Solid State Transformer Market by Product (Distribution Solid State Transformer, Traction Solid State Transformer, and Power Solid State Transformer), by Component (Converters, Switches, High-Frequency Transformers, and Others), and by Application (Electric Vehicle (EV) Charging Stations, Traction Locomotives, Alternative Power Generation, Power (Distribution) Grid, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024

Global solid state transformer market expected to reach approximately USD 495 million by 2024, at a CAGR of slightly above 24.8%between 2018 and 2024. The solid state transformer market is likely to be fuelled by the increase in the use of traction locomotives and electric vehicles and the rising priority of renewable energy source.

15-Jan-2019 | Number of pages: 110 | Report Code: ZMR-1286 | Report Format : | Status : Published

Abstract

The report covers a forecast and an analysis of the solid state transformer market on a global and regional level. The study provides historical data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints of the solid state transformer market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the solid state transformer market on a global level.

This report offers a comprehensive view of the global solid state transformer market along with market trends, drivers, and restraints of the market. This report includes a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the solid state transformer market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Solid State Transformer Market

The study provides a decisive view of the solid state transformer market by segmenting the market based on product, component, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. By product, this market includes power solid state transformer, traction solid state transformer, and distribution solid state transformer. By component, the solid state transformer market is classified into high-frequency transformers, converters, switches, and others. By application, the market includes electric vehicle charging, charging stations, traction locomotives, and alternative power generation. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some significant players of the global solid state transformer market are Cooper Power Systems, Siemens AG, ABB Ltd., General Electric Co., Alstom SA, Schneider Electric, and Mitsubishi Electric Corporation, among others.

This report segments the global solid state transformer market into:

Solid State Transformer Market: Product Analysis

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

Solid State Transformer Market: Component Analysis

  • Converters
    • AC to DC Converters
    • DC to AC Converters
    • DC to DC Converters
    • AC to AC Converters
  • Switches 
    • SIC power Mosfets
    • Power Diodes
    • Insulated-Gate Bipolar Transistors (IGBTS)
    • Sic Power Thyristors
  • High-Frequency Transformers
  • Others

Solid State Transformer Market: Application Analysis

  • Traction Locomotives 
  • Power (Distribution) Grid 
  • Electric Vehicle (EV) Charging Stations 
  • Alternative Power Generation 
    • Wind Power
    • Solar Power
    • Tidal Power
  • Others

Solid State Transformer Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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