Global excitation systems market Research


Posted January 28, 2020 by Gargirathod

Global excitation systems market was valued at US$ 2.30 Bn in 2017 and is expected to reach US$ 3.10 Bn by 2026, at a CAGR of 3.80 % during a forecast period.

 
Global excitation systems market was valued at US$ 2.30 Bn in 2017 and is expected to reach US$ 3.10 Bn by 2026, at a CAGR of 3.80 % during a forecast period.

Excitation systems are used to offer the necessary field current to the rotor winding of the synchronous machine or generator. An excitation system provides the feature such as high reliability of operation, ease of maintenance, stability and fast transient response under all service conditions.

Growing adoption of excitation systems in synchronous machines owing to the capability of safeguarding long-term reliable operations are expected to drive global excitation systems market. Increasing demand for unregulated power supply is one of the key drivers in the global excitation systems market. Furthermore, Complex design of excitation systems is leading to difficulty in maintenance, which is limiting the growth in the global excitation systems market.

Increasing use of excitation system in the solar and wind power applications and rise in demand for synchronous machines in the HVDC network are the opportunities in the global excitation systems market. Improvement of voltage source converter excitation systems over conventional thyristor-based static excitation systems as a substitute is the challenge in the global excitation systems market.




The objective of the report is to present a comprehensive assessment of the global excitation systems market and contains considerate insights, facts, historical data, industry-validated market data and projections with appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global excitation systems market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.




Brushless excitation systems segment held the large share of the global excitation systems market in 2017 and is expected to grow at a high rate of CAGR during the forecast period. In brushless excitation systems, the field current is provided to synchronous machines without exhausting slip rings and carbon brushes. This system does not require any carbon brushes losses owing to its low contact resistance, which results in low maintenance as related to static excitation systems.




Digital control is expected to share significant growth in the global excitation systems market. This control systems offer a significant improvement in generator performance by enlightening transient and dynamic stability. Easier conversion of analog to digital controls is one of the key factors that is estimated to adoptive the demand for digital control systems during the forecast period. Digital control excitation system provides the enhanced performance.




Synchronous generators are projected to be the fast-growing segment during the forecast period. Increasing demand for generators in hydropower generation is estimated to sustenance the demand for excitation systems. Furthermore, the increasing popularity of synchronous machines is estimated to propel the growth of global excitation systems. Synchronous machines need excitation systems as they perform a key role in regulating the voltage output, shelter the stator and rotor, and regulate plant voltage and reactive power automatically.




Geographically, Asia Pacific is expected to dominate the global excitation systems market. The dominance position in the market is attributed to the increasing renewable energy-based capacity. The upsurge in demand for excitation systems in this region can be accredited to the increasing demand for uninterrupted and reliable power supply. The growing investments in renewable energy projects are also estimated to propel the growth of excitation systems market in the region.

For more information visit:

https://www.maximizemarketresearch.com/market-report/global-excitation-systems-market/26209/

The Scope of the Report Global Excitation Systems Market

Global Excitation Systems Market, By Type

Static
Brushless

Global Excitation Systems Market, By Controller Type

Analog
Digital

Global Excitation Systems Market, By Application




Synchronous Generators
Synchronous Machines

Global Excitation Systems Market, By Geography




North America
Europe
Asia Pacific
Middle East & Africa
South America

Key players analyzed in the Report:




ABB
Rolls Royc
Voith
Tenel
Altex Electric
Automation Electronics
Amtech Power
Andritz
Basler Electric
Konear Inem
Siemen
GE
VEO OY
Rolls Royce Holdings plc

This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:

Name: Lumawant Godage

Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.

Email: [email protected]

Address: Pune, Maharashtra 411051, India.

Contact: +919607195908
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By jaya
Phone 09607365656
Business Address Omkar Heights,, Sinhagad Road,, Manik Baug, Vadgaon Bk,, Pune, Maharashtra 411051, India.,
Country India
Categories Accounting , Advertising , Aerospace
Tags excitation systems market research , global excitation systems market research
Last Updated January 28, 2020