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Global Solid State Smart Transformers Market by Type (Type I, Type II), By Application (Energy, Transportation, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ES-1022
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 96
  • No. Of Pages: 233
  • Format:
  • Pub. Date: 2021-03-01
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The Global Solid State Smart Transformers Market size is expected to grow at a CAGR of 8.4% during the period 2021-2028. The major drivers for this growth are an increase in demand from transportation and energy applications and a reduction in cost per wattage incurred by inverter manufacturers.

 

Solid State Transformers (SSTs) are the most efficient and commercially viable solution for power quality improvement. They offer a combination of high efficiency, low harmonic distortion, compact size, and fast response to supply voltage fluctuations or unexpected load changes.

 

On the basis of Types, the market is segmented into Type I and Type II.

 

Type I Solid State Transformers:

Type I solid-state transformers are used for converting power at one voltage level to another. It is done by changing the physical arrangement of electrical components, instead of using magnetic coils and switching devices.

 

Type II Solid State Transformers:

A Type II Solid State Transformer is a type of transformer that uses the semiconductor device instead of an iron core to transfer and transform power. Unlike other types, it does not include any mercury-based components which make them safer and more sustainable.

 

On the basis of Application, the market is segmented into Energy, Transportation, Others.

 

Energy:

Solid State Transformer (SST) has become a pivotal part of smart grids and renewables integration. The SST is also considered an essential component for demand-side management, peak shaving, voltage support, and power quality improvement in the energy sector.

 

Transportation:

Solid State Transformers have a wide range of uses in Transportation. An electric car requires an inverter to convert the DC power supplied by batteries into AC current, which is used for running electrical appliances and charging batteries. The process can be energy-efficient if it involves a Solid State Transformer as opposed to traditional Smart Inverters that use IGBTs or MOSFETs. A number of other products such as battery chargers, UPS systems, etc., also utilize Solid State Transformers as they require accurate voltage regulation without any losses during transmission from one device to another.

 

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America is set to be leading the SST Market as compared to other regions due to increasing penetration rates across various end-user industries such as transportation, industrial & commercial buildings, healthcare facilities, etc.; there will also be an increase in investments related to smart grid development within this region along with developing infrastructure projects on account of changing demographics among others factors are likely to create significant opportunities for the SST Market in this region.

 

Growth Factors For The Global Solid State Smart Transformers Market:

The key driving factors for the growth of this market are the increasing demand for efficient power distribution networks and steady growth in the electric vehicle market. In addition, as smart grids are becoming increasingly prevalent around the globe, this major factor will also drive solid-state transformer sales going forward.

 


Up Market Research published a new report titled “Solid State Smart Transformers Market research report which is segmented by Types (Type I, Type II), By Applications (Energy, Transportation, Others), By Players/Companies ABB, General Electric, Alstom, Mitsubishi Electric, Siemens, Schneider Electric, Cooper Power Systems, Varentec, Amantys Limited, GridBridge”. 

 

Report Scope

Report Attributes Report Details
Report Title Solid State Smart Transformers Market Research Report
By Type Type I, Type II
By Application Energy, Transportation, Others
By Companies ABB, General Electric, Alstom, Mitsubishi Electric, Siemens, Schneider Electric, Cooper Power Systems, Varentec, Amantys Limited, GridBridge
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 233
Number of Tables & Figures 164
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Solid State Smart Transformers Industry Outlook
 

Global Solid State Smart Transformers Market Report Segments:

The market is segmented by Type Type I, Type II and By Application Energy, Transportation, Others.

 

Some of the companies that are profiled in this report are:

  1. ABB
  2. General Electric
  3. Alstom
  4. Mitsubishi Electric
  5. Siemens
  6. Schneider Electric
  7. Cooper Power Systems
  8. Varentec
  9. Amantys Limited
  10. GridBridge
 

Solid State Smart Transformers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Solid State Smart Transformers Market
 

Overview of the regional outlook of the Solid State Smart Transformers Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Solid State Smart Transformers Market Overview
 

Highlights of The Solid State Smart Transformers Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Solid State Smart Transformers Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Type I

                2. Type II

       7. By Application:

                1. Energy

                2. Transportation

                3. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Solid State Smart Transformers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Solid State Smart Transformers Market Statistics
 

Reasons to Purchase the Solid State Smart Transformers Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solid State Smart Transformers Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Solid State Smart Transformers Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Solid State Smart Transformers Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Solid State Smart Transformers Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Solid State Smart Transformers Market Size & Forecast, 2018-2028 
      4.5.1 Solid State Smart Transformers Market Size and Y-o-Y Growth 
      4.5.2 Solid State Smart Transformers Market Absolute $ Opportunity 


Chapter 5 Global Solid State Smart Transformers Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Solid State Smart Transformers Market Size Forecast by Type
      5.2.1 Type I
      5.2.2 Type II
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Solid State Smart Transformers Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Solid State Smart Transformers Market Size Forecast by Applications
      6.2.1 Energy
      6.2.2 Transportation
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Solid State Smart Transformers Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Solid State Smart Transformers Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Solid State Smart Transformers Analysis and Forecast
   9.1 Introduction
   9.2 North America Solid State Smart Transformers Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Solid State Smart Transformers Market Size Forecast by Type
      9.6.1 Type I
      9.6.2 Type II
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Solid State Smart Transformers Market Size Forecast by Applications
      9.10.1 Energy
      9.10.2 Transportation
      9.10.3 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Solid State Smart Transformers Analysis and Forecast
   10.1 Introduction
   10.2 Europe Solid State Smart Transformers Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Solid State Smart Transformers Market Size Forecast by Type
      10.6.1 Type I
      10.6.2 Type II
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Solid State Smart Transformers Market Size Forecast by Applications
      10.10.1 Energy
      10.10.2 Transportation
      10.10.3 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Solid State Smart Transformers Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Solid State Smart Transformers Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Solid State Smart Transformers Market Size Forecast by Type
      11.6.1 Type I
      11.6.2 Type II
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Solid State Smart Transformers Market Size Forecast by Applications
      11.10.1 Energy
      11.10.2 Transportation
      11.10.3 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Solid State Smart Transformers Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Solid State Smart Transformers Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Solid State Smart Transformers Market Size Forecast by Type
      12.6.1 Type I
      12.6.2 Type II
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Solid State Smart Transformers Market Size Forecast by Applications
      12.10.1 Energy
      12.10.2 Transportation
      12.10.3 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Solid State Smart Transformers Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Solid State Smart Transformers Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Solid State Smart Transformers Market Size Forecast by Type
      13.6.1 Type I
      13.6.2 Type II
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Solid State Smart Transformers Market Size Forecast by Applications
      13.10.1 Energy
      13.10.2 Transportation
      13.10.3 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Solid State Smart Transformers Market: Competitive Dashboard
   14.2 Global Solid State Smart Transformers Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 ABB
      14.3.2 General Electric
      14.3.3 Alstom
      14.3.4 Mitsubishi Electric
      14.3.5 Siemens
      14.3.6 Schneider Electric
      14.3.7 Cooper Power Systems
      14.3.8 Varentec
      14.3.9 Amantys Limited
      14.3.10 GridBridge
Segments Covered in the Report
The global Solid State Smart Transformers market has been segmented based on

By Types
  • Type I
  • Type II
By Applications
  • Energy
  • Transportation
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • ABB
  • General Electric
  • Alstom
  • Mitsubishi Electric
  • Siemens
  • Schneider Electric
  • Cooper Power Systems
  • Varentec
  • Amantys Limited
  • GridBridge

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