Solid State (Smart) Transformer Market by Application (Electric Vehicle Charging Stations, Traction Locomotives, Power Grid, Alternative Power Generation) and Product (Power Solid State, Distribution Solid State, Traction Solid State Transformers)

The Solid State Transformers (SST) Market is expected to garner $247.0 million by 2020, supported by a CAGR of 46.6%. Solid state transformer (SST), alternately known as “smart transformer,” is an amalgamation of high-powered semiconductor components, control circuitry and conventional high frequency transformers. The smart transformers are used to provide additional flexibility to control power distribution networks, thereby facilitating the smooth conversion of AC to DC and DC to AC, as per requirement.

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Solid state transformers cater to a wide variety of applications, ranging from alternative power generation to traction locomotives, power grid and electric industries, and others. Solid state transformers are used in a wide range of applications, which would facilitate the smooth transition from AC to DC and DC to AC, besides voltage conversion. Alternative power generation is the most dominant application of solid state transformers driving the market growth. Increasing adoption of renewable power sources, such as wind & solar energy, traction locomotives, are major factors boosting the adoption of solid state transformers globally.

The global solid state transformers industry is driven by, increasing preference for renewable energy source, growing use of traction locomotives & electric vehicles and heavy investments in smart grids & energy systems. In addition, new renewable energy sources, such as tidal energy for power generations have boosted research & development activities in the field of electric distribution network, further driving the market growth. However, high cost associated with solid state transformers and inadequate SST testing infrastructure are expected to hamper the market growth.

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The report is analyzed on the basis of potential as well as actual market for solid state transformers. Both the markets are taken into consideration on the basis of increasing demand of renewable energy sources and SST in traction locomotives sector. The smart transformers technology is still evolving while the market is estimated to generate revenue from 2018. The report also highlights information pertaining to the past and existing opportunity revenues in the market. The rate of adoption of smart transformers would depend entirely upon the growing awareness and accessibility of this technology in future.

The global solid state transformers market is segmented into application, product, and geography. The application segment includes alternative power generation, power grid, traction locomotives, and electric vehicle charging stations. Alternative power generation is the highest revenue-generating segment on account of efficient electric generation technology through renewable energy sources. In addition, traction locomotives and power grids are other major applications boosting the growth of the market for solid state transformers.

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The global solid state transformers market by products is categorized into distribution, power, and traction transformers. Power transformers, is poised to generate the highest revenue throughout the forecast period. However, traction transformer would emerge as the fastest growing segment during the analysis period, owing to the growing demand of solid state transformers in traction locomotives sector. The solid state transformers industry is segmented into North America, Europe, Asia-Pacific, and LAMEA.

The key companies operating in the global solid state transformers industry include, ABB Ltd., Schneider Electric SE, General Electric Co., Siemens AG, Alstom SA, Mitsubishi Electric Corporation, Eaton Corporation plc (Cooper Power Systems), Gridbridge, Inc., Varentec, Inc. and Maschinenfabrik Reinhausen (MR), and others.

Table of Content:

Chapter: 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO perspective

Chapter: 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top investment pockets
3.2.2 Current research & development in SST technology

3.3 Top player positioning
3.4 Market dynamics

3.4.1 Drivers
3.4.2 Restraints
3.4.3 Opportunities

Chapter: 4 WORLD SOLID STATE TRANSFORMERS MARKET, BY PRODUCTS, 2014-2020

4.1 Overview

4.1.1 Market size and forecast

4.2 Power solid state transformers

4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast

4.3 Distribution solid state transformers

4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast

4.4 Traction solid state transformers

4.4.1 Key market trends
4.4.2 Key growth factors and opportunities
4.4.3 Market size and forecast

Chapter: 5 WORLD SOLID STATE TRANSFORMERS MARKET, BY APPLICATIONS, 2014 - 2020

5.1 Overview

5.1.1 Market size and forecast

5.2 Alternative power generation

5.2.1 Market size and forecast

5.3 Power grid

5.3.1 Market size and forecast

5.4 Traction locomotives

5.4.1 Market size and forecast

5.5 Electric vehicle charging stations

5.5.1 Market size and forecast

Chapter: 6 WORLD SOLID STATE TRANSFORMERS MARKET BY GEOGRAPHY, 2014-2020

6.1 Overview

6.1.1 Market size and forecast

6.2 North America

6.2.1 Key market trends
6.2.1 Key growth factors and opportunities
6.2.2 Market size and forecast

6.3 Europe

6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast

6.4 Asia-Pacific

6.4.1 Key market trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast

6.5 LAMEA

6.5.1 Key market trends
6.5.2 Key growth factors and opportunities
6.5.3 Market size and forecast

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