Global Solid State Transformers (SST) Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Solid State Transformers (SST) Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

Solid state transformer, also known as power electronic transformer (EPT), is a kind of electric power electronic transformation technology and electromagnetic induction principle based on the combination of high-frequency power conversion technology to achieve power characteristics of electricity into other Electric power characteristics of the static electrical equipment. Compared with the conventional transformer, EPT has many advantages, its outstanding feature is that the original current can be achieved, the side voltage and power of flexible control. EPT applied to the power system will improve the power quality; improve system stability, to achieve a flexible transmission and power market power flow under real-time control.
According to APO Research, The global Solid State Transformers (SST) market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.
North American market for Solid State Transformers (SST) is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
Asia-Pacific market for Solid State Transformers (SST) is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
Europe market for Solid State Transformers (SST) is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The major global companies of Solid State Transformers (SST) include ABB, Siemens and General electric, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Solid State Transformers (SST), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solid State Transformers (SST).
The Solid State Transformers (SST) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Solid State Transformers (SST) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, gross margin by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

ABB
Siemens
General electric
Solid State Transformers (SST) segment by Type

Single-stage
Two-stage
Three-stage
Solid State Transformers (SST) segment by Application

Alternative Power Generation
Smart Grid
Traction Locomotives
EV Charging
Others
Solid State Transformers (SST) Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Solid State Transformers (SST) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Solid State Transformers (SST) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Solid State Transformers (SST).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2019-2024, 2025-2030). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 5: Detailed analysis of Solid State Transformers (SST) companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter 12: Concluding Insights of the report


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.3 Global Solid State Transformers (SST) Market Size Overview by Region 2019 VS 2023 VS 2030
1.4 Global Solid State Transformers (SST) Market Size by Region (2019-2030)
1.4.1 Global Solid State Transformers (SST) Market Size by Region (2019-2024)
1.4.2 Global Solid State Transformers (SST) Market Size by Region (2025-2030)
1.5 Key Regions Solid State Transformers (SST) Market Size (2019-2030)
1.5.1 North America Solid State Transformers (SST) Market Size Growth Rate (2019-2030)
1.5.2 Europe Solid State Transformers (SST) Market Size Growth Rate (2019-2030)
1.5.3 Asia-Pacific Solid State Transformers (SST) Market Size Growth Rate (2019-2030)
1.5.4 Latin America Solid State Transformers (SST) Market Size Growth Rate (2019-2030)
1.5.5 Middle East & Africa Solid State Transformers (SST) Market Size Growth Rate (2019-2030)
2 Solid State Transformers (SST) Market by Type
2.1 Type Introduction
2.1.1 Single-stage
2.1.2 Two-stage
2.1.3 Three-stage
2.2 Global Solid State Transformers (SST) Market Size by Type
2.2.1 Global Solid State Transformers (SST) Market Size Overview by Type (2019-2030)
2.2.2 Global Solid State Transformers (SST) Historic Market Size Review by Type (2019-2024)
2.2.3 Global Solid State Transformers (SST) Market Size Forecasted by Type (2025-2030)
2.3 Global Solid State Transformers (SST) Market Size by Regions
2.3.1 North America Solid State Transformers (SST) Market Size Breakdown by Type (2019-2024)
2.3.2 Europe Solid State Transformers (SST) Market Size Breakdown by Type (2019-2024)
2.3.3 Asia-Pacific Solid State Transformers (SST) Market Size Breakdown by Type (2019-2024)
2.3.4 Latin America Solid State Transformers (SST) Market Size Breakdown by Type (2019-2024)
2.3.5 Middle East and Africa Solid State Transformers (SST) Market Size Breakdown by Type (2019-2024)
3 Solid State Transformers (SST) Market by Application
3.1 Type Introduction
3.1.1 Alternative Power Generation
3.1.2 Smart Grid
3.1.3 Traction Locomotives
3.1.4 EV Charging
3.1.5 Others
3.2 Global Solid State Transformers (SST) Market Size by Application
3.2.1 Global Solid State Transformers (SST) Market Size Overview by Application (2019-2030)
3.2.2 Global Solid State Transformers (SST) Historic Market Size Review by Application (2019-2024)
3.2.3 Global Solid State Transformers (SST) Market Size Forecasted by Application (2025-2030)
3.3 Global Solid State Transformers (SST) Market Size by Regions
3.3.1 North America Solid State Transformers (SST) Market Size Breakdown by Application (2019-2024)
3.3.2 Europe Solid State Transformers (SST) Market Size Breakdown by Application (2019-2024)
3.3.3 Asia-Pacific Solid State Transformers (SST) Market Size Breakdown by Application (2019-2024)
3.3.4 Latin America Solid State Transformers (SST) Market Size Breakdown by Application (2019-2024)
3.3.5 Middle East and Africa Solid State Transformers (SST) Market Size Breakdown by Application (2019-2024)
4 Global Market Dynamics
4.1 Solid State Transformers (SST) Industry Trends
4.2 Solid State Transformers (SST) Industry Drivers
4.3 Solid State Transformers (SST) Industry Opportunities and Challenges
4.4 Solid State Transformers (SST) Industry Restraints
5 Competitive Insights by Company
5.1 Global Top Players by Solid State Transformers (SST) Revenue (2019-2024)
5.2 Global Solid State Transformers (SST) Industry Company Ranking, 2022 VS 2023 VS 2024
5.3 Global Solid State Transformers (SST) Key Company Headquarters & Area Served
5.4 Global Solid State Transformers (SST) Company, Product Type & Application
5.5 Global Solid State Transformers (SST) Company Commercialization Time
5.6 Market Competitive Analysis
5.6.1 Global Solid State Transformers (SST) Market CR5 and HHI
5.6.2 Global Top 5 and 10 Solid State Transformers (SST) Players Market Share by Revenue in 2023
5.6.3 2023 Solid State Transformers (SST) Tier 1, Tier 2, and Tier 3
6 Company Profiles
6.1 ABB
6.1.1 ABB Comapny Information
6.1.2 ABB Business Overview
6.1.3 ABB Solid State Transformers (SST) Revenue, Global Share and Gross Margin (2019-2024)
6.1.4 ABB Solid State Transformers (SST) Product Portfolio
6.1.5 ABB Recent Developments
6.2 Siemens
6.2.1 Siemens Comapny Information
6.2.2 Siemens Business Overview
6.2.3 Siemens Solid State Transformers (SST) Revenue, Global Share and Gross Margin (2019-2024)
6.2.4 Siemens Solid State Transformers (SST) Product Portfolio
6.2.5 Siemens Recent Developments
6.3 General electric
6.3.1 General electric Comapny Information
6.3.2 General electric Business Overview
6.3.3 General electric Solid State Transformers (SST) Revenue, Global Share and Gross Margin (2019-2024)
6.3.4 General electric Solid State Transformers (SST) Product Portfolio
6.3.5 General electric Recent Developments
7 North America
7.1 North America Solid State Transformers (SST) Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2 North America Solid State Transformers (SST) Market Size by Country (2019-2024)
7.3 North America Solid State Transformers (SST) Market Size Forecast by Country (2025-2030)
8 Europe
8.1 Europe Solid State Transformers (SST) Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2 Europe Solid State Transformers (SST) Market Size by Country (2019-2024)
8.3 Europe Solid State Transformers (SST) Market Size Forecast by Country (2025-2030)
9 Asia-Pacific
9.1 Asia-Pacific Solid State Transformers (SST) Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2 Asia-Pacific Solid State Transformers (SST) Market Size by Country (2019-2024)
9.3 Asia-Pacific Solid State Transformers (SST) Market Size Forecast by Country (2025-2030)
10 Latin America
10.1 Latin America Solid State Transformers (SST) Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2 Latin America Solid State Transformers (SST) Market Size by Country (2019-2024)
10.3 Latin America Solid State Transformers (SST) Market Size Forecast by Country (2025-2030)
11 Middle East & Africa
11.1 Middle East & Africa Solid State Transformers (SST) Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2 Middle East & Africa Solid State Transformers (SST) Market Size by Country (2019-2024)
11.3 Middle East & Africa Solid State Transformers (SST) Market Size Forecast by Country (2025-2030)
12 Concluding Insights
13 Appendix
13.1 Reasons for Doing This Study
13.2 Research Methodology
13.3 Research Process
13.4 Authors List of This Report
13.5 Data Source
13.5.1 Secondary Sources
13.5.2 Primary Sources

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings