The global excitation systems market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing demand for synchronous generators and synchronous motors in various industries such as power generation, oil & gas, and transportation. The increasing demand for these products in developing economies such as China and India is also driving the growth of this market. The static excitation systems segment accounted for the largest share of the global excitation systems market in 2018, followed by brushless excitation systems segment. Synchronous generators are expected to be one of the fastest-growing applications during the forecast period owing to their use in power generation industry which has been witnessing significant growth over recent years due to increased investments by governments across different regions including Asia Pacific and Latin America.
- The global Excitation Systems market is driven by the increasing demand for renewable energy sources and the need for power generation in developing countries.
- The global Excitation Systems market is also driven by the need for power generation in developed countries, which are experiencing an increase in population and industrialization.
- Increasing investments in research and development activities related to renewable energy sources such as solar, wind, hydroelectricity, biomass, geothermal energy etc, will drive the growth of this market.
- Increasing investments in research and development activities related to power generation technologies such as gas turbines will also drive this market.
Industry Growth Insights published a new data on “Excitation Systems Market”. The research report is titled “Excitation Systems Market research by Types (Static Excitation Systems, Brushless Excitation Systems), By Applications (Synchronous Generators, Synchronous Motors), By Players/Companies ABB(Switzerland), Rolls Royce(UK), Voith(Germany), Tenel(Czech Republic), Basler Electric(US), Konear Inem(Croatia), Altex Electric(India), Automation Electronics(India), Amtech Power(India), Andritz(Austria), Siemens(Germany), GE(US), VEO OY(Finland)”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Excitation Systems Market Research Report
By Type
Static Excitation Systems, Brushless Excitation Systems
By Application
Synchronous Generators, Synchronous Motors
By Companies
ABB(Switzerland), Rolls Royce(UK), Voith(Germany), Tenel(Czech Republic), Basler Electric(US), Konear Inem(Croatia), Altex Electric(India), Automation Electronics(India), Amtech Power(India), Andritz(Austria), Siemens(Germany), GE(US), VEO OY(Finland)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Excitation Systems Market Report Segments:
The global Excitation Systems market is segmented on the basis of:
Types
Static Excitation Systems, Brushless Excitation Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Synchronous Generators, Synchronous Motors
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB(Switzerland)
- Rolls Royce(UK)
- Voith(Germany)
- Tenel(Czech Republic)
- Basler Electric(US)
- Konear Inem(Croatia)
- Altex Electric(India)
- Automation Electronics(India)
- Amtech Power(India)
- Andritz(Austria)
- Siemens(Germany)
- GE(US)
- VEO OY(Finland)
Highlights of The Excitation Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Static Excitation Systems
- Brushless Excitation Systems
- By Application:
- Synchronous Generators
- Synchronous Motors
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Excitation Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Excitation systems are a type of electronic equipment that produce sound. They can be found in devices like radios, televisions, and speakers.
Some of the major players in the excitation systems market are ABB(Switzerland), Rolls Royce(UK), Voith(Germany), Tenel(Czech Republic), Basler Electric(US), Konear Inem(Croatia), Altex Electric(India), Automation Electronics(India), Amtech Power(India), Andritz(Austria), Siemens(Germany), GE(US), VEO OY(Finland).
The excitation systems market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Excitation Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Excitation Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Excitation Systems Market - Supply Chain
4.5. Global Excitation Systems Market Forecast
4.5.1. Excitation Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Excitation Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Excitation Systems Market Absolute $ Opportunity
5. Global Excitation Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Excitation Systems Market Size and Volume Forecast by Type
5.3.1. Static Excitation Systems
5.3.2. Brushless Excitation Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Excitation Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Excitation Systems Market Size and Volume Forecast by Application
6.3.1. Synchronous Generators
6.3.2. Synchronous Motors
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Excitation Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Excitation Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Excitation Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Excitation Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Excitation Systems Demand Share Forecast, 2019-2026
9. North America Excitation Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Excitation Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Excitation Systems Market Size and Volume Forecast by Application
9.4.1. Synchronous Generators
9.4.2. Synchronous Motors
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Excitation Systems Market Size and Volume Forecast by Type
9.7.1. Static Excitation Systems
9.7.2. Brushless Excitation Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Excitation Systems Demand Share Forecast, 2019-2026
10. Latin America Excitation Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Excitation Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Excitation Systems Market Size and Volume Forecast by Application
10.4.1. Synchronous Generators
10.4.2. Synchronous Motors
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Excitation Systems Market Size and Volume Forecast by Type
10.7.1. Static Excitation Systems
10.7.2. Brushless Excitation Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Excitation Systems Demand Share Forecast, 2019-2026
11. Europe Excitation Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Excitation Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Excitation Systems Market Size and Volume Forecast by Application
11.4.1. Synchronous Generators
11.4.2. Synchronous Motors
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Excitation Systems Market Size and Volume Forecast by Type
11.7.1. Static Excitation Systems
11.7.2. Brushless Excitation Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential nalysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Excitation Systems Demand Share, 2019-2026
12. Asia Pacific Excitation Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Excitation Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Excitation Systems Market Size and Volume Forecast by Application
12.4.1. Synchronous Generators
12.4.2. Synchronous Motors
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Excitation Systems Market Size and Volume Forecast by Type
12.7.1. Static Excitation Systems
12.7.2. Brushless Excitation Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Excitation Systems Demand Share, 2019-2026
13. Middle East & Africa Excitation Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Excitation Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Excitation Systems Market Size and Volume Forecast by Application
13.4.1. Synchronous Generators
13.4.2. Synchronous Motors
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Excitation Systems Market Size and Volume Forecast by Type
13.7.1. Static Excitation Systems
13.7.2. Brushless Excitation Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Excitation Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Excitation Systems Market: Market Share Analysis
14.2. Excitation Systems Distributors and Customers
14.3. Excitation Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB(Switzerland)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rolls Royce(UK)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Voith(Germany)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tenel(Czech Republic)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Basler Electric(US)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Konear Inem(Croatia)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Altex Electric(India)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Automation Electronics(India)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Amtech Power(India)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Andritz(Austria)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Siemens(Germany)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. GE(US)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. VEO OY(Finland)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook