Excitation Systems Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Static, Brushless), By Application (Synchronous Generator, Synchronous Motors), By Region, By Competition, 2020-2030F

May 2025 | 188 pages | ID: EE0B3AE41977EN
TechSci Research

Abstracts

Market Overview

The Global Excitation Systems Market was valued at USD 3.3 billion in 2024 and is anticipated to reach USD 4.8 billion by 2030, growing at a CAGR of 6.2% during the forecast period. The market is driven by the increasing need for reliable and uninterrupted power supply in industrial and utility sectors, where excitation systems ensure the stable performance of synchronous generators. Modernization of power grids across both developed and emerging economies is further boosting demand for advanced excitation solutions that enhance voltage stability and system efficiency. The growing integration of renewable energy sources, such as hydro, solar, and wind, is adding complexity to grid operations, thereby increasing reliance on excitation systems for stable integration. Technological advancements like digital control features, SCADA compatibility, and real-time monitoring are improving system performance and encouraging adoption. Additionally, rapid industrialization in countries like India and China, along with the growing use of synchronous machines in power and industrial applications, is fueling sustained growth in the market.

Key Market Drivers

Rising Demand for Reliable and Uninterrupted Power Supply Across Industrial and Utility Sectors

The global excitation systems market is being significantly driven by the escalating need for a dependable and consistent power supply across industrial, commercial, and utility applications. With ongoing urbanization and industrial expansion, the reliance on electricity has surged across sectors such as oil & gas, data centers, manufacturing, and healthcare. These industries demand highly stable power systems to avoid downtime, operational disruptions, and costly equipment damage. Excitation systems are essential in maintaining such system stability and reliability. For instance, the State Grid Corporation of China announced a USD 250 billion investment plan over five years aimed at upgrading electric power infrastructure, allocating USD 45 billion specifically to smart grid technologies. Such investments are expected to strengthen grid stability and support the growth of excitation systems.

Key Market Challenges

High Initial Capital Costs and Complex Integration with Existing Infrastructure

A major constraint for the global excitation systems market is the substantial upfront investment required for modern systems, particularly static or digital variants. These systems not only involve high equipment costs but also incur expenses related to engineering, testing, installation, and commissioning. This can pose significant financial hurdles for small to medium-scale power facilities and budget-constrained utilities. Additionally, older infrastructure may not be compatible with new excitation technologies, requiring costly retrofits or custom engineering. Integration often involves downtime, complex technical adjustments, and the need for skilled labor, all of which further escalate costs. In cost-sensitive regions or regulated markets, where ROI is a critical consideration, operators may be reluctant to replace legacy systems, opting instead to maintain less efficient manual or brushless setups.

Key Market Trends

Shift Toward Digital and Fully Automated Excitation Systems

The transition toward digital and automated excitation systems is a defining trend in the global market. These systems are gaining traction due to their ability to deliver real-time control, improve operational reliability, and enable remote management. As modern power grids become increasingly complex—integrating renewable energy and distributed sources—the need for smart, adaptive excitation solutions is rising. Digital systems offer precise voltage control, fast response to disturbances, and advanced safety features like auto-tuning and diagnostic functions. Additionally, modern excitation systems incorporate microprocessor-based controllers and support communication standards like IEC 61850 and Modbus, making them compatible with SCADA systems and smart grid platforms. This enhances operational visibility and remote accessibility. Integration with asset management tools also enables predictive maintenance and lifecycle optimization, improving system reliability and return on investment.

Key Market Players

• ABB Ltd
• Siemens AG
• General Electric Company
• Andritz AG
• Voith Group
• Amtech Power Ltd
• Basler Electric Co.
• TENEL SRO

Report Scope:

In this report, the Global Excitation Systems Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Excitation Systems Market, By Type:
• Static
• Brushless
• Excitation Systems Market, By Application:
• Synchronous Generator
• Synchronous Motors
• Excitation Systems Market, By Region:
• North America
• United States
• Canada
• Mexico
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• South America
• Brazil
• Colombia
• Argentina
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Excitation Systems Market.

Available Customizations:

Global Excitation Systems Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Contents

1. PRODUCT OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
  1.2.1. Markets Covered
  1.2.2. Years Considered for Study
  1.2.3. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. VOICE OF CUSTOMER

5. GLOBAL EXCITATION SYSTEMS MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Type (Static, Brushless)
  5.2.2. By Application (Synchronous Generator, Synchronous Motors)
  5.2.3. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)
5.3. By Company (2024)
5.4. Market Map

6. NORTH AMERICA EXCITATION SYSTEMS MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Type
  6.2.2. By Application
  6.2.3. By Country
6.3. North America: Country Analysis
  6.3.1. United States Excitation Systems Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Type
      6.3.1.2.2. By Application
  6.3.2. Canada Excitation Systems Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Type
      6.3.2.2.2. By Application
  6.3.3. Mexico Excitation Systems Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Type
      6.3.3.2.2. By Application

7. EUROPE EXCITATION SYSTEMS MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Type
  7.2.2. By Application
  7.2.3. By Country
7.3. Europe: Country Analysis
  7.3.1. Germany Excitation Systems Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Type
      7.3.1.2.2. By Application
  7.3.2. France Excitation Systems Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Type
      7.3.2.2.2. By Application
  7.3.3. United Kingdom Excitation Systems Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Type
      7.3.3.2.2. By Application
  7.3.4. Italy Excitation Systems Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Type
      7.3.4.2.2. By Application
  7.3.5. Spain Excitation Systems Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Type
      7.3.5.2.2. By Application

8. ASIA PACIFIC EXCITATION SYSTEMS MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Type
  8.2.2. By Application
  8.2.3. By Country
8.3. Asia Pacific: Country Analysis
  8.3.1. China Excitation Systems Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Type
      8.3.1.2.2. By Application
  8.3.2. India Excitation Systems Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Type
      8.3.2.2.2. By Application
  8.3.3. Japan Excitation Systems Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Type
      8.3.3.2.2. By Application
  8.3.4. South Korea Excitation Systems Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Type
      8.3.4.2.2. By Application
  8.3.5. Australia Excitation Systems Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Type
      8.3.5.2.2. By Application

9. MIDDLE EAST & AFRICA EXCITATION SYSTEMS MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Type
  9.2.2. By Application
  9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
  9.3.1. Saudi Arabia Excitation Systems Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Type
      9.3.1.2.2. By Application
  9.3.2. UAE Excitation Systems Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Type
      9.3.2.2.2. By Application
  9.3.3. South Africa Excitation Systems Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Type
      9.3.3.2.2. By Application

10. SOUTH AMERICA EXCITATION SYSTEMS MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Type
  10.2.2. By Application
  10.2.3. By Country
10.3. South America: Country Analysis
  10.3.1. Brazil Excitation Systems Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Type
      10.3.1.2.2. By Application
  10.3.2. Colombia Excitation Systems Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Type
      10.3.2.2.2. By Application
  10.3.3. Argentina Excitation Systems Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Type
      10.3.3.2.2. By Application

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS AND DEVELOPMENTS

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. COMPANY PROFILES

13.1. ABB Ltd
  13.1.1. Business Overview
  13.1.2. Key Revenue and Financials
  13.1.3. Recent Developments
  13.1.4. Key Personnel
  13.1.5. Key Product/Services Offered
13.2. Siemens AG
13.3. General Electric Company
13.4. Andritz AG
13.5. Voith Group
13.6. Amtech Power Ltd
13.7. Basler Electric Co.
13.8. TENEL SRO

14. STRATEGIC RECOMMENDATIONS

15. ABOUT US & DISCLAIMER