Solid State Transformers Market is Expected to Reach $247.0 Million, By Top Leading Companies ABB Ltd., Schneider Electric SE, General Electric Co., Siemens AG, Alstom SA, Mitsubishi Electric Corporation, Eaton Corporation plc (Cooper Power Systems), Grid

Power solid state transformers segment is projected to generate the highest revenue by 2020, attributed to its rising adoption rates, economical cost and high popularity across power grid infrastructures. However, traction solid state transformers, is expected be the fastest growing segment with a CAGR of 47.2%. Increasing electrification of trains, usage of electric vehicles, compatible size and high efficiency output of solid state transformers, are responsible for the growth of traction solid state transformers market.

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Solid state Transformers (SST) Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $247.0 million by 2020, registering a CAGR of 46.6%. Power solid state transformers segment is estimated to occupy more than half of the market revenue by 2020. The North American market is anticipated to exhibit the highest CAGR of 49.3% during the forecast period.

Solid state transformers (SST) are expected to be commercialized by 2018, and would grow at a CAGR of 46.6% during the forecast period. The major factors driving the market growth are shifting trends from conventional transformers to advanced solid state transformers or smart transformers and expanding traction locomotives in emerging economies. In addition, alternative power generation sources such as wind and solar energy would largely supplement the solid state transformers market growth. Solid state transformers technology is poised to grow at a remarkable pace, owing to its associated benefits over traditional transformers such as compact size, efficiency, AC to DC conversion, bidirectional power flow and others.

Moreover, implementation of SSTs is expected bring about shift in the way utility power is distributed, thereby making SST an integral part of future smart grid. In addition, growing demand of electric vehicles is anticipated to provide opportunities for the companies operating in the smart transformers market. However, factors such as high cost associated with smart transformers, unawareness among potential end users and inadequate solid state transformers testing infrastructure, are projected to hinder the market growth.

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North America and Europe, are expected to account for more than half of the overall market revenue during the study period. This is attributed to increasing demand for solid state transformers due to the overstated use of renewable energy as a preferred source of electricity generation and distribution.

The key companies profiled in this report 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. Maschinenfabrik Reinhausen (MR), and others.

Key Findings of Solid State Transformers Market:

• Traction solid state transformers is projected to be the fastest growing segment with a CAGR of 47.2% during the forecast period.
• Power solid state transformers would continue to lead the market throughout the study period.
• Alternative power generation application segment is projected to be the highest revenue generating segment by 2018.
• Electric vehicle charging stations application segment is estimated to register the highest CAGR of 49.2%.
• Europe is expected to be the highest revenue generating segment in global solid state transformers market by 2020.

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


Chapter: 7 COMPANY PROFILES

7.1 Schneider Electric SE

7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Business performance
7.1.4 SWOT analysis of Schneider Electric SE

7.2 General Electric Co.

7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Business performance
7.2.4 SWOT analysis of General Electric Company

7.3 ABB Ltd.

7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Business performance
7.3.4 SWOT analysis of ABB Ltd.

7.4 Siemens AG

7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Business performance
7.4.4 SWOT analysis of Siemens AG

7.5 Alstom SA

7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Business performance
7.5.4 SWOT analysis of Alstrom SA

7.6 Mitsubishi Electric Corporation

7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Business performance
7.6.4 SWOT analysis of Mitsubishi Electric Corporation

7.7 Eaton Corporation plc (Cooper Power Systems)

7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Business performance
7.7.4 SWOT analysis of Eaton Corporation Plc

7.8 Gridbridge, Inc.

7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 SWOT analysis of Gridbridge, Inc.

7.9 Varentec, Inc.

7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 SWOT analysis of Varentec, Inc.

7.10 Maschinenfabrik Reinhausen (MR)

7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 SWOT analysis of Maschinenfabrik Reinhausen GmbH

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