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.
This report aims to provide a comprehensive presentation of the global market for Solid State Transformers (SST), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solid State Transformers (SST). This report contains market size and forecasts of Solid State Transformers (SST) in global, including the following market information:
- Global Solid State Transformers (SST) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Solid State Transformers (SST) market was valued at US$ 306.6 million in 2022 and is projected to reach US$ 1168.1 million by 2029, at a CAGR of 21.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global Solid State Transformers (SST) market include ABB, Siemens, General electric, etc. North America, Asia-Pacific and Europe are main markets. Two-stage and Three-stage are two main types, with a share about 90%. Alternative Power Generation and Smart Grid are two key applications, which hold a share about 70%.
We surveyed the Solid State Transformers (SST) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Solid State Transformers (SST) Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Solid State Transformers (SST) Market Segment Percentages, by Type, 2022 (%)
- Single-stage
- Two-stage
- Three-stage
Global Solid State Transformers (SST) Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Solid State Transformers (SST) Market Segment Percentages, by Application, 2022 (%)
- Alternative Power Generation
- Smart Grid
- Traction Locomotives
- EV Charging
- Others
Global Solid State Transformers (SST) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Solid State Transformers (SST) Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Solid State Transformers (SST) revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Solid State Transformers (SST) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- ABB
- Siemens
- General electric
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Solid State Transformers (SST), market overview.
- Chapter 2: Global Solid State Transformers (SST) market size in revenue.
- Chapter 3: Detailed analysis of Solid State Transformers (SST) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Solid State Transformers (SST) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
