HOME Top Market Reports Solid State Transformer Market by Product (Power, Traction, & Distribution), Application (Alternative Power Generation, Electric Vehicle Charging Stations, & Others), & Geography (North America, Europe, Asia-Pacific, & RoW) - Forecast to 2020

Solid State Transformer Market by Product (Power, Traction, & Distribution), Application (Alternative Power Generation, Electric Vehicle Charging Stations, & Others), & Geography (North America, Europe, Asia-Pacific, & RoW) - Forecast to 2020

By: marketsandmarkets.com
Publishing Date: July 2015
Report Code: SE 3594

 

  Speak to Analyst Enquiry Before Buying  
purchase report
download pdf  request for customisation


A solid state transformer is a modern device that offers bi-directional power flow, reactive power compensation, harmonics reduction, and many others. Unlike a traditional transformer, it provides an option for DC output of required magnitude as well. In a typical solid state transformer, the incoming voltage is converted into high-frequency AC with the uses of power electronic-based converter and then feed to the primary side of the high-frequency transformer. The opposite procedure is performed on the secondary side of high-frequency transformers to get the desired AC or DC or both kinds of output for the supply to load. The power transfer at a high frequency leads to reduction in weight as well as reduction in the size of a transformer.

The market for solid state transformers is expected to be commercialized by 2017 and to be valued at $105.3 Million. Furthermore, the market is expected to grow at a CAGR of 24.72% from 2017 to 2020, to reach $204.3 Million by 2020. The market is expected to be driven by the adoption of solid state transformers and demand for alternative power generation, traction locomotives, and power distribution in addition to the electrical vehicle charging stations till 2020. The European market is expected to account for the largest market share, followed by Asia-Pacific and the North America in 2017. The growth of the European market is expected to fuel by increasing installed capacity of renewable energy sources such as solar and wind energy. Europe is a prominent market for electric vehicles (EV) and the growth of electrical vehicle charging stations further offers a huge growth opportunity for the solid state transformer market in this region.

This report covers the market by design, function, application and geography. It also provides a detailed analysis of the current market situation and the market till 2020. The report also analyzes the supply-side and demand-side factors, market dynamics, and the value chain of the solid state transformer market by considering the key stakeholders from vendors to end users. This report profiles the major players which are in the market. It also comprises the competitive landscape of main players including the key growth strategies and market share analysis of the same. Some of the key players profiled in the report are ABB Ltd. (Switzerland), General Electric Co. (U.S.), Alstom SA (France), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Schneider Electric SE (France), and Cooper Power Systems (Brazil).

Scope of the Report:

This research report categorizes the solid state transformer market based on products, components, applications, and geographies; it also covers the market size forecast of the market.

On the Basis of Products:

The solid state transformer market has been segmented on the basis of products into distribution solid state transformer, traction solid state transformer, and power solid state transformer.

On the Basis of Components:

Based on function, the market has been further segmented into four subsegments such as converters, switches, high-frequency transformers, and others.

On the Basis of Applications:

The market has been further split based on application into five subsegments such as alternative power generation, electric vehicle charging stations, traction locomotives, power distribution, and others.

On the Basis of Geography:

The market has been split into four regions based on geography: North America, Europe, Asia-Pacific, and RoW. The solid state transformer market in North America includes the U.S., Canada, and Mexico, while Europe is divided into the U.K., Germany, France, and rest of Europe. The Asia-Pacific market includes China, Japan, and rest of Asia-Pacific, while RoW has been divided into the Middle East & Africa and South America.

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Execuitve Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in the Global Market
    4.2 Market: Top Three Applications
    4.3 Global Market, By Geography and Product
    4.4 Market, By Geography, 2017
    4.5 Market, By Product (2020)
    4.6 Market, Asia-Pacific vs. Europe

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Products
           5.3.2 By Components
           5.3.3 By Applications
           5.3.4 By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Emphasis on Alternative Energy Production Across the Globe
                    5.4.1.2 Huge Investments in the Smart Grids and Energy Systems
           5.4.2 Restraints
                    5.4.2.1 High Initial Cost Incurred in the Installation of Solid State Transformers
           5.4.3 Opportunities
                    5.4.3.1 Growth of the Electric Vehicle (EV) Market and the Allied Infrastructure
           5.4.4 Challenges
                    5.4.4.1 Trade-Off Between Efficiency,  Reliability, and Ultra-High Voltage Application of Solid State Transformers

6 Industry Trends (Page No. - 46)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porterís Five Forces Model
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Degree of Competition
    6.4 Industry Lifecycle

7 Solid State Transformer Market, By Components (Page No. - 56)
    7.1 Introduction
    7.2 Converters
           7.2.1 AC to DC Converters
           7.2.2 DC to AC Converters
           7.2.3 DC to DC Converters
           7.2.4 AC to AC Converters
    7.3 Switches
           7.3.1 SIC Power Mosfets
           7.3.2 Power Diodes
           7.3.3 Insulated-Gate Bipolar Transistors (IGBTS)
           7.3.4 SIC Power Thyristors
    7.4 High-Frequency Transformers
    7.5 Others
           7.5.1 High-Voltage Inductors
           7.5.2 High-Voltage Inductors
           7.5.3 High-Voltage Resistors

8 Solid State Transformer Market, By Products (Page No. - 62)
    8.1 Introduction
    8.2 Distribution Solid State Transformer
    8.3 Traction Solid State Transformer
    8.4 Power Solid State Transformer

9 Solid State Transformer Market, By Apllications (Page No. - 80)
    9.1 Introduction
    9.2 Traction Locomotives
    9.3 Power (Distribution) Grid
    9.4 Electric Vehicle (EV) Charging Stations
    9.5 Alternative Power Generation
           9.5.1 Wind Power
           9.5.2 Solar Power
           9.5.3 Tidal Power
    9.6 Others

10 Solid State Transformer Market, By Geography (Page No. - 87)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific (APAC)
     10.5 The Rest of the World (RoW)

11 Competitive Landscape (Page No. - 107)
     11.1 Overview
     11.2 Market Share Analysis

12 Company Profiles (Page No. - 110)
     12.1 Introduction
     12.2 ABB Ltd.
             12.2.1 Business Overview
             12.2.2 Products Offered
             12.2.3 Recent Developments
             12.2.4 MnM View
     12.3 Schneider Electric Se
             12.3.1 Business Overview
             12.3.2 Product Offered
             12.3.3 Recent Developments
             12.3.4 MnM View
     12.4 Seimens AG
             12.4.1 Business Overview
             12.4.2 Products Offered
             12.4.3 Recent Development
             12.4.4 MnM View
     12.5 Mitsubishi Electric Corporation
             12.5.1 Business Overview
             12.5.2 Products Offered
             12.5.3 Recent Development
             12.5.4 MnM View
     12.6 General Electric Co.
             12.6.1 Business Overview
             12.6.2 Products Offered
             12.6.3 Recent Developments
             12.6.4 MnM View
     12.7 Alstom SA
             12.7.1 Business Overview
             12.7.2 Products Offered
             12.7.3 Recent Developments
             12.7.4 MMM View
     12.8 Cooper Power Systems
             12.8.1 Business Overview
             12.8.2 Products Offered
     12.9 Varentec, Inc.
             12.9.1 Business Overview
             12.9.2 Products Offered
             12.9.3 Recent Development
     12.10 Amantys Limited
             12.10.1 Business Overview
             12.10.2 Products Offered
             12.10.3 Recent Development
     12.11 Gridbridge, Inc.
             12.11.1 Business Overview

13 Appendix (Page No. - 140)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (75 Tables)

Table 1 Global Installed Wind Energy Capacity (Giga Watt)
Table 2 Key Smart Grid Investment Initatives
Table 3 Impact Analysis of Drivers
Table 4 Impact Analysis of Restraints
Table 5 Impact Analysis of Opportunities
Table 6 Impact Analysis of Challeneges
Table 7 Solid State (Smart) Transformer vs. Traditional Transformer
Table 8 Global Distribution Solid State Transformer Market, By Geography, 2017-2020 ($Million)
Table 9 Global Distribution Market, By Application, 2017-2020 ($Million)
Table 10 North American Distribution Solid State Transformer Market, By Country, 2017-2020 ($Million)
Table 11 North American Distribution Market, By Application, 2017-2020 ($Million)
Table 12 European Distribution Solid State Transformer Market, By Country, 2017-2020 ($Million)
Table 13 European Distribution Solid State Transformer Market, By Application, 2017-2020 ($Million)
Table 14 APAC Distribution Solid State Transformer Market, By Country, 2017-2020 ($Million)
Table 15 APAC Distribution Market, By Application, 2017-2020 ($Million)
Table 16 RoW Distribution Market, By Region, 2017-2020 ($Million)
Table 17 South American Distribution Solid State Transformer Market, By Country, 2017-2020 ($Million)
Table 18 RoW Distribution Market, By Application, 2017-2020 ($Million)
Table 19 Global Traction Solid State Transformer Market, By Geography, 2017-2020 ($Million)
Table 20 Global Traction Solid State Transformer Market, By Application, 2017-2020 ($Million)
Table 21 North American Traction Solid State Transformer Market, By Country, 2017-2020 ($Million)
Table 22 North American Traction Market, By Application, 2017-2020 ($Million)
Table 23 European Traction Market, By Country, 2017-2020 ($Million)
Table 24 European Traction Market, By Application, 2017-2020 ($Million)
Table 25 APAC Traction Solid State Transformer Market, By Country, 2017-2020 ($Million)
Table 26 APAC Traction Solid State Transformer Market, By Application, 2017-2020 ($Million)
Table 27 RoW Traction Solid State Transformer Market, By Region, 2017-2020 ($Thousand)
Table 28 South American Traction Solid State Transformer Market, By Country, 2017-2020 ($Thousand)
Table 29 RoW Traction Market, By Application, 2017-2020 ($Thousand)
Table 30 Global Power Solid State Transformer Market, By Geography, 2019-2020 ($Million)
Table 31 Global Power Solid State Transformer Market, By Application, 2019-2020 ($Thousand)
Table 32 North American Power Market, By Country, 2019-2020 ($Thousand)
Table 33 North American Power Market, By Application, 2019-2020 ($Thousand)
Table 34 European Power Solid State Transformer Market, By Country, 2019-2020 ($Thousand)
Table 35 European Power Market, By Application, 2019-2020 ($Thousand)
Table 36 APAC Power Solid State Transformer Market, By Country, 2019-2020 ($Thousand)
Table 37 APAC Power Solid State Transformer Market, By Application, 2019-2020 ($Thousand)
Table 38 RoW Power Market, By Region, 2019-2020 ($Thousand)
Table 39 South America Power Market, By Country, 2019-2020 ($Thousand)
Table 40 RoW Power Solid State Transformer Market, By Application, 2019-2020 ($Thousand)
Table 41 Solid State Transformer Market, By Applications, 2017Ė2020 ($Million)
Table 42 Cumalative Installed Solar Pv Capacity in Major Markets (In Giga Watt), 2014
Table 43 Global Solid State Transformer Market, By Geography, 2017-2020 ($Million)
Table 44 North American Solid State Transformer Market, By Country, 2017-2020 ($Million)
Table 45 North American Market, By Application, 2017-2020 ($Million)
Table 46 North American Market, By Product, 2017-2020 ($Million)
Table 47 The U.S. Solid State Transformer Market, By Application, 2017-2020 ($Million)
Table 48 Canadian Market, By Application, 2017-2020 ($Million)
Table 49 Mexican Market, By Application, 2017-2020 ($Million)
Table 50 European Market, By Country, 2017-2020 ($Million)
Table 51 European Market, By Application, 2017-2020 ($Million)
Table 52 European Solid State Transformer Market, By Product, 2017-2020 ($Million)
Table 53 The U.K. Solid State Transformer Market, By Application, 2017-2020 ($Million)
Table 54 Germany Solid State Transformer Market, By Application, 2017-2020 ($Million)
Table 55 French Solid State Transformer Market, By Application, 2017-2020 ($Million)
Table 56 Rest of the Europe Solid State Transformer Market, By Application, 2017-2020 ($Million)
Table 57 APAC Solid State Transformer Market, By Country, 2017-2020 ($Million)
Table 58 APAC Market, By Application, 2017-2020 ($Million)
Table 59 APAC Solid State Transformer Market, By Product, 2017-2020 ($Million)
Table 60 Chinese Solid State Transformer Market, By Application, 2017-2020 ($Million)
Table 61 Japanese Solid State Transformer Market, By Application, 2017-2020 ($Million)
Table 62 Rest of APAC Market, By Application, 2017-2020 ($Million)
Table 63 RoW Solid State Transformer Market, By Region, 2017-2020 ($Million)
Table 64 RoW Market, By Application, 2017-2020 ($Million)
Table 65 RoW Solid State Transformer Market, By Product, 2017-2020 ($Million)
Table 66 South American Solid State Transformer Market, By Country, 2017-2020 ($Million)
Table 67 South American Market, By Application, 2017-2020 ($Million)
Table 68 The Middle Eastern and African Market, By Application, 2017-2020 ($Million)
Table 69 General Electric Company: Recent Developments
Table 70 Alstom SA: Recent Developments
Table 71 Cooper Power Systems: Products Offered
Table 72 Varentec, Inc.: Products Offered
Table 73 Varentec, Inc.: Recent Developments
Table 74 Amantys Limited : Products Offered
Table 75 Amantys Limited : Recent Developments
 
 
List of Figures (56 Figures)
 
Figure 1 Markets Covered
Figure 2 Market, By Geography
Figure 3 Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Breakdown & Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 Global Market Snapshot (2017 vs. 2020): the Alternative Power Generation Segment is Expected to Grow at the Highest Rate
Figure 9 Distribution Solid State Transformer is Expected to Command the Largest Market Share in 2017
Figure 10 European Solid State Transformer Market, By Country, 2017
Figure 11 Europe  is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Market is Expected to Grow at A CAGR of 24.72% From 2017 to 2020
Figure 13 The Application of Solid State Transformer in Alternative Power Generation is Expected to Grow at the Highest Rate From 2017 to 2020
Figure 14 Europe is Expected to Hold the Largest Market Share of the Global Market in 2017
Figure 15 The U.S. is Expected to Hold the Largest Share of the Global Market
Figure 16 Distribution Solid State Transformers are Expected to Hold the Largest Market Share in Europe By 2020
Figure 17 European Markets are Expected to Grow Faster Than Their Counterparts in Asia-Pacific During the Forecast Period
Figure 18 Market Evolution
Figure 19 Market, By Products
Figure 20 Market, By Components
Figure 21 Solid State Transformer Market, By Applications
Figure 22 Solid State Transformer Market, By Geography
Figure 23 Drivers, Restraints, Opportunities, and Challenges for the Solid State (Smart) Transformer Market
Figure 24 Global Alternative Energy Production Outlook (In Tera Watt Hours), 2010-2020
Figure 25 Market: Value Chain Analysis
Figure 26 Porterís Five Forces Analysis
Figure 27 The Porterís Five Forces Analysis for the Solid State Transformer Market
Figure 28 Market: Threat of New Entrants
Figure 29 Solid State Transformer Market: Threat of Substitutes
Figure 30 Market: Bargaining Power of Suppliers
Figure 31 Market: Bargaining Power of Buyers
Figure 32 Market: Degree of Competition
Figure 33 Market: Industry Life Cycle
Figure 34 Market, By Component
Figure 35 Classification of Converters
Figure 36 Market, By Product
Figure 37 Market, By Application
Figure 38 Global Market Geographic Snapshot (CAGR: 2017-2020)
Figure 39 North American Solid State Transformer Market Snapshot
Figure 40 European Solid State Transformer Market Snapshot
Figure 41 Asia-Pacific Solid State Transformer Market Snapshot
Figure 42 RoW Solid State Transformer Market Snapshot
Figure 43 Market Share Analysis, 2017
Figure 44 Key Players - Geographic Analysis
Figure 45 ABB  Ltd.: Business Overview
Figure 46 ABB Ltd.: SWOT Analysis
Figure 47 Schneider Electric Se: Business Overview
Figure 48 Schneider Electric Se: SWOT Analysis
Figure 49 Siemens AG: Business Overview
Figure 50 Siemens AG: SWOT Analysis
Figure 51 Mitsubishi Electric Corporation: Business Overview
Figure 52 Mitsubishi Electric Corporation: SWOT Analysis
Figure 53 General Electric Company: Business Overview
Figure 54 General Electric Company: SWOT Analysis
Figure 55 Alstom SA: Business Overview
Figure 56 Alstom  SA: SWOT Analysis

Solid state transformers were among the Top 10 emerging technologies rated by MIT Technology Review in 2011 and have a potential to change the way power distribution is taking place in present era. It is a not mere a transformer but an energy router which can be a befit solutions for the power requirement across a wide range of applications. Many companies and research institutions are doing research on various facets of solid state transformer, and it is expected to be commercialized by 2017. The demand for solid state transformers is expected to offer by a huge investment in smart grids and electricity infrastructure across the world. The U.S., China, South Korea, and many countries of the European Union (EU) has proposed a huge outlay to upgrade and modernize their power infrastructure and make them future-ready. The growth of electric vehicle charging infrastructure which is a catalyst for the adoption and sale of electric vehicles offers another opportunity for the solid state transformer market. However, the high cost of ownership acts as a restraint towards the growth of the market.

The solid state transformer market is expected to be valued at $105.3 Million by and estimated to grow at a CAGR of 24.72% between 2017 and 2020. The report covers the market which has been segmented on the basis of product, application, component, and geography. Furthermore, it comprises the analysis of the market dynamics during the forecast period, Porterís Five Forces analysis, and the current competitive scenario, along with the market size analysis of the key players. The report also includes the detailed profiles of the major players in the market along with their growth strategies.

Solid State Transformer Market

Solid State (Smart) Transformer Market

Source: MarketsandMarkets Analysis

This report describes the drivers, restraints, opportunities, and challenges pertaining to the solid state transformer market. Furthermore, it analyzes the current market scenario and forecasts the market till 2020, including a market segmentation based on products, components, applications, and geographies. Different solid state transformers include distribution, traction, and power solid state transformers. Among these, distribution solid state transformers are expected to account for the largest market share. Moreover, the power solid state transformer segment is expected to be commercialized later compared to other products and it is estimated to grow at a significant CAGR of 110.05% from 2019 to 2020. Europe is expected to hold the largest market share in 2017, followed by Asia-Pacific and North America. Some of the major companies included in the report are ABB Ltd. (Switzerland), Alstom SA (France), Siemens AG (Germany), General Electric Co. (U.S.), Schneider Electric SE (France), Mitsubishi Electric Corporation (Japan), and others.

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports