Excitation Systems Market expected to Grow $3.4 Billion by 2026
According to the new market research report
“Excitation Systems Market by Type (Static and Brushless), Controller
Type (Analog and Digital), Application (Synchronous Generators and Synchronous
Motors), End User (Power Generation, Heavy Industries, and OEMs) and Region –
Global Forecast to 2026″, published
by MarketsandMarkets™, the Excitation Systems Market is expected to grow...
Excitation Systems Market Projected to reach $3.12 Billion by 2023
The global excitation systems market is expected to grow from an estimated USD 2.64
Billion in 2018 to USD 3.12 Billion by 2023, at a CAGR of 3.38% from 2018 to
2023. Rising demand for synchronous machines in end-use applications such as
hydro as well as thermal power plants is expected to drive the global
excitation systems market during the forecast period. Furthermore, the ability
of excitation...
Increasing adoption of the energy efficient standards in the industry of motors
The applications in the energy efficient motors market vary from one another and have a diversified base in various industrial sectors.. Electric motors may consumenearly 30% to 40% of the global generated electricity. Electric motors are used by the end-users where mechanical energy is required. The basic principle of the electric motors is to convert electrical energy into rotary mechanical energy,...