Quick Summary:
In the dynamic world of the Excitation Systems industry, foreseeing market trends isn't mere speculation, but a business necessity. Our latest market research report offers an insightful and comprehensive analysis of the thriving Excitation Systems global market, projected to attain a remarkable value of US$4.3 Billion by 2030.
This research distills market performance across key regions, with an emphasis on the U.S, estimated at US$778.9 Million in 2022, and the fast-growing Chinese market which is on a trajectory to reach US$952 Million by 2030. Germany, Canada and Japan are other significant markets explored in this forecast. Also, you'll gain invaluable insights into leading competitors and their market shares. Complementing the data, we offer exclusive access to our digital archives, research platforms, and complimentary updates for one year. Empower your organization with this critical tool to make informed strategic decisions and secure your growth in the Excitation Systems industry.
Global Excitation Systems Market to Reach $4.3 Billion by 2030
The global market for Excitation Systems estimated at US$2.9 Billion in the year 2022, is projected to reach a revised size of US$4.3 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030. Brushless, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Static segment is readjusted to a revised 3.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $778.9 Million, While China is Forecast to Grow at 7.5% CAGR
The Excitation Systems market in the U.S. is estimated at US$778.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$952 Million by the year 2030 trailing a CAGR of 7.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.Select Competitors (Total 41 Featured) -
- ABB Ltd.
- Altex Electric Company
- Amtech Power Ltd.
- ANDRITZ AG
- Automation Electronics India
- Basler Electric Company
- Emersion Electric Co.
- KONCAR - Electronics and Informatics Inc.
- Rolls-Royce Corporation
- Siemens AG
- TENEL CR, s.r.o.
- Veo Oy
- Voith GmbH & Co. KGaA
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Excitation Systems?
What is the growth rate of the Global Market for Excitation Systems?
What is the forecasted size of the Global Market for Excitation Systems?
Who are the key companies in the Global Market for Excitation Systems?
| Report Attribute | Details |
|---|---|
| No. of Pages | 244 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 2.9 Billion |
| Forecasted Market Value ( USD | $ 4.3 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Ltd.
- Altex Electric Company
- Amtech Power Ltd.
- ANDRITZ AG
- Automation Electronics India
- Basler Electric Company
- Emersion Electric Co.
- KONCAR - Electronics and Informatics Inc.
- Rolls-Royce Corporation
- Siemens AG
- TENEL CR, s.r.o.
- Veo Oy
- Voith GmbH & Co. KGaA
