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


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. ....

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Fuel Cell Market Eyeing Phenomenal Growth at a healthy CAGR of 14.5% | Market Research Future (MRFR)


COVID-19 Analysis 
The COVID-19 outbreak had a negative effect on the global fuel cell technology market owing to a lack of finances for research & development activities, project delays, and supply chain disruptions. The current demand for hydrogen from the chemical sector, steel manufacturing, and oil refining has been affected by the outbreak. 
Market Segmentation 
The MRFR report throws light on an inclusive analysis of the fuel cell technology market based on application and type. 
By type, the global fuel cell technology market is segmented into PAFC, DMFC, SOFC, MCFC, PEMFC, and others. Of these, the PEMFC segment will lead the market over the forecast period for the advances in technology.  ....

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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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