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2021
Excitation Systems Market

Excitation Systems Market by Type (Static and Rotational), Controller Type (Analog and Digital), Application (Synchronous Generator and Synchronous Motor), and End User (Power Generation and Other Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030

A10794
Pages: 220
Oct 2021 | 1393 Views
   
Author(s) : Saurabh Dixit , Eswara Prasad
Tables: 156
Charts: 71
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Excitation Systems Market Outlook - 2030

The global excitation systems market size was valued at $2.1 billion in 2020, and is projected to reach $3.4 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030. Excitation system is used to excite field winding of synchronous machine with the help of DC supply and helps to control the field current reactive power flow of the system and field voltage. There are two types of excitation systems such as static and rotating excitation system. Rotating excitation system is further subdivided into AC and DC excitation systems. It provides stability when starting the synchronous machines. The role of excitation systems in synchronous generator is to maintain a constant terminal voltage and in case of synchronous motor, it is used to maintain constant power factor.

The outbreak of COVID-19 pandemic resulted in temporary ban on import & export and manufacturing & processing activities across various industries and electrical utilities, which decreased the demand for excitation systems.

Rapid growth of highly volatile energy generation by means of renewable sources such as hydro, solar, wind, and others is expected to increase the demand for excitation systems in synchronous machines during the forecast period. 

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In addition, advantages associated with excitation systems such as reliability, simple control, enhanced stability, fast transient response and others are anticipated to propel the growth of the market in the upcoming years. On the contrary, rise in R&D activities toward development of digital excitation control systems is expected to provide key opportunity for players operating in this market. 

For the purpose of analysis, the excitation systems market is segmented into type, controller type, application, end user, and region. Depending on type, the market is bifurcated into static and rotational. On the basis of controller type, it is categorized into analog and digital. As per application, it is classified into synchronous generator and synchronous motor. The end users covered in the study include power generation and other industrial. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global excitation systems market analysis covers in-depth information of the major excitation systems industry participants. Some of the major players in the market include ABB, Andritz AG, Basler Electric Company, Fuji Electric Co., Ltd., General Electric, Mitsubishi Electric Corporation, Siemens AG, Tenel, s.r.o., Voith GmbH & Co. KGaA, and WEG Group.

Other players operating in the value chain of the global excitation systems market are Nidec Corporation, Melrose Industries, Amtech Power, Reivax, and others.

The key players have adopted numerous strategies such as product launch, acquisition, and business expansion, to stay competitive in the excitation systems market.

For instance, in October 2021, Basler Electric Company acquired Segrity, LLC and consolidates expanded field service capabilities under Basler Services, LLC. This acquisition led to rise in the product portfolio and surge in the electrical services of the company.

In addition, in March 2020, GE Steam Power supplied two 2500 MVA Short Circuit Generator systems to the High-Power Laboratory (HPL) of Central Power Research Institute (CPRI), Bengaluru. This supply led to increase in the sales of excitation system and rise in the overall revenue of the company.

The excitation systems market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2021–2030. The report includes the study of the market with respect to the growth prospects and restraints based on regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

Excitation systems market, by type

By type, the static segment held the largest market share in 2020, owing to various advantages of static excitation systems such as good reliability, operation flexibility, excellent system response, small size, lower losses, and high performance, which fueled the demand during the analyzed time frame. Moreover, rise in demand for electricity from developing economies resulted in increased investment toward power generation, transmission and distribution infrastructure, which in turn is expected to fuel the growth of the excitation systems market from 2021 to 2030.

Excitation Systems Market
By Type

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Static is projected as the most lucrative segment.

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Excitation systems market, by controller type

On the basis of controller type, the digital segment dominated the global market in 2020, in terms of share, owing to rise in demand for excitation system as it provides reliable and stable operation of synchronous machines such as synchronous generator and synchronous motor. In addition, rise in R&D activities toward improvement of digital controllers for its use in excitation systems is anticipated to fuel the growth of the market during the analyzed timeframe.

Excitation Systems Market
By Controller Type

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Digital is projected as the most lucrative segment.

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Excitation systems market, by application

By application, the synchronous generator segment garnered the highest market share in 2020. This is attributed to rise in demand for synchronous generator from various power plants including nuclear, thermal, wind & hydropower, and industrial applications. In addition, rise in usage of synchronous generator for constant speed applications and power factor correction applications is anticipated to fuel the growth of the excitation systems market from 2021 to 2030.

Excitation Systems Market
By Application

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Synchronous Generator is projected as the most lucrative segment.

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Excitation systems market, by end user

By end user, in 2020, the power generation segment acquired the largest excitation systems market share, owing to rise in demand for electricity from developing and developed economies, which resulted in increased demand for synchronous machines. In addition, rise in energy demand along with cleaner generation of electricity is expected to fuel the growth of the renewable power generation segment, thereby driving the growth of the market in the coming years.

Excitation Systems Market
By End User

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Power Generation is projected as the most lucrative segment.

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Excitation systems market, by region

Asia-Pacific garnered the highest share in the excitation systems market in 2020, in terms of revenue, and is anticipated to maintain its dominance during the forecast period. This is attributed to the presence of key players and huge consumer base in the region. In addition, rapid expansion of the renewable energy sector, rise in investment toward up gradation of aged power infrastructure, and rapid industrialization in the region are further anticipated to fuel the growth of the market in the upcoming years.

Excitation Systems Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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COVID-19 impact on the market

Lockdown imposed due to the outbreak of COVID-19 pandemic resulted in temporary ban on import & export and manufacturing & processing activities across various industries and electrical utilities, which decreased the demand for excitation systems from these consumers. In addition, halt in building & construction of new electric utility infrastructures, renewable power plants, grid network, and other power plants, owing to unavailability of workers and increase in demand–supply gap are projected to hamper the market growth during the pandemic period. This resulted in decline in market growth in the second, third, and fourth quarters of 2020. However, the excitation systems market is expected to recover by the last quarter of 2021, as COVID-19 vaccination has begun in various economies across the globe, which is expected to improve the global economy.

Key Benefits For Stakeholders

  • The report provides an extensive qualitative and quantitative analysis of the current market trends and future estimations of the global from 2021 to 2030 to determine the prevailing excitation systems market opportunities.
  • A comprehensive analysis of the factors that drive and restrict the global market growth is provided.
  • Estimations and excitation systems market forecast are based on factors impacting the growth, in terms of value.
  • Profiles of leading players operating in the excitation systems market are provided to understand the global competitive scenario.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable excitation systems market growth.

Key Market Segments

By Type

  • Static
  • Rotational

By Controller type

  • Analog
  • Digital

By Application

  • Synchronous Generator
  • Synchronous Motor

By End User

  • Power Generation
  • Other Industrial

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Research methodology

1.3.1.Primary research
1.3.2.Secondary research
1.3.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping the market
3.3.Value chain analysis
3.4.Top investment pockets
3.5.Patent analysis

3.5.1.By region, 2013–2020

3.6.Market dynamics

3.6.1.Drivers

3.6.1.1.Rise in demand for synchronous machines from various end use industries
3.6.1.2.Rise in investment toward power infrastructure projects

3.6.2.Restraint

3.6.2.1.Complicated design and disadvantages of excitation systems

3.6.3.Opportunity

3.6.3.1.Rapid Growth of Renewable Energy Sector

CHAPTER 4:EXCITATION SYSTEMS MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Static

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country

4.3.Rotational

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country

CHAPTER 5:EXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE

5.1.Overview

5.1.1.Market size and forecast

5.2.Analog

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country

5.3.Digital

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country

CHAPTER 6:EXCITATION SYSTEMS MARKET, BY APPLICATION

6.1.Overview

6.1.1.Market size and forecast

6.2.Synchronous Generator

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market share analysis, by country

6.3.Synchronous Motor

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market share analysis, by country

CHAPTER 7:EXCITATION SYSTEMS MARKET, BY END USER

7.1.Overview

7.1.1.Market size and forecast

7.2.Power Generation

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market share analysis, by country

7.3.Other Industrial

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market share analysis, by country

CHAPTER 8:EXCITATION SYSTEMS MARKET, BY REGION

8.1.Overview

8.1.1.Market size and forecast

8.2.North America

8.2.1.Key market trends, growth factors, and opportunities8.2.2.Market size and forecast, by type
8.2.3.Market size and forecast, by controller type
8.2.4.Market size and forecast, by application
8.2.5.Market size and forecast, by end user
8.2.6.Market share analysis, by country
8.2.7.U.S.

8.2.7.1.Market size and forecast, by type
8.2.7.2.Market size and forecast, by controller type
8.2.7.3.Market size and forecast, by application
8.2.7.4.Market size and forecast, by end user

8.2.8.Canada

8.2.8.1.Market size and forecast, by type
8.2.8.2.Market size and forecast, by controller type
8.2.8.3.Market size and forecast, by application
8.2.8.4.Market size and forecast, by end user

8.2.9.Mexico

8.2.9.1.Market size and forecast, by type
8.2.9.2.Market size and forecast, by controller type
8.2.9.3.Market size and forecast, by application
8.2.9.4.Market size and forecast, by end user

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by type
8.3.3.Market size and forecast, by controller type
8.3.4.Market size and forecast, by application
8.3.5.Market size and forecast, by end user
8.3.6.Market share analysis, by country
8.3.7.Germany

8.3.7.1.Market size and forecast, by type
8.3.7.2.Market size and forecast, by controller type
8.3.7.3.Market size and forecast, by application
8.3.7.4.Market size and forecast, by end user

8.3.8.UK

8.3.8.1.Market size and forecast, by type
8.3.8.2.Market size and forecast, by controller type
8.3.8.3.Market size and forecast, by application
8.3.8.4.Market size and forecast, by end user

8.3.9.France

8.3.9.1.Market size and forecast, by type
8.3.9.2.Market size and forecast, by controller type
8.3.9.3.Market size and forecast, by application
8.3.9.4.Market size and forecast, by end user

8.3.10.Spain

8.3.10.1.Market size and forecast, by type
8.3.10.2.Market size and forecast, by controller type
8.3.10.3.Market size and forecast, by application
8.3.10.4.Market size and forecast, by end user

8.3.11.Italy

8.3.11.1.Market size and forecast, by type
8.3.11.2.Market size and forecast, by controller type
8.3.11.3.Market size and forecast, by application
8.3.11.4.Market size and forecast, by end user

8.3.12.Rest of Europe

8.3.12.1.Market size and forecast, by type
8.3.12.2.Market size and forecast, by controller type
8.3.12.3.Market size and forecast, by application
8.3.12.4.Market size and forecast, by end user

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by type
8.4.3.Market size and forecast, by controller type
8.4.4.Market size and forecast, by application
8.4.5.Market size and forecast, by end user
8.4.6.Market share analysis, by country
8.4.7.China

8.4.7.1.Market size and forecast, by type
8.4.7.2.Market size and forecast, by controller type
8.4.7.3.Market size and forecast, by application
8.4.7.4.Market size and forecast, by end user

8.4.8.Japan

8.4.8.1.Market size and forecast, by type
8.4.8.2.Market size and forecast, by controller type
8.4.8.3.Market size and forecast, by application
8.4.8.4.Market size and forecast, by end user

8.4.9.India

8.4.9.1.Market size and forecast, by type
8.4.9.2.Market size and forecast, by controller type
8.4.9.3.Market size and forecast, by application
8.4.9.4.Market size and forecast, by end user

8.4.10.Australia

8.4.10.1.Market size and forecast, by type
8.4.10.2.Market size and forecast, by controller type
8.4.10.3.Market size and forecast, by application
8.4.10.4.Market size and forecast, by end user

8.4.11.South Korea

8.4.11.1.Market size and forecast, by type
8.4.11.2.Market size and forecast, by controller type
8.4.11.3.Market size and forecast, by application
8.4.11.4.Market size and forecast, by end user

8.4.12.Rest of Asia-Pacific

8.4.12.1.Market size and forecast, by type
8.4.12.2.Market size and forecast, by controller type
8.4.12.3.Market size and forecast, by application
8.4.12.4.Market size and forecast, by end user

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by type
8.5.3.Market size and forecast, by controller type
8.5.4.Market size and forecast, by application
8.5.5.Market size and forecast, by end user
8.5.6.Market share analysis, by country
8.5.7.Latin America

8.5.7.1.Market size and forecast, by type
8.5.7.2.Market size and forecast, by controller type
8.5.7.3.Market size and forecast, by application
8.5.7.4.Market size and forecast, by end user

8.5.8.Middle East

8.5.8.1.Market size and forecast, by type
8.5.8.2.Market size and forecast, by controller type
8.5.8.3.Market size and forecast, by application
8.5.8.4.Market size and forecast, by end user

8.5.9.Africa

8.5.9.1.Market size and forecast, by type
8.5.9.2.Market size and forecast, by controller type
8.5.9.3.Market size and forecast, by application
8.5.9.4.Market size and forecast, by end user

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.Introduction

9.1.1.Market Player Positioning, 2020
9.1.2.Top winning strategies
9.1.3.Top winning strategies, by year
9.1.4.Top winning strategies, by development
9.1.5.Top winning strategies, by company

9.2.Product Mapping of Top 10 Player
9.3.Competitive Heatmap
9.4.Key developments

9.4.1.New product launches
9.4.2.Acquisition
9.4.3.Business Expansions

CHAPTER 10:COMPANY PROFILES

10.1.ABB

10.1.1.Company overview
10.1.2.Company snapshot
10.1.1.Key executives
10.1.2.Operating business segments
10.1.3.Product portfolio
10.1.4.Business performance
10.1.5.Key strategic moves and developments

10.2.ANDRITZ AG

10.2.1.Company overview
10.2.2.Company snapshot
10.2.3.Key executives
10.2.4.Operating business segments
10.2.5.Product portfolio
10.2.6.Business performance
10.3.BASLER ELECTRIC COMPANY
10.3.1.Company overview
10.3.2.Company snapshot
10.3.3.Key executives
10.3.4.Product portfolio
10.3.5.Business performance
10.3.6.Key strategic moves and developments

10.4.FUJI ELECTRIC CO., LTD.

10.4.1.Company overview
10.4.2.Key executives
10.4.3.Company snapshot
10.4.4.Operating business segments
10.4.5.Product portfolio
10.4.6.Business performance

10.5.GENERAL ELECTRIC

10.5.1.Company overview
10.5.2.Company snapshot
10.5.3.Key executives
10.5.4.Operating business segments
10.5.5.Product portfolio
10.5.6.Business performance
10.5.7.Key strategic moves and developments

10.6.MITSUBISHI ELECTRIC CORPORATION

10.6.1.Company overview
10.6.2.Company snapshot
10.6.3.Key executives
10.6.4.Operating business segments
10.6.5.Product portfolio
10.6.6.Business performance

10.7.SIEMENS AG

10.7.1.Company overview
10.7.2.Company snapshot
10.7.3.Key executives
10.7.4.Product portfolio
10.7.5.Business performance

10.8.TENEL, S.R.O.

10.8.1.Company overview
10.8.2.Company snapshot
10.8.3.Product portfolio

10.9.VOITH GmbH & CO. KGAA

10.9.1.Company overview
10.9.2.Key executives
10.9.3.Company snapshot
10.9.4.Operating business segments
10.9.5.Product portfolio
10.9.6.Business performance

10.10.WEG GROUP

10.10.1.Company overview
10.10.2.Key executives
10.10.3.Company snapshot
10.10.4.Operating business segments
10.10.5.Product portfolio
10.10.6.Business performance

LIST OF TABLES

TABLE 01.GLOBAL EXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 02.STATICEXCITATION SYSTEMS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 03.ROTATIONALEXCITATION SYSTEMS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 04.GLOBAL EXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 05.ANALOGEXCITATION SYSTEMS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 06.DIGITAL SYSTEMS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 07.GLOBAL EXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 08.EXCITATION SYSTEMS MARKET FOR SYNCHRONOUS GENERATOR, BY REGION, 2020–2030 ($MILLION)
TABLE 09.EXCITATION SYSTEMS MARKET FOR SYNCHRONOUS MOTOR, BY REGION, 2020–2030 ($MILLION)
TABLE 10.GLOBAL EXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 11.EXCITATION SYSTEMS MARKET FOR POWER GENERATION, BY REGION, 2020–2030 ($MILLION)
TABLE 12.EXCITATION SYSTEMS MARKET FOR OTHER INDUSTRIAL, BY REGION, 2020–2030 ($MILLION)
TABLE 13.EXCITATION SYSTEMS MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 14.NORTH AMERICA EXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 15.NORTH AMERICA EXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 16.NORTH AMERICA EXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 17.NORTH AMERICA EXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 18.NORTH AMERICA EXCITATION SYSTEMS MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 19.U.S. EXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 20.U.S.EXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 21.U.S.EXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 22.U.S.EXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 23.CANADA EXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 24.CANADA EXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 25.CANADA EXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 26.CANADA EXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 27.MEXICOEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 28.MEXICOEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 29.MEXICOEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 30.MEXICOEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 31.EUROPEEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 32.EUROPEEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 33.EUROPEEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 34.EUROPEEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 35.EUROPE EXCITATION SYSTEMS MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 36.GERMANYEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 37.GERMANYEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 38.GERMANYEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 39.GERMANYEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 40.UKEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 41.UKEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 42.UKEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 43.UKEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 44.FRANCEEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 45.FRANCEEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 46.FRANCEEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 47.FRANCEEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 48.SPAINEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 49.SPAINEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 50.SPAINEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 51.SPAINEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 52.ITALYEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 53.ITALYEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 54.ITALYEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 55.ITALYEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 56.REST OF EUROPEEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 57.REST OF EUROPEEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 58.REST OF EUROPEEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 59.REST OF EUROPEEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 60.ASIA-PACIFICEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 61.ASIA-PACIFICEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 62.ASIA-PACIFICEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 63.ASIA-PACIFICEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 64.ASIA-PACIFIC EXCITATION SYSTEMS MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 65.CHINAEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 66.CHINAEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 67.CHINAEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 68.CHINAEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 69.JAPANEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 70.JAPANEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 71.JAPANEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 72.JAPANEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 73.INDIAEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 74.INDIAEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 75.INDIAEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 76.INDIAEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 77.AUSTRALIAEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 78.AUSTRALIAEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 79.AUSTRALIAEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 80.AUSTRALIAEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 81.SOUTH KOREAEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 82.SOUTH KOREAEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 83.SOUTH KOREAEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 84.SOUTH KOREAEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 85.REST OF ASIA-PACIFICEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 86.REST OF ASIA-PACIFICEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 87.REST OF ASIA-PACIFICEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 88.REST OF ASIA-PACIFICEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 89.LAMEAEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 90.LAMEAEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 91.LAMEAEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 92.LAMEAEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 93.LAMEA EXCITATION SYSTEMS MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 94.LATIN AMERICAEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 95.LATIN AMERICAEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 96.LATIN AMERICAEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 97.LATIN AMERICAEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 98.MIDDLE EASTEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 99.MIDDLE EASTEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 100.MIDDLE EASTEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 101.MIDDLE EASTEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 102.AFRICAEXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 103.AFRICAEXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030 ($MILLION)
TABLE 104.AFRICAEXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 105.AFRICAEXCITATION SYSTEMS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 106.KEY NEW PRODUCT LAUNCHES (2017-2021)
TABLE 107.KEY ACQUISITION (2017-2021)
TABLE 108.KEY BUSINESS EXPANSIONS (2017-2021)
TABLE 109.ABB: COMPANY SNAPSHOT
TABLE 110.ABB: KEY EXECUTIVES
TABLE 111.ABB: OPERATING SEGMENTS
TABLE 112.ABB: PRODUCT PORTFOLIO
TABLE 113.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 114.ABB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 115.ANDRITZ AG: COMPANY SNAPSHOT
TABLE 116.ANDRITZ AG: KEY EXECUTIVES
TABLE 117.ANDRITZ AG: OPERATING SEGMENTS
TABLE 118.ANDRITZ AG: PRODUCT PORTFOLIO
TABLE 119.ANDRITZ AG: NET SALES, 2018–2020 ($MILLION)
TABLE 120.BASLER ELECTRIC COMPANY: COMPANY SNAPSHOT
TABLE 121.BASLER ELECTRIC COMPANY: KEY EXECUTIVES
TABLE 122.BASLER ELECTRIC COMPANY: PRODUCT PORTFOLIO
TABLE 123.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 124.BASLER ELECTRIC COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 125.FUJI ELECTRIC: KEY EXECUTIVES
TABLE 126.FUJI ELECTRIC: COMPANY SNAPSHOT
TABLE 127.FUJI ELECTRIC: OPERATING SEGMENTS
TABLE 128.FUJI ELECTRIC: PRODUCT PORTFOLIO
TABLE 129.FUJI ELECTRIC: NET SALES, 2018–2020 ($MILLION)
TABLE 130.GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 131.GENERAL ELECTRIC: KEY EXECUTIVES
TABLE 132.GENERAL ELECTRIC: OPERATING SEGMENTS
TABLE 133.GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 134.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 135.GENERAL ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 136.MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 137.MITSUBISHI ELECTRIC CORPORATION: KEY EXECUTIVES
TABLE 138.MITSUBISHI ELECTRIC CORPORATION: OPERATING SEGMENTS
TABLE 139.MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 140.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 141.SIEMENS AG: COMPANY SNAPSHOT
TABLE 142.SIEMENS AG: KEY EXECUTIVES
TABLE 143.SIEMENS: PRODUCT PORTFOLIO
TABLE 144.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 145.TENEL, S.R.O.: COMPANY SNAPSHOT
TABLE 146.TENEL, S.R.O.: PRODUCT PORTFOLIO
TABLE 147.VOITH GMBH & CO. KGAA: KEY EXECUTIVES
TABLE 148.VOITH GMBH & CO. KGAA: COMPANY SNAPSHOT
TABLE 149.VOITH GMBH & CO. KGAA: OPERATING SEGMENTS
TABLE 150.VOITH GMBH & CO. KGAA: PRODUCT PORTFOLIO
TABLE 151.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 152.WEG GROUP: KEY EXECUTIVES
TABLE 153.WEG GROUP: COMPANY SNAPSHOT
TABLE 154.WEG GROUP: OPERATING SEGMENTS
TABLE 155.WEG GROUP: PRODUCT PORTFOLIO
TABLE 156.WEG GROUP: NET SALES, 2018–2020 ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 03.MODERATE THREAT OF NEW ENTRANTS
FIGURE 04.MODERATE THREAT OF SUBSTITUTES
FIGURE 05.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 06.MODERATE BARGAINING POWER OF BUYERS
FIGURE 07.VALUE CHAIN ANALYSIS
FIGURE 08.TOP INVESTMENT POCKETS
FIGURE 09.PATENT ANALYSIS, BY REGION
FIGURE 10.EXCITATION SYSTEMS MARKET DYNAMICS
FIGURE 11.GLOBAL EXCITATION SYSTEMS MARKET, BY TYPE, 2020–2030
FIGURE 12.COMPARATIVE ANALYSIS OF STATICEXCITATION SYSTEMS MARKET, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 13.COMPARATIVE ANALYSIS OF ROTATIONALEXCITATION SYSTEMS MARKET, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 14.GLOBAL EXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2030
FIGURE 15.COMPARATIVE ANALYSIS OF ANALOGEXCITATION SYSTEMS MARKET, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 16.COMPARATIVE ANALYSIS OF DIGITALEXCITATION SYSTEMS MARKET, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 17.GLOBAL EXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2030
FIGURE 18.COMPARATIVE ANALYSIS OF EXCITATION SYSTEMS MARKET FOR SYNCHRONOUS GENERATOR, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 19.COMPARATIVE ANALYSIS OF EXCITATION SYSTEMS MARKET FOR SYNCHRONOUS MOTOR, BY COUNTRY,  2020 & 2030 ($MILLION)
FIGURE 20.GLOBAL EXCITATION SYSTEMS MARKET, BY END USE, 2020–2030
FIGURE 21.COMPARATIVE ANALYSIS OF EXCITATION SYSTEMS MARKET FOR POWER GENERATION, BY COUNTRY,  2020 & 2030 ($MILLION)
FIGURE 22.COMPARATIVE ANALYSIS OF EXCITATION SYSTEMS MARKET FOR OTHER INDUSTRIAL, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 23.U.S.EXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 24.CANADA EXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 25.MEXICOEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 26.GERMANYEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 27.UKEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 28.FRANCEEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 29.SPAINEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 30.ITALYEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 31.REST OF EUROPEEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 32.CHINAEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 33.JAPANEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 34.INDIAEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 35.AUSTRALIAEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 36.SOUTH KOREAEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 37.REST OF ASIA-PACIFICEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 38.LATIN AMERICAEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 39.MIDDLE EASTEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 40.AFRICAEXCITATION SYSTEMS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 41.MARKET PLAYER POSITIONING, 2020
FIGURE 42.TOP WINNING STRATEGIES, BY YEAR, 2017–2021
FIGURE 43.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2021 (%)
FIGURE 44.TOP WINNING STRATEGIES, BY COMPANY, 2017–2021
FIGURE 45.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 46.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 47.ABB: REVENUE, 2018-2020 ($MILLION)
FIGURE 48.ABB: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 49.ABB: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 50.ANDRITZ AG: NET SALES, 2018–2020 ($MILLION)
FIGURE 51.ANDRITZ AG: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 52.ANDRITZ AG: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 53.BASLER ELECTRIC COMPANY: REVENUE, 2018-2020 ($MILLION)
FIGURE 54.BASLER ELECTRIC COMPANY: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 55.FUJI ELECTRIC: NET SALES, 2018–2020 ($MILLION)
FIGURE 56.FUJI ELECTRIC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 57.FUJI ELECTRIC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 58.GENERAL ELECTRIC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 59.GENERAL ELECTRIC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 60.MITSUBISHI ELECTRIC CORPORATION: REVENUE, 2018-2020 ($MILLION)
FIGURE 61.MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 62.MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 63.SIEMENS AG: REVENUE, 2018-2020 ($MILLION)
FIGURE 64.SIEMENS AG: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 65.SIEMENS AG: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 66.VOITH GMBH & CO. KGAA: NET SALES, 2018–2020 ($MILLION)
FIGURE 67.VOITH GMBH & CO. KGAA: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 68.VOITH GMBH & CO. KGAA: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 69.WEG GROUP: NET SALES, 2018–2020 ($MILLION)
FIGURE 70.WEG GROUP: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 71.WEG GROUP: REVENUE SHARE BY REGION, 2020 (%)


 
 

Rapid industrialization and growth of renewable energy sector are the key factors attributed to the leading position of Asia-Pacific. The huge potential in Asia-Pacific to set up renewable energy plants & industries and surge in high-voltage direct current (HVDC) transmission networks are expected to provide lucrative opportunities to leading excitation systems manufacturers.

Increase in demand for reliable and continuous power supply is the key factor that increased the demand for synchronous machines which in turn is expected to drive the growth of the global excitation systems market during the forecast period. In addition, rise in demand for reactive power compensation and power factor correction from electric utilities and industrial applications is anticipated to fuel the growth of the market during the analyzed time frame. However, complicated design of excitation systems and need for additional components such as slip ring & brushes in case of static excitation systems hamper the growth of the market from 2021 to 2030. On the contrary, rise in investment towards upgradation of old/aged power infrastructure and rapid growth of transmission network are anticipated to provide remunerative opportunities for key players to maintain the pace in the excitation systems market in the upcoming years.

Among the analyzed regions, Asia-Pacific is likely to account for the highest revenue in the market throughout the forecast period, followed by North America, Europe, and LAMEA.

 

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A. Product launch, acquisition and business expansion are the key growth strategies of excitation systems market players.

A. North America and Asia-Pacific regions will provide more business opportunities for excitation systems in future.

A. To get latest version of excitation systems market report can be obtained on demand from the website.

A. Potential customers of excitation systems industry are energy & power, oil & gas, pulp & paper, manufacturing, chemical, and others.

A. Synchronous generators and synchronous motors are the key applications expected to drive the adoption of excitation systems.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. ABB, Ltd., Andritz AG, Basler Electric Company, Fuji Electric Co., Ltd., General Electric, Mitsubishi Electric Corporation, Siemens AG, Tenel, s.r.o., Voith GmbH & Co. KGaA, and WEG Group are the leading global players in the excitation systems market.

A. Rise in demand for synchronous machines from various end use industries and rise in investment towards power infrastructure are the driving factors and opportunities in the excitation systems market.

A. Key benefits of the excitation systems market report include detailed analysis on global trends, key players, competitive scenario, opportunities, market size & forecast, and segmental & regional analysis.

A. Rapid growth of renewable energy sectors such as wind power, solar power, hydropower and others is expected to be the current trend will influence the Excitation Systems Market in the next few years.

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