Solid State (Smart) Transformer Market

Solid State Smart Transformer Market

Global Solid State Smart Transformer Market industry valued approximately USD 100.78 million in 2016 is anticipated to grow with a healthy growth rate of more than 25.12% over the forecast period 20172025. The shift from conventional transformers and increasing inclination for usage of solid state transformer or ‘super transformer’ is speculated to fuel the growth of the industry. The increasing advancements in smartgrids solutions are also expected to promote the growth positively.

The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and subsegment of the market are explained below:

Product

• Distribution Solid State Transformer
• Power Solid State Transformer
• Traction Solid State Transformer

Component

• Converters
• HighFrequency Transformer
• Switches

Application

• Alternate Power Generation
• Electric Vehicle Charging Stations
• Power Distribution
• Traction Locomotives

EndUse

• Energy
• Transportation

Regions

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Rest of the World

Furthermore, the years considered for the study are as follows

• Historical year — 2015
• Base year — 2016
• Forecast period — 2017 to 2025

Some of the key manufacturers involved in the market are General Electric, Cooper Power Systems, Mitsubishi Electric Corp., ABB Ltd., Siemens AG, Alstom, Schneider Electric SE, and GridBridge. New product launches focus on continuous technology innovations, acquisitions, and effective mergers are some of the strategies adopted by the key manufacturers. The companies are also trying to dominate the market by spending heavily in R&D for improved efficiency and dependability.

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Table of Contents

Chapter 1. Research Methodology
1.1. Research Process
1.1.1. Data Mining
1.1.2. Analysis
1.1.3. Market Estimation
1.1.4. Validation
1.1.5. Publishing
1.2. Research Assumption

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