The global excitation
systems market is expected to grow from an estimated USD 2.64 Billion in
2018 to USD 3.12 Billion by 2023, at a CAGR of 3.38% from 2018 to 2023. Rising
demand for synchronous machines in end-use applications such as hydro as well
as thermal power plants is expected to drive the global excitation systems
market during the forecast period. Furthermore, the ability of excitation
systems to ensure reliable long-term operation for synchronous machines is
likely to support the market growth.
Regional governments are promoting the use of
energy-efficient equipment to save electricity. Synchronous motors are expected
to play an important role in meeting energy efficiency targets as they are
highly efficient in comparison to the induction motor. High efficiency is
expected to drive the market for synchronous machines, thus supporting the
growth of excitation systems during the forecast period. Furthermore, rising
demand for synchronous machines in renewable power generation is also expected
to support the market growth of excitation systems.
Download PDF
Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=157025549
The excitation systems market, by controller type, has
been segmented into digital and analog control type segments. Digital control
type is expected to emerge as the largest and fastest growing segment. Digital
control systems help to improve 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. By application, synchronous generators are
expected to emerge as the largest and fastest growing segment during the
forecast period. Excitation protects the generator stator and rotor, controls
the stability of the power system and adjusts the plant voltage and reactive
power level automatically. It also enhances communication and offers fast and
reliable information on how to direct and control the network.
Asia Pacific is expected to be the fastest-growing market
for excitation systems from 2018 to 2023, followed by North America and Europe.
Countries such as the US, China, Canada, Russia, and India are the largest
markets for excitation systems. In the Asia Pacific, regional governments are
focusing on promoting the use of energy-efficient equipment to save
electricity. Synchronous motors are expected to play an important role in
meeting energy efficiency targets as they are highly efficient in comparison to
the induction motor. This factor is expected to drive the market for
synchronous machines, thus supporting the growth of excitation systems in the
region.
Request Sample
Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=157025549
Some of the major players
in the excitation systems market are Basler Electric (US), ABB (Switzerland),
GE (US), ANDRITZ AG (Austria), and Rolls Royce Holdings plc (UK).
About
MarketsandMarkets™:
MarketsandMarkets™ provides
quantified B2B research on 30,000 high growth niche opportunities/threats which
will impact 70% to 80% of worldwide companies’ revenues. Currently servicing
7500 customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and
SMEs at MarketsandMarkets™ are tracking global high growth markets following
the "Growth Engagement Model – GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify most
important customers, write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship
competitive intelligence and market research platform, "Knowledge
Store" connects over 200,000 markets and entire value chains for deeper
understanding of the unmet insights along with market sizing and forecasts of
niche markets.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
No comments:
Post a Comment