Solid State Transformer Market - Global Industry Analysis

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

Published Date: 15-Jan-2019 Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-1286 Status : Published

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.

Description

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

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global solid state transformer market, 2015 - 2024, (USD Million)
    • 2.2. Solid state transformer market: Market Snapshot
  •  
  • Chapter 3. Global Solid state transformer market - Industry Analysis
    • 3.1. Solid state transformer market: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Huge investments in the smart grids and energy systems
      • 3.2.2. Increasing emphasis on alternative energy production globally
    • 3.3. Restraints
      • 3.3.1. High initial Cost in the manufacturing and installation of solid-state transformers
    • 3.4. Opportunity
      • 3.4.1. The growth of the Electric Vehicle (EV) market and the allied infrastructure
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by product
      • 3.6.2. Market attractiveness analysis by component
      • 3.6.3. Market attractiveness analysis by application
      • 3.6.4. Market attractiveness analysis by region
  •  
  • Chapter 4. Global Solid state transformer market - Competitive Landscape
    • 4.1. Company market share analysis, 2017 (Subject to data availability)
  • Chapter 5. Global Solid state transformer market - Product Analysis
    • 5.1. Global solid state transformer market revenue share, by product 2017 & 2024
    • 5.2. Global solid state transformer market for distribution solid state transformer, 2015-2024 (USD Million)
    • 5.3. Global solid state transformer market for traction solid state transformer, 2015-2024 (USD Million)
    • 5.4. Global solid state transformer market for power solid state transformer, 2015-2024 (USD Million)
    • 5.5. Global solid state transformer market for others, 2015- 2024 (USD Million)
  •  
  • Chapter 6. Global Solid state transformer market - Component Analysis
    • 6.1. Global solid state transformer market revenue share, by component 2017 & 2024
    • 6.2. Global solid state transformer market for converters, 2015-2024 (USD Million)
    • 6.3. Global solid state transformer market for switches, 2015-2024 (USD Million)
    • 6.4. Global solid state transformer market for high-frequency transformers, 2015-2024 (USD Million)
    • 6.5. Global solid state transformer market for others, 2015- 2024 (USD Million)
  •  
  • Chapter 7. Global Solid state transformer market - Application Analysis
    • 7.1. Global solid state transformer market revenue share, by traction locomotives 2017 & 2024
    • 7.2. Global solid state transformer market for power (distribution) grid, 2015-2024 (USD Million)
    • 7.3. Global solid state transformer market electric vehicle (EV) charging stations, 2015-2024 (USD Million)
    • 7.4. Global solid state transformer market for alternative power generation, 2015-2024 (USD Million)
    • 7.5. Global solid state transformer market for others, 2015- 2024 (USD Million)
  •  
  • Chapter 8. Global Solid state transformer market - Regional Analysis
    • 8.1. Global solid state transformer market: Regional overview
      • 8.1.1. Global solid state transformer market revenue share, by region, 2016 and 2024
    • 8.2. North America
      • 8.2.1. North America
        • 8.2.1.1. North America solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.2.1.2. North America solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.2.1.3. North America solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.2.2. The U.S.
        • 8.2.2.1. The U.S. solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.2.2.2. The U.S. solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.2.2.3. The U.S. solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe
        • 8.3.1.1. Europe solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.3.1.2. Europe solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.3.1.3. Europe solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.2. U.K.
        • 8.3.2.1. U.K. solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.3.2.2. U.K. solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.3.2.3. U.K. solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.3. France
        • 8.3.3.1. France solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.3.3.2. France solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.3.3.3. France solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.4. Germany
        • 8.3.4.1. Germany solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.3.4.2. Germany solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.3.4.3. Germany solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific
        • 8.4.1.1. Asia Pacific solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.4.1.2. Asia Pacific solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.4.1.3. Asia Pacific solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.2. China
        • 8.4.2.1. China solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.4.2.2. China solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.4.2.3. China solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.3. Japan
        • 8.4.3.1. Japan solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.4.3.2. Japan solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.4.3.3. Japan solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.4. India
        • 8.4.4.1. India solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.4.4.2. India solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.4.4.3. India solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America
        • 8.5.1.1. Latin America solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.5.1.2. Latin America solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.5.1.3. Latin America solid state transformer market revenue, by application, 2015- 2024 (USD Million)
      • 8.5.2. Brazil
        • 8.5.2.1. Brazil solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.5.2.2. Brazil solid state transformer market revenue, by component, 2015 - 2024 (USD Million
        • 8.5.2.3. Brazil solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa
        • 8.6.1.1. The Middle East and Africa solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.6.1.2. The Middle East and Africa solid state transformer market revenue, by component, 2015 - 2024 (USD Million
        • 8.6.1.3. The Middle East and Africa solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
  •  
  • Chapter 9. Company Profiles
    • 9.1. Siemens AG
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. ABB Ltd.
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. General Electric Co.
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Alstom SA
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Cooper Power Systems
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent development
    • 9.6. Schneider Electric
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Mitsubishi Electric Corporation
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments

Table Of Figures

List of Figures

1. Global solid state transformer market segmentation by product, component, application, and region
2. Global solid state transformer market, 2015 - 2024 (USD Million)
3. Porter’s Five Forces Analysis
4. Global solid state transformer market attractiveness, by product
5. Global solid state transformer market attractiveness, by component
6. Global solid state transformer market attractiveness, by application 
7. Global solid state transformer market attractiveness, by region
8. Global solid state transformer market revenue share, by product 2017 & 2024
9. Global solid state transformer market for distribution solid state transformer 2015-2024 (USD Million)
10. Global solid state transformer market for traction solid state transformer 2015-2024 (USD Million)
11. Global solid state transformer market for power solid state transformer 2015-2024 (USD Million)
12. Global solid state transformer market revenue share, by component 2017 & 2024
13. Global solid state transformer market converters, 2015-2024 (USD Million)
14. Global solid state transformer market switches, 2015-2024 (USD Million)
15. Global solid state transformer market high-frequency transformer, 2015-2024 (USD Million)
16. Global solid state transformer market revenue share, by application 2017 & 2024
17. Global solid state transformer market for traction locomotives, 2015-2024 (USD Million)
18. Global solid state transformer market for power (distribution) grid, 2015 – 2024 (USD Million)
19. Global solid state transformer market for electric vehicle, 2015 – 2024 (USD Million)
20. Global solid state transformer market for alternate power generation,2015 – 2024 (USD Million)
21. Global solid state transformer market for others,2015 – 2024 (USD Million)
22. Global solid state transformer market revenue share, by region, 2015 - 2024
23. North America solid state transformer market, 2015 - 2024, (USD Million)
24. Europe solid state transformer market, 2015 - 2024, (USD Million)
25. UK solid state transformer market, 2015-2024 (USD Million)
26. France solid state transformer market, 2015-2024 (USD Million)
27. Germany solid state transformer market, 2015-2024 (USD Million)
28. Asia Pacific solid state transformer market, 2015 - 2024(USD Million)
29. China solid state transformer market, 2015-2024 (USD Million)
30. Japan solid state transformer market, 2015-2024 (USD Million) 
31. India solid state transformer market, 2015-2024 (USD Million) 
32. Latin America solid state transformer market, 2015-2024 (USD Million)
33. Brazil solid state transformer market, 2015-2024 (USD Million)
34. The Middle East and Africa solid state transformer market, 2015 – 2024, (USD Million)


Table Of Tables

List of Tables

1. Global solid state transformer market snapshot
2. Drivers for solid state transformer market: Impact analysis
3. Restraints of solid state transformer market: Impact analysis
4. North America solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
5. North America solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
6. North America solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
7. The U.S. solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
8. The U.S. solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
9. The U.S. solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
10. Europe solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
11. Europe solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
12. Europe solid state transformer market revenue, by application, 2015 – 2024 (USD Million)
13. U.K. solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
14. U.K. solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
15. U.K. solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
16. France solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
17. France solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
18. France solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
19. Germany solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
20. Germany solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
21. Germany solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
22. Asia Pacific solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
23. Asia Pacific solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
24. Asia Pacific solid state transformer market revenue, by application, 2015 – 2024  (USD Million) 
25. China solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
26. China solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
27. China solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
28. Japan solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
29. Japan solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
30. Japan solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
31. India solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
32. India solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
33. India solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
34. Latin America solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
35. Latin America solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
36. Latin America solid state transformer market revenue, by application, 2015– 2024  (USD Million)
37. Brazil solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
38. Brazil solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
39. Brazil solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
40. The Middle East and Africa solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
41. The Middle East and Africa solid state transformer market revenue, by component, 2015 – 2024  (USD Million
42. The Middle East and Africa solid state transformer market revenue, by application, 2015 – 2024  (USD Million)

Methodology

Free Analysis

Solid state transformer (SST), also known as power electronic transformer (EPT), is a kind of power transformation technology that works on electromagnetic induction principle. SST is fundamentally a combination of high-frequency power conversion technology with control circuitry. These devices are highly effective and efficient in maintaining the magnitude of current, voltage, or frequency based on specific requirements of different applications.

The global solid state transformer market is likely to be fuelled by the rising awareness about alternative energy generation across the globe in the years ahead. The hefty funding of smart grids and energy systems is anticipated to play a major role in steering the progress of the global solid state transformer market in the upcoming years. The alternative power generation is the most commanding application of solid state transformers, which is projected to further fuel the growth of the solid state transformer market in the future. However, the high initial cost required for manufacturing and installation of solid state transformers and inadequate solid-state transformers testing infrastructure facility and the need for large scale commercial deployment of solid state transformers might hinder the evolution of the solid state transformer market on a global scale in the future.

Global Solid State Transformer Market

The solid state transformer market is segmented into product, component, and application. 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.

By region, the global solid state transformer market includes North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The North American solid state transformer market is likely to hold a substantial share globally in the years ahead, owing to the increasing significance of alternative energy production across the region. The European solid state transformer market is estimated to grow moderately in the future, owing to the rise in the installation of products generating renewable energy, such as solar and wind energy. The Asia Pacific region is estimated to register the highest rate of growth in the future, due to the increasing application of smart grids.

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.

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