Excitation Systems Market overview by recent opportunities, growth size, regional analysis and forecasts to 2031

Global Excitation Systems report from Global Insight Services is the single authoritative source of intelligence on Excitation Systems market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Excitation systems are used in power plants to control the speed and direction of the generator's rotation. The system provides the generator with a rotating magnetic field, which is necessary for it to produce electricity. Excitation systems can be either static or rotating. Static systems use a set of magnets to create the magnetic field, while rotating systems use an electromagnet.

Key Trends
The key trends in Excitation Systems technology are:
1. The move towards digital excitation systems: With the advent of digital technology, more and more manufacturers are offering digital excitation systems. These systems offer many benefits over traditional analog systems, including improved accuracy, greater flexibility, and easier integration with other digital systems.
2. The use of permanent magnets: Permanent magnets are increasingly being used in excitation systems, due to their many advantages over electromagnets. Permanent magnets are more efficient, require less maintenance, and are more compact.
3. The trend towards higher voltages: In order to increase the power output of excitation systems, manufacturers are trending.

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Market Segments
The Excitation Systems Market is segmented by type, controller type, application, end user, and region. Depending on type, the market is bifurcated into static and rotational. On the basis of controller type, it is categorized into analog and digital. As per application, it is classified into synchronous generator and synchronous motor. The end users covered in the study include power generation and other industrial. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players
The Excitation Systems Market includes players such as ABB, Andritz AG, Basler Electric Company, Fuji Electric Co., General Electric, Mitsubishi Electric Corporation, Siemens AG, Tenel, s.r.o., Voith GmbH & Co. KGaA, and WEG Group.

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Restraints & Challenges
The key restraints and challenges in Excitation Systems market include the high cost of equipment and the need for trained personnel. Additionally, the market is highly competitive, with a large number of manufacturers offering similar products.
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