Excitation Systems Market

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

Report Code: EP 6126 Mar, 2018, by marketsandmarkets.com

[117 Pages Report] The global excitation systems market was valued at USD 2.55 Billion in 2017 and is projected to reach USD 3.12 Billion by 2023, at a CAGR of 3.38% from 2018 to 2023.

The years considered for the study are as follows:

  • Base Year: 2017
  • Estimated Year: 2018
  • Projected Year: 2023
  • Forecast Period: 2018–2023

The base year considered for company profiles is 2017. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global excitation systems market by type, controller type, application, and region
  • To provide detailed information regarding the major factors influencing the growth of the excitation systems market (drivers, restraints, opportunities, industry-specific challenges, winning imperatives, and burning issues related to the market)
  • To strategically analyze the excitation systems market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the excitation systems market

Research Methodology

This research study involved the use of extensive secondary sources, directories, journals on energy storage, and other related excitation systems markets; newsletters and databases such as Hoover’s, Bloomberg, Businessweek, and Factiva, among others, to identify and collect information useful for a technical, market-oriented, and commercial study of the global excitation systems market. The primary sources include several industry experts from core and related industries, vendors, preferred suppliers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain. The research methodology has been explained below.

  • Study of annual revenues and market developments of the major players providing excitation systems solutions
  • Assessment of future trends and growth of rated capacity
  • Assessment of the excitation systems market with respect to the technology used for different applications

After arriving at the overall market size, the total market was split into several segments and sub segments. The figure given below illustrates the breakdown of the primary interviews conducted during the research study on the basis of company type, designation, and region.

Excitation Systems Market

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

Leading players in the excitation systems market are Basler Electric (US), ABB (Switzerland), GE (US), ANDRITZ AG (Austria), and Rolls Royce plc (UK) among others.

Target Audience:

  • Synchronous generator manufacturing companies
  • Manufacturers associations
  • Suppliers of parts and components for engines and generators
  • Institutional investors
  • Government and research organizations

Scope of the Report:

  • By Type
    • Static
    • Brushless
  • By Controller Type
    • Analog
    • Digital
  • By Application
    • Synchronous Generators
    • Synchronous Machines
  • By Region
    • North America
    • Asia Pacific
    • Europe
    • Middle East
    • Africa
    • South America

Available Customizations:

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

Regional Analysis

  • Further breakdown of region/country-specific analyses

Company Information

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

The excitation systems market is valued at USD 2.64 Billion in 2018 and is expected to grow at a CAGR of 3.38% during the forecast period, to reach a market size of USD 3.12 Billion by 2023. 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.

The excitation systems market has been segmented, by type, into static and brushless. Brushless excitation systems segment held the largest share of the excitation systems market in 2017. 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 report segments the excitation systems market by controller type into analog control and digital control. Digital control is estimated to be the largest segment. 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.

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. Rising demand for generators in hydropower generation is expected to support the demand for excitation systems.

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

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, to prevent such outages, the maintenance systems have to be revised adequately to ensure proper working of the systems. Lack of synergy between generator manufacturers and control designers is another major factor that can create difficulty in maintenance activities.

Some of the major players in the excitation systems market are Basler Electric (US), ABB (Switzerland), GE (US), ANDRITZ AG (Austria), and Rolls Royce Holdings plc (UK). These players have adopted growth strategies such as new product launches, mergers and acquisitions, contracts & agreements, and expansions to capture a larger share of the excitation systems market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 13)
    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 (Page No. - 16)
    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 (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in the Excitation Systems Market, 2018–2023
    4.2 Market, By Region
    4.3 Market, By Type
    4.4 Market, By Controller Type
    4.5 Market, By Application
    4.6 Asia Pacific Market, By Country and Type

5 Market Overview (Page No. - 31)
    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 (Page No. - 35)
    6.1 Introduction
    6.2 Static Excitation Systems
    6.3 Brushless Excitation Systems

7 Excitation Systems Market, By Controller Type (Page No. - 39)
    7.1 Introduction
    7.2 Analog Control
    7.3 Digital Control

8 Excitation Systems Market, By Application (Page No. - 43)
    8.1 Introduction
    8.2 Synchronous Generators
    8.3 Synchronous Motors

9 Excitation Systems Market, By Region (Page No. - 47)
    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 (Page No. - 78)
     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 (Page No. - 83)
     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 Konθar 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 (Page No. - 110)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ 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 Market, By Type, 2016–2023 (USD Million)
Table 3 Static Excitation Systems: Market Size, By Region, 2016–2023 (USD Million)
Table 4 Brushless Excitation: Market Size, By Region, 2016–2023 (USD Million)
Table 5 Excitation Systems Market, By Controller Type, 2016–2023 (USD Million)
Table 6 Analog Control: Market Size, By Region, 2016–2023 (USD Million)
Table 7 Digital Control: Market Size, By Region, 2016–2023 (USD Million)
Table 8 Market, By Application, 2016–2023 (USD Million)
Table 9 Synchronous Generators: Market Size, By Region, 2016–2023 (USD Million)
Table 10 Synchronous Motors: Market Size, By Region, 2016–2023 (USD Million)
Table 11 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: Market Size, By Controller Type, 2016–2023 (USD Million)
Table 14 Asia Pacific: Market Size, By Application, 2016–2023 (USD Million)
Table 15 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
Table 16 China: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 17 India: Market Size, By Type, 2016–2023 (USD Million)
Table 18 Japan: Market Size, By Type, 2016–2023 (USD Million)
Table 19 South Korea: Market Size, By Type, 2016–2023 (USD Million)
Table 20 Rest of Asia Pacific: Market Size, By Type, 2016–2023 (USD Million)
Table 21 Europe: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 22 Europe: Market Size, By Controller Type, 2016–2023 (USD Million)
Table 23 Europe: Market Size, By Application, 2016–2023 (USD Million)
Table 24 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 25 Russia: Market Size, By Type, 2016–2023 (USD Million)
Table 26 Germany: Market Size, By Type, 2016–2023 (USD Million)
Table 27 UK: Market Size, By Type, 2016–2023 (USD Million)
Table 28 Italy: Market Size, By Type, 2016–2023 (USD Million)
Table 29 Norway: Market Size, By Type, 2016–2023 (USD Million)
Table 30 Rest of Europe: 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: Market Size, By Controller Type, 2016–2023 (USD Million)
Table 33 North America: Market Size, By Application, 2016–2023 (USD Million)
Table 34 North America: Market Size, By Country, 2016–2023 (USD Million)
Table 35 US: Market Size, By Type, 2016–2023 (USD Million)
Table 36 Canada: Market Size, By Type, 2016–2023 (USD Million)
Table 37 Mexico: 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: Market Size, By Controller Type, 2016–2023 (USD Million)
Table 40 South America: Market Size, By Application, 2016–2023 (USD Million)
Table 41 South America: Market Size, By Country, 2016–2023 (USD Million)
Table 42 Brazil: Market Size, By Type, 2016–2023 (USD Million)
Table 43 Argentina: Market Size, By Type, 2016–2023 (USD Million)
Table 44 Venezuela: 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: Market Size, By Type, 2016–2023 (USD Million)
Table 47 Middle East: Market Size, By Controller Type, 2016–2023 (USD Million)
Table 48 Middle East & Africa: Market Size, By Application, 2016–2023 (USD Million)
Table 49 Middle East: Market Size, By Country, 2016–2023 (USD Million)
Table 50 Saudi Arabia: Market Size, By Type, 2016–2023 (USD Million)
Table 51 Oman: Excitation Systems Market Size, By Type, 2016–2023 (USD Million)
Table 52 Qatar: Market Size, By Type, 2016–2023 (USD Million)
Table 53 UAE: 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: Market Size, By Controller Type, 2016–2023 (USD Million)
Table 57 Africa: Market Size, By Application, 2016–2023 (USD Million)
Table 58 Africa: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: Market Size, By Type, 2016–2023 (USD Million)
Table 61 Nigeria: Market Size, By Type, 2016–2023 (USD Million)
Table 62 Algeria: Market Size, By Type, 2016–2023 (USD Million)
Table 63 Rest of Africa: Market Size, By Type, 2016–2023 (USD Million)
Table 64 Konθar–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 Market, 2018
Figure 11 Rising Demand for Synchronous Machines is Expected to Drive the Market Demand for Market
Figure 12 Asia Pacific to Grow at Fastest Rate in the Global Market During the Forecast Period
Figure 13 Brushless Segment is Expected to Lead the Market in 2018
Figure 14 Digital Segment is Expected to Lead the 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 Market in 2018
Figure 17 Market Dynamics: Excitation Systems Market
Figure 18 Brushless Excitation Segment is Expected to Dominate the Market in 2018
Figure 19 Digital Control Segment is Expected to Dominate the Market in 2018
Figure 20 Synchronous Generators are Expected to Dominate the Market By Application, in 2018
Figure 21 Market Share (Value), By Region, 2018
Figure 22 Market Size, By Region, 2018–2023 (USD Million)
Figure 23 Asia Pacific: Market Snapshot
Figure 24 North America: Market Snapshot
Figure 25 Key Developments in the 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 Konθar 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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