Solid State Transformer Market Expects Asia-Pacific to be the Major Producer During Next Decade

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Solid state transformer Market -Forecast
(2017-2022)
By Component (Converters, Switches,
High-frequency Transformers) Product
(Distribution, Traction, Power Solid State
Transformer) By Application (Traction
locomotive, Power Grid, Others)


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• The Solid State Transformer Market deals with the
  development of a hybrid version of powerful
  semiconductor segments, control circuitry and
  regular enhanced frequency transformers. Such a
  solid state transformer is utilized to give extra
  adaptability in energy distribution, which helps
  in seamless conversion between AC and DC.
• The Solid State Transformer Market growth is
  driven by rapidly growing reliance on clean or
  green energy, rising utilization of electric
  vehicles, and large investment in smart grid
  networks. Also, new sustainable power sources
  like wind energy have shifted the area of
  research and interest towards the field of
  cutting-edge solid state transformer design,
  transformer efficiency and distribution systems.

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Scope Regional Forecast of the State
Transformer Market On the other hand, the
high cost associated with such transformer types
and the lack of SST transformer testing equipment
or protocols are anticipated to hinder the
development of the Solid State Transformer
Market. Elective power era is the most prevailing
utilization of strong state transformers driving
the market development. But those obstacles are
unlikely to dent the popularity of the state
transformer as falling prices of renewable
sources of energy like solar and rising usage of
traction locomotives improve the future growth
prospects of the Solid State Transformer Market.
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Segmentations Key Players Involved in the
Solid State Transformer Market According to
IndustryARC findings, the Solid State Transformer
Market can be broken down into various
segmentations on the basis of Component
Converters, Switches and High-frequency
Transformers. Product Distribution Solid State
Transformer, Traction Solid State Transformer and
Power Solid State Transformer. Process
Application Traction locomotive, Power Grid, EV
Charging Stations and Power Generation. Geography
Americas, Europe, Asia-Pacific and Rest of the
World.
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• Some of the key players involved in the Solid
  State Transformer Market according to IndustryARC
  are as follows
• Cooper Power Systems
• General Electric Co
• Gridbridge, Inc.
• Mitsubishi Electric Corporation
• Schneider Electric

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