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EXCITATION SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Excitation Systems Market, By Type (Static and Rotational), By Controller Type (Analog and Digital), By Application (Synchronous Generator and Synchronous Motor), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : May 2024
  • Code : CMI7029
  • Pages :160
  • Formats :
      Excel and PDF
  • Industry : Smart Technologies

Market Concentration and Competitive Landscape

Excitation Systems Market  Concentration By Players

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Compensation of Renewables

The increasing presence of intermittent renewable energy sources like solar and wind is presenting new operational challenges for conventional generators and grid operators. The variable and sometimes erratic power output from renewables needs to be balanced instantaneously with alterable "dispatchable" resources to ensure grid stability at all times. Here excitation systems play a crucial role in providing critical frequency and voltage support to compensate for renewable power fluctuations.

Utility-scale solar and wind farms are already a major part of the energy mix in many regions worldwide. Moreover, the individual and cumulative impact of distributed rooftop solar installations on low voltage distribution grids is also rising substantially. Maintaining grid code compliance and power quality norms under these dynamic conditions requires generators to rapidly adjust their reactive power and terminal voltage capabilities.

For instance, in March 2020, Nidec Leroy-Somer electric motors manufacturer, launched TAL 0473. TAL 0473 delivers a nominal power between 400 kVA and 660 kVA at 50 Hz (from 495 kVA to 825 kVA at 60 Hz). The alternator features a SHUNT excitation system and an R150 regulator as standard.

Key Players Insights
  • ABB
  • Siemens Energy
  • General Electric
  • ANDRITZ Group
  • Voith Group
  • Nidec Corporation
  • KONCAR Group
  • Emerson
  • Melrose Industries PLC
  • Mitsubishi Electric Corporation
  • WEG
  • Tenel S.R.O
  • Basler Electric
  • Automation Electronics India
  • Amtech Power Ltd.
  • Reivax
  • Veo Oy
  • L & S Electric
  • PLUTON Group
  • NR Electric Co. Ltd
  • Birr Machines
  • SVEA Power
  • Excitation & Engineering Services Ltd
  • Nelumbo Icona Controls Pvt. Ltd
  • F&S PROZESSAUTOMATION GmbH

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