Solid State Transformer Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-28 - PowerPoint PPT Presentation

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Solid State Transformer Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-28


According to the latest research report by IMARC Group, The global solid state transformer market size reached US$ 187.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 430.2 Million by 2028, exhibiting a growth rate (CAGR) of 14.3% during 2023-2028. More Info:- – PowerPoint PPT presentation

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Title: Solid State Transformer Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-28

Global Solid State Transformer Market Research
and Forecast Report 2023-2028
  • Format PDFEXCEL

2023 IMARC All Rights Reserved
About IMARC Group
  • International Market Analysis Research and
    Consulting Group is a leading adviser on
    management strategy and market research
    worldwide. We partner with clients in all regions
    and industry verticals to identify their
    highest-value opportunities, address their most
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  • IMARCs information products include major
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  • IMARCs tailored approach combines unfathomable
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    clients achieve unmatchable competitive
    advantage, build more proficient organizations,
    and secure lasting results.

Report Highlight and Description
  • According to the latest report by IMARC Group,
    titled "Solid State Transformer Market Global
    Industry Trends, Share, Size, Growth, Opportunity
    and Forecast 2023-2028," the global solid state
    transformer market size reached US 187.9 Million
    in 2022.
  • A solid state transformer, or SST, refers to a
    single-input dual-output power converter that
    facilitates voltage conversion from alternate
    current (AC) to direct current (DC), DC to DC,
    and DC to AC on different voltage levels. It
    offers high controllability and enables flexible
    connectivity between existing medium-voltage
    power distribution networks, low-voltage AC
    residential systems, and envisioned DC
    residential systems.
  • It also compensates the voltage sags and harmonic
    distortion, interconnects asynchronous networks,
    and interfaces DC and AC ports. In addition, it
    can isolate disturbances from the source and load
    or vice versa while eliminating the use of tap
    changers or mechanical actuators. As a result,
    SST finds extensive applications in power grids,
    traction or locomotives, renewable power
    generation, and electric ships.
  • Request for a PDF sample of this report

Report Description
  • Global Solid State Transformer Market Trends
  • The expanding energy sector, coupled with heavy
    investments in smart grid infrastructure,
    represents the primary factor driving the market
    growth. Moreover, SST is gaining immense traction
    as a superior alternative to conventional
    transformers in smart grids as it offers voltage
    regulation, power quality improvement, current
    limiting, reactive power compensation, and power
    factor correction. Besides this, the rapid
    modernization of smart grids and the widespread
    incorporation of electronic intelligence
    capabilities for power control and operations
    monitoring have augmented the demand for smart
    grid technologies, such as SSTs. Additionally,
    there has been a rise in the use of SSTs in
    electric vehicle (EV) charging stations. In line
    with this, the elevating EV sales across the
    globe due to the growing environmental concerns
    among individuals and the implementation of
    favorable government initiatives promoting the
    use of EVs have accelerated product adoption
    rates. Furthermore, the increasing preferences
    for renewable energy sources, such as wind and
    solar energy, for power generation due to
    escalating electricity demand and the surging
    need to reduce carbon footprints has fueled the
    market growth. Other factors, including the
    rising public and private investments in
    distribution and power transmission
    infrastructure, ongoing research and development
    (RD) activities by key players, and
    technological advancements, are also creating a
    positive market outlook.
  • Looking forward, IMARC Group expects the market
    value to reach US 430.2 Million by 2028, growing
    at a CAGR of 14.3 during 2023-2028.
  • View Report TOC, Figures and Tables

Report Segmentation
  • Breakup by Product
  • Distribution Solid State Transformer
  • Power Solid State Transformer
  • Traction Solid State Transformer
  • Breakup by Component
  • Converters
  • High-frequency Transformers
  • Switches
  • Others
  • Breakup by Voltage Level
  • HV/MV
  • MV/LV
  • Breakup by Application
  • Alternative Power Generation

Report Segmentation
  • Electric Vehicle Charging Stations
  • Power Distribution
  • Traction Locomotives
  • Others
  • Breakup by End User
  • Energy
  • Transportation
  • Others
  • Breakup by Region
  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Competitive Landscape with Key Players
  • ABB Ltd.
  • Alstom SA
  • Eaton Corporation PLC
  • Electric Research and Manufacturing Cooperative
    Inc. (ERMCO) (Arkansas Electric Cooperatives
  • General Electric Company
  • Hitachi Ltd.
  • Kirloskar Electric Company Ltd.
  • Mitsubishi Electric Corporation
  • Schneider Electric SE
  • Siemens AG
  • Synergy Transformers
  • Vollspark.

Key Questions Answered in the Report
Key Questions Answered in the Report
Table of Contents
  • 1    Preface2    Scope and Methodology    2.1  
     Objectives of the Study    2.2  
     Stakeholders    2.3    Data Sources       
    2.3.1    Primary Sources        2.3.2  
     Secondary Sources    2.4    Market Estimation 
          2.4.1    Bottom-Up Approach        2.4.2  
     Top-Down Approach    2.5    Forecasting
    Methodology3    Executive Summary4  
     Introduction    4.1    Overview    4.2    Key
    Industry Trends5    Global Solid State
    Transformer Market    5.1    Market Overview   
    5.2    Market Performance    5.3    Impact of
    COVID-19  5.4    Market Forecast
  • 6     Market Breakup by Product    6.1  
     Distribution Solid State Transformer       
    6.1.1 Market Trends        6.1.2 Market
    Forecast    6.2    Power Solid State
    Transformer        6.2.1 Market Trends       
    6.2.2 Market Forecast    6.3    Traction Solid
    State Transformer        6.3.1 Market Trends   
        6.3.2 Market Forecast7   Market Breakup by

Table of Contents
  •     7.1    Converters        7.1.1 Market
    Trends        7.1.2 Market Forecast    7.2  
     High-frequency Transformers        7.2.1 Market
    Trends        7.2.2 Market Forecast    7.3  
     Switches        7.3.1 Market Trends       
    7.3.2 Market Forecast    7.4    Others       
    7.4.1 Market Trends        7.4.2 Market
    Forecast8   Market Breakup by Voltage Level   
    8.1    HV/MV        8.1.1 Market Trends       
    8.1.2 Market Forecast    8.2    MV/LV       
    8.2.1 Market Trends        8.2.2 Market
    Forecast9   Market Breakup by Application   
    9.1    Alternative Power Generation        9.1.1
    Market Trends        9.1.2 Market Forecast   
    9.2    Electric Vehicle Charging Stations       
    9.2.1 Market Trends        9.2.2 Market Forecast
  •     9.3    Power Distribution        9.3.1
    Market Trends        9.3.2 Market Forecast
  • For more information, visit https//www.imarcgrou

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