Solid State transformer Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027

The Solid State transformer Market size is expected to grow at an annual average of 14% during 2021-2027. Solid State Transformer (SST), also known as “smart transformer”, is a fusion of high-power semiconductor components, control circuits and conventional high-frequency transformers. Smart transformers are used to provide additional flexibility for controlling your power distribution network, so you can seamlessly convert AC to DC and DC to AC depending on your requirements.

The following segmentation are covered in this report:

By Product

• Power Solid State Transformers
• Distribution Solid State Transformers
• Traction Solid State Transformers

 By Application

• Electric Vehicle Charging Stations
• Traction Locomotives
• Power Grid
• Alternative Power Generation

 Company Profile

• ABB Ltd.
• Alstom SA
• Amantys Limited
• Eaton Corporation Plc
• General Electric Co.
• GridBridge
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Siemens AG
• Varentec, Inc.

Scope of the report

The research study analyses the Solid State transformer Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North america market size and/or volume
• Latin america market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Solid State transformer Market Report

• What was the Solid State transformer Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
• What will be the CAGR of Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Solid State transformer Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.