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Solid State Transformers (SST)-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Solid State Transformers (SST) market size is expected to reach US$ 1217.1 million by 2029, growing at a CAGR of 22.0% from 2023 to 2029. The market is mainly driven by the significant applications of Solid State Transformers (SST) in various end use industries. The expanding demands from the Alternative Power Generation, Smart Grid, Traction Locomotives and EV Charging, are propelling Solid State Transformers (SST) market. Single-stage, 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 Two-stage segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by players, 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 Transformers (SST), 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 Transformers (SST) 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 Transformers (SST) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solid State Transformers (SST) 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 Transformers (SST) covered in this report include ABB, Siemens and General electric, etc.
The global Solid State Transformers (SST) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
General electric
Global Solid State Transformers (SST) 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 Transformers (SST) market, Segment by Type:
Single-stage
Two-stage
Three-stage
Global Solid State Transformers (SST) market, by Application
Alternative Power Generation
Smart Grid
Traction Locomotives
EV Charging
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Solid State Transformers (SST) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Solid State Transformers (SST) market size is expected to reach US$ 1217.1 million by 2029, growing at a CAGR of 22.0% from 2023 to 2029. The market is mainly driven by the significant applications of Solid State Transformers (SST) in various end use industries. The expanding demands from the Alternative Power Generation, Smart Grid, Traction Locomotives and EV Charging, are propelling Solid State Transformers (SST) market. Single-stage, 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 Two-stage segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by players, 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 Transformers (SST), 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 Transformers (SST) 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 Transformers (SST) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solid State Transformers (SST) 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 Transformers (SST) covered in this report include ABB, Siemens and General electric, etc.
The global Solid State Transformers (SST) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
General electric
Global Solid State Transformers (SST) 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 Transformers (SST) market, Segment by Type:
Single-stage
Two-stage
Three-stage
Global Solid State Transformers (SST) market, by Application
Alternative Power Generation
Smart Grid
Traction Locomotives
EV Charging
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Solid State Transformers (SST) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Solid State Transformers (SST)
1.1 Solid State Transformers (SST) Market Overview
1.1.1 Solid State Transformers (SST) Product Scope
1.1.2 Solid State Transformers (SST) Market Status and Outlook
1.2 Global Solid State Transformers (SST) Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Solid State Transformers (SST) Market Size by Region (2018-2029)
1.4 Global Solid State Transformers (SST) Historic Market Size by Region (2018-2023)
1.5 Global Solid State Transformers (SST) Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Solid State Transformers (SST) Market Size (2018-2029)
1.6.1 North America Solid State Transformers (SST) Market Size (2018-2029)
1.6.2 Europe Solid State Transformers (SST) Market Size (2018-2029)
1.6.3 Asia-Pacific Solid State Transformers (SST) Market Size (2018-2029)
1.6.4 Latin America Solid State Transformers (SST) Market Size (2018-2029)
1.6.5 Middle East & Africa Solid State Transformers (SST) Market Size (2018-2029)
2 Solid State Transformers (SST) Market by Type
2.1 Introduction
2.1.1 Single-stage
2.1.2 Two-stage
2.1.3 Three-stage
2.2 Global Solid State Transformers (SST) Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Solid State Transformers (SST) Historic Market Size by Type (2018-2023)
2.2.2 Global Solid State Transformers (SST) Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Solid State Transformers (SST) Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Solid State Transformers (SST) Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Solid State Transformers (SST) Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Solid State Transformers (SST) Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Solid State Transformers (SST) Revenue Breakdown by Type (2018-2029)
3 Solid State Transformers (SST) Market Overview by Application
3.1 Introduction
3.1.1 Alternative Power Generation
3.1.2 Smart Grid
3.1.3 Traction Locomotives
3.1.4 EV Charging
3.1.5 Others
3.2 Global Solid State Transformers (SST) Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Solid State Transformers (SST) Historic Market Size by Application (2018-2023)
3.2.2 Global Solid State Transformers (SST) Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Solid State Transformers (SST) Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Solid State Transformers (SST) Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Solid State Transformers (SST) Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Solid State Transformers (SST) Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Solid State Transformers (SST) Revenue Breakdown by Application (2018-2029)
4 Solid State Transformers (SST) Competition Analysis by Players
4.1 Global Solid State Transformers (SST) Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Solid State Transformers (SST) as of 2022)
4.3 Date of Key Players Enter into Solid State Transformers (SST) Market
4.4 Global Top Players Solid State Transformers (SST) Headquarters and Area Served
4.5 Key Players Solid State Transformers (SST) Product Solution and Service
4.6 Competitive Status
4.6.1 Solid State Transformers (SST) Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 ABB
5.1.1 ABB Profile
5.1.2 ABB Main Business
5.1.3 ABB Solid State Transformers (SST) Products, Services and Solutions
5.1.4 ABB Solid State Transformers (SST) Revenue (US$ Million) & (2018-2023)
5.1.5 ABB Recent Developments
5.2 Siemens
5.2.1 Siemens Profile
5.2.2 Siemens Main Business
5.2.3 Siemens Solid State Transformers (SST) Products, Services and Solutions
5.2.4 Siemens Solid State Transformers (SST) Revenue (US$ Million) & (2018-2023)
5.2.5 Siemens Recent Developments
5.3 General electric
5.3.1 General electric Profile
5.3.2 General electric Main Business
5.3.3 General electric Solid State Transformers (SST) Products, Services and Solutions
5.3.4 General electric Solid State Transformers (SST) Revenue (US$ Million) & (2018-2023)
5.3.5 Recent Developments
6 North America
6.1 North America Solid State Transformers (SST) Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Solid State Transformers (SST) Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Solid State Transformers (SST) Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Solid State Transformers (SST) Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Solid State Transformers (SST) Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Solid State Transformers (SST) Market Dynamics
11.1 Solid State Transformers (SST) Industry Trends
11.2 Solid State Transformers (SST) Market Drivers
11.3 Solid State Transformers (SST) Market Challenges
11.4 Solid State Transformers (SST) Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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