Excitation Systems Market Report Online (Business Opportunities - Marketing & Sales)

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Excitation Systems Market Report Online

Excitation Systems Market, by Type (Static and Brushless), Controller Type (Analog and Digital), Application (Synchronous Generators and Synchronous Motors), End User (Power Generation, Heavy Industries, and OEMs) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

The global excitation systems market size is projected to reach USD 3.5 billion by 2026 at a CAGR of 4.5% from USD 2.8 billion in 2021 during the forecast period 2021-2028.

Excitation system is defined as a system which provides field current to the rotor winding of a generator. Well-designed excitation system provides reliability of operation, stability and fast transient response. There are 3 major types of excitation system are 1. Direct current commutator exciters, alternator supplied rectifier excitation system, and static excitation system.

With the significant increase in the demand for synchronous machines along with the added advantage provided by them are some of the factors that have supported long-term expansion for Excitation Systems Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The decreased supply for electricity along with the decline in business activities have impacted the market in a negative way.

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Last Update : Jul 12, 2023 8:31 AM
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2024-02-24 (0.389 sec)