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Mar 29, 2019 4:00 PM ET

Global Solid State (Smart) Transformers Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Global Solid State (Smart) Transformers Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

iCrowd Newswire - Mar 29, 2019

Market Research Report Store offers a latest published report on Solid State Transformers Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

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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.


Split by Product Types, with market size, market share and growth rate of each type, can be divided into:Single-stage, Two-stage, Three-stage.


Split by applications, this report focuses on market size, market share and growth rate of Solid State Transformers (SST) in each application, can be divided into: Alternative Power Generation, Smart Grid, Traction Locomotives, EV Charging, Others.


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.


Currently, Europe and North America are the most active regions in the research and development of solid state transformers, leading by several traditional transformer vendors such as ABB, GE, Siemens and others. The European market is expected to account for the largest market share, followed by North America and the Asia-Pacific. The growth of the European market is expected to fuel by increasing installed capacity of renewable energy sources such as solar and wind energy. Europe is a prominent market for electric vehicle and the growth of electric vehicle charging stations further offers a huge growth opportunity for the solid state transformer market in this region.


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.




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Related Information:

North America Solid State Transformers Market Growth 2019-2024

United States Solid State Transformers Market Growth 2019-2024

Asia-Pacific Solid State Transformers Market Growth 2019-2024

Europe Solid State Transformers Market Growth 2019-2024

EMEA Solid State Transformers Market Growth 2019-2024

Global Solid State Transformers Market Growth 2019-2024

China Solid State Transformers Market Growth 2019-2024



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