Excitation Systems Market by Type (Static and Brushless), Controller Type (Analog and Digital), Application (Synchronous Generators and Synchronous Motors), and Region (North America, Asia Pacific, Europe) - Global Forecast to 2023

  • ID: 4495769
  • Report
  • Region: Global, America, Asia, Asia Pacific, Europe, North America, United States
  • 119 Pages
  • Markets and Markets
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The Excitation Systems Market is Estimated at USD 2.64 Billion in 2018 and is Projected to Reach USD 3.12 Billion By 2023, at a CAGR of 3.38% from 2018 to 2023.

FEATURED COMPANIES

  • ABB
  • Amtech Power
  • Basler Electric
  • GE
  • Rolls Royce
  • Tenel
  • MORE

“The excitation systems market is projected to grow at a CAGR of 3.38% from 2018 to 2023”

Rapid growth in the power sector is the key to the economic development of a country. Electricity is a key ingredient for the growth of various industries such as oil & gas, mining, utilities, chemicals, cement, and manufacturing. The increasing demand for power requires the upgrading and expansion of transmission and distribution infrastructure. This has increased the demand for synchronous machines in various end-use applications such as hydro, thermal, and nuclear power plants.

Energy saving and power factor correction abilities are the advantages provided by synchronous machines, which have a played a key role in their increasing popularity. The rising popularity of synchronous machines has, in turn, driven the growth of excitation systems. Synchronous machines require excitation systems as they play a key role in controlling the voltage output, protect the stator and rotor, and adjust plant voltage and reactive power automatically.  Complex design that creates difficulty in maintenance is expected to restrain the market growth.

“The brushless excitation systems segment is expected to grow at the highest CAGR from 2018 to 2023”

Brushless excitation systems are expected to emerge as the largest growing market. In brushless excitation systems, the field current is supplied to synchronous machines without using slip rings and carbon brushes. As these systems do not require carbon brushes, losses due to contact resistance are low, thus resulting in low maintenance as compared to static excitation systems.

“Digital controls are expected to emerge as the largest segment based on control type”

Digital control systems provide a significant improvement in generator performance by improving transient as well as dynamic stability. Easy conversion of analog to digital controls is another key factor that is expected to foster the demand for digital control systems during the forecast period.

“Asia Pacific is expected to grow at the highest CAGR from 2018 to 2023”

The Asia Pacific region is estimated to be the largest and fastest growing market for excitation systems, followed by North America and Europe. China, which accounted for a major share of the Asia Pacific market in 2017, is projected to grow at the highest CAGR from 2018 to 2023. The increase in demand for excitation systems in the Asia Pacific region can be attributed to the growing demand for uninterrupted and reliable power supply in the region. The increasing investments in renewable energy projects are also anticipated to support the growth of excitation systems market in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 50%, Tier 2- 32%, Tier 3- 18%
  • By Designation: C-Level- 40%, Director Level- 30%, Others- 30%
  • By Region: North America-35%, APAC- 21%, Europe-24%, Middle East and Africa-11%, South America-9%

Note: The tier of the companies has been defined based on their total revenue, as of 2016: Tier 1 = >USD 5 billion, Tier 2 = > USD 0.5 billion to USD 1 billion, and Tier 3 = <USD 0.5 billion

Source: Industry Experts and MarketsandMarkets Analysis

Leading players in this industry have been profiled with their recent developments and other strategic activities. These include Basler Electric (US), ABB (Switzerland), GE (US), ANDRITZ AG (Austria), and Rolls Royce Holdings plc (UK) among others.

Research Coverage:

From an insight perspective, this research report has focused on various levels of analysis, namely industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments, high-growth regions, and market drivers, restraints & opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on products and integrated solutions & services offered by the top players in the global excitation systems market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the excitation systems market.
  • Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for excitation systems across regions
  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global excitation systems market
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FEATURED COMPANIES

  • ABB
  • Amtech Power
  • Basler Electric
  • GE
  • Rolls Royce
  • Tenel
  • MORE

1 Introduction 
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology 
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.5 Research Assumptions

3 Executive Summary 

4 Premium Insights 
4.1 Attractive Opportunities in the Excitation Systems Market, 2018–2023
4.2 Excitation Systems Market, By Region
4.3 Excitation Systems Market, By Type
4.4 Excitation Systems Market, By Controller Type
4.5 Excitation Systems Market, By Application
4.6 Asia Pacific Excitation Systems Market, By Country and Type

5 Market Overview 
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Ability to Ensure Long-Term Reliable Operations for Synchronous Machines
5.2.1.2 Rising Demand for Synchronous Machines
5.2.2 Restraints
5.2.2.1 Complex Design Leading to Difficulty in Maintenance
5.2.3 Opportunities
5.2.3.1 Solar and Wind Power Applications to Provide Future Opportunities
5.2.3.2 Demand for Synchronous Machines in the HVDC Network
5.2.4 Challenges
5.2.4.1 Development of Voltage Source Converter Excitation Systems as A Substitute for Conventional Thyristor-Based Static Excitation Systems

6 Excitation Systems Market, By Type 
6.1 Introduction
6.2 Static Excitation Systems
6.3 Brushless Excitation Systems

7 Excitation Systems Market, By Controller Type 
7.1 Introduction
7.2 Analog Control
7.3 Digital Control

8 Excitation Systems Market, By Application 
8.1 Introduction
8.2 Synchronous Generators
8.3 Synchronous Motors

9 Excitation Systems Market, By Region 
9.1 Introduction
9.2 Asia Pacific
9.2.1 By Type
9.2.2 By Controller Type
9.2.3 By Application
9.2.4 By Country
9.2.4.1 China
9.2.4.2 India
9.2.4.3 Japan
9.2.4.4 South Korea
9.2.4.5 Rest of Asia Pacific
9.3 Europe
9.3.1 By Type
9.3.2 By Controller Type
9.3.3 By Application
9.3.4 By Country
9.3.4.1 Russia
9.3.4.2 Germany
9.3.4.3 UK
9.3.4.4 Italy
9.3.4.5 Norway
9.3.4.6 Rest of Europe
9.4 North America
9.4.1 By Type
9.4.2 By Controller Type
9.4.3 By Country
9.4.3.1 US
9.4.3.2 Canada
9.4.3.3 Mexico
9.5 South America
9.5.1 By Type
9.5.2 By Controller Type
9.5.3 By Application
9.5.4 By Country
9.5.4.1 Brazil
9.5.4.2 Argentina
9.5.4.3 Venezuela
9.5.4.4 Rest of South America
9.6 Middle East
9.6.1 By Type
9.6.2 By Controller Type
9.6.3 By Application
9.6.4 By Country
9.6.4.1 Saudi Arabia
9.6.4.2 Oman
9.6.4.3 Qatar
9.6.4.4 UAE
9.6.4.5 Rest of the Middle East
9.7 Africa
9.7.1 By Type
9.7.2 By Controller Type
9.7.3 By Application
9.7.4 By Country
9.7.4.1 South Africa
9.7.4.2 Egypt
9.7.4.3 Nigeria
9.7.4.4 Algeria
9.7.4.5 Rest of Africa

10 Competitive Landscape 
10.1 Introduction
10.2 Ranking of Key Players & Industry Concentration, 2017
10.3 Competitive Scenario
10.3.1 Contracts & Agreements
10.3.2 New Product Launches
10.3.3 Mergers & Acquisitions

11 Company Profiles 
11.1 Benchmarking
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.2 ABB
11.3 Rolls Royce
11.4 Voith
11.5 Tenel
11.6 Basler Electric
11.7 Konèar Inem
11.8 Altex Electric
11.9 Automation Electronics India
11.10 Amtech Power
11.11 Andritz
11.12 Siemens
11.13 GE
11.14 VEO OY
*Details on Business Overview, Products Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix 
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables (67 Tables)
Table 1 Excitation Systems Market Snapshot
Table 2 Excitation Systems Market, By Type, 2016–2023 (USD Million)
Table 3 Static Excitation Systems: Excitation Systems Market Size, By Region, 2016–2023 (USD Million)
Table 4 Brushless Excitation: Excitation Systems Market Size, By Region, 2016–2023 (USD Million)
Table 5 Excitation Systems Market, By Controller Type, 2016–2023 (USD Million)
Table 6 Analog Control: Excitation Systems Market Size, By Region, 2016–2023 (USD Million)
Table 7 Digital Control: Excitation Systems Market Size, By Region, 2016–2023 (USD Million)
Table 8 Excitation Systems Market, By Application, 2016–2023 (USD Million)
Table 9 Synchronous Generators: Excitation Systems Market Size, By Region, 2016–2023 (USD Million)
Table 10 Synchronous Motors: Excitation Systems Market Size, By Region, 2016–2023 (USD Million)
Table 11 Excitation Systems Market Size, By Region, 2016–2023 (USD Million)
Table 12 Asia Pacific: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 13 Asia Pacific: Excitation Systems Market Size, By Controller Type, 2016–2023 (USD Million)
Table 14 Asia Pacific: Excitation Systems Market Size, By Application, 2016–2023 (USD Million)
Table 15 Asia Pacific: Excitation Systems Market Size, By Country, 2016–2023 (USD Million)
Table 16 China: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 17 India: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 18 Japan: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 19 South Korea: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 20 Rest of Asia Pacific: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 21 Europe: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 22 Europe: Excitation Systems Market Size, By Controller Type, 2016–2023 (USD Million)
Table 23 Europe: Excitation Systems Market Size, By Application, 2016–2023 (USD Million)
Table 24 Europe: Excitation Systems Market Size, By Country, 2016–2023 (USD Million)
Table 25 Russia: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 26 Germany: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 27 UK: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 28 Italy: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 29 Norway: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 30 Rest of Europe: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 31 North America: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 32 North America: Excitation Systems Market Size, By Controller Type, 2016–2023 (USD Million)
Table 33 North America: Excitation Systems Market Size, By Application, 2016–2023 (USD Million)
Table 34 North America: Excitation Systems Market Size, By Country, 2016–2023 (USD Million)
Table 35 US: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 36 Canada: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 37 Mexico: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 38 South America: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 39 South America: Excitation Systems Market Size, By Controller Type, 2016–2023 (USD Million)
Table 40 South America: Excitation Systems Market Size, By Application, 2016–2023 (USD Million)
Table 41 South America: Excitation Systems Market Size, By Country, 2016–2023 (USD Million)
Table 42 Brazil: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 43 Argentina: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 44 Venezuela: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 45 Rest of South America: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 46 Middle East: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 47 Middle East: Excitation Systems Market Size, By Controller Type, 2016–2023 (USD Million)
Table 48 Middle East & Africa: Excitation Systems Market Size, By Application, 2016–2023 (USD Million)
Table 49 Middle East: Excitation Systems Market Size, By Country, 2016–2023 (USD Million)
Table 50 Saudi Arabia: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 51 Oman: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 52 Qatar: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 53 UAE: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 54 Rest of the Middle East: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 55 Africa: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 56 Africa: Excitation Systems Market Size, By Controller Type, 2016–2023 (USD Million)
Table 57 Africa: Excitation Systems Market Size, By Application, 2016–2023 (USD Million)
Table 58 Africa: Excitation Systems Market Size, By Country, 2016–2023 (USD Million)
Table 59 South Africa: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 60 Egypt: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 61 Nigeria: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 62 Algeria: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 63 Rest of Africa: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 64 Konèar–Inem Was the Most Active Player, 2014–2017
Table 65 Contracts & Agreements, 2017
Table 66 New Product Launches, 2014–2016
Table 67 Mergers & Acquisitions, 2017

List of Figures (34 Figures)
Figure 1 Market Segmentation
Figure 2 Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Brushless Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 Digital Segment is Expected to Lead the Excitation Systems Market During the Forecast Period
Figure 9 Synchronous Generators Segment is Expected to Lead the Excitation Systems Market in 2018
Figure 10 Asia Pacific is Expected to Dominate the Excitation Systems Market, 2018
Figure 11 Rising Demand for Synchronous Machines is Expected to Drive the Market Demand for Excitation Systems Market
Figure 12 Asia Pacific to Grow at Fastest Rate in the Global Excitation Systems Market During the Forecast Period
Figure 13 Brushless Segment is Expected to Lead the Excitation Systems Market in 2018
Figure 14 Digital Segment is Expected to Lead the Excitation Systems Market From 2018–2023
Figure 15 Synchronous Generators Segment is Expected to Grow at Fastest CAGR During the Forecast Period
Figure 16 China Accounted for Largest Share of the Asia Pacific Excitation Systems Market in 2018
Figure 17 Market Dynamics: Excitation Systems Market
Figure 18 Brushless Excitation Segment is Expected to Dominate the Excitation Systems Market in 2018
Figure 19 Digital Control Segment is Expected to Dominate the Excitation Systems Market in 2018
Figure 20 Synchronous Generators are Expected to Dominate the Excitation Systems Market By Application, in 2018
Figure 21 Excitation Systems Market Share (Value), By Region, 2018
Figure 22 Excitation Systems Market Size, By Region, 2018–2023 (USD Million)
Figure 23 Asia Pacific: Excitation Systems Market Snapshot
Figure 24 North America: Excitation Systems Market Snapshot
Figure 25 Key Developments in the Excitation Systems Market, 2014–2017
Figure 26 Ranking of Players, 2017
Figure 27 ABB: Company Snapshot
Figure 28 Rolls Royce: Company Snapshot
Figure 29 Voith: Company Snapshot
Figure 30 Konèar Inem: Company Snapshot
Figure 31 Andritz: Company Snapshot
Figure 32 Siemens: Company Snapshot
Figure 33 GE: Company Snapshot
Figure 34 VEO OY: Company Snapshot

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  • ABB
  • Altex Electric
  • Amtech Power
  • Andritz
  • Automation Electronics India
  • Basler Electric
  • Benchmarking
  • GE
  • Konèar Inem
  • Rolls Royce
  • Siemens
  • Tenel
  • VEO OY
  • Voith
Note: Product cover images may vary from those shown
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