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Solid State Transformer Market

Solid State Transformer Market Forecasts to 2028 – Global Analysis By Voltage Level (High Voltage (HV), Medium Voltage (MV), Low Voltage (LV)), Component (Converters, Switches, High Voltage Inductors), and By Geography

4.7 (95 reviews)
Published: October 2021 ID: SMRC21058
4.7 (95 reviews)
Published: October 2021 ID: SMRC21058

This report covers the impact of COVID-19 on this global market

Global Solid State Transformer Market

According to Stratistics MRC, the Global Solid State Transformer Market is accounted for $142.96 million in 2020 and is expected to reach $519.40 million by 2028 growing at a CAGR of 17.5% during the forecast period. Growing investments in smart grids & energy systems and rising inclination for alternative energy sector are the major factors propelling the market growth. However, reluctance of power companies to replace aging energy infrastructures and high initial costs of solid-state transformers are hampering the market growth.

Solid-state transformer (SST) is an advanced type of transformer that incorporates various semiconductor control circuits, components, and another high-frequency transformer. Compared to traditional transformers, it enhances the quality of the power by controlling voltage fluctuations. It allows voltage conversion from Alternate Current (AC) to Direct Current (DC), DC to AC, and also DC to DC on different voltage levels.

Based on application, the renewable power generation segment is estimated to have a lucrative growth due to the expected early adoption of these transformers for power generation from wind, solar, and tidal energy. Wind, sun, and tides are alternative sources of energy for power generation as they have the potential to cater to the ever-increasing global requirement of energy, along with reducing the carbon footprint.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growing investment in smart grid technology and the increasing demand for electricity leading to increasing investment in power infrastructure all over the region. With the growing investment on distribution networks, the companies are now focusing on smart grids, which is likely to drive the demand for SST in the country during the forecast period.

Some of the key players profiled in the Global Solid State Transformer Market include Alstom SA, Amantys, Eaton, Ermco, General Electric, Hitachi, Mitsubishi Electric, Power Systems and Controls, Ins, Red Box Aviation, Schneider Electric, Siemens, SPX Transformer Solutions, Varentec, and VOLLSPARK.
 
Product Types Covered:

• Distribution Solid-State Transformer
• Power Solid-State Transformer
• Traction Solid-State Transformer

Voltage Levels Covered:
• High Voltage (HV)
• Medium Voltage (MV)
• Low Voltage (LV)

Components Covered:
• Converters
• Switches
• High-frequency Transformers
• High Voltage Inductors
• High Voltage Capacitors
• High Voltage Resistors

Configurations Covered:
• Single Stage SST
• Two Stage with Low Voltage Direct Current (LVDC) Link
• Two Stage with High Voltage Direct Current (HVDC) Link
• Three Stage SST

Applications Covered:
• Automotive
• Electric Vehicle Charging Stations
• Photovoltaic System
• Power Distribution
• Power Grids
• Smart Grid
• Renewable Power Generation
• Traction Locomotives
• Unified Power Quality Controller (UPQC)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary        
          
2 Preface         

 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 Product Analysis       
 3.7 Application Analysis      
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Solid State Transformer Market, By Product Type    

 5.1 Introduction       
 5.2 Distribution Solid-State Transformer     
 5.3 Power Solid-State Transformer     
 5.4 Traction Solid-State Transformer     
          
6 Global Solid State Transformer Market, By Voltage Level    
 6.1 Introduction       
 6.2 High Voltage (HV)       
 6.3 Medium Voltage (MV)      
 6.4 Low Voltage (LV)       
          
7 Global Solid State Transformer Market, By Component    
 7.1 Introduction       
 7.2 Converters       
  7.2.1 AC to DC Converters     
  7.2.2 DC to AC Converters     
  7.2.3 DC to DC Converters     
  7.2.4 AC to AC Converters     
 7.3 Switches        
  7.3.1 Silicon Carbide (SiC) Power Metal-Oxide-Semiconductor Field Effect Transistor (MOSFET)
  7.3.2 Power Diodes      
  7.3.3 Insulated Gate Bi-Polar Transistors    
 7.4 High-frequency Transformers      
 7.5 High Voltage Inductors      
 7.6 High Voltage Capacitors      
 7.7 High Voltage Resistors      
          
8 Global Solid State Transformer Market, By Configuration    
 8.1 Introduction       
 8.2 Single Stage SST       
 8.3 Two Stage with Low Voltage Direct Current (LVDC) Link   
 8.4 Two Stage with High Voltage Direct Current (HVDC) Link   
 8.5 Three Stage SST        
          
9 Global Solid State Transformer Market, By Application    
 9.1 Introduction       
 9.2 Automotive       
 9.3 Electric Vehicle Charging Stations     
 9.4 Photovoltaic System      
 9.5 Power Distribution       
 9.6 Power Grids       
 9.7 Smart Grid       
 9.8 Renewable Power Generation      
  9.8.1 Wind Power      
  9.8.2 Solar Power      
  9.8.3 Tidal Power      
 9.9 Traction Locomotives      
 9.10 Unified Power Quality Controller (UPQC)     
          
10 Global Solid State Transformer Market, By Geography    
 10.1 Introduction       
 10.2 North America       
  10.2.1 US       
  10.2.2 Canada       
  10.2.3 Mexico       
 10.3 Europe        
  10.3.1 Germany       
  10.3.2 UK       
  10.3.3 Italy       
  10.3.4 France       
  10.3.5 Spain       
  10.3.6 Rest of Europe      
 10.4 Asia Pacific       
  10.4.1 Japan       
  10.4.2 China       
  10.4.3 India       
  10.4.4 Australia       
  10.4.5 New Zealand      
  10.4.6 South Korea      
  10.4.7 Rest of Asia Pacific      
 10.5 South America       
  10.5.1 Argentina      
  10.5.2 Brazil       
  10.5.3 Chile       
  10.5.4 Rest of South America     
 10.6 Middle East & Africa      
  10.6.1 Saudi Arabia      
  10.6.2 UAE       
  10.6.3 Qatar       
  10.6.4 South Africa      
  10.6.5 Rest of Middle East & Africa     
          
11 Key Developments        
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 11.2 Acquisitions & Mergers      
 11.3 New Product Launch      
 11.4 Expansions       
 11.5 Other Key Strategies      
          
12 Company Profiling        
 12.1 Alstom SA       
 12.2 Amantys         
 12.3 Eaton        
 12.4 Ermco        
 12.5 General Electric       
 12.6 Hitachi         
 12.7 Mitsubishi Electric       
 12.8 Power Systems and Controls, Ins     
 12.9 Red Box Aviation       
 12.10 Schneider Electric       
 12.11 Siemens        
 12.12 SPX Transformer Solutions      
 12.13 Varentec        
 12.14 VOLLSPARK        


List of Tables         
1 Global Solid State Transformer Market Outlook, By Region (2019-2028) ($MN)  
2 Global Solid State Transformer Market Outlook, By Product Type (2019-2028) ($MN) 
3 Global Solid State Transformer Market Outlook, By Distribution Solid-State Transformer (2019-2028) ($MN)
4 Global Solid State Transformer Market Outlook, By Power Solid-State Transformer (2019-2028) ($MN)
5 Global Solid State Transformer Market Outlook, By Traction Solid-State Transformer (2019-2028) ($MN)
6 Global Solid State Transformer Market Outlook, By Voltage Level (2019-2028) ($MN) 
7 Global Solid State Transformer Market Outlook, By High Voltage (HV) (2019-2028) ($MN) 
8 Global Solid State Transformer Market Outlook, By Medium Voltage (MV) (2019-2028) ($MN) 
9 Global Solid State Transformer Market Outlook, By Low Voltage (LV) (2019-2028) ($MN) 
10 Global Solid State Transformer Market Outlook, By Component (2019-2028) ($MN)  
11 Global Solid State Transformer Market Outlook, By Converters (2019-2028) ($MN)  
12 Global Solid State Transformer Market Outlook, By AC to DC Converters (2019-2028) ($MN) 
13 Global Solid State Transformer Market Outlook, By DC to AC Converters (2019-2028) ($MN) 
14 Global Solid State Transformer Market Outlook, By DC to DC Converters (2019-2028) ($MN) 
15 Global Solid State Transformer Market Outlook, By AC to AC Converters (2019-2028) ($MN) 
16 Global Solid State Transformer Market Outlook, By Switches (2019-2028) ($MN)  
17 Global Solid State Transformer Market Outlook, By Silicon Carbide (SiC) Power Metal-Oxide-Semiconductor Field Effect Transistor (MOSFET) (2019-2028) ($MN)
18 Global Solid State Transformer Market Outlook, By Power Diodes (2019-2028) ($MN) 
19 Global Solid State Transformer Market Outlook, By Insulated Gate Bi-Polar Transistors (2019-2028) ($MN)
20 Global Solid State Transformer Market Outlook, By High-frequency Transformers (2019-2028) ($MN)
21 Global Solid State Transformer Market Outlook, By High Voltage Inductors (2019-2028) ($MN) 
22 Global Solid State Transformer Market Outlook, By High Voltage Capacitors (2019-2028) ($MN)
23 Global Solid State Transformer Market Outlook, By High Voltage Resistors (2019-2028) ($MN) 
24 Global Solid State Transformer Market Outlook, By Configuration (2019-2028) ($MN) 
25 Global Solid State Transformer Market Outlook, By Single Stage SST (2019-2028) ($MN) 
26 Global Solid State Transformer Market Outlook, By Two Stage with Low Voltage Direct Current (LVDC) Link (2019-2028) ($MN)
27 Global Solid State Transformer Market Outlook, By Two Stage with High Voltage Direct Current (HVDC) Link (2019-2028) ($MN)
28 Global Solid State Transformer Market Outlook, By Three Stage SST  (2019-2028) ($MN) 
29 Global Solid State Transformer Market Outlook, By Application (2019-2028) ($MN)  
30 Global Solid State Transformer Market Outlook, By Automotive (2019-2028) ($MN)  
31 Global Solid State Transformer Market Outlook, By Electric Vehicle Charging Stations (2019-2028) ($MN)
32 Global Solid State Transformer Market Outlook, By Photovoltaic System (2019-2028) ($MN) 
33 Global Solid State Transformer Market Outlook, By Power Distribution (2019-2028) ($MN) 
34 Global Solid State Transformer Market Outlook, By Power Grids (2019-2028) ($MN)  
35 Global Solid State Transformer Market Outlook, By Smart Grid (2019-2028) ($MN)  
36 Global Solid State Transformer Market Outlook, By Renewable Power Generation (2019-2028) ($MN)
37 Global Solid State Transformer Market Outlook, By Wind Power (2019-2028) ($MN)  
38 Global Solid State Transformer Market Outlook, By Solar Power (2019-2028) ($MN)  
39 Global Solid State Transformer Market Outlook, By Tidal Power (2019-2028) ($MN)  
40 Global Solid State Transformer Market Outlook, By Traction Locomotives (2019-2028) ($MN) 
41 Global Solid State Transformer Market Outlook, By Unified Power Quality Controller (UPQC) (2019-2028) ($MN)
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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