The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Solid State (Smart) Transformers-Global Market Insights and Sales Trends 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 size is expected to reach US$ 244.1 million by 2029, growing at a CAGR of 12.0% from 2023 to 2029. The market is mainly driven by the significant applications of Solid State (Smart) Transformers in various end use industries. The expanding demands from the Energy, Transportation and Others,, are propelling Solid State (Smart) Transformers market. Type I, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Type II segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Solid State (Smart) Transformers market, driven by demand from China, the second largest economy with some signs of stabilising, the Solid State (Smart) Transformers market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solid State (Smart) Transformers, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solid State (Smart) Transformers market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solid State (Smart) Transformers market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solid State (Smart) Transformers sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solid State (Smart) Transformers covered in this report include ABB, General Electric, Alstom, Mitsubishi Electric, Siemens, Schneider Electric, Cooper Power Systems, Varentec and Amantys Limited, etc.
The global Solid State (Smart) Transformers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
General Electric
Alstom
Mitsubishi Electric
Siemens
Schneider Electric
Cooper Power Systems
Varentec
Amantys Limited
GridBridge
Global Solid State (Smart) Transformers market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solid State (Smart) Transformers market, Segment by Type:
Type I
Type II
Global Solid State (Smart) Transformers market, by Application
Energy
Transportation
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Solid State (Smart) Transformers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solid State (Smart) Transformers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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 size is expected to reach US$ 244.1 million by 2029, growing at a CAGR of 12.0% from 2023 to 2029. The market is mainly driven by the significant applications of Solid State (Smart) Transformers in various end use industries. The expanding demands from the Energy, Transportation and Others,, are propelling Solid State (Smart) Transformers market. Type I, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Type II segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Solid State (Smart) Transformers market, driven by demand from China, the second largest economy with some signs of stabilising, the Solid State (Smart) Transformers market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solid State (Smart) Transformers, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solid State (Smart) Transformers market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solid State (Smart) Transformers market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solid State (Smart) Transformers sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solid State (Smart) Transformers covered in this report include ABB, General Electric, Alstom, Mitsubishi Electric, Siemens, Schneider Electric, Cooper Power Systems, Varentec and Amantys Limited, etc.
The global Solid State (Smart) Transformers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
General Electric
Alstom
Mitsubishi Electric
Siemens
Schneider Electric
Cooper Power Systems
Varentec
Amantys Limited
GridBridge
Global Solid State (Smart) Transformers market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solid State (Smart) Transformers market, Segment by Type:
Type I
Type II
Global Solid State (Smart) Transformers market, by Application
Energy
Transportation
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Solid State (Smart) Transformers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solid State (Smart) Transformers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Solid State (Smart) Transformers Market Overview
1.1 Solid State (Smart) Transformers Product Overview
1.2 Solid State (Smart) Transformers Market Segment by Type
1.2.1 Type I
1.2.2 Type II
1.3 Global Solid State (Smart) Transformers Market Size by Type
1.3.1 Global Solid State (Smart) Transformers Market Size Overview by Type (2018-2029)
1.3.2 Global Solid State (Smart) Transformers Historic Market Size Review by Type (2018-2023)
1.3.3 Global Solid State (Smart) Transformers Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Solid State (Smart) Transformers Sales Breakdown by Type (2018-2023)
1.4.2 Europe Solid State (Smart) Transformers Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Solid State (Smart) Transformers Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Solid State (Smart) Transformers Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Solid State (Smart) Transformers Sales Breakdown by Type (2018-2023)
2 Global Solid State (Smart) Transformers Market Competition by Company
2.1 Global Top Players by Solid State (Smart) Transformers Sales (2018-2023)
2.2 Global Top Players by Solid State (Smart) Transformers Revenue (2018-2023)
2.3 Global Top Players by Solid State (Smart) Transformers Price (2018-2023)
2.4 Global Top Manufacturers Solid State (Smart) Transformers Manufacturing Base Distribution, Sales Area, Product Type
2.5 Solid State (Smart) Transformers Market Competitive Situation and Trends
2.5.1 Solid State (Smart) Transformers Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Solid State (Smart) Transformers Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Solid State (Smart) Transformers as of 2022)
2.7 Date of Key Manufacturers Enter into Solid State (Smart) Transformers Market
2.8 Key Manufacturers Solid State (Smart) Transformers Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Solid State (Smart) Transformers Status and Outlook by Region
3.1 Global Solid State (Smart) Transformers Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Solid State (Smart) Transformers Historic Market Size by Region
3.2.1 Global Solid State (Smart) Transformers Sales in Volume by Region (2018-2023)
3.2.2 Global Solid State (Smart) Transformers Sales in Value by Region (2018-2023)
3.2.3 Global Solid State (Smart) Transformers Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Solid State (Smart) Transformers Forecasted Market Size by Region
3.3.1 Global Solid State (Smart) Transformers Sales in Volume by Region (2024-2029)
3.3.2 Global Solid State (Smart) Transformers Sales in Value by Region (2024-2029)
3.3.3 Global Solid State (Smart) Transformers Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Solid State (Smart) Transformers by Application
4.1 Solid State (Smart) Transformers Market Segment by Application
4.1.1 Energy
4.1.2 Transportation
4.1.3 Others
4.2 Global Solid State (Smart) Transformers Market Size by Application
4.2.1 Global Solid State (Smart) Transformers Market Size Overview by Application (2018-2029)
4.2.2 Global Solid State (Smart) Transformers Historic Market Size Review by Application (2018-2023)
4.2.3 Global Solid State (Smart) Transformers Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Solid State (Smart) Transformers Sales Breakdown by Application (2018-2023)
4.3.2 Europe Solid State (Smart) Transformers Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Solid State (Smart) Transformers Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Solid State (Smart) Transformers Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Solid State (Smart) Transformers Sales Breakdown by Application (2018-2023)
5 North America Solid State (Smart) Transformers by Country
5.1 North America Solid State (Smart) Transformers Historic Market Size by Country
5.1.1 North America Solid State (Smart) Transformers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Solid State (Smart) Transformers Sales in Volume by Country (2018-2023)
5.1.3 North America Solid State (Smart) Transformers Sales in Value by Country (2018-2023)
5.2 North America Solid State (Smart) Transformers Forecasted Market Size by Country
5.2.1 North America Solid State (Smart) Transformers Sales in Volume by Country (2024-2029)
5.2.2 North America Solid State (Smart) Transformers Sales in Value by Country (2024-2029)
6 Europe Solid State (Smart) Transformers by Country
6.1 Europe Solid State (Smart) Transformers Historic Market Size by Country
6.1.1 Europe Solid State (Smart) Transformers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Solid State (Smart) Transformers Sales in Volume by Country (2018-2023)
6.1.3 Europe Solid State (Smart) Transformers Sales in Value by Country (2018-2023)
6.2 Europe Solid State (Smart) Transformers Forecasted Market Size by Country
6.2.1 Europe Solid State (Smart) Transformers Sales in Volume by Country (2024-2029)
6.2.2 Europe Solid State (Smart) Transformers Sales in Value by Country (2024-2029)
7 Asia-Pacific Solid State (Smart) Transformers by Region
7.1 Asia-Pacific Solid State (Smart) Transformers Historic Market Size by Region
7.1.1 Asia-Pacific Solid State (Smart) Transformers Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Solid State (Smart) Transformers Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Solid State (Smart) Transformers Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Solid State (Smart) Transformers Forecasted Market Size by Region
7.2.1 Asia-Pacific Solid State (Smart) Transformers Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Solid State (Smart) Transformers Sales in Value by Region (2024-2029)
8 Latin America Solid State (Smart) Transformers by Country
8.1 Latin America Solid State (Smart) Transformers Historic Market Size by Country
8.1.1 Latin America Solid State (Smart) Transformers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Solid State (Smart) Transformers Sales in Volume by Country (2018-2023)
8.1.3 Latin America Solid State (Smart) Transformers Sales in Value by Country (2018-2023)
8.2 Latin America Solid State (Smart) Transformers Forecasted Market Size by Country
8.2.1 Latin America Solid State (Smart) Transformers Sales in Volume by Country (2024-2029)
8.2.2 Latin America Solid State (Smart) Transformers Sales in Value by Country (2024-2029)
9 Middle East and Africa Solid State (Smart) Transformers by Country
9.1 Middle East and Africa Solid State (Smart) Transformers Historic Market Size by Country
9.1.1 Middle East and Africa Solid State (Smart) Transformers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Solid State (Smart) Transformers Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Solid State (Smart) Transformers Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Solid State (Smart) Transformers Forecasted Market Size by Country
9.2.1 Middle East and Africa Solid State (Smart) Transformers Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Solid State (Smart) Transformers Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Solid State (Smart) Transformers Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Solid State (Smart) Transformers Products Offered
10.1.5 ABB Recent Development
10.2 General Electric
10.2.1 General Electric Company Information
10.2.2 General Electric Introduction and Business Overview
10.2.3 General Electric Solid State (Smart) Transformers Sales, Revenue and Gross Margin (2018-2023)
10.2.4 General Electric Solid State (Smart) Transformers Products Offered
10.2.5 General Electric Recent Development
10.3 Alstom
10.3.1 Alstom Company Information
10.3.2 Alstom Introduction and Business Overview
10.3.3 Alstom Solid State (Smart) Transformers Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Alstom Solid State (Smart) Transformers Products Offered
10.3.5 Alstom Recent Development
10.4 Mitsubishi Electric
10.4.1 Mitsubishi Electric Company Information
10.4.2 Mitsubishi Electric Introduction and Business Overview
10.4.3 Mitsubishi Electric Solid State (Smart) Transformers Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Mitsubishi Electric Solid State (Smart) Transformers Products Offered
10.4.5 Mitsubishi Electric Recent Development
10.5 Siemens
10.5.1 Siemens Company Information
10.5.2 Siemens Introduction and Business Overview
10.5.3 Siemens Solid State (Smart) Transformers Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Siemens Solid State (Smart) Transformers Products Offered
10.5.5 Siemens Recent Development
10.6 Schneider Electric
10.6.1 Schneider Electric Company Information
10.6.2 Schneider Electric Introduction and Business Overview
10.6.3 Schneider Electric Solid State (Smart) Transformers Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Schneider Electric Solid State (Smart) Transformers Products Offered
10.6.5 Schneider Electric Recent Development
10.7 Cooper Power Systems
10.7.1 Cooper Power Systems Company Information
10.7.2 Cooper Power Systems Introduction and Business Overview
10.7.3 Cooper Power Systems Solid State (Smart) Transformers Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Cooper Power Systems Solid State (Smart) Transformers Products Offered
10.7.5 Cooper Power Systems Recent Development
10.8 Varentec
10.8.1 Varentec Company Information
10.8.2 Varentec Introduction and Business Overview
10.8.3 Varentec Solid State (Smart) Transformers Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Varentec Solid State (Smart) Transformers Products Offered
10.8.5 Varentec Recent Development
10.9 Amantys Limited
10.9.1 Amantys Limited Company Information
10.9.2 Amantys Limited Introduction and Business Overview
10.9.3 Amantys Limited Solid State (Smart) Transformers Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Amantys Limited Solid State (Smart) Transformers Products Offered
10.9.5 Amantys Limited Recent Development
10.10 GridBridge
10.10.1 GridBridge Company Information
10.10.2 GridBridge Introduction and Business Overview
10.10.3 GridBridge Solid State (Smart) Transformers Sales, Revenue and Gross Margin (2018-2023)
10.10.4 GridBridge Solid State (Smart) Transformers Products Offered
10.10.5 GridBridge Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Solid State (Smart) Transformers Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Solid State (Smart) Transformers Industrial Chain Analysis
11.4 Solid State (Smart) Transformers Market Dynamics
11.4.1 Solid State (Smart) Transformers Industry Trends
11.4.2 Solid State (Smart) Transformers Market Drivers
11.4.3 Solid State (Smart) Transformers Market Challenges
11.4.4 Solid State (Smart) Transformers Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Solid State (Smart) Transformers Distributors
12.3 Solid State (Smart) Transformers Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest IT & Electronics Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
