Excitation Systems Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Excitation Systems Market Growth and it is Segmented by Type (Static and Brushless), Application (Synchronous Generator and Synchronous Motors), and Geography (North America, Asia-Pacific, Europe, South America, and Middle-East and Africa).

Excitation Systems Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Excitation Systems Market Size

excitation systems market size
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 4.35 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

excitation systems market major players

*Disclaimer: Major Players sorted in no particular order

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Excitation Systems Market Analysis

The Excitation System Market is expected to register a CAGR of greater than 4.35% during the forecast period.

  • Brushless excitation systems are expected to be the fastest-growing segment due to their advantages, including less maintenance and power loss reduction due to the absence of brushes and slip rings.
  • Increasing demand for synchronous machines in the HVDC network is expected to provide immense opportunities for the market in the coming years.
  • Asia-Pacific is expected to be the fastest-growing market during the forecast period, owing to the expansion of the industrial sector, especially in China and India.

Excitation Systems Industry Overview

The excitation system market is fragmented. Some of the major players include ABB Ltd, Andritz AG, General Electric Company, Voith Group, and Siemens AG.

Excitation Systems Market Leaders

  1. Andritz AG

  2. General Electric Company

  3. Voith Group

  4. Siemens Energy

  5. ABB Ltd

  6. *Disclaimer: Major Players sorted in no particular order
ABB Ltd, Andritz AG, General Electric Company, Voith Group, Siemens AG.
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Excitation Systems Market News

  • In November 2020, ABB won a contract to provide excitation systems and speed regulation for four generator units at the Governador José Richa hydropower plant on the Iguazu River. The solution helped Copel (Companhia Paranaense de Energia) enhance the visibility of its operational data using predictive diagnostics.
  • In May 2020, ANDRITZ signed a contract with Companhia Hidrelétrica do São Francisco (CHESF) to perform complete modernization and digitalization of the Sobradinho hydropower plant located on the São Francisco river, Brazil. The scope of supply comprises medium and low-voltage cubicles, excitation systems, turbine governor and protection, repair service, transformers, cooling, and ventilation systems.

Excitation Systems Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Static
    • 5.1.2 Brushless
  • 5.2 Application
    • 5.2.1 Synchronous Generators
    • 5.2.2 Synchronous Motors
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Asia-Pacific
    • 5.3.3 Europe
    • 5.3.4 South America
    • 5.3.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 ABB Ltd
    • 6.3.2 Siemens AG
    • 6.3.3 General Electric Company
    • 6.3.4 Andritz AG
    • 6.3.5 Voith Group
    • 6.3.6 Amtech Power Ltd
    • 6.3.7 Basler Electric Co.
    • 6.3.8 TENEL SRO
    • 6.3.9 VEO Oy
    • 6.3.10 KONČAR - Electronics and Informatics Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Excitation Systems Industry Segmentation

The scope of the excitation system market report includes:

Type Static
Brushless
Application Synchronous Generators
Synchronous Motors
Geography North America
Asia-Pacific
Europe
South America
Middle-East and Africa
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Excitation Systems Market Research FAQs

What is the current Excitation System Market size?

The Excitation System Market is projected to register a CAGR of greater than 4.35% during the forecast period (2025-2030)

Who are the key players in Excitation System Market?

Andritz AG, General Electric Company, Voith Group, Siemens Energy and ABB Ltd are the major companies operating in the Excitation System Market.

Which is the fastest growing region in Excitation System Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Excitation System Market?

In 2025, the North America accounts for the largest market share in Excitation System Market.

What years does this Excitation System Market cover?

The report covers the Excitation System Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Excitation System Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Excitation Systems Industry Report

Statistics for the 2025 Excitation System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Excitation System analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.