Solid State Transformer Market Size, Share, And Growth Report 2032

Solid State Transformer Market

Solid State Transformer Market by Product (Distribution Solid State Transformer, Traction Solid State Transformer, and Power Solid State Transformer), by Component (Converters, Switches, High-Frequency Transformers, and Others), and by Application (Electric Vehicle (EV) Charging Stations, Traction Locomotives, Alternative Power Generation, Power (Distribution) Grid, and Others), and By Region - Global And Regional Industry Overview, market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024-2032

Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-1286 Published Date: Aug-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 124.34 Billion USD 305.40 Billion 10.5% 2023

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global solid state transformer market, 2015 - 2024, (USD Million)
    • 2.2. Solid state transformer market: Market Snapshot
  •  
  • Chapter 3. Global Solid state transformer market - Industry Analysis
    • 3.1. Solid state transformer market: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Huge investments in the smart grids and energy systems
      • 3.2.2. Increasing emphasis on alternative energy production globally
    • 3.3. Restraints
      • 3.3.1. High initial Cost in the manufacturing and installation of solid-state transformers
    • 3.4. Opportunity
      • 3.4.1. The growth of the Electric Vehicle (EV) market and the allied infrastructure
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by product
      • 3.6.2. Market attractiveness analysis by component
      • 3.6.3. Market attractiveness analysis by application
      • 3.6.4. Market attractiveness analysis by region
  •  
  • Chapter 4. Global Solid state transformer market - Competitive Landscape
    • 4.1. Company market share analysis, 2017 (Subject to data availability)
  • Chapter 5. Global Solid state transformer market - Product Analysis
    • 5.1. Global solid state transformer market revenue share, by product 2017 & 2024
    • 5.2. Global solid state transformer market for distribution solid state transformer, 2015-2024 (USD Million)
    • 5.3. Global solid state transformer market for traction solid state transformer, 2015-2024 (USD Million)
    • 5.4. Global solid state transformer market for power solid state transformer, 2015-2024 (USD Million)
    • 5.5. Global solid state transformer market for others, 2015- 2024 (USD Million)
  •  
  • Chapter 6. Global Solid state transformer market - Component Analysis
    • 6.1. Global solid state transformer market revenue share, by component 2017 & 2024
    • 6.2. Global solid state transformer market for converters, 2015-2024 (USD Million)
    • 6.3. Global solid state transformer market for switches, 2015-2024 (USD Million)
    • 6.4. Global solid state transformer market for high-frequency transformers, 2015-2024 (USD Million)
    • 6.5. Global solid state transformer market for others, 2015- 2024 (USD Million)
  •  
  • Chapter 7. Global Solid state transformer market - Application Analysis
    • 7.1. Global solid state transformer market revenue share, by traction locomotives 2017 & 2024
    • 7.2. Global solid state transformer market for power (distribution) grid, 2015-2024 (USD Million)
    • 7.3. Global solid state transformer market electric vehicle (EV) charging stations, 2015-2024 (USD Million)
    • 7.4. Global solid state transformer market for alternative power generation, 2015-2024 (USD Million)
    • 7.5. Global solid state transformer market for others, 2015- 2024 (USD Million)
  •  
  • Chapter 8. Global Solid state transformer market - Regional Analysis
    • 8.1. Global solid state transformer market: Regional overview
      • 8.1.1. Global solid state transformer market revenue share, by region, 2016 and 2024
    • 8.2. North America
      • 8.2.1. North America
        • 8.2.1.1. North America solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.2.1.2. North America solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.2.1.3. North America solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.2.2. The U.S.
        • 8.2.2.1. The U.S. solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.2.2.2. The U.S. solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.2.2.3. The U.S. solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe
        • 8.3.1.1. Europe solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.3.1.2. Europe solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.3.1.3. Europe solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.2. U.K.
        • 8.3.2.1. U.K. solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.3.2.2. U.K. solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.3.2.3. U.K. solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.3. France
        • 8.3.3.1. France solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.3.3.2. France solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.3.3.3. France solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.4. Germany
        • 8.3.4.1. Germany solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.3.4.2. Germany solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.3.4.3. Germany solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific
        • 8.4.1.1. Asia Pacific solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.4.1.2. Asia Pacific solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.4.1.3. Asia Pacific solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.2. China
        • 8.4.2.1. China solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.4.2.2. China solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.4.2.3. China solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.3. Japan
        • 8.4.3.1. Japan solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.4.3.2. Japan solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.4.3.3. Japan solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.4. India
        • 8.4.4.1. India solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.4.4.2. India solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.4.4.3. India solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America
        • 8.5.1.1. Latin America solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.5.1.2. Latin America solid state transformer market revenue, by component, 2015 - 2024 (USD Million)
        • 8.5.1.3. Latin America solid state transformer market revenue, by application, 2015- 2024 (USD Million)
      • 8.5.2. Brazil
        • 8.5.2.1. Brazil solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.5.2.2. Brazil solid state transformer market revenue, by component, 2015 - 2024 (USD Million
        • 8.5.2.3. Brazil solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa
        • 8.6.1.1. The Middle East and Africa solid state transformer market revenue, by product, 2015 - 2024 (USD Million)
        • 8.6.1.2. The Middle East and Africa solid state transformer market revenue, by component, 2015 - 2024 (USD Million
        • 8.6.1.3. The Middle East and Africa solid state transformer market revenue, by application, 2015 - 2024 (USD Million)
  •  
  • Chapter 9. Company Profiles
    • 9.1. Siemens AG
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. ABB Ltd.
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. General Electric Co.
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Alstom SA
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Cooper Power Systems
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent development
    • 9.6. Schneider Electric
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Mitsubishi Electric Corporation
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments

Table Of Figures

List of Figures

1. Global solid state transformer market segmentation by product, component, application, and region
2. Global solid state transformer market, 2015 - 2024 (USD Million)
3. Porter’s Five Forces Analysis
4. Global solid state transformer market attractiveness, by product
5. Global solid state transformer market attractiveness, by component
6. Global solid state transformer market attractiveness, by application 
7. Global solid state transformer market attractiveness, by region
8. Global solid state transformer market revenue share, by product 2017 & 2024
9. Global solid state transformer market for distribution solid state transformer 2015-2024 (USD Million)
10. Global solid state transformer market for traction solid state transformer 2015-2024 (USD Million)
11. Global solid state transformer market for power solid state transformer 2015-2024 (USD Million)
12. Global solid state transformer market revenue share, by component 2017 & 2024
13. Global solid state transformer market converters, 2015-2024 (USD Million)
14. Global solid state transformer market switches, 2015-2024 (USD Million)
15. Global solid state transformer market high-frequency transformer, 2015-2024 (USD Million)
16. Global solid state transformer market revenue share, by application 2017 & 2024
17. Global solid state transformer market for traction locomotives, 2015-2024 (USD Million)
18. Global solid state transformer market for power (distribution) grid, 2015 – 2024 (USD Million)
19. Global solid state transformer market for electric vehicle, 2015 – 2024 (USD Million)
20. Global solid state transformer market for alternate power generation,2015 – 2024 (USD Million)
21. Global solid state transformer market for others,2015 – 2024 (USD Million)
22. Global solid state transformer market revenue share, by region, 2015 - 2024
23. North America solid state transformer market, 2015 - 2024, (USD Million)
24. Europe solid state transformer market, 2015 - 2024, (USD Million)
25. UK solid state transformer market, 2015-2024 (USD Million)
26. France solid state transformer market, 2015-2024 (USD Million)
27. Germany solid state transformer market, 2015-2024 (USD Million)
28. Asia Pacific solid state transformer market, 2015 - 2024(USD Million)
29. China solid state transformer market, 2015-2024 (USD Million)
30. Japan solid state transformer market, 2015-2024 (USD Million) 
31. India solid state transformer market, 2015-2024 (USD Million) 
32. Latin America solid state transformer market, 2015-2024 (USD Million)
33. Brazil solid state transformer market, 2015-2024 (USD Million)
34. The Middle East and Africa solid state transformer market, 2015 – 2024, (USD Million)


Table Of Tables

List of Tables

1. Global solid state transformer market snapshot
2. Drivers for solid state transformer market: Impact analysis
3. Restraints of solid state transformer market: Impact analysis
4. North America solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
5. North America solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
6. North America solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
7. The U.S. solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
8. The U.S. solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
9. The U.S. solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
10. Europe solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
11. Europe solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
12. Europe solid state transformer market revenue, by application, 2015 – 2024 (USD Million)
13. U.K. solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
14. U.K. solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
15. U.K. solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
16. France solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
17. France solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
18. France solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
19. Germany solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
20. Germany solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
21. Germany solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
22. Asia Pacific solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
23. Asia Pacific solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
24. Asia Pacific solid state transformer market revenue, by application, 2015 – 2024  (USD Million) 
25. China solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
26. China solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
27. China solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
28. Japan solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
29. Japan solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
30. Japan solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
31. India solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
32. India solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
33. India solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
34. Latin America solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
35. Latin America solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
36. Latin America solid state transformer market revenue, by application, 2015– 2024  (USD Million)
37. Brazil solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
38. Brazil solid state transformer market revenue, by component, 2015 – 2024  (USD Million)
39. Brazil solid state transformer market revenue, by application, 2015 – 2024  (USD Million)
40. The Middle East and Africa solid state transformer market revenue, by product, 2015 – 2024  (USD Million)
41. The Middle East and Africa solid state transformer market revenue, by component, 2015 – 2024  (USD Million
42. The Middle East and Africa solid state transformer market revenue, by application, 2015 – 2024  (USD Million)

Methodology

FrequentlyAsked Questions

Solid state transformer (SST), also known as power electronic transformer (EPT), is a kind of power transformation technology that works on electromagnetic induction principle.

According to study, the Solid State Transformer Market size was worth around USD 124.34 billion in 2023 and is predicted to grow to around USD 305.40 billion by 2032.

The CAGR value of Solid State Transformer Market is expected to be around 10.5% during 2024-2032.

North America  has been leading the Solid State Transformer Market and is anticipated to continue on the dominant position in the years to come.

The Solid State Transformer Market is led by players like Cooper Power Systems, Siemens AG, ABB Ltd., General Electric Co., Alstom SA, Schneider Electric, and Mitsubishi Electric Corporation, among others.

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