The global excitation systems market size is projected to reach USD 3.5 billion by 2026 at a CAGR of 4.5% from USD 2.8 billion in 2021 during the forecast period 2021-2028.
Excitation system is defined as a system which provides field current to the rotor winding of a generator. Well-designed excitation system provides reliability of operation, stability and fast transient response. There are 3 major types of excitation system are 1. Direct current commutator exciters, alternator supplied rectifier excitation system, and static excitation system.
With the significant increase in the demand for synchronous machines along with the added advantage provided by them are some of the factors that have supported long-term expansion for Excitation Systems Market.
The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The decreased supply for electricity along with the decline in business activities have impacted the market in a negative way.
Asia Pacific is expected to be the largest market during the forecast period. The increased capacity in terms of renewable energy has led to the expansion of market in the region.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 2.8 billion |
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Growth Rate |
CAGR of 4.5% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
Type, Controller Type, Application, End User and geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
ABB, Siemens Energy, General Electric , ANDRITZ Group, Voith Group , Nidec Corporation , KONČAR Group, Emerson , Melrose Industries PLC , Mitsubishi Electric Corporation , WEG , Tenel, S.R.O., Basler Electric , Automation Electronics India , Amtech Power Ltd. , Reivax , Veo Oy, L & S Electric , PLUTON Group, NR Electric Co., Ltd, Birr Machines, SVEA Power, Excitation & Engineering Services Ltd , Nelumbo Icona Controls Pvt. Ltd , F&S PROZESSAUTOMATION GmbH |
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Available Customization |
In addition to the market data for Excitation Systems Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Excitation Systems Market is segmented into Type, Controller Type, Application, End User and geography.
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