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Download Free sampleSolid 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.
Solid State Transformers Market contains market size and forecasts of Solid State Transformers (SST) in Global, including the following market information:
Global Solid State Transformers (SST) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Solid State Transformers (SST) market was valued at 306.6 million in 2021 and is projected to reach US$ 1168.1 million by 2028, at a CAGR of 21.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Single-stage Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Solid State Transformers (SST) include ABB, Siemens and General electric, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
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, 2017-2022, 2023-2028 ($ millions)
Global Solid State Transformers (SST) Market Segment Percentages, by Type, 2021 (%)
Single-stage
Two-stage
Three-stage
Global Solid State Transformers (SST) Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Solid State Transformers (SST) Market Segment Percentages, by Application, 2021 (%)
Alternative Power Generation
Smart Grid
Traction Locomotives
EV Charging
Others
Global Solid State Transformers (SST) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Solid State Transformers (SST) Market Segment Percentages, By Region and Country, 2021 (%)
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, 2017-2022 (estimated), ($ millions)
Key companies Solid State Transformers (SST) revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Siemens
General electric
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