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 Power Solid State Transformer market was valued at US$ 298 million in 2023 and is anticipated to reach US$ 773.8 million by 2030, witnessing a CAGR of 14.3% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for Power Solid State Transformer, 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 Power Solid State Transformer.
Report Scope
The Power Solid State Transformer market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and 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 Power Solid State Transformer 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.
The report will help the Power Solid State Transformer manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB Ltd. (Switzerland)
General Electric Co. (U.S.)
Alstom SA (France)
Mitsubishi Electric Corporation (Japan)
Siemens AG (Germany)
Schneider Electric SE (France)
Cooper Power Systems (Brazil)
Segment by Type
Converters
Switches
High-Frequency Transformers
Others
Segment by Application
Alternative Power Generation
Electric Vehicle Charging Stations
Traction Locomotiver
Power Distribution
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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: Detailed analysis of Power Solid State Transformer manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Power Solid State Transformer by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Power Solid State Transformer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Power Solid State Transformer Market Overview
1.1 Product Definition
1.2 Power Solid State Transformer Segment by Type
1.2.1 Global Power Solid State Transformer Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Converters
1.2.3 Switches
1.2.4 High-Frequency Transformers
1.2.5 Others
1.3 Power Solid State Transformer Segment by Application
1.3.1 Global Power Solid State Transformer Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Alternative Power Generation
1.3.3 Electric Vehicle Charging Stations
1.3.4 Traction Locomotiver
1.3.5 Power Distribution
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Power Solid State Transformer Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Power Solid State Transformer Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Power Solid State Transformer Production Estimates and Forecasts (2019-2030)
1.4.4 Global Power Solid State Transformer Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Power Solid State Transformer Production Market Share by Manufacturers (2019-2024)
2.2 Global Power Solid State Transformer Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Power Solid State Transformer, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Power Solid State Transformer Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Power Solid State Transformer Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Power Solid State Transformer, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Power Solid State Transformer, Product Offered and Application
2.8 Global Key Manufacturers of Power Solid State Transformer, Date of Enter into This Industry
2.9 Power Solid State Transformer Market Competitive Situation and Trends
2.9.1 Power Solid State Transformer Market Concentration Rate
2.9.2 Global 5 and 10 Largest Power Solid State Transformer Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Power Solid State Transformer Production by Region
3.1 Global Power Solid State Transformer Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Power Solid State Transformer Production Value by Region (2019-2030)
3.2.1 Global Power Solid State Transformer Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Power Solid State Transformer by Region (2025-2030)
3.3 Global Power Solid State Transformer Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Power Solid State Transformer Production by Region (2019-2030)
3.4.1 Global Power Solid State Transformer Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Power Solid State Transformer by Region (2025-2030)
3.5 Global Power Solid State Transformer Market Price Analysis by Region (2019-2024)
3.6 Global Power Solid State Transformer Production and Value, Year-over-Year Growth
3.6.1 North America Power Solid State Transformer Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Power Solid State Transformer Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Power Solid State Transformer Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Power Solid State Transformer Production Value Estimates and Forecasts (2019-2030)
4 Power Solid State Transformer Consumption by Region
4.1 Global Power Solid State Transformer Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Power Solid State Transformer Consumption by Region (2019-2030)
4.2.1 Global Power Solid State Transformer Consumption by Region (2019-2024)
4.2.2 Global Power Solid State Transformer Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Power Solid State Transformer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Power Solid State Transformer Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Power Solid State Transformer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Power Solid State Transformer Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Power Solid State Transformer Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Power Solid State Transformer Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Power Solid State Transformer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Power Solid State Transformer Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Power Solid State Transformer Production by Type (2019-2030)
5.1.1 Global Power Solid State Transformer Production by Type (2019-2024)
5.1.2 Global Power Solid State Transformer Production by Type (2025-2030)
5.1.3 Global Power Solid State Transformer Production Market Share by Type (2019-2030)
5.2 Global Power Solid State Transformer Production Value by Type (2019-2030)
5.2.1 Global Power Solid State Transformer Production Value by Type (2019-2024)
5.2.2 Global Power Solid State Transformer Production Value by Type (2025-2030)
5.2.3 Global Power Solid State Transformer Production Value Market Share by Type (2019-2030)
5.3 Global Power Solid State Transformer Price by Type (2019-2030)
6 Segment by Application
6.1 Global Power Solid State Transformer Production by Application (2019-2030)
6.1.1 Global Power Solid State Transformer Production by Application (2019-2024)
6.1.2 Global Power Solid State Transformer Production by Application (2025-2030)
6.1.3 Global Power Solid State Transformer Production Market Share by Application (2019-2030)
6.2 Global Power Solid State Transformer Production Value by Application (2019-2030)
6.2.1 Global Power Solid State Transformer Production Value by Application (2019-2024)
6.2.2 Global Power Solid State Transformer Production Value by Application (2025-2030)
6.2.3 Global Power Solid State Transformer Production Value Market Share by Application (2019-2030)
6.3 Global Power Solid State Transformer Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB Ltd. (Switzerland)
7.1.1 ABB Ltd. (Switzerland) Power Solid State Transformer Corporation Information
7.1.2 ABB Ltd. (Switzerland) Power Solid State Transformer Product Portfolio
7.1.3 ABB Ltd. (Switzerland) Power Solid State Transformer Production, Value, Price and Gross Margin (2019-2024)
7.1.4 ABB Ltd. (Switzerland) Main Business and Markets Served
7.1.5 ABB Ltd. (Switzerland) Recent Developments/Updates
7.2 General Electric Co. (U.S.)
7.2.1 General Electric Co. (U.S.) Power Solid State Transformer Corporation Information
7.2.2 General Electric Co. (U.S.) Power Solid State Transformer Product Portfolio
7.2.3 General Electric Co. (U.S.) Power Solid State Transformer Production, Value, Price and Gross Margin (2019-2024)
7.2.4 General Electric Co. (U.S.) Main Business and Markets Served
7.2.5 General Electric Co. (U.S.) Recent Developments/Updates
7.3 Alstom SA (France)
7.3.1 Alstom SA (France) Power Solid State Transformer Corporation Information
7.3.2 Alstom SA (France) Power Solid State Transformer Product Portfolio
7.3.3 Alstom SA (France) Power Solid State Transformer Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Alstom SA (France) Main Business and Markets Served
7.3.5 Alstom SA (France) Recent Developments/Updates
7.4 Mitsubishi Electric Corporation (Japan)
7.4.1 Mitsubishi Electric Corporation (Japan) Power Solid State Transformer Corporation Information
7.4.2 Mitsubishi Electric Corporation (Japan) Power Solid State Transformer Product Portfolio
7.4.3 Mitsubishi Electric Corporation (Japan) Power Solid State Transformer Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Mitsubishi Electric Corporation (Japan) Main Business and Markets Served
7.4.5 Mitsubishi Electric Corporation (Japan) Recent Developments/Updates
7.5 Siemens AG (Germany)
7.5.1 Siemens AG (Germany) Power Solid State Transformer Corporation Information
7.5.2 Siemens AG (Germany) Power Solid State Transformer Product Portfolio
7.5.3 Siemens AG (Germany) Power Solid State Transformer Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Siemens AG (Germany) Main Business and Markets Served
7.5.5 Siemens AG (Germany) Recent Developments/Updates
7.6 Schneider Electric SE (France)
7.6.1 Schneider Electric SE (France) Power Solid State Transformer Corporation Information
7.6.2 Schneider Electric SE (France) Power Solid State Transformer Product Portfolio
7.6.3 Schneider Electric SE (France) Power Solid State Transformer Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Schneider Electric SE (France) Main Business and Markets Served
7.6.5 Schneider Electric SE (France) Recent Developments/Updates
7.7 Cooper Power Systems (Brazil)
7.7.1 Cooper Power Systems (Brazil) Power Solid State Transformer Corporation Information
7.7.2 Cooper Power Systems (Brazil) Power Solid State Transformer Product Portfolio
7.7.3 Cooper Power Systems (Brazil) Power Solid State Transformer Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Cooper Power Systems (Brazil) Main Business and Markets Served
7.7.5 Cooper Power Systems (Brazil) Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Power Solid State Transformer Industry Chain Analysis
8.2 Power Solid State Transformer Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Power Solid State Transformer Production Mode & Process
8.4 Power Solid State Transformer Sales and Marketing
8.4.1 Power Solid State Transformer Sales Channels
8.4.2 Power Solid State Transformer Distributors
8.5 Power Solid State Transformer Customers
9 Power Solid State Transformer Market Dynamics
9.1 Power Solid State Transformer Industry Trends
9.2 Power Solid State Transformer Market Drivers
9.3 Power Solid State Transformer Market Challenges
9.4 Power Solid State Transformer Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
ABB Ltd. (Switzerland)
General Electric Co. (U.S.)
Alstom SA (France)
Mitsubishi Electric Corporation (Japan)
Siemens AG (Germany)
Schneider Electric SE (France)
Cooper Power Systems (Brazil)
听
听
*If Applicable.