

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.
The global Solid State Transformers (SST) market size was valued at US$ 380 million in 2023 and is forecast to a readjusted size of USD 1463 million by 2030 with a CAGR of 21.5% during review period.
The major players in global Solid State Transformers (SST) market include ABB, Siemens, General electric, etc. North America, Asia-Pacific and Europe are main markets. Two-stage and Three-stage are two main types, with a share about 90%. Alternative Power Generation and Smart Grid are two key applications, which hold a share about 70%.
This report is a detailed and comprehensive analysis for global Solid State Transformers (SST) market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Key Features:
Global Solid State Transformers (SST) market size and forecasts, in consumption value ($ Million), 2019-2030
Global Solid State Transformers (SST) market size and forecasts by region and country, in consumption value ($ Million), 2019-2030
Global Solid State Transformers (SST) market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030
Global Solid State Transformers (SST) market shares of main players, in revenue ($ Million), 2019-2024
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Solid State Transformers (SST)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Solid State Transformers (SST) market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Siemens, General electric, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Solid State Transformers (SST) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segmentation
Solid State Transformers (SST) market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Single-stage
Two-stage
Three-stage
Market segment by Application
Alternative Power Generation
Smart Grid
Traction Locomotives
EV Charging
Others
Market segment by players, this report covers
ABB
Siemens
General electric
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Solid State Transformers (SST) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Solid State Transformers (SST), with revenue, gross margin, and global market share of Solid State Transformers (SST) from 2019 to 2024.
Chapter 3, the Solid State Transformers (SST) competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Solid State Transformers (SST) market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Solid State Transformers (SST).
Chapter 13, to describe Solid State Transformers (SST) research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Solid State Transformers (SST) by Type
1.3.1 Overview: Global Solid State Transformers (SST) Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global Solid State Transformers (SST) Consumption Value Market Share by Type in 2023
1.3.3 Single-stage
1.3.4 Two-stage
1.3.5 Three-stage
1.4 Global Solid State Transformers (SST) Market by Application
1.4.1 Overview: Global Solid State Transformers (SST) Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Alternative Power Generation
1.4.3 Smart Grid
1.4.4 Traction Locomotives
1.4.5 EV Charging
1.4.6 Others
1.5 Global Solid State Transformers (SST) Market Size & Forecast
1.6 Global Solid State Transformers (SST) Market Size and Forecast by Region
1.6.1 Global Solid State Transformers (SST) Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global Solid State Transformers (SST) Market Size by Region, (2019-2030)
1.6.3 North America Solid State Transformers (SST) Market Size and Prospect (2019-2030)
1.6.4 Europe Solid State Transformers (SST) Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific Solid State Transformers (SST) Market Size and Prospect (2019-2030)
1.6.6 South America Solid State Transformers (SST) Market Size and Prospect (2019-2030)
1.6.7 Middle East & Africa Solid State Transformers (SST) Market Size and Prospect (2019-2030)
2 Company Profiles
2.1 ABB
2.1.1 ABB Details
2.1.2 ABB Major Business
2.1.3 ABB Solid State Transformers (SST) Product and Solutions
2.1.4 ABB Solid State Transformers (SST) Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 ABB Recent Developments and Future Plans
2.2 Siemens
2.2.1 Siemens Details
2.2.2 Siemens Major Business
2.2.3 Siemens Solid State Transformers (SST) Product and Solutions
2.2.4 Siemens Solid State Transformers (SST) Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Siemens Recent Developments and Future Plans
2.3 General electric
2.3.1 General electric Details
2.3.2 General electric Major Business
2.3.3 General electric Solid State Transformers (SST) Product and Solutions
2.3.4 General electric Solid State Transformers (SST) Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 General electric Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Solid State Transformers (SST) Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of Solid State Transformers (SST) by Company Revenue
3.2.2 Top 3 Solid State Transformers (SST) Players Market Share in 2023
3.2.3 Top 6 Solid State Transformers (SST) Players Market Share in 2023
3.3 Solid State Transformers (SST) Market: Overall Company Footprint Analysis
3.3.1 Solid State Transformers (SST) Market: Region Footprint
3.3.2 Solid State Transformers (SST) Market: Company Product Type Footprint
3.3.3 Solid State Transformers (SST) Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global Solid State Transformers (SST) Consumption Value and Market Share by Type (2019-2024)
4.2 Global Solid State Transformers (SST) Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global Solid State Transformers (SST) Consumption Value Market Share by Application (2019-2024)
5.2 Global Solid State Transformers (SST) Market Forecast by Application (2025-2030)
6 North America
6.1 North America Solid State Transformers (SST) Consumption Value by Type (2019-2030)
6.2 North America Solid State Transformers (SST) Market Size by Application (2019-2030)
6.3 North America Solid State Transformers (SST) Market Size by Country
6.3.1 North America Solid State Transformers (SST) Consumption Value by Country (2019-2030)
6.3.2 United States Solid State Transformers (SST) Market Size and Forecast (2019-2030)
6.3.3 Canada Solid State Transformers (SST) Market Size and Forecast (2019-2030)
6.3.4 Mexico Solid State Transformers (SST) Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe Solid State Transformers (SST) Consumption Value by Type (2019-2030)
7.2 Europe Solid State Transformers (SST) Consumption Value by Application (2019-2030)
7.3 Europe Solid State Transformers (SST) Market Size by Country
7.3.1 Europe Solid State Transformers (SST) Consumption Value by Country (2019-2030)
7.3.2 Germany Solid State Transformers (SST) Market Size and Forecast (2019-2030)
7.3.3 France Solid State Transformers (SST) Market Size and Forecast (2019-2030)
7.3.4 United Kingdom Solid State Transformers (SST) Market Size and Forecast (2019-2030)
7.3.5 Russia Solid State Transformers (SST) Market Size and Forecast (2019-2030)
7.3.6 Italy Solid State Transformers (SST) Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific Solid State Transformers (SST) Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Solid State Transformers (SST) Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Solid State Transformers (SST) Market Size by Region
8.3.1 Asia-Pacific Solid State Transformers (SST) Consumption Value by Region (2019-2030)
8.3.2 China Solid State Transformers (SST) Market Size and Forecast (2019-2030)
8.3.3 Japan Solid State Transformers (SST) Market Size and Forecast (2019-2030)
8.3.4 South Korea Solid State Transformers (SST) Market Size and Forecast (2019-2030)
8.3.5 India Solid State Transformers (SST) Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia Solid State Transformers (SST) Market Size and Forecast (2019-2030)
8.3.7 Australia Solid State Transformers (SST) Market Size and Forecast (2019-2030)
9 South America
9.1 South America Solid State Transformers (SST) Consumption Value by Type (2019-2030)
9.2 South America Solid State Transformers (SST) Consumption Value by Application (2019-2030)
9.3 South America Solid State Transformers (SST) Market Size by Country
9.3.1 South America Solid State Transformers (SST) Consumption Value by Country (2019-2030)
9.3.2 Brazil Solid State Transformers (SST) Market Size and Forecast (2019-2030)
9.3.3 Argentina Solid State Transformers (SST) Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa Solid State Transformers (SST) Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Solid State Transformers (SST) Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Solid State Transformers (SST) Market Size by Country
10.3.1 Middle East & Africa Solid State Transformers (SST) Consumption Value by Country (2019-2030)
10.3.2 Turkey Solid State Transformers (SST) Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia Solid State Transformers (SST) Market Size and Forecast (2019-2030)
10.3.4 UAE Solid State Transformers (SST) Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 Solid State Transformers (SST) Market Drivers
11.2 Solid State Transformers (SST) Market Restraints
11.3 Solid State Transformers (SST) Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Solid State Transformers (SST) Industry Chain
12.2 Solid State Transformers (SST) Upstream Analysis
12.3 Solid State Transformers (SST) Midstream Analysis
12.4 Solid State Transformers (SST) Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
ABB
Siemens
General electric
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*If Applicable.