Research Report on Solid State (Smart) Transformer Market

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MarketsandMarkets Presents
Global Solid State (Smart) Transformer Market
worth 5,043.39 Million by 2020

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lid-state-transformer-market-774.html
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According to the market research report Solid
State (Smart) Transformer Market Global
Forecast Analysis (2012 2020) By Application
(Smart Grid, Traction Locomotives, Electric
Vehicle Charging Stations, Others), Component
(Switches, High frequency Transformers,
Converters, Others) Geography published by
MarketsandMarkets (www.marketsandmarkets.com),
the total solid state transformers applications
market is expected to reach 5,043.39 million at
a CAGR of 82.3 from 2012 to 2020. Browse 92
market data tables 49 figures 228 pages
in-depth TOC on Global Solid State (Smart)
Transformer Market
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olid-state-transformer-market-774.html Early
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Solid state transformers are mainly made up of
power electronics-based components, also known as
power devices. These devices are used to convert
the characteristics (magnitude or frequency of
voltage and current) of electric power to match
or befit a particular application. Thus, they
work on the basis of interdisciplinary
technology. Power electronics has reduced the
size of solid state transformers significantly.
Reduction in size has increased the user-ability
and flexibility of the products thereof. Solid
state transformer has a capability to operate at
higher frequency range. Its physical size and
weight ratio to the legacy transformer is more
than 1100. Solid state transformers have many
advantages as compared to traditional
transformers. Some of them are bidirectional
power flow, high efficiency, high power quality,
high flexibility, and low maintenance cost.
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• The market segmentation revolves around the four
  major market parameters, namely components,
  applications, technology, and geography. Solid
  state transformers are being developed for some
  special applications like power grids, traction
  locomotives, electric charging stations, and
  others. The most notable application of solid
  state transformers is distribution system in the
  power grid.
• Solid State Transformer has a very niche market.
  Solid State Transformer has high potential on the
  distribution side of electricity transmission.
  The distribution of solid state transformer
  market is in introductory phase, and expected to
  witness exponential growth in the next 2 to 3
  years. Traction transformer offers a great market
  opportunity to the solid state transformers. It
  has already been tested successfully in a couple
  of places in Europe and U.S. As such, in near
  future, SST would be used in traction
  transformers on a major scale.

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Taking the geography into consideration, U.S.
would be the largest market for solid state
(smart) transformers. Smart grids and electric
vehicle charging application deploying SSTs, will
have a phenomenal market in the U.S. for the next
two years. Europe will lead traction locomotives
application of SST as the major chunk of testing
for solid state traction transformers has
happened in Europe, Swiss federal railways, being
a noted name in this regard. The major players
in the solid state transformers market include
ABB (Switzerland), Siemens AG (Germany),
Schneider Electric SA (France), Alstom (France),
Avago Technologies Limited (U.S.), Bombardier Inc
(Canada) ,Cooper power systems (U.S.), Mitsubishi
electric Corporation (Japan) , CREE Inc (U.S.) ,
Infineon Technologies (Germany),
STMicroelectronics (U.S.), SPX Transformers
(U.S.), GE (U.S.), Duke energy (U.S.),
Plasmatechnics Inc. (U.S.), Selco (U.S.),
Varentec (U.S.), and Gridco Systems (U.S.).
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