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Excitation Systems-Global Market Insights and Sales Trends 2024
Synopsis
An excitation system is a system used for providing the necessary field current to the rotor winding of the synchronous machine.
The global Excitation Systems market size is expected to reach US$ 2670.5 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Excitation Systems in various end use industries. The expanding demands from the Synchronous Generators and Synchronous Motors, are propelling Excitation Systems market. Static Excitation Systems, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Brushless Excitation Systems segment is estimated at % CAGR for the next seven-year period.
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. Thus, low maintenance cost as compared to static excitation systems is expected to support the market growth for brushless excitation systems.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Excitation Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Excitation Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Excitation Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Excitation Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Excitation Systems covered in this report include ABB(Switzerland), Rolls Royce(UK), Voith(Germany), Tenel(Czech Republic), Basler Electric(US), Konear Inem(Croatia), Altex Electric(India), Automation Electronics(India) and Amtech Power(India), etc.
The global Excitation Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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)
Global Excitation Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Excitation Systems market, Segment by Type:
Static Excitation Systems
Brushless Excitation Systems
Global Excitation Systems market, by Application
Synchronous Generators
Synchronous Motors
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Excitation Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Excitation Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
An excitation system is a system used for providing the necessary field current to the rotor winding of the synchronous machine.
The global Excitation Systems market size is expected to reach US$ 2670.5 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Excitation Systems in various end use industries. The expanding demands from the Synchronous Generators and Synchronous Motors, are propelling Excitation Systems market. Static Excitation Systems, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Brushless Excitation Systems segment is estimated at % CAGR for the next seven-year period.
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. Thus, low maintenance cost as compared to static excitation systems is expected to support the market growth for brushless excitation systems.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Excitation Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Excitation Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Excitation Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Excitation Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Excitation Systems covered in this report include ABB(Switzerland), Rolls Royce(UK), Voith(Germany), Tenel(Czech Republic), Basler Electric(US), Konear Inem(Croatia), Altex Electric(India), Automation Electronics(India) and Amtech Power(India), etc.
The global Excitation Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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)
Global Excitation Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Excitation Systems market, Segment by Type:
Static Excitation Systems
Brushless Excitation Systems
Global Excitation Systems market, by Application
Synchronous Generators
Synchronous Motors
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Excitation Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Excitation Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Excitation Systems Market Overview
1.1 Excitation Systems Product Overview
1.2 Excitation Systems Market Segment by Type
1.2.1 Static Excitation Systems
1.2.2 Brushless Excitation Systems
1.3 Global Excitation Systems Market Size by Type
1.3.1 Global Excitation Systems Market Size Overview by Type (2018-2029)
1.3.2 Global Excitation Systems Historic Market Size Review by Type (2018-2023)
1.3.3 Global Excitation Systems Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Excitation Systems Sales Breakdown by Type (2018-2023)
1.4.2 Europe Excitation Systems Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Excitation Systems Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Excitation Systems Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Excitation Systems Sales Breakdown by Type (2018-2023)
2 Global Excitation Systems Market Competition by Company
2.1 Global Top Players by Excitation Systems Sales (2018-2023)
2.2 Global Top Players by Excitation Systems Revenue (2018-2023)
2.3 Global Top Players by Excitation Systems Price (2018-2023)
2.4 Global Top Manufacturers Excitation Systems Manufacturing Base Distribution, Sales Area, Product Type
2.5 Excitation Systems Market Competitive Situation and Trends
2.5.1 Excitation Systems Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Excitation Systems Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Excitation Systems as of 2022)
2.7 Date of Key Manufacturers Enter into Excitation Systems Market
2.8 Key Manufacturers Excitation Systems Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Excitation Systems Status and Outlook by Region
3.1 Global Excitation Systems Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Excitation Systems Historic Market Size by Region
3.2.1 Global Excitation Systems Sales in Volume by Region (2018-2023)
3.2.2 Global Excitation Systems Sales in Value by Region (2018-2023)
3.2.3 Global Excitation Systems Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Excitation Systems Forecasted Market Size by Region
3.3.1 Global Excitation Systems Sales in Volume by Region (2024-2029)
3.3.2 Global Excitation Systems Sales in Value by Region (2024-2029)
3.3.3 Global Excitation Systems Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Excitation Systems by Application
4.1 Excitation Systems Market Segment by Application
4.1.1 Synchronous Generators
4.1.2 Synchronous Motors
4.2 Global Excitation Systems Market Size by Application
4.2.1 Global Excitation Systems Market Size Overview by Application (2018-2029)
4.2.2 Global Excitation Systems Historic Market Size Review by Application (2018-2023)
4.2.3 Global Excitation Systems Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Excitation Systems Sales Breakdown by Application (2018-2023)
4.3.2 Europe Excitation Systems Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Excitation Systems Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Excitation Systems Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Excitation Systems Sales Breakdown by Application (2018-2023)
5 North America Excitation Systems by Country
5.1 North America Excitation Systems Historic Market Size by Country
5.1.1 North America Excitation Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Excitation Systems Sales in Volume by Country (2018-2023)
5.1.3 North America Excitation Systems Sales in Value by Country (2018-2023)
5.2 North America Excitation Systems Forecasted Market Size by Country
5.2.1 North America Excitation Systems Sales in Volume by Country (2024-2029)
5.2.2 North America Excitation Systems Sales in Value by Country (2024-2029)
6 Europe Excitation Systems by Country
6.1 Europe Excitation Systems Historic Market Size by Country
6.1.1 Europe Excitation Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Excitation Systems Sales in Volume by Country (2018-2023)
6.1.3 Europe Excitation Systems Sales in Value by Country (2018-2023)
6.2 Europe Excitation Systems Forecasted Market Size by Country
6.2.1 Europe Excitation Systems Sales in Volume by Country (2024-2029)
6.2.2 Europe Excitation Systems Sales in Value by Country (2024-2029)
7 Asia-Pacific Excitation Systems by Region
7.1 Asia-Pacific Excitation Systems Historic Market Size by Region
7.1.1 Asia-Pacific Excitation Systems Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Excitation Systems Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Excitation Systems Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Excitation Systems Forecasted Market Size by Region
7.2.1 Asia-Pacific Excitation Systems Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Excitation Systems Sales in Value by Region (2024-2029)
8 Latin America Excitation Systems by Country
8.1 Latin America Excitation Systems Historic Market Size by Country
8.1.1 Latin America Excitation Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Excitation Systems Sales in Volume by Country (2018-2023)
8.1.3 Latin America Excitation Systems Sales in Value by Country (2018-2023)
8.2 Latin America Excitation Systems Forecasted Market Size by Country
8.2.1 Latin America Excitation Systems Sales in Volume by Country (2024-2029)
8.2.2 Latin America Excitation Systems Sales in Value by Country (2024-2029)
9 Middle East and Africa Excitation Systems by Country
9.1 Middle East and Africa Excitation Systems Historic Market Size by Country
9.1.1 Middle East and Africa Excitation Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Excitation Systems Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Excitation Systems Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Excitation Systems Forecasted Market Size by Country
9.2.1 Middle East and Africa Excitation Systems Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Excitation Systems Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB(Switzerland)
10.1.1 ABB(Switzerland) Company Information
10.1.2 ABB(Switzerland) Introduction and Business Overview
10.1.3 ABB(Switzerland) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB(Switzerland) Excitation Systems Products Offered
10.1.5 ABB(Switzerland) Recent Development
10.2 Rolls Royce(UK)
10.2.1 Rolls Royce(UK) Company Information
10.2.2 Rolls Royce(UK) Introduction and Business Overview
10.2.3 Rolls Royce(UK) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Rolls Royce(UK) Excitation Systems Products Offered
10.2.5 Rolls Royce(UK) Recent Development
10.3 Voith(Germany)
10.3.1 Voith(Germany) Company Information
10.3.2 Voith(Germany) Introduction and Business Overview
10.3.3 Voith(Germany) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Voith(Germany) Excitation Systems Products Offered
10.3.5 Voith(Germany) Recent Development
10.4 Tenel(Czech Republic)
10.4.1 Tenel(Czech Republic) Company Information
10.4.2 Tenel(Czech Republic) Introduction and Business Overview
10.4.3 Tenel(Czech Republic) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Tenel(Czech Republic) Excitation Systems Products Offered
10.4.5 Tenel(Czech Republic) Recent Development
10.5 Basler Electric(US)
10.5.1 Basler Electric(US) Company Information
10.5.2 Basler Electric(US) Introduction and Business Overview
10.5.3 Basler Electric(US) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Basler Electric(US) Excitation Systems Products Offered
10.5.5 Basler Electric(US) Recent Development
10.6 Konear Inem(Croatia)
10.6.1 Konear Inem(Croatia) Company Information
10.6.2 Konear Inem(Croatia) Introduction and Business Overview
10.6.3 Konear Inem(Croatia) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Konear Inem(Croatia) Excitation Systems Products Offered
10.6.5 Konear Inem(Croatia) Recent Development
10.7 Altex Electric(India)
10.7.1 Altex Electric(India) Company Information
10.7.2 Altex Electric(India) Introduction and Business Overview
10.7.3 Altex Electric(India) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Altex Electric(India) Excitation Systems Products Offered
10.7.5 Altex Electric(India) Recent Development
10.8 Automation Electronics(India)
10.8.1 Automation Electronics(India) Company Information
10.8.2 Automation Electronics(India) Introduction and Business Overview
10.8.3 Automation Electronics(India) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Automation Electronics(India) Excitation Systems Products Offered
10.8.5 Automation Electronics(India) Recent Development
10.9 Amtech Power(India)
10.9.1 Amtech Power(India) Company Information
10.9.2 Amtech Power(India) Introduction and Business Overview
10.9.3 Amtech Power(India) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Amtech Power(India) Excitation Systems Products Offered
10.9.5 Amtech Power(India) Recent Development
10.10 Andritz(Austria)
10.10.1 Andritz(Austria) Company Information
10.10.2 Andritz(Austria) Introduction and Business Overview
10.10.3 Andritz(Austria) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Andritz(Austria) Excitation Systems Products Offered
10.10.5 Andritz(Austria) Recent Development
10.11 Siemens(Germany)
10.11.1 Siemens(Germany) Company Information
10.11.2 Siemens(Germany) Introduction and Business Overview
10.11.3 Siemens(Germany) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Siemens(Germany) Excitation Systems Products Offered
10.11.5 Siemens(Germany) Recent Development
10.12 GE(US)
10.12.1 GE(US) Company Information
10.12.2 GE(US) Introduction and Business Overview
10.12.3 GE(US) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.12.4 GE(US) Excitation Systems Products Offered
10.12.5 GE(US) Recent Development
10.13 VEO OY(Finland)
10.13.1 VEO OY(Finland) Company Information
10.13.2 VEO OY(Finland) Introduction and Business Overview
10.13.3 VEO OY(Finland) Excitation Systems Sales, Revenue and Gross Margin (2018-2023)
10.13.4 VEO OY(Finland) Excitation Systems Products Offered
10.13.5 VEO OY(Finland) Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Excitation Systems Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Excitation Systems Industrial Chain Analysis
11.4 Excitation Systems Market Dynamics
11.4.1 Excitation Systems Industry Trends
11.4.2 Excitation Systems Market Drivers
11.4.3 Excitation Systems Market Challenges
11.4.4 Excitation Systems Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Excitation Systems Distributors
12.3 Excitation Systems Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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