The excitation systems market is estimated at USD 2.7 billion in 2021 and is projected to reach USD 3.4 billion by 2026, at a CAGR of 4.4% from 2021 to 2026. Rapid growth in the power sector is the key to the economic development of a country. Electricity is a key ingredient for the growth of various industries such as oil & gas, mining, utilities, chemicals, cement, and manufacturing. The increasing demand for power requires the upgrading and expansion of transmission and distribution infrastructure. This has increased the demand for synchronous machines in various end-use applications such as hydro, thermal, and nuclear power plants.
Energy saving and power factor correction abilities are the advantages provided by synchronous machines, which have played a key role in their increasing popularity. The rising popularity of synchronous machines has, in turn, driven the growth of excitation systems. Synchronous machines require excitation systems as they play a key role in controlling the voltage output, protect the stator and rotor, and adjust plant voltage and reactive power automatically. Complex design that creates difficulty in maintenance is expected to restrain the market growth.
The brushless excitation systems segment is expected to grow at the highest CAGR from 2021 to 2026
Brushless excitation systems are expected to emerge as the largest growing market. 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.
Digital excitation systems are expected to emerge as the largest segment based on controller type
Digital excitation systems provide a significant improvement in generator performance by improving transient as well as dynamic stability. Easy conversion of analog-to-digital controls is likely to be the major factor fostering the demand for digital control systems during the forecast period. Analog systems continue to get older; many utilities have decided to upgrade their analog systems with newer technology. Thus, analog controllers are likely to become obsolete, and digital excitation systems are likely to be a good economical solution during the forecast period.
Asia Pacific is expected to grow at the highest CAGR from 2021 to 2026
The Asia Pacific region is estimated to be the largest and fastest growing market for excitation systems, followed by North America and Europe. China, which accounted for a major share of the Asia Pacific market in 2017, is projected to grow at the highest CAGR from 2021 to 2026. The increase in demand for excitation systems in the Asia Pacific region can be attributed to the growing demand for uninterrupted and reliable power supply in the region. As it is the most populated region in the world, Asia Pacific witnessed a high demand for electricity. According to the Asian Development Bank (ADB), energy demand is projected to be almost double in the Asia Pacific by 2030. The increasing investments in renewable energy projects are also anticipated to support the growth of the excitation systems market in the region.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1 - 60%, Tier 2 - 25%, Tier 3 - 15%
- By Designation: C-Level - 35%, Director Level - 25%, Others - 40%
- By Region: North America -2 5%, APAC - 21%, Europe - 15%, Middle East - 10%, Africa - 8%, South America - 10%
Note: The tier of the companies has been defined based on their total revenue, as of 2016: Tier 1 = >USD 5 billion, Tier 2 = > USD 0.5 billion to USD 1 billion, and Tier 3 = <USD 0.5 billion
Leading players in this industry have been profiled with their recent developments and other strategic activities. These include Basler Electric (US), ABB (Switzerland), GE (US), ANDRITZ AG (Austria), and Rolls Royce Holdings plc (UK) among others.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1 - 60%, Tier 2 - 25%, and Tier 3 - 15%
- By Designation: C-Level - 35%, Director Level - 25%, and Others - 40%
- By Region: North America - 25%, Europe - 15%, Asia Pacific - 32%, Middle East– 10%, South America - 10% and Africa-8%
*Others includes sales managers, engineers, and regional managers.
Note: Tier 1 Company - Revenue > USD 5 billion, Tier 2 Company - Revenue between USD 1 and USD 5 billion, and Tier 3 Company - Revenue < USD 1 billion
The excitation systems market is dominated by a few major players that have an extensive regional presence. The leading players in this market are ABB (Switzerland), Siemens Energy(Germany), General Electric (US), ANDRITZ Group (Austria), and Emerson (US).
Study Coverage:
The report defines, describes, and forecasts the excitation systems market, by technology, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the excitation systems market.
Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for excitation systems, which would help equipment manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition and Scope
1.2.1 Excitation Systems Market, by Application: Inclusions & Exclusions
1.2.2 Excitation Systems Market, by End-user: Inclusions & Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered
1.5 Currency
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Excitation Systems Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
2.3 Scope
2.4 Impact of COVID-19 on Power Industry
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach
Figure 3 Excitation Systems Market: Industry-Region/Country-Wise Analysis
2.5.2 Top-Down Approach
Figure 4 Excitation Systems Market: Top-Down Approach
2.6 Demand-Side Metrics
Figure 5 Main Metrics Considered while Constructing and Assessing Demand for Excitation Systems
2.6.1 Calculation for Demand Side
2.6.2 Assumptions for Demand Side
2.7 Supply-Side Analysis
Figure 6 Key Steps Considered for Assessing Supply of Excitation Systems
Figure 7 Excitation Systems Market: Supply-Side Analysis, 2019
2.7.1 Calculations for Supply Side
2.7.2 Assumptions for Supply Side
2.7.2.1 Key Primary Insights for Supply Side
2.8 Forecast
3 Executive Summary
Table 1 Excitation Systems Market Snapshot
Figure 8 Asia-Pacific Dominated Excitation Systems in 2020
Figure 9 Brushless Excitation Systems to Exhibit Highest CAGR During Forecast Period
Figure 10 Digital Excitation Systems to Hold Commanding Position During Forecast Period
Figure 11 Synchronous Generators to Lead Excitation Systems Market from 2021 to 2026
Figure 12 Original Equipment Manufacturers to Command Excitation Systems Market During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities in Excitation Systems Market, 2021-2026
Figure 13 Rising Demand for Synchronous Machines to Drive Excitation Systems Market Growth
4.2 Excitation Systems Market, by Type
Figure 14 Brushless Excitation Systems Held Larger Market Share in 2020
4.3 Excitation Systems Market, by Controller Type
Figure 15 Digital Excitation Systems Captured Larger Market Share Than Analog Excitation Systems in 2020
4.4 Excitation Systems Market, by End-user
Figure 16 Original Equipment Manufacturers (OEMs) Held Largest Market Share in 2020
4.5 Excitation Systems Market, by Region
Figure 17 Market in Asia-Pacific to Grow at Fastest Rate During Forecast Period
4.6 Excitation Systems Market in Asia-Pacific, by Application & Country
Figure 18 Synchronous Generators and China Dominated Excitation Systems Market in Asia-Pacific in 2020
5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
Figure 19 COVID-19 Global Propagation
Figure 20 COVID-19 Propagation in Selected Countries
5.3 Road to Recovery
Figure 21 Recovery Road for 2020 & 2021
5.4 COVID-19 Economic Assessment
Figure 22 Revised Gdp Forecasts for Select G20 Countries in 2020
5.5 Market Dynamics
Figure 23 Excitation Systems Market: Drivers, Restraints, Opportunities, and Challenges
5.5.1 Drivers
5.5.1.1 Increase in Demand for Uninterrupted and Reliable Power Supply in Several Industries
Figure 24 Electricity Demand, by Sector: Stated Policies Scenario, 2018-2040
5.5.1.2 Rise in Demand for Synchronous Machines by Industrial Users to Ensure Uninterrupted Power Supply for Efficient Production
5.5.1.3 Advantages of Synchronous Machines, for Example, Energy Conservation and Ability to Improve System Power Factor
5.5.2 Restraints
5.5.2.1 Complex Design Leading to Difficulty in Maintenance of Excitation Systems
5.5.3 Opportunities
5.5.3.1 Increasing Investments in Renewable Energy Projects, Especially in Hydropower Sector
Figure 25 Renewable Power Investments, 2012-2020
5.5.3.2 Growing Adoption of High-Voltage Direct-Current (Hvdc) Technology in Synchronous Machines
5.5.4 Challenges
5.5.4.1 Shortage of Components/Parts Used in Manufacturing Excitation Systems
5.6 Trends/Disruptions Impacting Customers’ Business
5.6.1 Revenue Shift and New Revenue Pockets for Players in Excitation Systems Market
Figure 26 Revenue Shift for Excitation Systems Market Players
5.7 Supply Chain Analysis
Figure 27 Excitation Systems: Supply Chain
Table 2 Supply Chain Participants in Excitation Systems Market
5.7.1 Raw Material Providers/Suppliers
5.7.2 Component Manufacturers
5.7.3 Excitation System Manufacturers/Assemblers
5.7.4 End-users
5.8 Market Map
Figure 28 Excitation Systems: Market Map
5.9 Average Pricing of Excitation Systems
5.10 Trade Data Statistics
Table 3 Region-Wise Import Data, 2018-2019 (USD Million)
Table 4 Region-Wise Export Data, 2018-2019 (USD Million)
5.11 Porter's Five Forces Analysis
Figure 29 Excitation Systems Market: Porter's Five Forces Analysis
Table 5 Excitation Systems Market: Porter's Five Forces
5.11.1 Threat of New Entrants
5.11.2 Threat of Substitutes
5.11.3 Bargaining Power of Suppliers
5.11.4 Bargaining Power of Buyers
5.11.5 Intensity of Rivalry
5.12 Technology Analysis
5.12.1 Technology Trends for Excitation Systems
5.13 Excitation Systems: Codes and Regulations
5.14 Excitation Systems: Patent Analysis
5.14.1 Innovations & Patent Registration
Table 6 Important Innovation & Patent Registration, 2016-2020
5.15 Case Study Analysis
5.15.1 Excitation Systems for Hydropower Plant
5.15.1.1 Reivax Introduced Static Excitation Systems for 826-Mva Project
6 Excitation Systems Market, by Type
6.1 Introduction
Figure 30 Brushless Excitation Systems Led Market in 2020
Table 7 Excitation Systems Market, by Type, 2016-2019 (USD Billion)
Table 8 Excitation Systems Market, by Type, 2020-2026 (USD Billion)
6.2 Static
6.2.1 Increased Need for High-Performance and Fast-Response Excitation Systems
Table 9 Static Excitation Systems Market, by Region, 2016-2019 (USD Million)
Table 10 Static Excitation Systems Market, by Region, 2020-2025 (USD Million)
6.3 Brushless
6.3.1 Low Maintenance and High Reliability of Brushless Excitation Systems
Table 11 Brushless Excitation Systems Market, by Region, 2016-2019 (USD Million)
Table 12 Brushless Excitation Systems Market, by Region, 2020-2025 (USD Million)
7 Excitation Systems Market, by Controller Type
7.1 Introduction
Figure 31 Digital Control Systems Dominated Excitation Systems Market in 2020
Table 13 Excitation Systems Market, by Controller Type, 2016-2019 (USD Billion)
Table 14 Excitation Systems Market, by Controller Type, 2020-2026 (USD Billion)
7.2 Analog
7.2.1 Reliability of Analog Excitation Systems to Moderately Drive Market Growth in Coming Years
Table 15 Analog Excitation Systems Market, by Region, 2016-2019 (USD Million)
Table 16 Analog Excitation Systems Market, by Region, 2020-2026 (USD Million)
7.3 Digital
7.3.1 Replacement of Analog Excitation Systems with Digital Excitation Systems to Fuel Market Growth
Table 17 Digital Excitation Systems Market, by Region, 2016-2019 (USD Million)
Table 18 Digital Excitation Systems Market, by Region, 2020-2026 (USD Million)
8 Excitation Systems Market, by Application
8.1 Introduction
Figure 32 Synchronous Generators Dominated Excitation Systems Market, by Application, in 2020
Table 19 Excitation Systems Market, by Application, 2016-2019 (USD Billion)
Table 20 Excitation Systems Market, by Application, 2020-2026 (USD Billion)
8.2 Synchronous Generators
8.2.1 Increasing Focus on Improving Stability of Power Systems
Table 21 Excitation Systems Market for Synchronous Generators, by Region, 2016-2019 (USD Million)
Table 22 Excitation Systems Market for Synchronous Generators, by Region, 2020-2026 (USD Million)
8.3 Synchronous Motors
8.3.1 Surging Demand for Synchronous Motors by Heavy Industries
Table 23 Excitation Systems Market for Synchronous Motors, by Region, 2016-2019 (USD Million)
Table 24 Excitation Systems Market for Synchronous Motors, by Region, 2020-2026 (USD Million)
9 Excitation Systems Market, by End-user
9.1 Introduction
Figure 33 Original Equipment Manufacturers Commanded Excitation Systems Market in 2020
Table 25 Excitation Systems Market, by End-user, 2019-2026 (USD Billion)
9.2 Power Generation Industry
Table 26 Excitation Systems Market for Power Generation Industry, by Region, 2019-2026 (USD Million)
Table 27 Excitation Systems Market for Power Generation Industry, by Type, 2019-2026 (USD Million)
9.2.1 Hydroelectric Power Plants
9.2.1.1 Increased Focus on Expanding Hydropower Installed Capacity Propelled Market Growth
Table 28 Excitation Systems Market for Hydroelectric Power Plants, by Region, 2019-2026 (USD Million)
9.2.2 Thermal Power Plants
9.2.2.1 Urgent Need to Upgrade Aging Electric Infrastructure Drives Market Growth
Table 29 Excitation Systems Market for Thermal Power Plants, by Region, 2019-2026 (USD Million)
9.3 Heavy Industries
Table 30 Excitation Systems Market for Heavy Industries, by Region, 2019-2026 (USD Million)
Table 31 Excitation Systems Market for Heavy Industries, by Type, 2019-2026 (USD Million)
9.3.1 Marine
9.3.1.1 Growing Number of Commercial Vessels for Maritime Freight Transport to Spur Demand for Excitation Systems
Table 32 Excitation Systems Market for Marine Industry, by Region, 2019-2026 (USD Million)
9.3.2 Others
Table 33 Excitation Systems Market for Other Heavy Industries, by Region, 2019-2026 (USD Million)
9.4 Original Equipment Manufacturers
9.4.1 Surging Demand for Synchronous Machines to Promote Market Growth
Table 34 Excitation Systems Market for OEMs, by Region, 2019-2026 (USD Million)
10 Geographic Analysis
10.1 Introduction
Figure 34 Excitation Systems Market, by Region, 2020
Figure 35 Regional Snapshot: Asia-Pacific to Register Highest CAGR in Excitation Systems Market During Forecast Period
Table 35 Excitation Systems Market, by Region, 2016-2019 (USD Million)
Table 36 Excitation Systems Market, by Region, 2020-2026 (USD Million)
10.2 Asia-Pacific
10.2.1 Impact of COVID-19 on Excitation Systems Market in Asia-Pacific
Figure 36 Asia-Pacific: Excitation Systems Market Snapshot
10.2.2 By Type
Table 37 Excitation Systems Market in Asia-Pacific, by Type, 2016-2019 (USD Million)
Table 38 Excitation Systems Market in Asia-Pacific, by Type, 2020-2026 (USD Million)
10.2.3 By Controller Type
Table 39 Excitation Systems Market in Asia-Pacific, by Controller Type, 2016-2019 (USD Million)
Table 40 Excitation Systems Market in Asia-Pacific, by Controller Type, 2020-2026 (USD Million)
10.2.4 By Application
Table 41 Excitation Systems Market in Asia-Pacific, by Application, 2016-2019 (USD Million)
Table 42 Excitation Systems Market in Asia-Pacific, by Application, 2020-2026 (USD Million)
10.2.5 By End-user
Table 43 Excitation Systems Market in Asia-Pacific, by End-user, 2019-2026 (USD Million)
10.2.5.1 By Power Generation Industry
Table 44 Excitation Systems Market in Asia-Pacific for Power Generation Industry, by Type, 2019-2026 (USD Million)
10.2.5.2 By Heavy Industries
Table 45 Excitation Systems Market in Asia-Pacific for Heavy Industries, by Type, 2019-2026 (USD Million)
10.2.6 By Country
Table 46 Excitation Systems Market in Asia-Pacific, by Country, 2016-2019 (USD Million)
Table 47 Excitation Systems Market in Asia-Pacific, by Country, 2020-2026 (USD Million)
10.2.6.1 China
10.2.6.1.1 Government Reforms and Policies to Speed Up Clean Energy Transformation
Table 48 Excitation Systems Market in China, by Type, 2016-2019 (USD Million)
Table 49 Excitation Systems Market in China, by Type, 2020-2026 (USD Million)
10.2.6.2 India
10.2.6.2.1 Government Investments in Hydropower Plants
Table 50 Excitation Systems Market in India, by Type, 2016-2019 (USD Million)
Table 51 Excitation Systems Market in India, by Type, 2020-2026 (USD Million)
10.2.6.3 Japan
10.2.6.3.1 High Demand for Synchronous Machines in Marine Industry
Table 52 Excitation Systems Market in Japan, by Type, 2016-2019 (USD Million)
Table 53 Excitation Systems Market in Japan, by Type, 2020-2026 (USD Million)
10.2.6.4 South Korea
10.2.6.4.1 Increased Requirement for High-Efficiency Equipment to Reduce Carbon Emissions
Table 54 Excitation Systems Market in South Korea, by Type, 2016-2019 (USD Million)
Table 55 Excitation Systems Market in South Korea, by Type, 2020-2026 (USD Million)
10.2.6.5 Australia
10.2.6.5.1 Massive Investment in Mining Industry
Table 56 Excitation Systems Market in Australia, by Type, 2016-2019 (USD Million)
Table 57 Excitation Systems Market in Australia, by Type, 2020-2026 (USD Million)
10.2.6.6 Rest of Asia-Pacific
Table 58 Excitation Systems Market in Rest of Asia-Pacific, by Type, 2016-2019 (USD Million)
Table 59 Excitation Systems Market in Rest of Asia-Pacific, by Type, 2020-2026 (USD Million)
10.3 North America
10.3.1 Impact of COVID-19 on Excitation Systems Market in North America
Figure 37 North America: Excitation Systems Market Snapshot
10.3.2 By Type
Table 60 Excitation Systems Market in North America, by Type, 2016-2019 (USD Million)
Table 61 Excitation Systems Market in North America, by Type, 2020-2026 (USD Million)
10.3.3 By Controller Type
Table 62 Excitation Systems Market in North America, by Controller Type, 2016-2019 (USD Million)
Table 63 Excitation Systems Market in North America, by Controller Type, 2020-2026 (USD Million)
10.3.4 By Application
Table 64 Excitation Systems Market in North America, by Application, 2016-2019 (USD Million)
Table 65 Excitation Systems Market in North America, by Application, 2020-2026 (USD Million)
10.3.5 By End-user
Table 66 Excitation Systems Market in North America, by End-user, 2019-2026 (USD Million)
10.3.5.1 By Power Generation Industry
Table 67 Excitation Systems Market in North America for Power Generation Industry, by Type, 2019-2026 (USD Million)
10.3.5.2 By Heavy Industries
Table 68 Excitation Systems Market in North America for Heavy Industries, by Type,2019-2026 (USD Million)
10.3.6 By Country
Table 69 Excitation Systems Market in North America, by Country, 2016-2019 (USD Million)
Table 70 Excitation Systems Market in North America, by Country, 2020-2026 (USD Million)
10.3.6.1 US
10.3.6.1.1 Increasing Investment in Building and Refurbishing Hydroelectric Generation Stations Boosts Market Growth
Table 71 Excitation Systems Market in Us, by Type, 2016-2019 (USD Million)
Table 72 Excitation Systems Market in Us, by Type, 2020-2026 (USD Million)
10.3.6.2 Canada
10.3.6.2.1 Surging Demand for Synchronous Machines in Oil & Gas to Propel Market Growth
Table 73 Excitation Systems Market in Canada, by Type, 2016-2019 (USD Million)
Table 74 Excitation Systems Market in Canada, by Type, 2020-2026 (USD Million)
10.3.6.3 Mexico
10.3.6.3.1 Booming Industrial Sector to Boost Demand for Excitation Systems
Table 75 Excitation Systems Market in Mexico, by Type, 2016-2019 (USD Million)
Table 76 Excitation Systems Market in Mexico, by Type, 2020-2026 (USD Million)
10.4 Europe
10.4.1 Impact of COVID-19 on Excitation Systems Market in Europe
10.4.2 By Type
Table 77 Excitation Systems Market in Europe, by Type, 2016-2019 (USD Million)
Table 78 Excitation Systems Market in Europe, by Type, 2020-2026 (USD Million)
10.4.3 By Controller Type
Table 79 Excitation Systems Market in Europe, by Controller Type, 2016-2019 (USD Million)
Table 80 Excitation Systems Market in Europe, by Controller Type, 2020-2026 (USD Million)
10.4.4 By Application
Table 81 Excitation Systems Market in Europe, by Application, 2016-2019 (USD Million)
Table 82 Excitation Systems Market in Europe, by Application, 2020-2026 (USD Million)
10.4.5 By End-user
Table 83 Excitation Systems Market in Europe, by End-user, 2019-2026 (USD Million)
10.4.5.1 By Power Generation Industry
Table 84 Excitation Systems Market in Europe for Power Generation Industry, by Type, 2019-2026 (USD Million)
10.4.5.2 By Heavy Industries
Table 85 Excitation Systems Market in Europe for Heavy Industries, by Type, 2019-2026 (USD Million)
10.4.6 By Country
Table 86 Excitation Systems Market in Europe, by Country, 2016-2019 (USD Million)
Table 87 Excitation Systems Market in Europe, by Country, 2020-2026 (USD Million)
10.4.6.1 Russia
10.4.6.1.1 Substantial Investments in T&D Sector
Table 88 Excitation Systems Market in Russia, by Type, 2016-2019 (USD Million)
Table 89 Excitation Systems Market in Russia, by Type, 2020-2026 (USD Million)
10.4.6.2 Germany
10.4.6.2.1 Strong Focus on Development of Manufacturing Sector
Table 90 Excitation Systems Market in Germany, by Type, 2016-2019 (USD Million)
Table 91 Excitation Systems Market in Germany, by Type, 2020-2026 (USD Million)
10.4.6.3 UK
10.4.6.3.1 Government Initiative to Improve Maritime Trade
Table 92 Excitation Systems Market in Uk, by Type, 2016-2019 (USD Million)
Table 93 Excitation Systems Market in Uk, by Type, 2020-2026 (USD Million)
10.4.6.4 Italy
10.4.6.4.1 Thriving Industrial Sector in Italy
Table 94 Excitation Systems Market in Italy, by Type, 2016-2019 (USD Million)
Table 95 Excitation Systems Market in Italy, by Type, 2020-2026 (USD Million)
10.4.6.5 Norway
10.4.6.5.1 High Dependence on Hydroelectric Power Plants
Table 96 Excitation Systems Market in Norway, by Type, 2016-2019 (USD Million)
Table 97 Excitation Systems Market in Norway, by Type, 2020-2026 (USD Million)
10.4.6.6 Rest of Europe
Table 98 Excitation Systems Market in Rest of Europe, by Type, 2016-2019 (USD Million)
Table 99 Excitation Systems Market in Rest of Europe, by Type, 2020-2026 (USD Million)
10.5 South America
10.5.1 Impact of COVID-19 on Excitation Systems Market in South America
10.5.2 By Type
Table 100 Excitation Systems Market in South America, by Type, 2016-2019 (USD Million)
Table 101 Excitation Systems Market in South America, by Type, 2020-2026 (USD Million)
10.5.3 By Controller Type
Table 102 Excitation Systems Market in South America, by Controller Type, 2016-2019 (USD Million)
Table 103 Excitation Systems Market in South America, by Controller Type, 2020-2026 (USD Million)
10.5.4 By Application
Table 104 Excitation Systems Market in South America, by Application, 2016-2019 (USD Million)
Table 105 Excitation Systems Market in South America, by Application, 2020-2026 (USD Million)
10.5.5 By End-user
Table 106 Excitation Systems Market in South America, by End-user, 2019-2026 (USD Million)
10.5.5.1 By Power Generation Industry
Table 107 Excitation Systems Market in South America for Power Generation Industry, by Type, 2019-2026 (USD Million)
10.5.5.2 By Heavy Industries
Table 108 Excitation Systems Market in South America for Heavy Industries, by Type, 2019-2026 (USD Million)
10.5.6 By Country
Table 109 Excitation Systems Market in South America, by Country, 2016-2019 (USD Million)
Table 110 Excitation Systems Market in South America, by Country, 2020-2026 (USD Million)
10.5.6.1 Brazil
10.5.6.1.1 Increasing Investments in Oil & Gas and Hydropower Projects to Fuel Demand for Excitation Systems
Table 111 Excitation Systems Market in Brazil, by Type, 2016-2019 (USD Million)
Table 112 Excitation Systems Market in Brazil, by Type, 2020-2026 (USD Million)
10.5.6.2 Argentina
10.5.6.2.1 Growing Dependence on Thermal Power and Surging Naval Budgets to Support Excitation Systems Market Growth
Table 113 Excitation Systems Market in Argentina, by Type, 2016-2019 (USD Million)
Table 114 Excitation Systems Market in Argentina, by Type, 2020-2026 (USD Million)
10.5.6.3 Rest of South America
Table 115 Excitation Systems Market in Rest of South America, by Type, 2016-2019 (USD Million)
Table 116 Excitation Systems Market in Rest of South America, by Type, 2020-2026 (USD Million)
10.6 Middle East
10.6.1 Impact of COVID-19 on Excitation Systems Market in Middle East
10.6.2 By Type
Table 117 Excitation Systems Market in Middle East, by Type, 2016-2019 (USD Million)
Table 118 Excitation Systems Market in Middle East, by Type, 2020-2026 (USD Million)
10.6.3 By Controller Type
Table 119 Excitation Systems Market in Middle East, by Controller Type, 2016-2019 (USD Million)
Table 120 Excitation Systems Market in Middle East, by Controller Type, 2020-2026 (USD Million)
10.6.4 By Application
Table 121 Excitation Systems Market in Middle East, by Application, 2016-2019 (USD Million)
Table 122 Excitation Systems Market in Middle East, by Application, 2020-2026 (USD Million)
10.6.5 By End-user
Table 123 Excitation Systems Market in Middle East, by End-user, 2019-2026 (USD Million)
10.6.5.1 By Power Generation Industry
Table 124 Excitation Systems Market in Middle East for Power Generation Industry, by Type, 2019-2026 (USD Million)
10.6.5.2 By Heavy Industries
Table 125 Excitation Systems Market in Middle East for Heavy Industries, by Type, 2019-2026 (USD Million)
10.6.6 By Country
Table 126 Excitation Systems Market in Middle East, by Country, 2016-2019 (USD Million)
Table 127 Excitation Systems Market in Middle East, by Country, 2020-2026 (USD Million)
10.6.6.1 Saudi Arabia
10.6.6.1.1 Government Initiatives to Meet Rising Demand for Energy to Foster Market Growth
Table 128 Excitation Systems Market in Saudi Arabia, by Type, 2016-2019 (USD Million)
Table 129 Excitation Systems Market in Saudi Arabia, by Type, 2020-2026 (USD Million)
10.6.6.2 Oman
10.6.6.2.1 Thriving Oil & Gas Sector to Encourage Demand for Excitation Systems
Table 130 Excitation Systems Market in Oman, by Type, 2016-2019 (USD Million)
Table 131 Excitation Systems Market in Oman, by Type, 2020-2026 (USD Million)
10.6.6.3 Qatar
10.6.6.3.1 Huge Investment in Heavy Industries to Fuel Market Growth
Table 132 Excitation Systems Market in Qatar, by Type, 2016-2019 (USD Million)
Table 133 Excitation Systems Market in Qatar, by Type, 2020-2026 (USD Million)
10.6.6.4 UAE
10.6.6.4.1 Government Initiatives Toward Digitalization for Energy Conservation to Accelerate Demand for Excitation Systems
Table 134 Excitation Systems Market in Uae, by Type, 2016-2019 (USD Million)
Table 135 Excitation Systems Market in Uae, by Type, 2020-2026 (USD Million)
10.6.6.5 Rest of Middle East
Table 136 Excitation Systems Market in Rest of Middle East, by Type, 2016-2019 (USD Million)
Table 137 Excitation Systems Market in Rest of Middle East, by Type, 2020-2026 (USD Million)
10.7 Africa
10.7.1 Impact of COVID-19 on Excitation Systems Market in Africa
10.7.2 By Type
Table 138 Excitation Systems Market in Africa, by Type, 2016-2019 (USD Million)
Table 139 Excitation Systems Market in Africa, by Type, 2020-2026 (USD Million)
10.7.3 By Controller Type
Table 140 Excitation Systems Market in Africa, by Controller Type, 2016-2019 (USD Million)
Table 141 Excitation Systems Market in Africa, by Controller Type, 2020-2026 (USD Million)
10.7.4 By Application
Table 142 Excitation Systems Market in Africa, by Application, 2016-2019 (USD Million)
Table 143 Excitation Systems Market in Africa, by Application, 2020-2026 (USD Million)
10.7.5 By End-user
Table 144 Excitation Systems Market in Africa, by End-user, 2019-2026 (USD Million)
10.7.5.1 By Power Generation Industry
Table 145 Excitation Systems Market in Africa for Power Generation Industry, by Type, 2020-2026 (USD Million)
10.7.5.2 By Heavy Industries
Table 146 Excitation Systems Market in Africa for Heavy Industries, by Type, 2019-2026 (USD Million)
10.7.6 By Country
Table 147 Excitation Systems Market in Africa, by Country, 2016-2019 (USD Million)
Table 148 Excitation Systems Market in Africa, by Country, 2020-2026 (USD Million)
10.7.6.1 Egypt
10.7.6.1.1 Significant Investment in Oil & Gas and Intense Need to Meet Increasing Power Demand
Table 149 Excitation Systems Market in Egypt, by Type, 2016-2019 (USD Million)
Table 150 Excitation Systems Market in Egypt, by Type, 2020-2026 (USD Million)
10.7.6.2 South Africa
10.7.6.2.1 Urgent Need to Upgrade Power Infrastructure to Prevent Power Outages
Table 151 Excitation Systems Market in South Africa, by Type, 2016-2019 (USD Million)
Table 152 Excitation Systems Market in South Africa, by Type, 2020-2026 (USD Million)
10.7.6.3 Nigeria
10.7.6.3.1 Supportive Hydro Power Policies of Government
Table 153 Excitation Systems Market in Nigeria, by Type, 2016-2019 (USD Million)
Table 154 Excitation Systems Market in Nigeria, by Type, 2020-2026 (USD Million)
10.7.6.4 Algeria
10.7.6.4.1 Increased Power Demand in Country
Table 155 Excitation Systems Market in Algeria, by Type, 2016-2019 (USD Million)
Table 156 Excitation Systems Market in Algeria, by Type, 2020-2026 (USD Million)
10.7.6.5 Rest of Africa
Table 157 Excitation Systems Market in Rest of Africa, by Type, 2016-2019 (USD Million)
Table 158 Excitation Systems Market in Rest of Africa, by Type, 2020-2026 (USD Million)
11 Competitive Landscape
11.1 Key Players’ Strategies
Figure 38 Overview of Key Strategies Adopted by Top Players, 2018-2020
11.2 Share Analysis of Top 5 Players
Table 159 Excitation Systems Market: Degree of Competition
Figure 39 Excitation System Market Share Analysis, 2019
11.3 Market Evaluation Framework
Table 160 Market Evaluation Framework, 2018-2020
11.4 Revenue Analysis of Top 5 Market Players
Figure 40 Top 5 Players Dominated Market in Last 5 Years
11.5 Company Evaluation Quadrant
11.5.1 Star
11.5.2 Emerging Leader
11.5.3 Pervasive
11.5.4 Participant
Figure 41 Competitive Leadership Mapping: Excitation Systems Market, 2019
Table 161 Company Application Footprint
Table 162 Company End-user Footprint
Table 163 Company Region Footprint
11.6 Competitive Scenario
Table 164 Excitation Systems Market: Product Launches and Developments, January 2018-December 2020
Table 165 Excitation Systems Market: Deals, January 2018-December 2020
12 Company Profiles
12.1 Major Players
12.1.1 Abb
(Business and Financial Overview, Products Offered, Recent Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats)*
Table 166 Abb: Business Overview
Figure 42 Abb: Company Snapshot
12.1.2 General Electric
Table 167 General Electric: Business Overview
Figure 43 General Electric: Company Snapshot
12.1.3 Siemens Energy
Table 168 Siemens Energy: Business Overview
Figure 44 Siemens Energy: Company Snapshot
12.1.4 Emerson
Table 169 Emerson: Business Overview
Figure 45 Emerson: Company Snapshot
12.1.5 Andritz Group
Table 170 Andritz Group: Business Overview
Figure 46 Andritz Group: Company Snapshot
12.1.6 Nidec Corporation
Table 171 Nidec Corporation: Business Overview
Figure 47 Nidec Corporation: Company Snapshot
12.1.7 Melrose Industries plc
Table 172 Melrose Industries plc: Business Overview
Figure 48 Melrose Industries plc: Company Snapshot
12.1.8 Voith Group
Table 173 Voith Group: Business Overview
Figure 49 Voith Group: Company Snapshot
12.1.9 Končar Group
Table 174 Končar Group: Business Overview
Figure 50 Končar Group: Company Snapshot
12.1.10 Mitsubishi Electric Corporation
Table 175 Mitsubishi Electric Corporation: Business Overview
Figure 51 Mitsubishi Electric Corporation: Company Snapshot
12.1.11 Weg
Table 176 Weg: Business Overview
Figure 52 Weg: Company Snapshot
12.1.12 Basler Electric
12.1.13 Amtech Power
12.1.14 Veo Oy
12.1.15 Tenel, S.R.O.
Table 177 Tenel, S.R.O.: Business Overview,2020
12.2 Other Players
12.2.1 Reivax
12.2.2 Birr Machines Ag
12.2.3 Excitation & Engineering Services Ltd.
12.2.4 Nelumbo Icona Controls Pvt. Ltd.
12.2.5 Svea Power
*Details on Business and Financial Overview, Products Offered, Recent Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
Companies Mentioned
- Abb
- Amtech Power
- Andritz Group
- Basler Electric
- Birr Machines Ag
- Emerson
- Excitation & Engineering Services Ltd.
- General Electric
- Končar Group
- Melrose Industries plc
- Mitsubishi Electric Corporation
- Nelumbo Icona Controls Pvt. Ltd.
- Nidec Corporation
- Reivax
- Siemens Energy
- Svea Power
- Tenel, S.R.O.
- Veo Oy
- Voith Group
- Weg
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 206 |
| Published | April 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 2.7 billion |
| Forecasted Market Value ( USD | $ 3.4 billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
