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Excitation Systems Market Worth $3.4 Billion by 2026 - Exclusive Report by MarketsandMarkets™


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. ....

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Biofuels Market to witness significant growth at a healthy 5.10% CAGR | Market Research Future (MRFR)


COVID-19 Analysis 
The COVID-19 outbreak has turned the world upside down. It has impacted the worldwide economy and also cast its shadow on different industries, which also includes the biofuels market. This industry has been hit hard due to the sharp decline in the demand for fuel across the country, with residents following the federal, state, and local guidance to minimize travel and practice social distancing. Lockdown measures have resulted in a contraction in demand for transport fuels into which the biofuels are blended. Besides, low prices of oil mean biofuels are less competitive, thus will struggle to maintain the market share. The aviation industry is the hardest hit from the ongoing crisis, with most airlines needing government bailouts while others are facing bankruptcy. Thus investments in bio-jet programs may suffer. Biofuel producer margins have faced tremendous pressure for low oil prices, supply disruptions affecting feedstocks, and reduced demand. Low marg ....

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