Global Solid State Transformers (SST) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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. Compared with the conventional transformer, EPT has many advantages, its outstanding feature is that the original current can be achieved, the side voltage and power of flexible control. EPT applied to the power system will improve the power quality; improve system stability, to achieve a flexible transmission and power market power flow under real-time control.

Scope of the Report:
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.
No wonder that solid state transformer is breakthrough technology, and it has huge imagination potential for the industry. But what should not be forgotten is that solid state transformer will not replace conventional transformer, without enough necessity. Proponents of solid-state transformers are not suggesting a rip-and-replace strategy for existing transformers. The strategy for the introduction of solid-state transformers will center around strategic benefits related to the 'green circuit' of the future, rolling out devices on feeders with high PV penetration and EV load.
The worldwide market for Solid State Transformers (SST) is expected to grow at a CAGR of roughly 21.3% over the next five years, will reach 200 million US$ in 2024, from 77 million US$ in 2019, according to a new study.
This report focuses on the Solid State Transformers (SST) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers
ABB
Siemens
General electric

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Single-stage
Two-stage
Three-stage

Market Segment by Applications, can be divided into
Alternative Power Generation
Smart Grid
Traction Locomotives
EV Charging
Others

The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Solid State Transformers (SST) product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Solid State Transformers (SST), with price, sales, revenue and global market share of Solid State Transformers (SST) in 2017 and 2018.
Chapter 3, the Solid State Transformers (SST) competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Solid State Transformers (SST) breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Solid State Transformers (SST) market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Solid State Transformers (SST) sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

  • By product type
  • By End User/Applications
  • By Technology
  • By Region

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

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