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Excitation Systems Market Worth $3.4 Billion by 2026 - Exclusive Report by MarketsandMarkets 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 from an estimated USD 2.7 billion in 2021 to USD 3.4 billion by 2026, at a CAGR of 4.4%. Key factors projected to drive the growth of the Excitation Systems Market are their ability to ensure long-term reliable operations and increasing demand for synchronous machines to ensure optimal reactive power flow in power distribution plants. However, the complex design of excitation systems makes the maintenance process difficult, which acts as a restraint for the growth of the Excitation Systems Market.

United statesKostenloser wertpapierhandelAsia pacificAashish mehraGroup austriaResearch insightWorld bankPower market research reports consultingSiemens energy germanyIndustry oil gasSystems marketController typeSynchronous generatorsAsynchronous motorsEnd userPower generation