Excitation Systems Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Excitation Systems Market.
The global excitation systems market size is projected to reach USD 3.5 billion by 2026 at a CAGR of 4.5% from USD 2.8 billion in 2021 during the forecast to 2028.
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Excitation system is defined as a system which provides field current to the rotor winding of a generator. Well-designed excitation system provides reliability of operation, stability and fast transient response. There are 3 major types of excitation system are 1. Direct current commutator exciters, alternator supplied rectifier excitation system, and static excitation system.
With the significant increase in the demand for synchronous machines along with the added advantage provided by them are some of the factors that have supported long-term expansion for Excitation Systems Market.
Regional Analysis of Excitation Systems Market
Asia Pacific is expected to be the largest market during the forecast period. The increased capacity in terms of renewable energy has led to the expansion of market in the region.
Key Players
· ABB
· Siemens Energy
· General Electric
· ANDRITZ Group
· Voith Group
· Emerson
· Melrose Industries PLC
· Mitsubishi Electric Corporation
· WEG
· Tenel
· S.R.O.
· Basler Electric
· Automation Electronics India
· Amtech Power Ltd.
· Reivax
· Veo Oy
· L & S Electric
· PLUTON Group
· NR Electric Co., Ltd
· Birr Machines
· SVEA Power and More
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Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Excitation Systems Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Recent Developments
In November 2020, Emerson signed a contract offered by Oklahoma Gas and Electric (OG&E) for the OG&E Redbud combined-cycle plant in order to upgrade and unify nine disparate control systems across four units.
In November 2020, ABB was able to win a contract for providing excitation systems and speed regulation for four generator units at the Governador José Richa hydropower plant on the Iguazu River.
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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