Global Excitation Systems Market was valued at US$ 2.30 Bn in 2020 and is expected to reach US$ 3.10
Bn by 2026, at a CAGR of 3.80% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders,
followers, and disruptors. Since the lockdown was implemented differently in various regions and
countries; the impact of the same is also seen differently by regions and segments. The report has
covered the current short-term and long-term impact on the market, and it would help the decision-
makers to prepare the outline and strategies for companies by region.
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Excitation systems are used to offer necessary field current to the rotor winding of the synchronous
machine or generator. An excitation system provides feature such as high reliability of operation, ease of
maintenance, stability and fast transient response under all service conditions.
The growing adoption of excitation systems in synchronous machines owing to the capability of
safeguarding long-term reliable operations is expected to drive the global excitation systems market.
Increasing demand for unregulated power supply is one of the key drivers in the global excitation
systems market. Furthermore, the Complex design of excitation systems is leading to difficulty in
maintenance, which is limiting the growth in the global excitation systems market.
Increasing use of excitation systems in the solar and wind power applications and the rise in demand for
synchronous machines in the HVDC network are the opportunities in the global excitation systems
market. Improvement of voltage source converter excitation systems over conventional thyristor-based
static excitation systems as a substitute is the challenge in the global excitation systems market.
The objective of the report is to present a comprehensive assessment of the global excitation systems
market and contains considerate insights, facts, historical data, i