Solid State Transformers (SST) Market Product Types, Marketing Channel Development Trend, Market Effect Factors Analysis by 2025
A solid state transformer is a component comprising a multi-stage power electronics converter isolated having a high frequency transformer. On contrary, classical distribution transformer possess characteristics such as bulkiness, harmful on exposure to external environment, produces large inrush currents owing to core saturation.
A solid state transformer is a component comprising a multi-stage power electronics converter isolated having a high frequency transformer. On contrary, classical distribution transformer possess characteristics such as bulkiness, harmful on exposure to external environment, produces large inrush currents owing to core saturation.
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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 <strong>by</strong><br />
conventional transformer are overcome <strong>by</strong> a solid state transformer and a more relevant and 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 up to only distribution level.<br />
Commercially, the driving factors responsible for the growth of solid state transformers (<strong>SST</strong>) market include growing<br />
demand 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.<br />
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Geographically, the solid state transformers (<strong>SST</strong>) market spans North America, Latin America, Europe, Asia-Pacific,<br />
Middle-East and Africa. North America dominates the market growth in the estimated period owing to manufacture<br />
of solid state transformers (<strong>SST</strong>) and high awareness among the consumers for power generation. APAC regions are<br />
also expected to grow at a higher CAGR in the estimated period. MEA regions pose as potential regions for the<br />
development of solid state transformers (<strong>SST</strong>) market.<br />
The key players in the solid state transformers (<strong>SST</strong>) market include ABB Ltd., Schneider Electric SE, General Electric<br />
Co., Siemens AG, Alstom SA, Mitsubishi Electric Corporation, Eaton Corporation plc (Cooper Power Systems),<br />
Gridbridge, Inc., Varentec, Inc. and Maschinenfabrik Reinhausen (MR)<br />
<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
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