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Solid State Transformers SST Market Size, Share 2023
| Market size in 2022 |
US$ 306.6 million
|
Forecast Market size by 2029 |
US$ 1168.1 million
|
| Growth Rate |
CAGR of 21.1% |
Number of Pages |
60 Pages |
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 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.
| Report Attributes |
Report Details |
| Report Title |
Solid State Transformers (SST) Market, Global Outlook and Forecast 2023-2029 |
| Market size in 2022 |
US$ 306.6 million
|
| Forecast Market size by 2029 |
US$ 1168.1 million
|
| Growth Rate |
CAGR of 21.1% |
| Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year |
2022 |
| Forecast Year |
2030 |
| Number of Pages |
60 Pages |
| Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Solid State Transformers (SST) Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Solid State Transformers (SST) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Solid State Transformers (SST) Overall Market Size
2.1 Global Solid State Transformers (SST) Market Size: 2022 VS 2029
2.2 Global Solid State Transformers (SST) Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Solid State Transformers (SST) Players in Global Market
3.2 Top Global Solid State Transformers (SST) Companies Ranked by Revenue
3.3 Global Solid State Transformers (SST) Revenue by Companies
3.4 Top 3 and Top 5 Solid State Transformers (SST) Companies in Global Market, by Revenue in 2022
3.5 Global Companies Solid State Transformers (SST) Product Type
3.6 Tier 1, Tier 2 and Tier 3 Solid State Transformers (SST) Players in Global Market
3.6.1 List of Global Tier 1 Solid State Transformers (SST) Companies
3.6.2 List of Global Tier 2 and Tier 3 Solid State Transformers (SST) Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Solid State Transformers (SST) Market Size Markets, 2022 & 2029
4.1.2 Single-stage
4.1.3 Two-stage
4.1.4 Three-stage
4.2 By Type - Global Solid State Transformers (SST) Revenue & Forecasts
4.2.1 By Type - Global Solid State Transformers (SST) Revenue, 2018-2023
4.2.2 By Type - Global Solid State Transformers (SST) Revenue, 2024-2029
4.2.3 By Type - Global Solid State Transformers (SST) Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Solid State Transformers (SST) Market Size, 2022 & 2029
5.1.2 Alternative Power Generation
5.1.3 Smart Grid
5.1.4 Traction Locomotives
5.1.5 EV Charging
5.1.6 Others
5.2 By Application - Global Solid State Transformers (SST) Revenue & Forecasts
5.2.1 By Application - Global Solid State Transformers (SST) Revenue, 2018-2023
5.2.2 By Application - Global Solid State Transformers (SST) Revenue, 2024-2029
5.2.3 By Application - Global Solid State Transformers (SST) Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Solid State Transformers (SST) Market Size, 2022 & 2029
6.2 By Region - Global Solid State Transformers (SST) Revenue & Forecasts
6.2.1 By Region - Global Solid State Transformers (SST) Revenue, 2018-2023
6.2.2 By Region - Global Solid State Transformers (SST) Revenue, 2024-2029
6.2.3 By Region - Global Solid State Transformers (SST) Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Solid State Transformers (SST) Revenue, 2018-2029
6.3.2 US Solid State Transformers (SST) Market Size, 2018-2029
6.3.3 Canada Solid State Transformers (SST) Market Size, 2018-2029
6.3.4 Mexico Solid State Transformers (SST) Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Solid State Transformers (SST) Revenue, 2018-2029
6.4.2 Germany Solid State Transformers (SST) Market Size, 2018-2029
6.4.3 France Solid State Transformers (SST) Market Size, 2018-2029
6.4.4 U.K. Solid State Transformers (SST) Market Size, 2018-2029
6.4.5 Italy Solid State Transformers (SST) Market Size, 2018-2029
6.4.6 Russia Solid State Transformers (SST) Market Size, 2018-2029
6.4.7 Nordic Countries Solid State Transformers (SST) Market Size, 2018-2029
6.4.8 Benelux Solid State Transformers (SST) Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Solid State Transformers (SST) Revenue, 2018-2029
6.5.2 China Solid State Transformers (SST) Market Size, 2018-2029
6.5.3 Japan Solid State Transformers (SST) Market Size, 2018-2029
6.5.4 South Korea Solid State Transformers (SST) Market Size, 2018-2029
6.5.5 Southeast Asia Solid State Transformers (SST) Market Size, 2018-2029
6.5.6 India Solid State Transformers (SST) Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Solid State Transformers (SST) Revenue, 2018-2029
6.6.2 Brazil Solid State Transformers (SST) Market Size, 2018-2029
6.6.3 Argentina Solid State Transformers (SST) Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Solid State Transformers (SST) Revenue, 2018-2029
6.7.2 Turkey Solid State Transformers (SST) Market Size, 2018-2029
6.7.3 Israel Solid State Transformers (SST) Market Size, 2018-2029
6.7.4 Saudi Arabia Solid State Transformers (SST) Market Size, 2018-2029
6.7.5 UAE Solid State Transformers (SST) Market Size, 2018-2029
7 Solid State Transformers (SST) Companies Profiles
7.1 ABB
7.1.1 ABB Company Summary
7.1.2 ABB Business Overview
7.1.3 ABB Solid State Transformers (SST) Major Product Offerings
7.1.4 ABB Solid State Transformers (SST) Revenue in Global Market (2018-2023)
7.1.5 ABB Key News & Latest Developments
7.2 Siemens
7.2.1 Siemens Company Summary
7.2.2 Siemens Business Overview
7.2.3 Siemens Solid State Transformers (SST) Major Product Offerings
7.2.4 Siemens Solid State Transformers (SST) Revenue in Global Market (2018-2023)
7.2.5 Siemens Key News & Latest Developments
7.3 General electric
7.3.1 General electric Company Summary
7.3.2 General electric Business Overview
7.3.3 General electric Solid State Transformers (SST) Major Product Offerings
7.3.4 General electric Solid State Transformers (SST) Revenue in Global Market (2018-2023)
7.3.5 General electric Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Solid State Transformers (SST) Market Opportunities & Trends in Global Market
Table 2. Solid State Transformers (SST) Market Drivers in Global Market
Table 3. Solid State Transformers (SST) Market Restraints in Global Market
Table 4. Key Players of Solid State Transformers (SST) in Global Market
Table 5. Top Solid State Transformers (SST) Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Solid State Transformers (SST) Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Solid State Transformers (SST) Revenue Share by Companies, 2018-2023
Table 8. Global Companies Solid State Transformers (SST) Product Type
Table 9. List of Global Tier 1 Solid State Transformers (SST) Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Solid State Transformers (SST) Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Solid State Transformers (SST) Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Solid State Transformers (SST) Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Solid State Transformers (SST) Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global Solid State Transformers (SST) Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Solid State Transformers (SST) Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Solid State Transformers (SST) Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global Solid State Transformers (SST) Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Solid State Transformers (SST) Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Solid State Transformers (SST) Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Solid State Transformers (SST) Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Solid State Transformers (SST) Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Solid State Transformers (SST) Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Solid State Transformers (SST) Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Solid State Transformers (SST) Revenue, (US$, Mn), 2024-2029
Table 30. ABB Company Summary
Table 31. ABB Solid State Transformers (SST) Product Offerings
Table 32. ABB Solid State Transformers (SST) Revenue (US$, Mn) & (2018-2023)
Table 33. ABB Key News & Latest Developments
Table 34. Siemens Company Summary
Table 35. Siemens Solid State Transformers (SST) Product Offerings
Table 36. Siemens Solid State Transformers (SST) Revenue (US$, Mn) & (2018-2023)
Table 37. Siemens Key News & Latest Developments
Table 38. General electric Company Summary
Table 39. General electric Solid State Transformers (SST) Product Offerings
Table 40. General electric Solid State Transformers (SST) Revenue (US$, Mn) & (2018-2023)
Table 41. General electric Key News & Latest Developments
List of Figures
Figure 1. Solid State Transformers (SST) Segment by Type in 2022
Figure 2. Solid State Transformers (SST) Segment by Application in 2022
Figure 3. Global Solid State Transformers (SST) Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Solid State Transformers (SST) Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Solid State Transformers (SST) Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Solid State Transformers (SST) Revenue in 2022
Figure 8. By Type - Global Solid State Transformers (SST) Revenue Market Share, 2018-2029
Figure 9. By Application - Global Solid State Transformers (SST) Revenue Market Share, 2018-2029
Figure 10. By Type - Global Solid State Transformers (SST) Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Solid State Transformers (SST) Revenue Market Share, 2018-2029
Figure 12. By Application - Global Solid State Transformers (SST) Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Solid State Transformers (SST) Revenue Market Share, 2018-2029
Figure 14. By Region - Global Solid State Transformers (SST) Revenue Market Share, 2018-2029
Figure 15. By Country - North America Solid State Transformers (SST) Revenue Market Share, 2018-2029
Figure 16. US Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Solid State Transformers (SST) Revenue Market Share, 2018-2029
Figure 20. Germany Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 21. France Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Solid State Transformers (SST) Revenue Market Share, 2018-2029
Figure 28. China Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 32. India Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Solid State Transformers (SST) Revenue Market Share, 2018-2029
Figure 34. Brazil Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Solid State Transformers (SST) Revenue Market Share, 2018-2029
Figure 37. Turkey Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Solid State Transformers (SST) Revenue, (US$, Mn), 2018-2029
Figure 41. ABB Solid State Transformers (SST) Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Siemens Solid State Transformers (SST) Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. General electric Solid State Transformers (SST) Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
