Global Solid State Transformers (SST) Market Growth (Status and Outlook) 2025-2031

Publication ID:

LPI07254883

Publication Date:

July 4, 2025

Pages:

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturers [2]

Machinery [3]

Industry & Manufacturing [4]

Description:

The global Solid State Transformers (SST) market size is predicted to grow from US$ 518 million in 2025 to US$ 1779 million in 2031; it is expected to grow at a CAGR of 22.8% from 2025 to 2031.
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 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%.
The 鈥淪olid State Transformers (SST) Industry Forecast鈥� looks at past sales and reviews total world Solid State Transformers (SST) sales in 2024, providing a comprehensive analysis by region and market sector of projected Solid State Transformers (SST) sales for 2025 through 2031. With Solid State Transformers (SST) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solid State Transformers (SST) industry.
This Insight Report provides a comprehensive analysis of the global Solid State Transformers (SST) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Solid State Transformers (SST) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Solid State Transformers (SST) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solid State Transformers (SST) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solid State Transformers (SST).
This report presents a comprehensive overview, market shares, and growth opportunities of Solid State Transformers (SST) market by product type, application, key players and key regions and countries.
Segmentation by Type:
Single-stage
Two-stage
Three-stage
Segmentation by Application:
Alternative Power Generation
Smart Grid
Traction Locomotives
EV Charging
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Siemens
General electric

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Solid State Transformers (SST) Market Size (2020-2031)
2.1.2 Solid State Transformers (SST) Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for Solid State Transformers (SST) by Country/Region (2020, 2024 & 2031)
2.2 Solid State Transformers (SST) Segment by Type
2.2.1 Single-stage
2.2.2 Two-stage
2.2.3 Three-stage
2.3 Solid State Transformers (SST) Market Size by Type
2.3.1 Solid State Transformers (SST) Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global Solid State Transformers (SST) Market Size Market Share by Type (2020-2025)
2.4 Solid State Transformers (SST) Segment by Application
2.4.1 Alternative Power Generation
2.4.2 Smart Grid
2.4.3 Traction Locomotives
2.4.4 EV Charging
2.4.5 Others
2.5 Solid State Transformers (SST) Market Size by Application
2.5.1 Solid State Transformers (SST) Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global Solid State Transformers (SST) Market Size Market Share by Application (2020-2025)
3 Solid State Transformers (SST) Market Size by Player
3.1 Solid State Transformers (SST) Market Size Market Share by Player
3.1.1 Global Solid State Transformers (SST) Revenue by Player (2020-2025)
3.1.2 Global Solid State Transformers (SST) Revenue Market Share by Player (2020-2025)
3.2 Global Solid State Transformers (SST) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Solid State Transformers (SST) by Region
4.1 Solid State Transformers (SST) Market Size by Region (2020-2025)
4.2 Global Solid State Transformers (SST) Annual Revenue by Country/Region (2020-2025)
4.3 Americas Solid State Transformers (SST) Market Size Growth (2020-2025)
4.4 APAC Solid State Transformers (SST) Market Size Growth (2020-2025)
4.5 Europe Solid State Transformers (SST) Market Size Growth (2020-2025)
4.6 Middle East & Africa Solid State Transformers (SST) Market Size Growth (2020-2025)
5 Americas
5.1 Americas Solid State Transformers (SST) Market Size by Country (2020-2025)
5.2 Americas Solid State Transformers (SST) Market Size by Type (2020-2025)
5.3 Americas Solid State Transformers (SST) Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solid State Transformers (SST) Market Size by Region (2020-2025)
6.2 APAC Solid State Transformers (SST) Market Size by Type (2020-2025)
6.3 APAC Solid State Transformers (SST) Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Solid State Transformers (SST) Market Size by Country (2020-2025)
7.2 Europe Solid State Transformers (SST) Market Size by Type (2020-2025)
7.3 Europe Solid State Transformers (SST) Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Solid State Transformers (SST) by Region (2020-2025)
8.2 Middle East & Africa Solid State Transformers (SST) Market Size by Type (2020-2025)
8.3 Middle East & Africa Solid State Transformers (SST) Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Solid State Transformers (SST) Market Forecast
10.1 Global Solid State Transformers (SST) Forecast by Region (2026-2031)
10.1.1 Global Solid State Transformers (SST) Forecast by Region (2026-2031)
10.1.2 Americas Solid State Transformers (SST) Forecast
10.1.3 APAC Solid State Transformers (SST) Forecast
10.1.4 Europe Solid State Transformers (SST) Forecast
10.1.5 Middle East & Africa Solid State Transformers (SST) Forecast
10.2 Americas Solid State Transformers (SST) Forecast by Country (2026-2031)
10.2.1 United States Market Solid State Transformers (SST) Forecast
10.2.2 Canada Market Solid State Transformers (SST) Forecast
10.2.3 Mexico Market Solid State Transformers (SST) Forecast
10.2.4 Brazil Market Solid State Transformers (SST) Forecast
10.3 APAC Solid State Transformers (SST) Forecast by Region (2026-2031)
10.3.1 China Solid State Transformers (SST) Market Forecast
10.3.2 Japan Market Solid State Transformers (SST) Forecast
10.3.3 Korea Market Solid State Transformers (SST) Forecast
10.3.4 Southeast Asia Market Solid State Transformers (SST) Forecast
10.3.5 India Market Solid State Transformers (SST) Forecast
10.3.6 Australia Market Solid State Transformers (SST) Forecast
10.4 Europe Solid State Transformers (SST) Forecast by Country (2026-2031)
10.4.1 Germany Market Solid State Transformers (SST) Forecast
10.4.2 France Market Solid State Transformers (SST) Forecast
10.4.3 UK Market Solid State Transformers (SST) Forecast
10.4.4 Italy Market Solid State Transformers (SST) Forecast
10.4.5 Russia Market Solid State Transformers (SST) Forecast
10.5 Middle East & Africa Solid State Transformers (SST) Forecast by Region (2026-2031)
10.5.1 Egypt Market Solid State Transformers (SST) Forecast
10.5.2 South Africa Market Solid State Transformers (SST) Forecast
10.5.3 Israel Market Solid State Transformers (SST) Forecast
10.5.4 Turkey Market Solid State Transformers (SST) Forecast
10.6 Global Solid State Transformers (SST) Forecast by Type (2026-2031)
10.7 Global Solid State Transformers (SST) Forecast by Application (2026-2031)
10.7.1 GCC Countries Market Solid State Transformers (SST) Forecast
11 Key Players Analysis
11.1 ABB
11.1.1 ABB Company Information
11.1.2 ABB Solid State Transformers (SST) Product Offered
11.1.3 ABB Solid State Transformers (SST) Revenue, Gross Margin and Market Share (2020-2025)
11.1.4 ABB Main Business Overview
11.1.5 ABB Latest Developments
11.2 Siemens
11.2.1 Siemens Company Information
11.2.2 Siemens Solid State Transformers (SST) Product Offered
11.2.3 Siemens Solid State Transformers (SST) Revenue, Gross Margin and Market Share (2020-2025)
11.2.4 Siemens Main Business Overview
11.2.5 Siemens Latest Developments
11.3 General electric
11.3.1 General electric Company Information
11.3.2 General electric Solid State Transformers (SST) Product Offered
11.3.3 General electric Solid State Transformers (SST) Revenue, Gross Margin and Market Share (2020-2025)
11.3.4 General electric Main Business Overview
11.3.5 General electric Latest Developments
12 Research Findings and Conclusion

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