Global Solid State Transformers Market Report By Product (Distribution Solid State Transformer, Power Solid State Transformer, Traction Solid State Transformer) By Application (Renewable Power Generation, Wind Power, Solar Power, Tidal Power, Automotive, Power Grids, Traction Locomotives, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027

ID:VMR11215611
July 2021
Report Formats:
Global Solid State Transformers Market Overview
 
The key drivers impacting the solid state transformers market are the increasing investments in smart grids and energy systems. Also, the requirement for handling high load capacity and efficient bi-directional power flow in power grid sectors, in turn, is expected to raise the adoption of solid state transformers. This is surging the demand for advanced products, thus positively impact market growth. Moreover, the rising demand for alternative power generation and expanding transportation infrastructure in developing regions contributes to solid state transformers market demand in the later years.
According to Value Market Research, the global Solid state transformers market size was valued at about USD 181 million in 2020 and is estimated to grow at a CAGR of around 16% during the forecast period 2021 to 2027.

The increase in smart city projects in developing regions will likely augment solid state transformers demand in the forecast period. The solid state transformers can be utilized for electric transport infrastructure to advance energy distribution; thus, rising adoption and demand for electric vehicles is expected to drive the market growth. However, the high initial costs of solid-state transformers hamper the market in the long run. In addition, the reluctance of power companies to reinstate aging energy infrastructures is negatively impacted the market growth. Nevertheless, the market trends, such as the rising adoption of electric vehicles and traction locomotives, might provide considerable opportunities to the market's leading players.

The solid state transformers market is widespread, with many local and international players. The market leaders follow diverse strategies such as amalgamation, extending product portfolio, acquisitions, contracts, product upgrades to strengthen their market share globally. The key players in the report are ABB Ltd., Alstom, General Electric, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Cooper Power Systems, Amantys Limited, Varentec, Inc., and GridBridge.
 
Global Solid State Transformers Market Share
In this research report, the solid state transformers market is segmented by product, application, and region.

Analysis by Product:
By Product, the report is segmented into distribution solid state transformer, power solid state transformer, and traction solid state transformer. The power solid state transformer segment dominates with the highest market share in the forecast period. It is because such type of SSTs is cost-effective thus extremely adopted in developing regions such as the Asia Pacific and even in Latin America. Moreover, the presence of features like bidirectional supply is likely to improve the power distribution efficiency of these transformers, thus adding growth to the power solid state transformer segment in the forecast period.

Analysis by Application:
By Application, the report is segmented into renewable power generation, wind power, solar power, tidal power, automotive, power grids, traction locomotives, and others. The renewable power generation segment dominates the application segment with the highest share in 2020. It is due to the huge adoption of these types of transformers for power generation from solar, wind, and tidal energy. Moreover, transformers are involved in dropping the costs involved in electricity generation contributing to the growth of the renewable power generation segment growth.

Analysis by Region:  
In the regional outlook of the global solid state transformers market, the Europe region dominates with the largest market share in 2020. It is due to the presence of key companies such as Siemens AG and Alstom. Moreover, the growing government investments in smart grid and massive adoption of renewable energy such as solar and wind power plants in major European countries thus contribute to the huge market growth across Europe.

Market Segmentation covered in the Report:
By Product
  • Distribution Solid State Transformer
  • Power Solid State Transformer
  • Traction Solid State Transformer
 
By Application
  • Renewable Power Generation
  • Wind Power
  • Solar Power
  • Tidal Power
  • Automotive
  • Power Grids
  • Traction Locomotives
  • Others
 
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.     

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . SOLID STATE TRANSFORMERS – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Product
           3.7.2 By Application
           3.7.3 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL SOLID STATE TRANSFORMERS MARKET ANALYSIS BY PRODUCT
       6.1 Overview by Product
       6.2 Historical and Forecast Data
       6.3 Analysis by Product
       6.4 Distribution Solid State Transformer Market by Regions
       6.6 Power Solid State Transformer Market by Regions
       6.5 Traction Solid State Transformer Market by Regions
 
7 . GLOBAL SOLID STATE TRANSFORMERS MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Renewable Power Generation Market by Regions
       7.5 Wind Power Market by Regions
       7.6 Solar Power Market by Regions
       7.7 Tidal Power Market by Regions
       7.8 Automotive Market by Regions
       7.9 Power Grids Market by Regions
       7.10. Traction Locomotives Market by Regions
       7.11 Others Market by Regions
 
8 . GLOBAL SOLID STATE TRANSFORMERS MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
 
9 . COMPETITIVE LANDSCAPE OF THE SOLID STATE TRANSFORMERS COMPANIES
       9.1. Solid State Transformers Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF SOLID STATE TRANSFORMERS INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. ABB Ltd.
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Alstom
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. General Electric
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Mitsubishi Electric Corporation
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Schneider Electric SE
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Siemens AG
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Cooper Power Systems
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Amantys Limited
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Varentec Inc.
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. GridBridge
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  • Market Snapshot
  • Drivers : Impact Analysis
  • Restraints : Impact Analysis
  • List of Raw Material
  • List of Raw Material Manufactures
  • List of Potential Buyers
  • COVID-19 Impact Analysis by Production, Import, Export and Demand
  • Pre V/S Post COVID-19
  • Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  • COVID-19: Micro and Macro Factor Analysis
  • Analysis by Product (USD MN)
  • Distribution Solid State Transformer Market by Geography (USD MN)
  • Power Solid State Transformer Market by Geography (USD MN)
  • Traction Solid State Transformer Market by Geography (USD MN)
  • Analysis Market by Application (USD MN)
  • Renewable Power Generation Market by Geography (USD MN)
  • Wind Power Market by Geography (USD MN)
  • Solar Power Market by Geography (USD MN)
  • Tidal Power Market by Geography (USD MN)
  • Automotive Market by Geography (USD MN)
  • Power Grids Market by Geography (USD MN)
  • Traction Locomotives Market by Geography (USD MN)
  • Others Market by Geography (USD MN)
  • Global Solid State Transformers Market by Geography (USD MN)
  • North America Market Analysis (USD MN)
  • United State Market Analysis (USD MN)
  • Canada Market Analysis (USD MN)
  • Mexico Market Analysis (USD MN)
  • Europe Market Analysis (USD MN)
  • Europe Market Estimate by Country (USD MN)
  • United Kingdom Market Analysis (USD MN)
  • France Market Analysis (USD MN)
  • Germany Market Analysis (USD MN)
  • Italy Market Analysis (USD MN)
  • Russia Market Analysis (USD MN)
  • Spain Market Analysis (USD MN)
  • Rest of Europe Market Analysis (USD MN)
  • Asia Pacific Market Analysis (USD MN)
  • China Market Analysis (USD MN)
  • Japan Market Analysis (USD MN)
  • India Market Analysis (USD MN)
  • South Korea Market Analysis (USD MN)
  • Australia Market Analysis (USD MN)
  • Rest of Asia Pacific Market Analysis (USD MN)
  • Latin America Market Analysis (USD MN)
  • Brazil Market Analysis (USD MN)
  • Argentina Market Analysis (USD MN)
  • Peru Market Analysis (USD MN)
  • Chile Market Analysis (USD MN)
  • Rest of Latin America Market Analysis (USD MN)
  • Middle East & Africa Market Analysis (USD MN)
  • Saudi Arabia Market Analysis (USD MN)
  • UAE Market Analysis (USD MN)
  • Israel Market Analysis (USD MN)
  • South Africa Market Analysis (USD MN)
  • Rest of Middle East and Africa Market Analysis (USD MN)
  • Partnership/Collaboration/Agreement
  • Mergers And Acquisiton
 
 LIST OF FIGURES
 
  • Research Scope of Solid State Transformers Report
  • Market Research Process
  • Market Research Methodology
  • Global Solid State Transformers Market Size, by Region (USD MN)
  • Porters Five Forces Analysis
  • Market Attractiveness Analysis by Product
  • Market Attractiveness Analysis by Application
  • Market Attractiveness Analysis by Region
  • Value Chain Analysis
  • Global Market Analysis by Product (USD MN)
  • Distribution Solid State Transformer Market by Geography (USD MN)
  • Power Solid State Transformer Market by Geography (USD MN)
  • Traction Solid State Transformer Market by Geography (USD MN)
  • Global Market Analysis by Application (USD MN)
  • Renewable Power Generation Market by Geography (USD MN)
  • Wind Power Market by Geography (USD MN)
  • Solar Power Market by Geography (USD MN)
  • Tidal Power Market by Geography (USD MN)
  • Automotive Market by Geography (USD MN)
  • Power Grids Market by Geography (USD MN)
  • Traction Locomotives Market by Geography (USD MN)
  • Others Market by Geography (USD MN)
  • Global Market by Revenue
  • North America Market by Revenue
  • Europe Market by Revenue
  • Asia Pacific Market by Revenue
  • Latin America Market by Revenue
  • Middle East & Africa Market by Revenue
  • Recent Development in Industry
  • Company Market Share Analysis, 2020
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.                     

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