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Global Solid State (Smart) Transformers Market Research Report 2025
Synopsis
The solid-state transformer (SST) was conceived as a replacement for the conventional power transformer, with both lower volume and weight. The smart transformer (ST) is an SST that provides ancillary services to the distribution and transmission grids to optimize their performance. Hence, the focus shifts from hardware advantages to functionalities. One of the most desired functionalities is the dc connectivity to enable a hybrid distribution system. For this reason, the ST architecture shall be composed of at least two power stages. The standard design procedure for this kind of system is to design each power stage for the maximum load.
The global Solid State (Smart) Transformers market was valued at US$ 109.3 million in 2023 and is anticipated to reach US$ 244.1 million by 2030, witnessing a CAGR of 12.0% during the forecast period 2024-2030.
North American market for Solid State (Smart) Transformers is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Solid State (Smart) Transformers is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Solid State (Smart) Transformers include ABB, General Electric, Alstom, Mitsubishi Electric, Siemens, Schneider Electric, Cooper Power Systems, Varentec and Amantys Limited, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Solid State (Smart) Transformers, 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 (Smart) Transformers.
Report Scope
The Solid State (Smart) Transformers market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Solid State (Smart) Transformers market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solid State (Smart) Transformers manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
General Electric
Alstom
Mitsubishi Electric
Siemens
Schneider Electric
Cooper Power Systems
Varentec
Amantys Limited
GridBridge
Segment by Type
Type I
Type II
Segment by Application
Energy
Transportation
Others
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Solid State (Smart) Transformers manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Solid State (Smart) Transformers by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Solid State (Smart) Transformers 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
The solid-state transformer (SST) was conceived as a replacement for the conventional power transformer, with both lower volume and weight. The smart transformer (ST) is an SST that provides ancillary services to the distribution and transmission grids to optimize their performance. Hence, the focus shifts from hardware advantages to functionalities. One of the most desired functionalities is the dc connectivity to enable a hybrid distribution system. For this reason, the ST architecture shall be composed of at least two power stages. The standard design procedure for this kind of system is to design each power stage for the maximum load.
The global Solid State (Smart) Transformers market was valued at US$ 109.3 million in 2023 and is anticipated to reach US$ 244.1 million by 2030, witnessing a CAGR of 12.0% during the forecast period 2024-2030.
North American market for Solid State (Smart) Transformers is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Solid State (Smart) Transformers is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Solid State (Smart) Transformers include ABB, General Electric, Alstom, Mitsubishi Electric, Siemens, Schneider Electric, Cooper Power Systems, Varentec and Amantys Limited, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Solid State (Smart) Transformers, 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 (Smart) Transformers.
Report Scope
The Solid State (Smart) Transformers market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Solid State (Smart) Transformers market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solid State (Smart) Transformers manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
General Electric
Alstom
Mitsubishi Electric
Siemens
Schneider Electric
Cooper Power Systems
Varentec
Amantys Limited
GridBridge
Segment by Type
Type I
Type II
Segment by Application
Energy
Transportation
Others
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Solid State (Smart) Transformers manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Solid State (Smart) Transformers by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Solid State (Smart) Transformers 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Solid State (Smart) Transformers Market Overview
1.1 Product Definition
1.2 Solid State (Smart) Transformers Segment by Type
1.2.1 Global Solid State (Smart) Transformers Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Type I
1.2.3 Type II
1.3 Solid State (Smart) Transformers Segment by Application
1.3.1 Global Solid State (Smart) Transformers Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Energy
1.3.3 Transportation
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Solid State (Smart) Transformers Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Solid State (Smart) Transformers Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Solid State (Smart) Transformers Production Estimates and Forecasts (2019-2030)
1.4.4 Global Solid State (Smart) Transformers Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Solid State (Smart) Transformers Production Market Share by Manufacturers (2019-2024)
2.2 Global Solid State (Smart) Transformers Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Solid State (Smart) Transformers, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Solid State (Smart) Transformers Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Solid State (Smart) Transformers Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Solid State (Smart) Transformers, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Solid State (Smart) Transformers, Product Offered and Application
2.8 Global Key Manufacturers of Solid State (Smart) Transformers, Date of Enter into This Industry
2.9 Solid State (Smart) Transformers Market Competitive Situation and Trends
2.9.1 Solid State (Smart) Transformers Market Concentration Rate
2.9.2 Global 5 and 10 Largest Solid State (Smart) Transformers Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Solid State (Smart) Transformers Production by Region
3.1 Global Solid State (Smart) Transformers Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Solid State (Smart) Transformers Production Value by Region (2019-2030)
3.2.1 Global Solid State (Smart) Transformers Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Solid State (Smart) Transformers by Region (2025-2030)
3.3 Global Solid State (Smart) Transformers Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Solid State (Smart) Transformers Production by Region (2019-2030)
3.4.1 Global Solid State (Smart) Transformers Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Solid State (Smart) Transformers by Region (2025-2030)
3.5 Global Solid State (Smart) Transformers Market Price Analysis by Region (2019-2024)
3.6 Global Solid State (Smart) Transformers Production and Value, Year-over-Year Growth
3.6.1 North America Solid State (Smart) Transformers Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Solid State (Smart) Transformers Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Solid State (Smart) Transformers Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Solid State (Smart) Transformers Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Solid State (Smart) Transformers Production Value Estimates and Forecasts (2019-2030)
4 Solid State (Smart) Transformers Consumption by Region
4.1 Global Solid State (Smart) Transformers Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Solid State (Smart) Transformers Consumption by Region (2019-2030)
4.2.1 Global Solid State (Smart) Transformers Consumption by Region (2019-2024)
4.2.2 Global Solid State (Smart) Transformers Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Solid State (Smart) Transformers Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Solid State (Smart) Transformers Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Solid State (Smart) Transformers Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Solid State (Smart) Transformers Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Solid State (Smart) Transformers Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Solid State (Smart) Transformers Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Solid State (Smart) Transformers Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Solid State (Smart) Transformers Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Solid State (Smart) Transformers Production by Type (2019-2030)
5.1.1 Global Solid State (Smart) Transformers Production by Type (2019-2024)
5.1.2 Global Solid State (Smart) Transformers Production by Type (2025-2030)
5.1.3 Global Solid State (Smart) Transformers Production Market Share by Type (2019-2030)
5.2 Global Solid State (Smart) Transformers Production Value by Type (2019-2030)
5.2.1 Global Solid State (Smart) Transformers Production Value by Type (2019-2024)
5.2.2 Global Solid State (Smart) Transformers Production Value by Type (2025-2030)
5.2.3 Global Solid State (Smart) Transformers Production Value Market Share by Type (2019-2030)
5.3 Global Solid State (Smart) Transformers Price by Type (2019-2030)
6 Segment by Application
6.1 Global Solid State (Smart) Transformers Production by Application (2019-2030)
6.1.1 Global Solid State (Smart) Transformers Production by Application (2019-2024)
6.1.2 Global Solid State (Smart) Transformers Production by Application (2025-2030)
6.1.3 Global Solid State (Smart) Transformers Production Market Share by Application (2019-2030)
6.2 Global Solid State (Smart) Transformers Production Value by Application (2019-2030)
6.2.1 Global Solid State (Smart) Transformers Production Value by Application (2019-2024)
6.2.2 Global Solid State (Smart) Transformers Production Value by Application (2025-2030)
6.2.3 Global Solid State (Smart) Transformers Production Value Market Share by Application (2019-2030)
6.3 Global Solid State (Smart) Transformers Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB Solid State (Smart) Transformers Corporation Information
7.1.2 ABB Solid State (Smart) Transformers Product Portfolio
7.1.3 ABB Solid State (Smart) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 General Electric
7.2.1 General Electric Solid State (Smart) Transformers Corporation Information
7.2.2 General Electric Solid State (Smart) Transformers Product Portfolio
7.2.3 General Electric Solid State (Smart) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.2.4 General Electric Main Business and Markets Served
7.2.5 General Electric Recent Developments/Updates
7.3 Alstom
7.3.1 Alstom Solid State (Smart) Transformers Corporation Information
7.3.2 Alstom Solid State (Smart) Transformers Product Portfolio
7.3.3 Alstom Solid State (Smart) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Alstom Main Business and Markets Served
7.3.5 Alstom Recent Developments/Updates
7.4 Mitsubishi Electric
7.4.1 Mitsubishi Electric Solid State (Smart) Transformers Corporation Information
7.4.2 Mitsubishi Electric Solid State (Smart) Transformers Product Portfolio
7.4.3 Mitsubishi Electric Solid State (Smart) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Mitsubishi Electric Main Business and Markets Served
7.4.5 Mitsubishi Electric Recent Developments/Updates
7.5 Siemens
7.5.1 Siemens Solid State (Smart) Transformers Corporation Information
7.5.2 Siemens Solid State (Smart) Transformers Product Portfolio
7.5.3 Siemens Solid State (Smart) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Siemens Main Business and Markets Served
7.5.5 Siemens Recent Developments/Updates
7.6 Schneider Electric
7.6.1 Schneider Electric Solid State (Smart) Transformers Corporation Information
7.6.2 Schneider Electric Solid State (Smart) Transformers Product Portfolio
7.6.3 Schneider Electric Solid State (Smart) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Schneider Electric Main Business and Markets Served
7.6.5 Schneider Electric Recent Developments/Updates
7.7 Cooper Power Systems
7.7.1 Cooper Power Systems Solid State (Smart) Transformers Corporation Information
7.7.2 Cooper Power Systems Solid State (Smart) Transformers Product Portfolio
7.7.3 Cooper Power Systems Solid State (Smart) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Cooper Power Systems Main Business and Markets Served
7.7.5 Cooper Power Systems Recent Developments/Updates
7.8 Varentec
7.8.1 Varentec Solid State (Smart) Transformers Corporation Information
7.8.2 Varentec Solid State (Smart) Transformers Product Portfolio
7.8.3 Varentec Solid State (Smart) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Varentec Main Business and Markets Served
7.7.5 Varentec Recent Developments/Updates
7.9 Amantys Limited
7.9.1 Amantys Limited Solid State (Smart) Transformers Corporation Information
7.9.2 Amantys Limited Solid State (Smart) Transformers Product Portfolio
7.9.3 Amantys Limited Solid State (Smart) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Amantys Limited Main Business and Markets Served
7.9.5 Amantys Limited Recent Developments/Updates
7.10 GridBridge
7.10.1 GridBridge Solid State (Smart) Transformers Corporation Information
7.10.2 GridBridge Solid State (Smart) Transformers Product Portfolio
7.10.3 GridBridge Solid State (Smart) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.10.4 GridBridge Main Business and Markets Served
7.10.5 GridBridge Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Solid State (Smart) Transformers Industry Chain Analysis
8.2 Solid State (Smart) Transformers Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Solid State (Smart) Transformers Production Mode & Process
8.4 Solid State (Smart) Transformers Sales and Marketing
8.4.1 Solid State (Smart) Transformers Sales Channels
8.4.2 Solid State (Smart) Transformers Distributors
8.5 Solid State (Smart) Transformers Customers
9 Solid State (Smart) Transformers Market Dynamics
9.1 Solid State (Smart) Transformers Industry Trends
9.2 Solid State (Smart) Transformers Market Drivers
9.3 Solid State (Smart) Transformers Market Challenges
9.4 Solid State (Smart) Transformers Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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