Solid State Transformer Market Worth USD 891.12 Mn by 2026 | CAGR 21.9%

Solid State Transformer


Recent study titled, "Solid State Transformer Market (By Product: Distribution SST, Traction SST, Power SST; By Component: Converters, Switches, High-frequency Transformers, Others; By Application: Alternative Power Generation, Traction Locomotives, Power Distribution, Electric Vehicle Charging, Others (UPQC, etc.)) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026" which covers detailed statistical analysis and enlightens market dynamics and trends that provide a holistic picture of the industry.

The Global Solid State Transformer Market size is expected to reach USD 891.12 Million by the end of year 2026. The market is estimated to grow at a CAGR of 21.9% over the forecast period 2019-2026.
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Solid state transformer is a rising technology that can convey the bi-directional power stream and receptive power remuneration in the power dissemination frameworks. Power age, transmission, and appropriation are the three principal constituents of the cutting edge power framework, in which the solid-state transformer assumes a noteworthy job in adaptable tasks. Also, they are generally embraced in different applications, which would encourage the smooth change from AC to DC and DC to AC, other than voltage transformation. Organizations working in this market are searching for rising interests in R&D which further empowers to convey progressively productive solid-state transformers, subsequently improving the growth during the figure time frame. The requirement for proficient power supply and minimal effort power is essentially promising power organizations to build up the solid-state transformer technology. The technology is foreseen to be popularized by 2026 and is relied upon to clear path for huge scale reception of SSTs for sustainable power source conveyance and savvy network frameworks.
The global solid state transformer market is segmented into product, component, application, and region. On the basis of product, the global market is segmented into distribution SST, traction SST, and power SST. On the basis of component, the global market is segmented into converters, switches, high-frequency transformers, and others. On the basis of application, the global market is segmented into alternative power generation, traction locomotives, power distribution, electric vehicle charging, and others (UPQC, etc.). On the basis of geography, the global market is segment into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The smart transformer market is attempted to pick up footing over the estimated time frame as these transformers are required to be popularized by 2026. The progressive move from conventional transformers and rising tendency towards the usage of SST is dared to push the business growth. Besides, the developing headways in brilliant network arrangements are relied upon to encourage the selection of SSTs over the figure time frame. Different components that are foreseen to drive the business growth are developing railroad foundation in creating regions and execution of sustainable power sources, for example, wind and solar vitality. The business is ready to develop at a critical pace, attributable to the favorable circumstances given by SSTs. Advantages, for example, bidirectional power stream, productive power transmission, and AC to DC change are required to additionally push the interest for SST.
The power solid state transformer fragment overwhelmed the market in the recent past and is projected to continue its dominance over the forecast period. These SSTs are practical and subsequently, are relied upon to observe higher reception in creating regions, for example, the Asia Pacific and Latin America. Highlights, for example, bidirectional supply are relied upon to upgrade the power circulation proficiency of these transformers, which is foreseen to additionally drive their appropriation.
The traction SST is assessed to enroll a substantial CAGR from 2018 to 2026 and is the quickest developing item portion. The improvement of railroad foundation in creating regions is relied upon to invigorate the interest for footing SSTs. Moreover, highlights, for example, minimal structure and lightweight are ventured to drive their selection over the conjecture time frame.
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Converter created the most noteworthy income in 2016 and was esteemed at USD 48.6 million. Converters structure the center parts and are utilized for assembling SSTs. In addition, the uses of the transformers can be expanded utilizing distinctive setups of converters. Besides, the utilization of various setups improves the power supply effectiveness and increment the working existence of the SSTs.
Europe is foreseen to hold the most extreme offer of the worldwide market during the gauge time frame. The market in the region is anticipated to extend at the greatest CAGR during the gauge time frame. In 2018, Europe represented 35.79% offer of the worldwide solid state transformer market. This is inferable from countless sustainable power sources and high interests in innovative work exercises in the region.
The business players involve predominantly enormous players in the power and vitality industry and are principally centered on holding their market share. Besides, these organizations have a multi-regional nearness and witness the firm challenge. Putting resources into technologies that would build their market share is the principal territory of the center for the organizations. Therefore, they are to a great extent engaged with the advancement of SST technology.
Major companies contributing the global solid state transformer market are Varentec, Inc., Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, Gridbridge, Inc., General Electric Co., Eaton, Amantys Limited, Alstom SA, and ABB Ltd.
TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Solid State Transformer
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Solid State Transformer Market By Product
1.2.2.1. Global Solid State Transformer Market Revenue and Growth Rate Comparison By Product (2015-2026)
1.2.2.2. Global Solid State Transformer Market Revenue Share By Product in 2017
1.2.2.3. Distribution SST
1.2.2.4. Traction SST
1.2.2.5. Power SST
1.2.2.6. Others
1.2.3. Solid State Transformer Market By Component
1.2.3.1. Global Solid State Transformer Market Revenue and Growth Rate Comparison By Component (2015-2026)
1.2.3.2. Converters
1.2.3.3. Switches
1.2.3.4. High-frequency Transformers
1.2.3.5. Others
1.2.4. Solid State Transformer Market By Application
1.2.4.1. Global Solid State Transformer Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.4.2. Alternative Power Generation
1.2.4.3. Traction Locomotives
1.2.4.4. Power Distribution
1.2.4.5. Electric Vehicle Charging
1.2.4.6. Others (UPQC, etc.)
1.2.5. Solid State Transformer Market by Geography
1.2.5.1. Global Solid State Transformer Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Solid State Transformer Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Solid State Transformer Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Solid State Transformer Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Solid State Transformer Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Solid State Transformer Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Solid State Transformer Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Solid State Transformer Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Solid State Transformer Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Solid State Transformer Major Manufacturers in 2017
CHAPTER 4. SOLID STATE TRANSFORMER MARKET BY PRODUCT
4.1. Global Solid State Transformer Revenue By Product
4.2. Distribution SST
4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.3. Traction SST
4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.4. Power SST
4.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.5. Other
4.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
CHAPTER 5. SOLID STATE TRANSFORMER MARKET BY COMPONENT
5.1. Global Solid State Transformer Revenue By Component
5.2. Converters
5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. Switches
5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.4. High-frequency Transformers
5.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.5. Others
5.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
CHAPTER 6. SOLID STATE TRANSFORMER MARKET BY APPLICATION
6.1. Global Solid State Transformer Revenue By Application
6.2. Alternative Power Generation
6.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.3. Traction Locomotives
6.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.4. Power Distribution
6.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.5. Electric Vehicle Charging
6.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.6. Others (UPQC, etc.)
6.6.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.6.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
CHAPTER 7. NORTH AMERICA SOLID STATE TRANSFORMER MARKET BY COUNTRY
7.1. North America Solid State Transformer Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2. North America Solid State Transformer Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Solid State Transformer Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
7.3.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
7.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
7.4.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
7.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.5. Mexico
7.5.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
7.5.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
7.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
CHAPTER 8. EUROPE SOLID STATE TRANSFORMER MARKET BY COUNTRY
8.1. Europe Solid State Transformer Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2. Europe Solid State Transformer Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
8.3.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
8.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
8.4.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
8.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
8.5.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
8.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
8.6.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
8.6.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
8.7.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
8.7.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC SOLID STATE TRANSFORMER MARKET BY COUNTRY
9.1. Asia-Pacific Solid State Transformer Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2. Asia-Pacific Solid State Transformer Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
9.3.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
9.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
9.4.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
9.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
9.5.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
9.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
9.6.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
9.7.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
9.7.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
9.8.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
9.8.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
CHAPTER 10. LATIN AMERICA SOLID STATE TRANSFORMER MARKET BY COUNTRY
10.1. Latin America Solid State Transformer Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. Latin America Solid State Transformer Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
10.3.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
10.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.4. Argentina
10.4.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
10.4.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
10.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
10.5.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
10.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
CHAPTER 11. MIDDLE EAST SOLID STATE TRANSFORMER MARKET BY COUNTRY
11.1. Middle East Solid State Transformer Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Middle East Solid State Transformer Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Saudi Arabia
11.3.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
11.3.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
11.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.4. UAE
11.4.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
11.4.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
11.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.5. Rest of Middle East
11.5.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
11.5.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
11.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
CHAPTER 12. AFRICA SOLID STATE TRANSFORMER MARKET BY COUNTRY
12.1. Africa Solid State Transformer Market Revenue and Growth Rate, 2015 – 2026 ($Million)
12.2. Africa Solid State Transformer Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. South Africa
12.3.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
12.3.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
12.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
12.4. Egypt
12.4.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
12.4.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
12.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
12.5. Rest of Africa
12.5.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
12.5.2. Market Revenue and Forecast By Component, 2015 – 2026 ($Million)
12.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. Varentec, Inc.
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Siemens AG
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Schneider Electric SE
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Mitsubishi Electric Corporation
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Gridbridge, Inc.
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. General Electric Co.
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Eaton
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Amantys Limited
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Alstom SA
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. ABB Ltd.
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Type Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. Others
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Type Portfolio
13.11.5. Key Developments
13.11.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
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