Solid state transformer, also known as power electronic transformer (EPT), is a kind of electric power electronic transformation technology and electromagnetic induction principle based on the combination of high-frequency power conversion technology to achieve power characteristics of electricity into other Electric power characteristics of the static electrical equipment.
The market of solid state transformers is expected to be driven by the adoption of solid state transformers and demand for alternative power generation, traction locomotives, and power distribution in addition to the electrical vehicle charging stations.
Currently, Europe and North America are the most active regions in the research and development of solid state transformers, leading by several traditional transformer vendors such as ABB, GE, Siemens and others. The European market is expected to account for the largest market share, followed by North America and the Asia-Pacific. The growth of the North America market is expected to fuel by increasing installed capacity of renewable energy sources such as solar and wind energy.
North America is a prominent market for electric vehicle and the growth of electric vehicle charging stations further offers a huge growth opportunity for the solid state transformer market in this region.
According to this study, over the next five years the Solid State Transformers (SST) market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Solid State Transformers (SST) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Solid State Transformers (SST) market by product type, application, key manufacturers and key regions and countries.
This study considers the Solid State Transformers (SST) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Single-stage
Two-stage
Three-stage
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Alternative Power Generation
Smart Grid
Traction Locomotives
EV Charging
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
CREE, Inc.
STMicroelectronics
Infineon Technologies
Mitsubishi Electric Corporation
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Solid State Transformers (SST) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Solid State Transformers (SST) market by identifying its various subsegments.
Focuses on the key global Solid State Transformers (SST) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Solid State Transformers (SST) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Solid State Transformers (SST) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Solid State Transformers (SST) . Industry analysis & Market Report on Solid State Transformers (SST) is a syndicated market report, published as Global Solid State Transformers (SST) Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Solid State Transformers (SST) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.