Solid State (Smart) Transformer Market by Product - 2020

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MarketsandMarkets Presents
Solid State (Smart) Transformer Market worth
204.3 Million by 2020
Solid State (Smart) Transformer Market by Product
(Power, traction, Distribution), Application
(Alternative power generation, Electric vehicle
charging stations, others), Geography (North
America, Europe, Asia-Pacific, RoW) - Forecast
to 2020
http//www.marketsandmarkets.com/Market-Reports/so
lid-state-transformer-market-774.html
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According to a new market research report on
the Solid State (Smart) Transformer Market by
Product (Power, traction, Distribution),
Application (Alternative power generation,
Electric vehicle charging stations, others),
Geography (North America, Europe, Asia-Pacific,
RoW) - Forecast to 2020 The global solid state
(smart) transformer market is expected to be
valued at 105.3 Million in 2017 and is estimated
to reach 204.3 Million by 2020, at an estimated
CAGR of 24.72 from 2017 to 2020. Browse 75
market data tables and 56 figures spread
through 145 pages and in-depth TOC on Solid
State (Smart) Transformer Market - Forecast to
2020"Early buyers will receive 10
customization on this report.
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A solid state (smart) transformer is a device
which offers various benefits, along with
performing the core task of a traditional
transformer. Reactive power compensation,
dual-power output (both AC and DC), and
communication capabilities are some key benefits
offered by a solid state transformer. Many
companies and research institutions are doing
research in this area and testing prototypes to
befit them into a particular application. It is
expected that the solid state transformer market
would be commercialized by 2017 and exhibit
impressive growth rate in the coming years. PDF
Brochure_at_ http//www.marketsandmarkets.com/pdfdown
load.asp?id774 The alternative power
generation segment is expected to constitute as
the largest application for the solid state
(smart) transformer market in 2017 and is also
expected to grow at the highest rate during the
forecast period. Wind energy, solar energy, and
tidal energy are the key areas under alternative
power generation where solid state transformers
are expected to be used. A solid state
transformer is a lightweight and compact product
compared to a traditional transformer, and this
makes it more suitable product for offshore uses
and this feature helps to keep the overall weight
of the platform as low as possible. Furthermore,
a solid state transformer improves the quality of
power output from the wind turbine and eliminates
the need of STATCOM in this process. Hence, many
advantages offered by a solid state transformer
in various field of alternative energy generation
would lead its high adoption therefore, this is
expected to fuel the growth of this application
in solid state (smart) transformer market.

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Electric vehicle charging stations, power
distribution, traction locomotives are the next
major applications of solid state transformers
and expected to grow at a significant rate during
the near future. Inquiry Before Buying _at_
http//www.marketsandmarkets.com/Enquiry_Before_Bu
ying.asp?id774 Europe would be the largest
market for the solid state transformer in 2017,
and it is also expected to be the fastest-growing
region, followed by North America which is also
among the major regions that plays a significant
role in the growth of the solid state transformer
market. The growth of the solid state transformer
market in North America would be largely driven
by the U.S., which is expected to account for 90
of the total North American solid state (smart)
transformer market in 2017. The Asia-Pacific
market for solid state transformers is expected
to be driven by Japan and China. The report
describes market dynamics that include the key
drivers, restraints, challenges, and
opportunities with respect to the solid state
(smart) transformer market and forecasts the
market till 2020. This global report provides a
detailed view of the solid state transformer
market across products, applications, and
geographies. The report also profiles the
prominent players in the solid state (smart)
transformer market, along with their key growth
strategies. The competitive landscape of the
market analyzes a large number of players with
their market share. The solid state transformer
market is witnessing numerous collaborations and
partnerships across the value chain, to cater to
various industries in different geographies. 

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