Solid State Transformers (SST) Market Application, Type and Competitive Insights 2018-2025
Global Solid State Transformers (SST) Market is expected to grow at a positive CAGR in the estimated period. A solid state transformer is a component comprising a multi-stage power electronics converter isolated having a high frequency transformer.
Global Solid State Transformers (SST) Market is expected to grow at a positive CAGR in the estimated period. A solid state transformer is a component comprising a multi-stage power electronics converter isolated having a high frequency transformer.
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<strong>Solid</strong> <strong>State</strong> <strong>Transformers</strong> (<strong>SST</strong>) <strong>Market</strong> <strong>Application</strong>,<br />
<strong>Type</strong> <strong>and</strong> <strong>Competitive</strong> <strong>Insights</strong> <strong>2018</strong>-<strong>2025</strong><br />
“Global <strong>Solid</strong> <strong>State</strong> <strong>Transformers</strong> (<strong>SST</strong>) <strong>Market</strong> is expected to<br />
grow at a positive CAGR in the estimated period. A solid state<br />
transformer is a component comprising a multi-stage power<br />
electronics converter isolated having a high frequency<br />
transformer. On contrary, classical distribution transformer<br />
possess characteristics such as bulkiness, harmful on exposure<br />
to external environment, produces large inrush currents owing<br />
to core saturation.”<br />
Global <strong>Solid</strong> <strong>State</strong> <strong>Transformers</strong> (<strong>SST</strong>) <strong>Market</strong> is expected to grow at a positive CAGR in the estimated period. A solid<br />
state transformer is a component comprising a multi-stage power electronics converter isolated having a high<br />
frequency transformer. On contrary, classical distribution transformer possess characteristics such as bulkiness,<br />
harmful on exposure to external environment, produces large inrush currents owing to core saturation. Whereas, a<br />
solid state transformer overcomes all hurdles <strong>and</strong> offers output compensation, instantaneous voltage regulation,<br />
voltage sag compensation, fault isolation, harmonic isolation, DC output, environmental benefit <strong>and</strong> metering or<br />
advanced distribution automation.<br />
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The need to manufacture solid state transformers rose due to need for conversion of AC to AC step-up or step-down<br />
with some functions identical to that of a conventional transformer. Simply put, the disadvantages offered by<br />
conventional transformer are overcome by a solid state transformer <strong>and</strong> a more relevant <strong>and</strong> precise output can be<br />
achieved. Also, it has the capacity to work as energy router for smart grid energy internet. Hence, the field of<br />
application of power electronic based solid state transformer is not limited upto only distribution level.<br />
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Commercially, the driving factors responsible for the growth of solid state transformers (<strong>SST</strong>) market include growing<br />
dem<strong>and</strong> for alternative power generation. Also, the rising adoption of renewable power sources such as wind & solar<br />
energy, traction locomotives are some major factors driving the solid state transformers (<strong>SST</strong>) market growth. The key<br />
players in the solid state transformers (<strong>SST</strong>) market include ABB Ltd., Schneider Electric SE, General Electric Co.,<br />
Siemens AG, Alstom SA, Mitsubishi Electric Corporation, Eaton Corporation plc (Cooper Power Systems), Gridbridge,<br />
Inc., Varentec, Inc. <strong>and</strong> Maschinenfabrik Reinhausen (MR)<br />
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<strong>Market</strong> Segment:<br />
The major manufacturers covered in this report<br />
• ABB<br />
• Siemens<br />
• Alstom<br />
• Schneider Electric<br />
• Avago Technologies<br />
• Bombardier<br />
• Cooper Power Systems
• SPX <strong>Transformers</strong><br />
• GE<br />
• Duke Energy<br />
Geographically, this report studies the top producers <strong>and</strong> consumers, focuses on product capacity, production,<br />
value, consumption, market share <strong>and</strong> growth opportunity in these key regions, covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Other Regions<br />
On the basis of product, this report displays the production, revenue, price, market share <strong>and</strong> growth rate of each<br />
type, primarily split into<br />
• Distribution <strong>Solid</strong> <strong>State</strong> Transformer<br />
• Traction <strong>Solid</strong> <strong>State</strong> Transformer<br />
• Power <strong>Solid</strong> <strong>State</strong> Transformer<br />
On the basis of the end users/applications, this report focuses on the status <strong>and</strong> outlook for major applications/end<br />
users, consumption (sales), market share <strong>and</strong> growth rate for each application, including<br />
• Alternative Power Generation<br />
• Smart Grid<br />
• Traction Locomotives
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https://www.millioninsights.com/industry-reports/solid-state-smart-transformer-market<br />
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