Excitation Systems Market

Excitation Systems Market by Type (Static and Brushless), Controller Type (Analog and Digital), Application (Synchronous Generators and Synchronous Motors), End User (Power Generation, Heavy Industries, and OEMs) and Region - Global Forecast to 2026

Report Code: EP 6126 Apr, 2021, by marketsandmarkets.com

[213 Pages Report] The excitation systems market is valued at USD 2.7 billion in 2021 and is expected to grow at a CAGR of 4.4% during the forecast period, to reach a market size of USD 3.4 billion by 2026. Synchronous machines, which are used for fixed speed as well as variable speed applications, provide optimized energy use and reduce maintenance costs. Maintenance cost savings are much higher in case of brushless DC generators. Energy saving and power factor correction abilities are the key advantages offered by synchronous machines and have played a key role in their increasing popularity. The rising popularity of synchronous machines has, in turn, driven the growth of excitation systems.

Excitation Systems Market

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COVID-19 Impact on the Global Excitation Systems Market

The ongoing COVID-19 pandemic has impacted the power industry globally. Due to the current scenario, various device manufacture companies across regions have to shut down their manufacturing facilities and services as countries practiced partial or full lockdown strategy to deal with the pandemic. The electricity demand has been reduced significantly due to the COVID-19 pandemic. However, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing to the decline in the business activities has further negatively impacted excitation systems in the short term.

Excitation Systems Market Dynamics

Driver: Rise in demand for synchronous machines to provide reliable operation

A synchronous machine constitutes both synchronous motors as well as synchronous generators. Excitation systems are a key component in many power generating units used by plant owners and operators to achieve reliability of operations, stability, and fast transient response of their assets, according to grid requirements. Synchronous machines, along with excitation systems, ensure the stable and continuous power supply required for efficient plant operation. Thus, excitation systems ensure reliable long-term operation of synchronous machines as they influence operational readiness.

Restraint: Complex design leading to difficulty in maintenance of excitation systems

Generator excitation systems are known to be the most maintenance-intensive subsystems. Power plant reliability is greatly influenced by the maintenance activities carried out on various system equipment. Excitation systems, if not maintained properly, can be a major reason for unplanned outage hours of power plants. Hence, in order to prevent such outages, maintenance systems have to be revised adequately in order to ensure proper working of the systems. This is expected to hinder the growth of the excitation systems market.

Opportunities: Increasing investments in renewable energy, especially hydropower 

Increasing concerns related to global warming, carbon emissions, and rising pollution have motivated countries to move toward clean energy sources. Governments are implementing strategies to tackle these environmental issues. According to the IEA, renewables will overtake coal to become the largest source of electricity generation worldwide in 2025. By that time, renewables are expected to supply one-third of the world’s electricity. Hydropower will continue to supply almost half of the global renewable electricity. It is the largest source of renewable electricity worldwide, followed by wind and solar PV. Thus, these investments create opportunities for the  excitation systems market.

Challenges: Shortage of components/parts used in manufacturing excitation systems

The pandemic has slowed the growth of the power industry as more and more countries are resorting to lockdowns to prevent further spikes in the spread of the disease. The renewable energy industry, which until recently was growing at a rapid pace, has been witnessing slow growth during the past few months. This slowdown is mainly due to economic contractions, which have resulted in the reduction of power demand from various end-use industries. With the decrease in power demand, it is estimated that there would be very negligible investments from the utilities for replacing aging grid infrastructure and new renewable installations.

Excitation Systems Market Interconnection

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Brushless is expected to grow at the fastest rate for excitation systems market, by type, during the forecast period

The excitation systems market has been segmented, by type, into static and brushless. Brushless excitation systems segment is the  fastest growing market of the excitation systems market in 2020. 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.

The digital segment is projected to register a higher CAGR than the controller type segment during the forecast period

The report segments the excitation systems market by controller type into analog and digital. Digital control is estimated to be the fastest and the largest growing segment. Digital excitation 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.

By application, synchronous generators are expected to be the most significant contributor to the excitation systems market  during the forecast period

By application, the excitation systems market has been segmented into synchronous generators and synchronous motors. Synchronous generators are expected to be the largest and fastest growing segment during the forecast period. The synchronous generator is designed for feeding turbo-generator excitation winding with automatically regulated DC in generator operation. The generator system includes various functional systems such as a power circuit, automatic regulators, and protection and control systems. Rising demand for generators in hydropower generation is expected to support the demand for excitation systems.

Asia Pacific is expected to be the largest market during the forecast period.

In this report, the excitation systems market has been analyzed with respect to six regions, namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Asia Pacific is expected to be the largest and fastest-growing market for excitation systems during the forecast period. Also, rapidly growing renewable energy based capacity additions are expected to support the demand for excitation systems for synchronous machines in the coming years.

Excitation Systems Market by Region

Key Market Players

Some of the major players in the excitation systems market are ABB (Switzerland), Siemens Energy(Germany), General Electric (US), ANDRITZ Group (Austria), and Emerson (US).

Scope of the Report

Report Metric

Details

Market Size available for years

2016–2026

Base year considered

2020

Forecast period

2020–2026

Forecast units

Value (USD)

Segments covered

Type, Controller Type, Application,  End User and region

Geographies covered

Asia Pacific, North America, Europe, Middle East,  Africa, and South America

Companies covered

ABB (Switzerland), Siemens Energy (Germany),General Electric (US), ANDRITZ Group (Austria), Voith Group (Germany),  Nidec Corporation (Japan), KONČAR Group(Croatia), Emerson (US),  Melrose Industries PLC (UK), Mitsubishi Electric Corporation (Japan), WEG (Brazil),  Tenel, S.R.O. (Czech Republic), Basler Electric (US), Automation Electronics India (India), Amtech Power Ltd. (India),  Reivax (Brazil), Veo Oy (Finland), L & S Electric (US), PLUTON Group (Ukraine), NR Electric Co., Ltd, Birr Machines (Aargau), SVEA Power (Sweden) , Excitation & Engineering Services Ltd (UK) , Nelumbo Icona Controls Pvt. Ltd (India), F&S PROZESSAUTOMATION GmbH (Germany)

This research report categorizes the excitation systems market-based type, controller type, application,  end user and region.

 Based on component, the excitation systems market has been segmented as follows:

By Type

  • Static
  • Brushless

By Controller Type

  • Analog
  • Digital

By Application

  • Synchronous Generators
  • Synchronous Motors

By End User

  • Power Generation Industry
    • Hydroelectric Power Plants
    • Thermal Power Plants
  • Heavy Industries
    • Marine
    • Others
  • OEMs

By Region

  • North America
  • Asia Pacific
  • Europe
  • Middle East
  • Africa
  • South America

Recent Developments

  • In November 2020, Emerson was awarded a contract from Oklahoma Gas and Electric (OG&E) for the OG&E Redbud combined-cycle plant to upgrade and unify nine disparate control systems across four units. By installing Emerson’s Ovation technology at its Redbud combined-cycle power plant, Oklahoma Gas and Electric (OG&E) has realized numerous benefits, including the ability to cold start each unit 25 to 35 minutes faster, enabling the utility to more quickly generate megawatts while also reducing fuel costs.
  • In November 2020, ABB  won a contract to provide excitation systems and speed regulation for four generator units at the Governador Josι Richa hydropower plant on the Iguazu River. The solution helped Copel (Companhia Paranaense de Energia) to enhance the visibility of its operational data using predictive diagnostics.
  • In May 2020, ANDRITZ signed a contract with Companhia Hidrelιtrica do Sγo Francisco (CHESF) to perform complete modernization and digitalization of the Sobradinho hydropower plant located on the Sγo Francisco river, Brazil. The scope of supply comprises medium & low voltage cubicles, automation & control systems, spillway & water intake, conditioning monitoring system, HIPASE technology for synchronization, excitation, turbine governor and protection, repair service, transformers, cooling, and ventilation systems.
  • In March 2020, Nidec Leroy-Somer launched TAL 0473. The TAL 0473 delivers a nominal power between 400 and 660 kVA at 50 Hz (from 495 to 825 kVA at 60 Hz). The alternator features a SHUNT excitation system and an R150 regulator as standard.
  • In November 2019, Reivax (Canada) and General Electric (US) signed a contract with Seattle City Light (US) to supply static excitation systems for boundary dam power stations.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 EXCITATION SYSTEMS MARKET, BY APPLICATION:  INCLUSIONS & EXCLUSIONS
           1.2.2 EXCITATION SYSTEMS MARKET, BY END USER:  INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
    1.4 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
        FIGURE 1 EXCITATION SYSTEMS MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
    2.3 SCOPE
    2.4 IMPACT OF COVID-19 ON POWER INDUSTRY
    2.5 MARKET SIZE ESTIMATION
           2.5.1 BOTTOM-UP APPROACH
                 FIGURE 3 EXCITATION SYSTEMS MARKET: INDUSTRY-REGION/COUNTRY-WISE ANALYSIS
           2.5.2 TOP-DOWN APPROACH
                 FIGURE 4 EXCITATION SYSTEMS MARKET: TOP-DOWN APPROACH
    2.6 DEMAND-SIDE METRICS
        FIGURE 5 MAIN METRICS CONSIDERED WHILE CONSTRUCTING AND ASSESSING  DEMAND FOR EXCITATION SYSTEMS
           2.6.1 CALCULATION FOR DEMAND SIDE
           2.6.2 ASSUMPTIONS FOR DEMAND SIDE
    2.7 SUPPLY-SIDE ANALYSIS
        FIGURE 6 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF EXCITATION SYSTEMS
        FIGURE 7 EXCITATION SYSTEMS MARKET: SUPPLY-SIDE ANALYSIS, 2019
           2.7.1 CALCULATIONS FOR SUPPLY SIDE
           2.7.2 ASSUMPTIONS FOR SUPPLY SIDE
                    2.7.2.1 Key primary insights for supply side
    2.8 FORECAST

3 EXECUTIVE SUMMARY (Page No. - 45)
  TABLE 1 EXCITATION SYSTEMS MARKET SNAPSHOT
  FIGURE 8 ASIA PACIFIC DOMINATED EXCITATION SYSTEMS IN 2020
  FIGURE 9 BRUSHLESS EXCITATION SYSTEMS TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
  FIGURE 10 DIGITAL EXCITATION SYSTEMS TO HOLD COMMANDING POSITION DURING FORECAST PERIOD
  FIGURE 11 SYNCHRONOUS GENERATORS TO LEAD EXCITATION SYSTEMS MARKET FROM 2021 TO 2026
  FIGURE 12 ORIGINAL EQUIPMENT MANUFACTURERS TO COMMAND EXCITATION SYSTEMS MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES IN EXCITATION SYSTEMS MARKET, 2021–2026
        FIGURE 13 RISING DEMAND FOR SYNCHRONOUS MACHINES TO DRIVE EXCITATION SYSTEMS MARKET GROWTH
    4.2 EXCITATION SYSTEMS MARKET, BY TYPE
        FIGURE 14 BRUSHLESS EXCITATION SYSTEMS HELD LARGER MARKET SHARE IN 2020
    4.3 EXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE
        FIGURE 15 DIGITAL EXCITATION SYSTEMS CAPTURED LARGER MARKET SHARE THAN ANALOG EXCITATION SYSTEMS IN 2020
    4.4 EXCITATION SYSTEMS MARKET, BY END USER
        FIGURE 16 ORIGINAL EQUIPMENT MANUFACTURERS (OEMS) HELD LARGEST MARKET SHARE IN 2020
    4.5 EXCITATION SYSTEMS MARKET, BY REGION
        FIGURE 17 MARKET IN ASIA PACIFIC TO GROW AT FASTEST RATE DURING FORECAST PERIOD
    4.6 EXCITATION SYSTEMS MARKET IN ASIA PACIFIC,  BY APPLICATION & COUNTRY
        FIGURE 18 SYNCHRONOUS GENERATORS AND CHINA DOMINATED EXCITATION SYSTEMS MARKET IN ASIA PACIFIC IN 2020

5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
        FIGURE 19 COVID-19 GLOBAL PROPAGATION
        FIGURE 20 COVID-19 PROPAGATION IN SELECTED COUNTRIES
    5.3 ROAD TO RECOVERY
        FIGURE 21 RECOVERY ROAD FOR 2020 & 2021
    5.4 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 22 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
        FIGURE 23 EXCITATION SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Increase in demand for uninterrupted and reliable power supply in several industries
                            FIGURE 24 ELECTRICITY DEMAND, BY SECTOR: STATED POLICIES SCENARIO, 2018–2040
                    5.5.1.2 Rise in demand for synchronous machines by industrial users to ensure uninterrupted power supply for efficient production
                    5.5.1.3 Advantages of synchronous machines, for example, energy conservation and ability to improve system power factor
           5.5.2 RESTRAINTS
                    5.5.2.1 Complex design leading to difficulty in maintenance of excitation systems
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Increasing investments in renewable energy projects, especially in hydropower sector
                            FIGURE 25 RENEWABLE POWER INVESTMENTS, 2012–2020
                    5.5.3.2 Growing adoption of high-voltage direct-current (HVDC) technology in synchronous machines
           5.5.4 CHALLENGES
                    5.5.4.1 Shortage of components/parts used in manufacturing excitation systems
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS
           5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN EXCITATION SYSTEMS MARKET
                 FIGURE 26 REVENUE SHIFT FOR EXCITATION SYSTEMS MARKET PLAYERS
    5.7 SUPPLY CHAIN ANALYSIS
        FIGURE 27 EXCITATION SYSTEMS: SUPPLY CHAIN
        TABLE 2 SUPPLY CHAIN PARTICIPANTS IN EXCITATION SYSTEMS MARKET
           5.7.1 RAW MATERIAL PROVIDERS/SUPPLIERS
           5.7.2 COMPONENT MANUFACTURERS
           5.7.3 EXCITATION SYSTEM MANUFACTURERS/ASSEMBLERS
           5.7.4 END USERS
    5.8 MARKET MAP
        FIGURE 28 EXCITATION SYSTEMS: MARKET MAP
    5.9 AVERAGE PRICING OF EXCITATION SYSTEMS
    5.10 TRADE DATA STATISTICS
         TABLE 3 REGION-WISE IMPORT DATA, 2018–2019 (USD MILLION)
         TABLE 4 REGION-WISE EXPORT DATA, 2018–2019 (USD MILLION)
    5.11 PORTER’S FIVE FORCES ANALYSIS
         FIGURE 29 EXCITATION SYSTEMS MARKET: PORTER’S FIVE FORCES ANALYSIS
         TABLE 5 EXCITATION SYSTEMS MARKET: PORTER’S FIVE FORCES
           5.11.1 THREAT OF NEW ENTRANTS
           5.11.2 THREAT OF SUBSTITUTES
           5.11.3 BARGAINING POWER OF SUPPLIERS
           5.11.4 BARGAINING POWER OF BUYERS
           5.11.5 INTENSITY OF RIVALRY
    5.12 TECHNOLOGY ANALYSIS
           5.12.1 TECHNOLOGY TRENDS FOR EXCITATION SYSTEMS
    5.13 EXCITATION SYSTEMS: CODES AND REGULATIONS
    5.14 EXCITATION SYSTEMS: PATENT ANALYSIS
           5.14.1 INNOVATIONS & PATENT REGISTRATION
                  TABLE 6 IMPORTANT INNOVATION & PATENT REGISTRATION, 2016–2020
    5.15 CASE STUDY ANALYSIS
           5.15.1 EXCITATION SYSTEMS FOR HYDROPOWER PLANT
                    5.15.1.1 Reivax introduced static excitation systems for 826-MVA project

6 EXCITATION SYSTEMS MARKET, BY TYPE (Page No. - 71)
    6.1 INTRODUCTION
        FIGURE 30 BRUSHLESS EXCITATION SYSTEMS LED MARKET IN 2020
        TABLE 7 EXCITATION SYSTEMS MARKET, BY TYPE, 2016–2019 (USD BILLION)
        TABLE 8 EXCITATION SYSTEMS MARKET, BY TYPE, 2020–2026 (USD BILLION)
    6.2 STATIC
           6.2.1 INCREASED NEED FOR HIGH-PERFORMANCE AND FAST-RESPONSE EXCITATION SYSTEMS
                 TABLE 9 STATIC EXCITATION SYSTEMS MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 10 STATIC EXCITATION SYSTEMS MARKET, BY REGION, 2020–2025 (USD MILLION)
    6.3 BRUSHLESS
           6.3.1 LOW MAINTENANCE AND HIGH RELIABILITY OF BRUSHLESS EXCITATION SYSTEMS
                 TABLE 11 BRUSHLESS EXCITATION SYSTEMS MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 12 BRUSHLESS EXCITATION SYSTEMS MARKET, BY REGION, 2020–2025 (USD MILLION)

7 EXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE (Page No. - 75)
    7.1 INTRODUCTION
        FIGURE 31 DIGITAL CONTROL SYSTEMS DOMINATED EXCITATION SYSTEMS MARKET IN 2020
        TABLE 13 EXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2016–2019 (USD BILLION)
        TABLE 14 EXCITATION SYSTEMS MARKET, BY CONTROLLER TYPE, 2020–2026 (USD BILLION)
    7.2 ANALOG
           7.2.1 RELIABILITY OF ANALOG EXCITATION SYSTEMS TO MODERATELY DRIVE MARKET GROWTH IN COMING YEARS
                 TABLE 15 ANALOG EXCITATION SYSTEMS MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 16 ANALOG EXCITATION SYSTEMS MARKET, BY REGION, 2020–2026 (USD MILLION)
    7.3 DIGITAL
           7.3.1 REPLACEMENT OF ANALOG EXCITATION SYSTEMS WITH DIGITAL EXCITATION SYSTEMS TO FUEL MARKET GROWTH
                 TABLE 17 DIGITAL EXCITATION SYSTEMS MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 18 DIGITAL EXCITATION SYSTEMS MARKET, BY REGION, 2020–2026 (USD MILLION)

8 EXCITATION SYSTEMS MARKET, BY APPLICATION (Page No. - 80)
    8.1 INTRODUCTION
        FIGURE 32 SYNCHRONOUS GENERATORS DOMINATED  EXCITATION SYSTEMS MARKET,  BY APPLICATION, IN 2020
        TABLE 19 EXCITATION SYSTEMS MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
        TABLE 20 EXCITATION SYSTEMS MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
    8.2 SYNCHRONOUS GENERATORS
           8.2.1 INCREASING FOCUS ON IMPROVING STABILITY OF POWER SYSTEMS
                 TABLE 21 EXCITATION SYSTEMS MARKET FOR SYNCHRONOUS GENERATORS, BY REGION,  2016–2019 (USD MILLION)
                 TABLE 22 EXCITATION SYSTEMS MARKET FOR SYNCHRONOUS GENERATORS, BY REGION,  2020–2026 (USD MILLION)
    8.3 SYNCHRONOUS MOTORS
           8.3.1 SURGING DEMAND FOR SYNCHRONOUS MOTORS BY HEAVY INDUSTRIES
                 TABLE 23 EXCITATION SYSTEMS MARKET FOR SYNCHRONOUS MOTORS, BY REGION,  2016–2019 (USD MILLION)
                 TABLE 24 EXCITATION SYSTEMS MARKET FOR SYNCHRONOUS MOTORS, BY REGION,  2020–2026 (USD MILLION)

9 EXCITATION SYSTEMS MARKET, BY END USER (Page No. - 85)
    9.1 INTRODUCTION
        FIGURE 33 ORIGINAL EQUIPMENT MANUFACTURERS COMMANDED EXCITATION SYSTEMS MARKET IN 2020
        TABLE 25 EXCITATION SYSTEMS MARKET, BY END USER, 2019–2026 (USD BILLION)
    9.2 POWER GENERATION INDUSTRY
        TABLE 26 EXCITATION SYSTEMS MARKET FOR POWER GENERATION INDUSTRY, BY REGION,  2019–2026 (USD MILLION)
        TABLE 27 EXCITATION SYSTEMS MARKET FOR POWER GENERATION INDUSTRY, BY TYPE,  2019–2026 (USD MILLION)
           9.2.1 HYDROELECTRIC POWER PLANTS
                    9.2.1.1 Increased focus on expanding hydropower installed capacity propelled  market growth
                            TABLE 28 EXCITATION SYSTEMS MARKET FOR HYDROELECTRIC POWER PLANTS, BY REGION,  2019–2026 (USD MILLION)
           9.2.2 THERMAL POWER PLANTS
                    9.2.2.1 Urgent need to upgrade aging electric infrastructure drives market growth
                            TABLE 29 EXCITATION SYSTEMS MARKET FOR THERMAL POWER PLANTS, BY REGION,  2019–2026 (USD MILLION)
    9.3 HEAVY INDUSTRIES
        TABLE 30 EXCITATION SYSTEMS MARKET FOR HEAVY INDUSTRIES, BY REGION, 2019–2026 (USD MILLION)
        TABLE 31 EXCITATION SYSTEMS MARKET FOR HEAVY INDUSTRIES, BY TYPE, 2019–2026 (USD MILLION)
           9.3.1 MARINE
                    9.3.1.1 Growing number of commercial vessels for maritime freight transport to spur demand for excitation systems
                            TABLE 32 EXCITATION SYSTEMS MARKET FOR MARINE INDUSTRY, BY REGION, 2019–2026 (USD MILLION)
           9.3.2 OTHERS
                 TABLE 33 EXCITATION SYSTEMS MARKET FOR OTHER HEAVY INDUSTRIES, BY REGION,  2019–2026 (USD MILLION)
    9.4 ORIGINAL EQUIPMENT MANUFACTURERS
           9.4.1 SURGING DEMAND FOR SYNCHRONOUS MACHINES TO PROMOTE MARKET GROWTH
                 TABLE 34 EXCITATION SYSTEMS MARKET FOR OEMS, BY REGION, 2019–2026 (USD MILLION)

10 GEOGRAPHIC ANALYSIS (Page No. - 94)
     10.1 INTRODUCTION
          FIGURE 34 EXCITATION SYSTEMS MARKET, BY REGION, 2020
          FIGURE 35 REGIONAL SNAPSHOT: ASIA PACIFIC TO REGISTER HIGHEST CAGR IN EXCITATION SYSTEMS MARKET DURING FORECAST PERIOD
          TABLE 35 EXCITATION SYSTEMS MARKET, BY REGION, 2016–2019 (USD MILLION)
          TABLE 36 EXCITATION SYSTEMS MARKET, BY REGION, 2020–2026 (USD MILLION)
     10.2 ASIA PACIFIC
             10.2.1 IMPACT OF COVID-19 ON EXCITATION SYSTEMS MARKET IN ASIA PACIFIC
                    FIGURE 36 ASIA PACIFIC: EXCITATION SYSTEMS MARKET SNAPSHOT
             10.2.2 BY TYPE
                    TABLE 37 EXCITATION SYSTEMS MARKET IN ASIA PACIFIC, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 38 EXCITATION SYSTEMS MARKET IN ASIA PACIFIC, BY TYPE, 2020–2026 (USD MILLION)
             10.2.3 BY CONTROLLER TYPE
                    TABLE 39 EXCITATION SYSTEMS MARKET IN ASIA PACIFIC, BY CONTROLLER TYPE,  2016–2019 (USD MILLION)
                    TABLE 40 EXCITATION SYSTEMS MARKET IN ASIA PACIFIC, BY CONTROLLER TYPE,  2020–2026 (USD MILLION)
             10.2.4 BY APPLICATION
                    TABLE 41 EXCITATION SYSTEMS MARKET IN ASIA PACIFIC, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 42 EXCITATION SYSTEMS MARKET IN ASIA PACIFIC, BY APPLICATION, 2020–2026 (USD MILLION)
             10.2.5 BY END USER
                    TABLE 43 EXCITATION SYSTEMS MARKET IN ASIA PACIFIC, BY END USER, 2019–2026 (USD MILLION)
                        10.2.5.1 By power generation industry
                                 TABLE 44 EXCITATION SYSTEMS MARKET IN ASIA PACIFIC FOR POWER GENERATION INDUSTRY,  BY TYPE, 2019–2026 (USD MILLION)
                        10.2.5.2 By heavy industries
                                 TABLE 45 EXCITATION SYSTEMS MARKET IN ASIA PACIFIC FOR HEAVY INDUSTRIES, BY TYPE,  2019–2026 (USD MILLION)
             10.2.6 BY COUNTRY
                    TABLE 46 EXCITATION SYSTEMS MARKET IN ASIA PACIFIC, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 47 EXCITATION SYSTEMS MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2026 (USD MILLION)
                        10.2.6.1 China
                                     10.2.6.1.1 Government reforms and policies to speed up clean energy transformation
                                                TABLE 48 EXCITATION SYSTEMS MARKET IN CHINA, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 49 EXCITATION SYSTEMS MARKET IN CHINA, BY TYPE,  2020–2026 (USD MILLION)
                        10.2.6.2 India
                                     10.2.6.2.1 Government investments in hydropower plants
                                                TABLE 50 EXCITATION SYSTEMS MARKET IN INDIA, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 51 EXCITATION SYSTEMS MARKET IN INDIA, BY TYPE, 2020–2026 (USD MILLION)
                        10.2.6.3 Japan
                                     10.2.6.3.1 High demand for synchronous machines in marine industry
                                                TABLE 52 EXCITATION SYSTEMS MARKET IN JAPAN, BY TYPE,  2016–2019 (USD MILLION)
                                                TABLE 53 EXCITATION SYSTEMS MARKET IN JAPAN, BY TYPE, 2020–2026 (USD MILLION)
                        10.2.6.4 South Korea
                                     10.2.6.4.1 Increased requirement for high-efficiency equipment to reduce carbon emissions
                                                TABLE 54 EXCITATION SYSTEMS MARKET IN SOUTH KOREA, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 55 EXCITATION SYSTEMS MARKET IN SOUTH KOREA, BY TYPE,  2020–2026 (USD MILLION)
                        10.2.6.5 Australia
                                     10.2.6.5.1 Massive investment in mining industry
                                                TABLE 56 EXCITATION SYSTEMS MARKET IN AUSTRALIA, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 57 EXCITATION SYSTEMS MARKET IN AUSTRALIA, BY TYPE, 2020–2026 (USD MILLION)
                        10.2.6.6 Rest of Asia Pacific
                                 TABLE 58 EXCITATION SYSTEMS MARKET IN REST OF ASIA PACIFIC, BY TYPE,  2016–2019 (USD MILLION)
                                 TABLE 59 EXCITATION SYSTEMS MARKET IN REST OF ASIA PACIFIC, BY TYPE,  2020–2026 (USD MILLION)
     10.3 NORTH AMERICA
             10.3.1 IMPACT OF COVID-19 ON EXCITATION SYSTEMS MARKET IN NORTH AMERICA
                    FIGURE 37 NORTH AMERICA: EXCITATION SYSTEMS MARKET SNAPSHOT
             10.3.2 BY TYPE
                    TABLE 60 EXCITATION SYSTEMS MARKET IN NORTH AMERICA, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 61 EXCITATION SYSTEMS MARKET IN NORTH AMERICA, BY TYPE, 2020–2026 (USD MILLION)
             10.3.3 BY CONTROLLER TYPE
                    TABLE 62 EXCITATION SYSTEMS MARKET IN NORTH AMERICA, BY CONTROLLER TYPE,  2016–2019 (USD MILLION)
                    TABLE 63 EXCITATION SYSTEMS MARKET IN NORTH AMERICA, BY CONTROLLER TYPE,  2020–2026 (USD MILLION)
             10.3.4 BY APPLICATION
                    TABLE 64 EXCITATION SYSTEMS MARKET IN NORTH AMERICA, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 65 EXCITATION SYSTEMS MARKET IN NORTH AMERICA, BY APPLICATION,  2020–2026 (USD MILLION)
             10.3.5 BY END USER
                    TABLE 66 EXCITATION SYSTEMS MARKET IN NORTH AMERICA, BY END USER,  2019–2026 (USD MILLION)
                        10.3.5.1 By power generation industry
                                 TABLE 67 EXCITATION SYSTEMS MARKET IN NORTH AMERICA FOR POWER GENERATION INDUSTRY, BY TYPE, 2019–2026 (USD MILLION)
                        10.3.5.2 BY heavy industries
                                 TABLE 68 EXCITATION SYSTEMS MARKET IN NORTH AMERICA FOR HEAVY INDUSTRIES,  BY TYPE,2019–2026 (USD MILLION)
             10.3.6 BY COUNTRY
                    TABLE 69 EXCITATION SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 70 EXCITATION SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2026 (USD MILLION)
                        10.3.6.1 US
                                     10.3.6.1.1 Increasing investment in building and refurbishing hydroelectric generation stations boosts market growth
                                                TABLE 71 EXCITATION SYSTEMS MARKET IN US, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 72 EXCITATION SYSTEMS MARKET IN US, BY TYPE, 2020–2026 (USD MILLION)
                        10.3.6.2 Canada
                                     10.3.6.2.1 Surging demand for synchronous machines in oil & gas to propel market growth
                                                TABLE 73 EXCITATION SYSTEMS MARKET IN CANADA, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 74 EXCITATION SYSTEMS MARKET IN CANADA, BY TYPE, 2020–2026 (USD MILLION)
                        10.3.6.3 Mexico
                                     10.3.6.3.1 Booming industrial sector to boost demand for excitation systems
                                                TABLE 75 EXCITATION SYSTEMS MARKET IN MEXICO, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 76 EXCITATION SYSTEMS MARKET IN MEXICO, BY TYPE, 2020–2026 (USD MILLION)
     10.4 EUROPE
             10.4.1 IMPACT OF COVID-19 ON EXCITATION SYSTEMS MARKET IN EUROPE
             10.4.2 BY TYPE
                    TABLE 77 EXCITATION SYSTEMS MARKET IN EUROPE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 78 EXCITATION SYSTEMS MARKET IN EUROPE, BY TYPE, 2020–2026 (USD MILLION)
             10.4.3 BY CONTROLLER TYPE
                    TABLE 79 EXCITATION SYSTEMS MARKET IN EUROPE, BY CONTROLLER TYPE,  2016–2019 (USD MILLION)
                    TABLE 80 EXCITATION SYSTEMS MARKET IN EUROPE, BY CONTROLLER TYPE, 2020–2026 (USD MILLION)
             10.4.4 BY APPLICATION
                    TABLE 81 EXCITATION SYSTEMS MARKET IN EUROPE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 82 EXCITATION SYSTEMS MARKET IN EUROPE, BY APPLICATION, 2020–2026 (USD MILLION)
             10.4.5 BY END USER
                    TABLE 83 EXCITATION SYSTEMS MARKET IN EUROPE, BY END USER, 2019–2026 (USD MILLION)
                        10.4.5.1 By power generation industry
                                 TABLE 84 EXCITATION SYSTEMS MARKET IN EUROPE FOR POWER GENERATION INDUSTRY, BY TYPE, 2019–2026 (USD MILLION)
                        10.4.5.2 By heavy industries
                                 TABLE 85 EXCITATION SYSTEMS MARKET IN EUROPE FOR HEAVY INDUSTRIES, BY TYPE,  2019–2026 (USD MILLION)
             10.4.6 BY COUNTRY
                    TABLE 86 EXCITATION SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 87 EXCITATION SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2020–2026 (USD MILLION)
                        10.4.6.1 Russia
                                     10.4.6.1.1 Substantial investments in T&D sector
                                                TABLE 88 EXCITATION SYSTEMS MARKET IN RUSSIA, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 89 EXCITATION SYSTEMS MARKET IN RUSSIA, BY TYPE, 2020–2026 (USD MILLION)
                        10.4.6.2 Germany
                                     10.4.6.2.1 Strong focus on development of manufacturing sector
                                                TABLE 90 EXCITATION SYSTEMS MARKET IN GERMANY, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 91 EXCITATION SYSTEMS MARKET IN GERMANY, BY TYPE, 2020–2026 (USD MILLION)
                        10.4.6.3 UK
                                     10.4.6.3.1 Government initiative to improve maritime trade
                                                TABLE 92 EXCITATION SYSTEMS MARKET IN UK, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 93 EXCITATION SYSTEMS MARKET IN UK, BY TYPE, 2020–2026 (USD MILLION)
                        10.4.6.4 Italy
                                     10.4.6.4.1 Thriving industrial sector in Italy
                                                TABLE 94 EXCITATION SYSTEMS MARKET IN ITALY, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 95 EXCITATION SYSTEMS MARKET IN ITALY, BY TYPE, 2020–2026 (USD MILLION)
                        10.4.6.5 Norway
                                     10.4.6.5.1 High dependence on hydroelectric power plants
                                                TABLE 96 EXCITATION SYSTEMS MARKET IN NORWAY, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 97 EXCITATION SYSTEMS MARKET IN NORWAY, BY TYPE, 2020–2026 (USD MILLION)
                        10.4.6.6 Rest of Europe
                                 TABLE 98 EXCITATION SYSTEMS MARKET IN REST OF EUROPE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 99 EXCITATION SYSTEMS MARKET IN REST OF EUROPE, BY TYPE,  2020–2026 (USD MILLION)
     10.5 SOUTH AMERICA
             10.5.1 IMPACT OF COVID-19 ON EXCITATION SYSTEMS MARKET IN SOUTH AMERICA
             10.5.2 BY TYPE
                    TABLE 100 EXCITATION SYSTEMS MARKET IN SOUTH AMERICA, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 101 EXCITATION SYSTEMS MARKET IN SOUTH AMERICA, BY TYPE, 2020–2026 (USD MILLION)
             10.5.3 BY CONTROLLER TYPE
                    TABLE 102 EXCITATION SYSTEMS MARKET IN SOUTH AMERICA, BY CONTROLLER TYPE,  2016–2019 (USD MILLION)
                    TABLE 103 EXCITATION SYSTEMS MARKET IN SOUTH AMERICA, BY CONTROLLER TYPE,  2020–2026 (USD MILLION)
             10.5.4 BY APPLICATION
                    TABLE 104 EXCITATION SYSTEMS MARKET IN SOUTH AMERICA, BY APPLICATION,  2016–2019 (USD MILLION)
                    TABLE 105 EXCITATION SYSTEMS MARKET IN SOUTH AMERICA, BY APPLICATION,  2020–2026 (USD MILLION)
             10.5.5 BY END USER
                    TABLE 106 EXCITATION SYSTEMS MARKET IN SOUTH AMERICA, BY END USER, 2019–2026 (USD MILLION)
                        10.5.5.1 By power generation industry
                                 TABLE 107 EXCITATION SYSTEMS MARKET IN SOUTH AMERICA FOR POWER GENERATION INDUSTRY, BY TYPE, 2019–2026 (USD MILLION)
                        10.5.5.2 BY heavy industries
                                 TABLE 108 EXCITATION SYSTEMS MARKET IN SOUTH AMERICA FOR HEAVY INDUSTRIES, BY TYPE, 2019–2026 (USD MILLION)
             10.5.6 BY COUNTRY
                    TABLE 109 EXCITATION SYSTEMS MARKET IN SOUTH AMERICA, BY COUNTRY,  2016–2019 (USD MILLION)
                    TABLE 110 EXCITATION SYSTEMS MARKET IN SOUTH AMERICA, BY COUNTRY, 2020–2026 (USD MILLION)
                        10.5.6.1 Brazil
                                     10.5.6.1.1 Increasing investments in oil & gas and hydropower projects to fuel demand for excitation systems
                                                TABLE 111 EXCITATION SYSTEMS MARKET IN BRAZIL, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 112 EXCITATION SYSTEMS MARKET IN BRAZIL, BY TYPE, 2020–2026 (USD MILLION)
                        10.5.6.2 Argentina
                                     10.5.6.2.1 Growing dependence on thermal power and surging naval budgets to support excitation systems market growth
                                                TABLE 113 EXCITATION SYSTEMS MARKET IN ARGENTINA, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 114 EXCITATION SYSTEMS MARKET IN ARGENTINA, BY TYPE, 2020–2026 (USD MILLION)
                        10.5.6.3 Rest of South America
                                 TABLE 115 EXCITATION SYSTEMS MARKET IN REST OF SOUTH AMERICA, BY TYPE,  2016–2019 (USD MILLION)
                                 TABLE 116 EXCITATION SYSTEMS MARKET IN REST OF SOUTH AMERICA, BY TYPE,  2020–2026 (USD MILLION)
     10.6 MIDDLE EAST
             10.6.1 IMPACT OF COVID-19 ON EXCITATION SYSTEMS MARKET IN MIDDLE EAST
             10.6.2 BY TYPE
                    TABLE 117 EXCITATION SYSTEMS MARKET IN MIDDLE EAST, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 118 EXCITATION SYSTEMS MARKET IN MIDDLE EAST, BY TYPE, 2020–2026 (USD MILLION)
             10.6.3 BY CONTROLLER TYPE
                    TABLE 119 EXCITATION SYSTEMS MARKET IN MIDDLE EAST, BY CONTROLLER TYPE,  2016–2019 (USD MILLION)
                    TABLE 120 EXCITATION SYSTEMS MARKET IN MIDDLE EAST, BY CONTROLLER TYPE,  2020–2026 (USD MILLION)
             10.6.4 BY APPLICATION
                    TABLE 121 EXCITATION SYSTEMS MARKET IN MIDDLE EAST, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 122 EXCITATION SYSTEMS MARKET IN MIDDLE EAST, BY APPLICATION, 2020–2026 (USD MILLION)
             10.6.5 BY END USER
                    TABLE 123 EXCITATION SYSTEMS MARKET IN MIDDLE EAST, BY END USER, 2019–2026 (USD MILLION)
                        10.6.5.1 By power generation industry
                                 TABLE 124 EXCITATION SYSTEMS MARKET IN MIDDLE EAST FOR POWER GENERATION INDUSTRY,  BY TYPE, 2019–2026 (USD MILLION)
                        10.6.5.2 BY heavy industries
                                 TABLE 125 EXCITATION SYSTEMS MARKET IN MIDDLE EAST FOR HEAVY INDUSTRIES, BY TYPE,  2019–2026 (USD MILLION)
             10.6.6 BY COUNTRY
                    TABLE 126 EXCITATION SYSTEMS MARKET IN MIDDLE EAST, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 127 EXCITATION SYSTEMS MARKET IN MIDDLE EAST, BY COUNTRY, 2020–2026 (USD MILLION)
                        10.6.6.1 Saudi Arabia
                                     10.6.6.1.1 Government initiatives to meet rising demand for energy to foster  market growth
                                                TABLE 128 EXCITATION SYSTEMS MARKET IN SAUDI ARABIA, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 129 EXCITATION SYSTEMS MARKET IN SAUDI ARABIA, BY TYPE, 2020–2026 (USD MILLION)
                        10.6.6.2 Oman
                                     10.6.6.2.1 Thriving oil & gas sector to encourage demand for excitation systems
                                                TABLE 130 EXCITATION SYSTEMS MARKET IN OMAN, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 131 EXCITATION SYSTEMS MARKET IN OMAN, BY TYPE, 2020–2026 (USD MILLION)
                        10.6.6.3 Qatar
                                     10.6.6.3.1 Huge investment in heavy industries to fuel market growth
                                                TABLE 132 EXCITATION SYSTEMS MARKET IN QATAR, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 133 EXCITATION SYSTEMS MARKET IN QATAR, BY TYPE, 2020–2026 (USD MILLION)
                        10.6.6.4 UAE
                                     10.6.6.4.1 Government initiatives toward digitalization for energy conservation to accelerate demand for excitation systems
                                                TABLE 134 EXCITATION SYSTEMS MARKET IN UAE, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 135 EXCITATION SYSTEMS MARKET IN UAE, BY TYPE, 2020–2026 (USD MILLION)
                        10.6.6.5 Rest of Middle East
                                 TABLE 136 EXCITATION SYSTEMS MARKET IN REST OF MIDDLE EAST, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 137 EXCITATION SYSTEMS MARKET IN REST OF MIDDLE EAST, BY TYPE, 2020–2026 (USD MILLION)
     10.7 AFRICA
             10.7.1 IMPACT OF COVID-19 ON EXCITATION SYSTEMS MARKET IN AFRICA
             10.7.2 BY TYPE
                    TABLE 138 EXCITATION SYSTEMS MARKET IN AFRICA, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 139 EXCITATION SYSTEMS MARKET IN AFRICA, BY TYPE, 2020–2026 (USD MILLION)
             10.7.3 BY CONTROLLER TYPE
                    TABLE 140 EXCITATION SYSTEMS MARKET IN AFRICA, BY CONTROLLER TYPE,  2016–2019 (USD MILLION)
                    TABLE 141 EXCITATION SYSTEMS MARKET IN AFRICA, BY CONTROLLER TYPE, 2020–2026 (USD MILLION)
             10.7.4 BY APPLICATION
                    TABLE 142 EXCITATION SYSTEMS MARKET IN AFRICA, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 143 EXCITATION SYSTEMS MARKET IN AFRICA, BY APPLICATION, 2020–2026 (USD MILLION)
             10.7.5 BY END USER
                    TABLE 144 EXCITATION SYSTEMS MARKET IN AFRICA, BY END USER, 2019–2026 (USD MILLION)
                        10.7.5.1 By power generation industry
                                 TABLE 145 EXCITATION SYSTEMS MARKET IN AFRICA FOR POWER GENERATION INDUSTRY, BY TYPE, 2020–2026 (USD MILLION)
                        10.7.5.2 By heavy industries
                                 TABLE 146 EXCITATION SYSTEMS MARKET IN AFRICA FOR HEAVY INDUSTRIES, BY TYPE,  2019–2026 (USD MILLION)
             10.7.6 BY COUNTRY
                    TABLE 147 EXCITATION SYSTEMS MARKET IN AFRICA, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 148 EXCITATION SYSTEMS MARKET IN AFRICA, BY COUNTRY,  2020–2026 (USD MILLION)
                        10.7.6.1 Egypt
                                     10.7.6.1.1 Significant investment in oil & gas and intense need to meet increasing power demand
                                                TABLE 149 EXCITATION SYSTEMS MARKET IN EGYPT, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 150 EXCITATION SYSTEMS MARKET IN EGYPT, BY TYPE, 2020–2026 (USD MILLION)
                        10.7.6.2 South Africa
                                     10.7.6.2.1 Urgent need to upgrade power infrastructure to prevent power outages
                                                TABLE 151 EXCITATION SYSTEMS MARKET IN SOUTH AFRICA, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 152 EXCITATION SYSTEMS MARKET IN SOUTH AFRICA, BY TYPE, 2020–2026 (USD MILLION)
                        10.7.6.3 Nigeria
                                     10.7.6.3.1 Supportive hydro power policies of government
                                                TABLE 153 EXCITATION SYSTEMS MARKET IN NIGERIA, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 154 EXCITATION SYSTEMS MARKET IN NIGERIA, BY TYPE,  2020–2026 (USD MILLION)
                        10.7.6.4 Algeria
                                     10.7.6.4.1 Increased power demand in country
                                                TABLE 155 EXCITATION SYSTEMS MARKET IN ALGERIA, BY TYPE, 2016–2019 (USD MILLION)
                                                TABLE 156 EXCITATION SYSTEMS MARKET IN ALGERIA, BY TYPE, 2020–2026 (USD MILLION)
                        10.7.6.5 Rest of Africa
                                 TABLE 157 EXCITATION SYSTEMS MARKET IN REST OF AFRICA, BY TYPE,  2016–2019 (USD MILLION)
                                 TABLE 158 EXCITATION SYSTEMS MARKET IN REST OF AFRICA, BY TYPE, 2020–2026 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 151)
     11.1 KEY PLAYERS’ STRATEGIES
          FIGURE 38 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2020
     11.2 SHARE ANALYSIS OF TOP 5 PLAYERS
          TABLE 159 EXCITATION SYSTEMS MARKET: DEGREE OF COMPETITION
          FIGURE 39 EXCITATION SYSTEM MARKET SHARE ANALYSIS, 2019
     11.3 MARKET EVALUATION FRAMEWORK
          TABLE 160 MARKET EVALUATION FRAMEWORK, 2018–2020
     11.4 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
          FIGURE 40 TOP 5 PLAYERS DOMINATED MARKET IN LAST 5 YEARS
     11.5 COMPANY EVALUATION QUADRANT
             11.5.1 STAR
             11.5.2 EMERGING LEADER
             11.5.3 PERVASIVE
             11.5.4 PARTICIPANT
                    FIGURE 41 COMPETITIVE LEADERSHIP MAPPING: EXCITATION SYSTEMS MARKET, 2019
                    TABLE 161 COMPANY APPLICATION FOOTPRINT
                    TABLE 162 COMPANY END USER FOOTPRINT
                    TABLE 163 COMPANY REGION FOOTPRINT
     11.6 COMPETITIVE SCENARIO
          TABLE 164 EXCITATION SYSTEMS MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2018–DECEMBER 2020
          TABLE 165 EXCITATION SYSTEMS MARKET: DEALS, JANUARY 2018–DECEMBER 2020

12 COMPANY PROFILES (Page No. - 162)
     12.1 MAJOR PLAYERS
             12.1.1 ABB
(Business and financial overview, Products offered, Recent developments, MnM view, Key strengths/Right to win, Strategic choices made, and Weaknesses and competitive threats)*
                    TABLE 166 ABB: BUSINESS OVERVIEW
                    FIGURE 42 ABB: COMPANY SNAPSHOT
             12.1.2 GENERAL ELECTRIC
                    TABLE 167 GENERAL ELECTRIC: BUSINESS OVERVIEW
                    FIGURE 43 GENERAL ELECTRIC: COMPANY SNAPSHOT
             12.1.3 SIEMENS ENERGY
                    TABLE 168 SIEMENS ENERGY: BUSINESS OVERVIEW
                    FIGURE 44 SIEMENS ENERGY: COMPANY SNAPSHOT
             12.1.4 EMERSON
                    TABLE 169 EMERSON: BUSINESS OVERVIEW
                    FIGURE 45 EMERSON: COMPANY SNAPSHOT
             12.1.5 ANDRITZ GROUP
                    TABLE 170 ANDRITZ GROUP: BUSINESS OVERVIEW
                    FIGURE 46 ANDRITZ GROUP: COMPANY SNAPSHOT
             12.1.6 NIDEC CORPORATION
                    TABLE 171 NIDEC CORPORATION: BUSINESS OVERVIEW
                    FIGURE 47 NIDEC CORPORATION: COMPANY SNAPSHOT
             12.1.7 MELROSE INDUSTRIES PLC
                    TABLE 172 MELROSE INDUSTRIES PLC: BUSINESS OVERVIEW
                    FIGURE 48 MELROSE INDUSTRIES PLC: COMPANY SNAPSHOT
             12.1.8 VOITH GROUP
                    TABLE 173 VOITH GROUP: BUSINESS OVERVIEW
                    FIGURE 49 VOITH GROUP: COMPANY SNAPSHOT
             12.1.9 KONČAR GROUP
                    TABLE 174 KONČAR GROUP: BUSINESS OVERVIEW
                    FIGURE 50 KONČAR GROUP: COMPANY SNAPSHOT
             12.1.10 MITSUBISHI ELECTRIC CORPORATION
                     TABLE 175 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW
                     FIGURE 51 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
             12.1.11 WEG
                     TABLE 176 WEG: BUSINESS OVERVIEW
                     FIGURE 52 WEG: COMPANY SNAPSHOT
             12.1.12 BASLER ELECTRIC
             12.1.13 AMTECH POWER
             12.1.14 VEO OY
             12.1.15 TENEL, S.R.O.
                     TABLE 177 TENEL, S.R.O.: BUSINESS OVERVIEW,2020
     12.2 OTHER PLAYERS
             12.2.1 REIVAX
             12.2.2 BIRR MACHINES AG
             12.2.3 EXCITATION & ENGINEERING SERVICES LTD.
             12.2.4 NELUMBO ICONA CONTROLS PVT. LTD.
             12.2.5 SVEA POWER

*Details on Business and financial overview, Products offered, Recent developments, MnM view, Key strengths/Right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 206)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

This study involved four major activities in estimating the current size of the excitation systemsmarket. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global excitation systems market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The excitation systems market comprises several stakeholders, such as end-product manufacturers, service providers, and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as upstream/oilfield operators, and others. The supply-side is characterized by excitation systems service providers, tool providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Excitation Systems Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global excitation systems market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Excitation Systems Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the oil & gas upstream sector.

Report Objectives

  • To define, describe, segment, and forecast the excitation systems market size, by type, controller type, application, end user, and region, in terms of value
  • To provide detailed information regarding major factors, namely, drivers, restraints, opportunities, and challenges that influence market growth
  • To strategically analyze the excitation systems market with respect to individual growth trends, future expansions, and contribution of each segment to the market
  • To provide a detailed analysis of the impact of the COVID-19 pandemic on the excitation systems market and an estimation of the market size
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the growth of the excitation systems market with respect to key regions—Asia Pacific, Europe, North America, South America, the Middle East, and Africa
  • To provide detailed information regarding Porter’s five forces analysis, supply chain analysis, product pricing trade analysis, revenue shift trend pertaining to the excitation systems market
  • To strategically profile the key players and comprehensively analyze their market rankings and core competencies*
  • To analyze competitive developments in the excitation systems market, such as contracts and agreements, product developments, mergers and acquisitions, investments, and expansions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Excitation Systems Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Excitation Systems Market

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