Excitation Systems Market by Type (Static and Brushless), Controller Type (Analog and Digital), Application (Synchronous Generators and Synchronous Motors) – Global Forecast to 2023 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Excitation
Systems Market by Type (Static and Brushless), Controller Type (Analog
and Digital), Application (Synchronous Generators and Synchronous
Motors), and Region (North America, Asia Pacific, Europe) – Global
Forecast to 2023" report has been added to ResearchAndMarkets.com's
offering.

The Excitation Systems Market is Estimated at USD 2.64 Billion in 2018
and is Projected to Reach USD 3.12 Billion By 2023, at a CAGR of 3.38%
from 2018 to 2023.

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 a 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.

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 control systems provide a significant improvement in generator
performance by improving transient as well as dynamic stability. Easy
conversion of analog to digital controls is another key factor that is
expected to foster the demand for digital control systems during the
forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Excitation Systems Market, By Type

7 Excitation Systems Market, By Controller Type

8 Excitation Systems Market, By Application

9 Excitation Systems Market, By Region

10 Competitive Landscape

11 Company Profiles

• ABB
• Altex Electric
• Amtech Power
• Andritz
• Automation Electronics India
• Basler Electric
• Benchmarking
• GE
• Konar Inem
• Rolls Royce
• Siemens
• Tenel
• VEO OY
• Voith

For more information about this report visit https://www.researchandmarkets.com/research/dmxh3j/excitation?w=4

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Related
Topics: Electricity