About Excitation Systems
Excitation systems provide continuous DC current to the synchronous machine field winding to perform protective & control functions of the power system. This is achieved through the use of a feedback control mechanism. Latest excitation systems also include diagnostics functions to simplify troubleshooting, communication protocols for SCADA integration, and other functions to ensure that the synchronous machine is operated within its capability curve. Well-designed excitation systems provide the reliability of operation, stability, and fast transient response. The most common and widely used method is PMG excitation whereas Shunt excitation is the most cost-effective method.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 4.4% |
The global excitation systems market is highly fragmented. Many Major Players such as ABB, Siemens, and others are focusing on the development of the excitation system that is highly competitive and provides greater efficiency with efficient excitation voltage. Moreover, they are also focusing on new product development as a key strategy in order to offer the best suitable excitation system. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Excitation Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Siemens Energy (Germany), General Electric (United States), Mitsubishi Electric Corporation (Japan), Emerson (United States), Basler Electric (United States), L&S Electric (United States), Reivax (United States), Melrose Industries PLC (United Kingdom) and Excitation & Engineering Services Ltd (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Andritz Group (Austria), Voith Group (Germany), Nidec Corporation (Japan), KONČAR Group (Croatia), Tenel, S.R.O. (Czech Republic), Automation Electronics India (India), Amtech Power Ltd. (India) and Veo Oy (Finland).
Segmentation Overview
AMA Research has segmented the market of Global Excitation Systems market by Type (DC Excitation System, AC Excitation System (Rotor, and Brushless) and Static Excitation System), Application (Synchronous Generators and Synchronous Motors) and Region.
On the basis of geography, the market of Excitation Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Components, the sub-segment i.e. Exciter will boost the Excitation Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Excitation Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Excitation Method, the sub-segment i.e. Shunt or Self Excited will boost the Excitation Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Brushless Exciter is a Directly Coupled AC Generator with its Field Circuit on the Stator and then from Circuit to Motor
Market Growth Drivers:
Growing Demand for Synchronous Machines to Provide Reliable Operations and Uninterrupted Power Supply for Efficient Production and Cost-Effective Solution
Challenges:
Fault in the System Adversely Affects the Alternators in the Power Plant and Low Response Rate of the Thyristor
Restraints:
Complex Design Leading To Difficulty in Maintenance of Excitation Systems
Opportunities:
Increasing Investments in Renewable Energy Projects in Hydropower Sector and Growing Adoption of High-Voltage Direct-Current (HVDC) Technology in Synchronous Machines
Market Leaders and their expansionary development strategies
In 2021, The Basler Electric Company acquires Segrity, LLC and incorporates expanded field service capabilities from Basler Services, LLC. The acquisition has resulted in an increase in the product portfolio and a surge in the company's electrical services.
In 2020, Nidec Leroy-Somer released TAL 0473. The TAL 0473 provides a nominal power of 400 to 660 kVA at 50 Hz (495 to 825 kVA at 60 Hz). The alternator is equipped with a SHUNT excitation system and R150 regulator as standard.
Key Target Audience
Excitation Systems Manufacturers, Components and Parts Suppliers, Power Plants and Industries, Government, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.