Analysis of COVID-19 Crisis-driven Growth Opportunities in Excitation Systems Market

Global Excitation Systems Market: Introduction

• The excitation system is used for production of flux by passing current in the field winding. The excitation current is provided by the excitation system. An excitation system consists of an autonomic voltage regulator, exciter, power system stabilizer, and limitation & protection unit.
• These systems are used in synchronous machines. Excitation systems offers reliability under all conditions of service, simplicity of control, ease of maintenance, stability, and quick transient response.

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Key Drivers and Restraints of Global Excitation Systems Market

• Increase in the demand for synchronous machines is a major driver of the global excitation systems market. Synchronous machines are gaining popularity owing to their ability of ensuring long-term reliable operations, optimized use of energy, and low maintenance costs.
• Increase in the demand for renewable energy is another key driver of the global excitation systems market. Demand for excitation systems in solar and wind energy sectors is rising, due to the reliability offered by these systems under all conditions as well as simplicity of control, ease of maintenance, and stability of these systems. Thus, increase in the demand for renewable energy is anticipated to drive the global excitation systems market during the forecast period.

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Global Excitation Systems Market: Segmentation

• The global excitation systems market can be segmented based on type, controller type, and application
• In terms of type, the global excitation systems market can be segmented into static and brushless. The brushless segment is expected to dominate the global market during the forecast period.
• Based on controller type, the global excitation systems market can be segmented into analog controller and digital controller. The digital controller segment is estimated to account for a significant share of the global market during the forecast period.

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Key Players Operating in Global Market:

• Siemens
• Basler Electric
• Altex Electric
• Nidec ASI spa
• GE
• Rolls Royce Holdings plc.
• Tenel
• Amtech Power
• ANDRITZ
• Voith

Global Excitation Systems Market, by Type

• Static
• Brushless

Global Excitation Systems Market, by Controller Type

• Analog Controller
• Digital Controller

Global Excitation Systems Market, by Application

• Synchronous Generators
• Synchronous Machines

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