Excitation System Market Size, Share & Industry Analysis, By System Type (Brushless Excitation System, Static Excitation System), By Application (Synchronous Motors, Synchronous Generators) And Regional Forecast, 2024-2032

The excitation system is an internal part of the synchronous machine, and performs protection and control functions as a supplementary input by flux production and passing current to the rotor winding of the synchronous machine. The requirement of excitation depends on system needs, the more excitation is needed in the system where the load current is large.  The well-designed excitation system is providing reliability, simple controls, stability and fast transient response, easy maintenance under all the service conditions.

Based on the system type, the market is segmented into a brushless excitation system and a static excitation system. The brushless excitation system requires less maintenance due to the absence of brushes and slip rings which also results in power reduction. Other than that, the elimination of the commutator due to the direct connection of the main exciter to the main alternators results in improved signal and dynamic performance for the application of stabilizing signals. Based on this factor, the brushless excitation system is anticipated to dominate the market segment.

Based on the application, the market is segmented into synchronous generators and synchronous motors. The large synchronous motors use a brushless excitation system, where a brushless exciter is directly connected to the field winding and is used for power transformation in power plant applications. Therefore, the synchronous machine is exclusively used for the generation, transmission, and distribution of electric power, which is considered a major driving factor for excitation systems and dominates the market segment.

The rising demand for synchronous machines in many power generation units for safe and reliable and stable operations with continuous power supply and effective plant operations acts as the major market drivers for the excitation system market.

The efficiency of the power plant relays on the maintenance activities of the system equipment and can result in unplanned events and breakdown of a system if the excitation system is not maintained timely, which acts as the market restraints for the excitation system market.

Key players covered:

Some of the major companies that are present in the global excitation system market are ABB, Siemens Energy, GE, ANDRITZ Group, Nidec Corporation, Emerson, Mitsubishi Electric Corporation, Basler Electric, NR Electric Co., PLUTON Group, Excitation & Engineering Services, Voith Group, and WEG.

Regional analysis:

The excitation system market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific the rapid growth of renewable energy bases and the addition of capacity for grids and transmission owing to the expansion of the industrial sector in countries like India, China, and others is having a significate demand for excitation system and drives the market across the region.  Following Asia-Pacific, North America & Europe focuses on renewable energy projects and energy-efficient sectors; to connect the main grid with the renewable energy source, in support of electrification and transportation of electric supply across the region, which might have an impact on the excitation system market to meet the demand.

Segmentation

Key Industry Developments

• In September 2020, GE Renewable Energy was selected to commissioned and supply 500MV of turbine capacity to the Kundah hydropower plant in India. GE was responsible for designing, manufacturing, and supervising of storage turbine, excitation system, control & protection system, and other systems for the plant.


• In November 2019, ABB has bagged the contract of a Copal hydroelectric power plant in Brazil. the contract involves upgradation of the excitation system and turbine speed regulations which has resulted in improved performance and reliability of the hydroelectric plant.