Global Solid State Transformers

Solid State Transformers Comprehensive Study by Type (Power Solid State Transformer, Distribution Solid State Transformer, Traction Solid State Transformer), Application (Power Distribution, Alternative Power Generation, Traction Locomotives, Electric Vehicle Charging Stations, Others), Voltage Level (HV/MV, MV/LV), Stage Types (Single-stage, Two-stage, Three-stage) Players and Region - Global Market Outlook to 2032

Solid State Transformers Market by XX Submarkets | Forecast Years 2025-2032 | CAGR: 16.1%  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
Solid State Transformers Market Scope
Solid-state transformers can be used for an AC-to AC converter in an electrical system. It's a kind of electrical power converter, that has replaced standard electrical devices used for AC electric power distribution. The solid-state electrical device is a lot of complicated as compared to a conventional transformer that operational at utility frequency. The solid-state transformer is a lot of efficient, smaller, and high operating performance than a standard electrical device due to its operations at high frequency. A standard solid-state electrical device consists of several high-frequency transformers and is similar to a multi-level converter. The solid-state transformer provides a large variety of advantages like voltage sag compensation, outage compensation, and fast voltage regulation, metering, fault isolation, or advanced distribution automation environmental benefits. The dependability of such benefits drives growth for the solid-state transformer market. It provides a switch combination redundancy f

AttributesDetails
Study Period2020-2032
Base Year2024
UnitValue (USD Million)
Key Companies ProfiledHitachi Ltd. (Japan), Schneider Electric SE (France), Siemens AG (Germany), Mitsubishi Electric Corporation (Japan), Cooper Power Systems (United States), Amantys Limited (United Kingdom), Varentec Inc. (United States), GridBridge (United States), SPX Transformer Solutions (United States), Eaton Corporation plc (Ireland) and Varentec Inc. (United States)
CAGR16.1%


Nowadays, demand for solid-state transformers is increasing significantly for various applications such as electric vehicle charging stations, power grids, traction locomotives, and alternative power generation, among others. Growing demand for power solid-state transformers, traction solid-state transformers and distribution solid-state transformers are expected to have the highest impact on the China solid-state transformers market. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Solid State Transformers market throughout the predicted period.

Hitachi Ltd. (Japan), Schneider Electric SE (France), Siemens AG (Germany), Mitsubishi Electric Corporation (Japan), Cooper Power Systems (United States), Amantys Limited (United Kingdom), Varentec Inc. (United States), GridBridge (United States), SPX Transformer Solutions (United States), Eaton Corporation plc (Ireland) and Varentec Inc. (United States) are some of the key players that are part of study coverage.

About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.

Segmentation Overview
The study have segmented the market of Global Solid State Transformers market by Type , by Application (Power Distribution, Alternative Power Generation, Traction Locomotives, Electric Vehicle Charging Stations and Others) and Region with country level break-up.

On the basis of geography, the market of Solid State Transformers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2024.

Market Leaders and their expansionary development strategies
In March 2021, Hitachi ABB Power Grids, a global technology leader, and Nanyang Technological University, Singapore (NTU Singapore), a leading research-intensive university, will work together to advance developments in Solid State Transformer (SST) technology. The project is led by the Energy Research Institute @ NTU (ERI@N) and is supported by the National Research Foundation, Singapore (NRF). The project is part of the Singapore Government’s flagship Energy Grid 2.0 initiative aimed at shaping the next-generation grid system and transforming how energy is managed by consolidating multiple energy sources into a single intelligent network that is more efficient, sustainable, and resilient.
In September 2020, Hitachi ABB Power Grids launched an open and scalable ecosystem for the digitalization of transformers. The ecosystem is designed to drive data-driven intelligence and decision-making in the operations and maintenance of transformers and power grids.
The standard for interconnecting are SSPS 1.0 IEEE 1547, distributed resources with electric power systems, IEEE 519 Recommended practices and requirements for harmonic control in electrical power systems. SSPS 2.0 IEEE P1032, Guide for protecting transmission static VAR compensators. In addition, SSPS 3.0 IEEE 1378 is Commissioning HVDC converter stations and associated transmission systems.

Influencing Trend:
Rise In EV Sales Coupled by Public and Private Investments

Market Growth Drivers:
The Growing Adoption of Renewable Power Resources and It Reduces Grid Losses and Supply Reliability

Challenges:
Due To a Considerable Decrease in The Production the Demand has Lowered

Restraints:
High Cost of The Solid-State Transformers

Opportunities:
Continuous Developments and Implementation of New Solutions

Key Target Audience
Manufacturers of Solid-State Transformers, Suppliers and distributors of Solid-State Transformers, Governmental and Regulatory bodies and End-Users

Report Objectives / Segmentation Covered

By Type
  • Power Solid State Transformer
  • Distribution Solid State Transformer
  • Traction Solid State Transformer
By Application
  • Power Distribution
  • Alternative Power Generation
  • Traction Locomotives
  • Electric Vehicle Charging Stations
  • Others
By Voltage Level
  • HV/MV
  • MV/LV

By Stage Types
  • Single-stage
  • Two-stage
  • Three-stage

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. The Growing Adoption of Renewable Power Resources
      • 3.2.2. It Reduces Grid Losses and Supply Reliability
    • 3.3. Market Challenges
      • 3.3.1. Due To a Considerable Decrease in The Production the Demand has Lowered
    • 3.4. Market Trends
      • 3.4.1. Rise In EV Sales Coupled by Public and Private Investments
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global Solid State Transformers, by Type, Application, Voltage Level, Stage Types and Region (value and price ) (2019-2024)
    • 5.1. Introduction
    • 5.2. Global Solid State Transformers (Value)
      • 5.2.1. Global Solid State Transformers by: Type (Value)
        • 5.2.1.1. Power Solid State Transformer
        • 5.2.1.2. Distribution Solid State Transformer
        • 5.2.1.3. Traction Solid State Transformer
      • 5.2.2. Global Solid State Transformers by: Application (Value)
        • 5.2.2.1. Power Distribution
        • 5.2.2.2. Alternative Power Generation
        • 5.2.2.3. Traction Locomotives
        • 5.2.2.4. Electric Vehicle Charging Stations
        • 5.2.2.5. Others
      • 5.2.3. Global Solid State Transformers by: Voltage Level (Value)
        • 5.2.3.1. HV/MV
        • 5.2.3.2. MV/LV
      • 5.2.4. Global Solid State Transformers by: Stage Types (Value)
        • 5.2.4.1. Single-stage
        • 5.2.4.2. Two-stage
        • 5.2.4.3. Three-stage
      • 5.2.5. Global Solid State Transformers Region
        • 5.2.5.1. South America
          • 5.2.5.1.1. Brazil
          • 5.2.5.1.2. Argentina
          • 5.2.5.1.3. Rest of South America
        • 5.2.5.2. Asia Pacific
          • 5.2.5.2.1. China
          • 5.2.5.2.2. Japan
          • 5.2.5.2.3. India
          • 5.2.5.2.4. South Korea
          • 5.2.5.2.5. Taiwan
          • 5.2.5.2.6. Australia
          • 5.2.5.2.7. Rest of Asia-Pacific
        • 5.2.5.3. Europe
          • 5.2.5.3.1. Germany
          • 5.2.5.3.2. France
          • 5.2.5.3.3. Italy
          • 5.2.5.3.4. United Kingdom
          • 5.2.5.3.5. Netherlands
          • 5.2.5.3.6. Rest of Europe
        • 5.2.5.4. MEA
          • 5.2.5.4.1. Middle East
          • 5.2.5.4.2. Africa
        • 5.2.5.5. North America
          • 5.2.5.5.1. United States
          • 5.2.5.5.2. Canada
          • 5.2.5.5.3. Mexico
    • 5.3. Global Solid State Transformers (Price)
      • 5.3.1. Global Solid State Transformers by: Type (Price)
  • 6. Solid State Transformers: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2024)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Hitachi Ltd. (Japan)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. Schneider Electric SE (France)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. Siemens AG (Germany)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. Mitsubishi Electric Corporation (Japan)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. Cooper Power Systems (United States)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. Amantys Limited (United Kingdom)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. Varentec Inc. (United States)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. GridBridge (United States)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. SPX Transformer Solutions (United States)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. Eaton Corporation plc (Ireland)
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
      • 6.4.11. Varentec Inc. (United States)
        • 6.4.11.1. Business Overview
        • 6.4.11.2. Products/Services Offerings
        • 6.4.11.3. Financial Analysis
        • 6.4.11.4. SWOT Analysis
  • 7. Global Solid State Transformers Sale, by Type, Application, Voltage Level, Stage Types and Region (value and price ) (2027-2032)
    • 7.1. Introduction
    • 7.2. Global Solid State Transformers (Value)
      • 7.2.1. Global Solid State Transformers by: Type (Value)
        • 7.2.1.1. Power Solid State Transformer
        • 7.2.1.2. Distribution Solid State Transformer
        • 7.2.1.3. Traction Solid State Transformer
      • 7.2.2. Global Solid State Transformers by: Application (Value)
        • 7.2.2.1. Power Distribution
        • 7.2.2.2. Alternative Power Generation
        • 7.2.2.3. Traction Locomotives
        • 7.2.2.4. Electric Vehicle Charging Stations
        • 7.2.2.5. Others
      • 7.2.3. Global Solid State Transformers by: Voltage Level (Value)
        • 7.2.3.1. HV/MV
        • 7.2.3.2. MV/LV
      • 7.2.4. Global Solid State Transformers by: Stage Types (Value)
        • 7.2.4.1. Single-stage
        • 7.2.4.2. Two-stage
        • 7.2.4.3. Three-stage
      • 7.2.5. Global Solid State Transformers Region
        • 7.2.5.1. South America
          • 7.2.5.1.1. Brazil
          • 7.2.5.1.2. Argentina
          • 7.2.5.1.3. Rest of South America
        • 7.2.5.2. Asia Pacific
          • 7.2.5.2.1. China
          • 7.2.5.2.2. Japan
          • 7.2.5.2.3. India
          • 7.2.5.2.4. South Korea
          • 7.2.5.2.5. Taiwan
          • 7.2.5.2.6. Australia
          • 7.2.5.2.7. Rest of Asia-Pacific
        • 7.2.5.3. Europe
          • 7.2.5.3.1. Germany
          • 7.2.5.3.2. France
          • 7.2.5.3.3. Italy
          • 7.2.5.3.4. United Kingdom
          • 7.2.5.3.5. Netherlands
          • 7.2.5.3.6. Rest of Europe
        • 7.2.5.4. MEA
          • 7.2.5.4.1. Middle East
          • 7.2.5.4.2. Africa
        • 7.2.5.5. North America
          • 7.2.5.5.1. United States
          • 7.2.5.5.2. Canada
          • 7.2.5.5.3. Mexico
    • 7.3. Global Solid State Transformers (Price)
      • 7.3.1. Global Solid State Transformers by: Type (Price)
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Solid State Transformers: by Type(USD Million)
  • Table 2. Solid State Transformers Power Solid State Transformer , by Region USD Million (2019-2024)
  • Table 3. Solid State Transformers Distribution Solid State Transformer , by Region USD Million (2019-2024)
  • Table 4. Solid State Transformers Traction Solid State Transformer , by Region USD Million (2019-2024)
  • Table 5. Solid State Transformers: by Application(USD Million)
  • Table 6. Solid State Transformers Power Distribution , by Region USD Million (2019-2024)
  • Table 7. Solid State Transformers Alternative Power Generation , by Region USD Million (2019-2024)
  • Table 8. Solid State Transformers Traction Locomotives , by Region USD Million (2019-2024)
  • Table 9. Solid State Transformers Electric Vehicle Charging Stations , by Region USD Million (2019-2024)
  • Table 10. Solid State Transformers Others , by Region USD Million (2019-2024)
  • Table 11. Solid State Transformers: by Voltage Level(USD Million)
  • Table 12. Solid State Transformers HV/MV , by Region USD Million (2019-2024)
  • Table 13. Solid State Transformers MV/LV , by Region USD Million (2019-2024)
  • Table 14. Solid State Transformers: by Stage Types(USD Million)
  • Table 15. Solid State Transformers Single-stage , by Region USD Million (2019-2024)
  • Table 16. Solid State Transformers Two-stage , by Region USD Million (2019-2024)
  • Table 17. Solid State Transformers Three-stage , by Region USD Million (2019-2024)
  • Table 18. South America Solid State Transformers, by Country USD Million (2019-2024)
  • Table 19. South America Solid State Transformers, by Type USD Million (2019-2024)
  • Table 20. South America Solid State Transformers, by Application USD Million (2019-2024)
  • Table 21. South America Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 22. South America Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 23. Brazil Solid State Transformers, by Type USD Million (2019-2024)
  • Table 24. Brazil Solid State Transformers, by Application USD Million (2019-2024)
  • Table 25. Brazil Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 26. Brazil Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 27. Argentina Solid State Transformers, by Type USD Million (2019-2024)
  • Table 28. Argentina Solid State Transformers, by Application USD Million (2019-2024)
  • Table 29. Argentina Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 30. Argentina Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 31. Rest of South America Solid State Transformers, by Type USD Million (2019-2024)
  • Table 32. Rest of South America Solid State Transformers, by Application USD Million (2019-2024)
  • Table 33. Rest of South America Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 34. Rest of South America Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 35. Asia Pacific Solid State Transformers, by Country USD Million (2019-2024)
  • Table 36. Asia Pacific Solid State Transformers, by Type USD Million (2019-2024)
  • Table 37. Asia Pacific Solid State Transformers, by Application USD Million (2019-2024)
  • Table 38. Asia Pacific Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 39. Asia Pacific Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 40. China Solid State Transformers, by Type USD Million (2019-2024)
  • Table 41. China Solid State Transformers, by Application USD Million (2019-2024)
  • Table 42. China Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 43. China Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 44. Japan Solid State Transformers, by Type USD Million (2019-2024)
  • Table 45. Japan Solid State Transformers, by Application USD Million (2019-2024)
  • Table 46. Japan Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 47. Japan Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 48. India Solid State Transformers, by Type USD Million (2019-2024)
  • Table 49. India Solid State Transformers, by Application USD Million (2019-2024)
  • Table 50. India Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 51. India Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 52. South Korea Solid State Transformers, by Type USD Million (2019-2024)
  • Table 53. South Korea Solid State Transformers, by Application USD Million (2019-2024)
  • Table 54. South Korea Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 55. South Korea Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 56. Taiwan Solid State Transformers, by Type USD Million (2019-2024)
  • Table 57. Taiwan Solid State Transformers, by Application USD Million (2019-2024)
  • Table 58. Taiwan Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 59. Taiwan Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 60. Australia Solid State Transformers, by Type USD Million (2019-2024)
  • Table 61. Australia Solid State Transformers, by Application USD Million (2019-2024)
  • Table 62. Australia Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 63. Australia Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 64. Rest of Asia-Pacific Solid State Transformers, by Type USD Million (2019-2024)
  • Table 65. Rest of Asia-Pacific Solid State Transformers, by Application USD Million (2019-2024)
  • Table 66. Rest of Asia-Pacific Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 67. Rest of Asia-Pacific Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 68. Europe Solid State Transformers, by Country USD Million (2019-2024)
  • Table 69. Europe Solid State Transformers, by Type USD Million (2019-2024)
  • Table 70. Europe Solid State Transformers, by Application USD Million (2019-2024)
  • Table 71. Europe Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 72. Europe Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 73. Germany Solid State Transformers, by Type USD Million (2019-2024)
  • Table 74. Germany Solid State Transformers, by Application USD Million (2019-2024)
  • Table 75. Germany Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 76. Germany Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 77. France Solid State Transformers, by Type USD Million (2019-2024)
  • Table 78. France Solid State Transformers, by Application USD Million (2019-2024)
  • Table 79. France Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 80. France Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 81. Italy Solid State Transformers, by Type USD Million (2019-2024)
  • Table 82. Italy Solid State Transformers, by Application USD Million (2019-2024)
  • Table 83. Italy Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 84. Italy Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 85. United Kingdom Solid State Transformers, by Type USD Million (2019-2024)
  • Table 86. United Kingdom Solid State Transformers, by Application USD Million (2019-2024)
  • Table 87. United Kingdom Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 88. United Kingdom Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 89. Netherlands Solid State Transformers, by Type USD Million (2019-2024)
  • Table 90. Netherlands Solid State Transformers, by Application USD Million (2019-2024)
  • Table 91. Netherlands Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 92. Netherlands Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 93. Rest of Europe Solid State Transformers, by Type USD Million (2019-2024)
  • Table 94. Rest of Europe Solid State Transformers, by Application USD Million (2019-2024)
  • Table 95. Rest of Europe Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 96. Rest of Europe Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 97. MEA Solid State Transformers, by Country USD Million (2019-2024)
  • Table 98. MEA Solid State Transformers, by Type USD Million (2019-2024)
  • Table 99. MEA Solid State Transformers, by Application USD Million (2019-2024)
  • Table 100. MEA Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 101. MEA Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 102. Middle East Solid State Transformers, by Type USD Million (2019-2024)
  • Table 103. Middle East Solid State Transformers, by Application USD Million (2019-2024)
  • Table 104. Middle East Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 105. Middle East Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 106. Africa Solid State Transformers, by Type USD Million (2019-2024)
  • Table 107. Africa Solid State Transformers, by Application USD Million (2019-2024)
  • Table 108. Africa Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 109. Africa Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 110. North America Solid State Transformers, by Country USD Million (2019-2024)
  • Table 111. North America Solid State Transformers, by Type USD Million (2019-2024)
  • Table 112. North America Solid State Transformers, by Application USD Million (2019-2024)
  • Table 113. North America Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 114. North America Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 115. United States Solid State Transformers, by Type USD Million (2019-2024)
  • Table 116. United States Solid State Transformers, by Application USD Million (2019-2024)
  • Table 117. United States Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 118. United States Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 119. Canada Solid State Transformers, by Type USD Million (2019-2024)
  • Table 120. Canada Solid State Transformers, by Application USD Million (2019-2024)
  • Table 121. Canada Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 122. Canada Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 123. Mexico Solid State Transformers, by Type USD Million (2019-2024)
  • Table 124. Mexico Solid State Transformers, by Application USD Million (2019-2024)
  • Table 125. Mexico Solid State Transformers, by Voltage Level USD Million (2019-2024)
  • Table 126. Mexico Solid State Transformers, by Stage Types USD Million (2019-2024)
  • Table 127. Solid State Transformers: by Type(USD/Units)
  • Table 128. Company Basic Information, Sales Area and Its Competitors
  • Table 129. Company Basic Information, Sales Area and Its Competitors
  • Table 130. Company Basic Information, Sales Area and Its Competitors
  • Table 131. Company Basic Information, Sales Area and Its Competitors
  • Table 132. Company Basic Information, Sales Area and Its Competitors
  • Table 133. Company Basic Information, Sales Area and Its Competitors
  • Table 134. Company Basic Information, Sales Area and Its Competitors
  • Table 135. Company Basic Information, Sales Area and Its Competitors
  • Table 136. Company Basic Information, Sales Area and Its Competitors
  • Table 137. Company Basic Information, Sales Area and Its Competitors
  • Table 138. Company Basic Information, Sales Area and Its Competitors
  • Table 139. Solid State Transformers: by Type(USD Million)
  • Table 140. Solid State Transformers Power Solid State Transformer , by Region USD Million (2027-2032)
  • Table 141. Solid State Transformers Distribution Solid State Transformer , by Region USD Million (2027-2032)
  • Table 142. Solid State Transformers Traction Solid State Transformer , by Region USD Million (2027-2032)
  • Table 143. Solid State Transformers: by Application(USD Million)
  • Table 144. Solid State Transformers Power Distribution , by Region USD Million (2027-2032)
  • Table 145. Solid State Transformers Alternative Power Generation , by Region USD Million (2027-2032)
  • Table 146. Solid State Transformers Traction Locomotives , by Region USD Million (2027-2032)
  • Table 147. Solid State Transformers Electric Vehicle Charging Stations , by Region USD Million (2027-2032)
  • Table 148. Solid State Transformers Others , by Region USD Million (2027-2032)
  • Table 149. Solid State Transformers: by Voltage Level(USD Million)
  • Table 150. Solid State Transformers HV/MV , by Region USD Million (2027-2032)
  • Table 151. Solid State Transformers MV/LV , by Region USD Million (2027-2032)
  • Table 152. Solid State Transformers: by Stage Types(USD Million)
  • Table 153. Solid State Transformers Single-stage , by Region USD Million (2027-2032)
  • Table 154. Solid State Transformers Two-stage , by Region USD Million (2027-2032)
  • Table 155. Solid State Transformers Three-stage , by Region USD Million (2027-2032)
  • Table 156. South America Solid State Transformers, by Country USD Million (2027-2032)
  • Table 157. South America Solid State Transformers, by Type USD Million (2027-2032)
  • Table 158. South America Solid State Transformers, by Application USD Million (2027-2032)
  • Table 159. South America Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 160. South America Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 161. Brazil Solid State Transformers, by Type USD Million (2027-2032)
  • Table 162. Brazil Solid State Transformers, by Application USD Million (2027-2032)
  • Table 163. Brazil Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 164. Brazil Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 165. Argentina Solid State Transformers, by Type USD Million (2027-2032)
  • Table 166. Argentina Solid State Transformers, by Application USD Million (2027-2032)
  • Table 167. Argentina Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 168. Argentina Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 169. Rest of South America Solid State Transformers, by Type USD Million (2027-2032)
  • Table 170. Rest of South America Solid State Transformers, by Application USD Million (2027-2032)
  • Table 171. Rest of South America Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 172. Rest of South America Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 173. Asia Pacific Solid State Transformers, by Country USD Million (2027-2032)
  • Table 174. Asia Pacific Solid State Transformers, by Type USD Million (2027-2032)
  • Table 175. Asia Pacific Solid State Transformers, by Application USD Million (2027-2032)
  • Table 176. Asia Pacific Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 177. Asia Pacific Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 178. China Solid State Transformers, by Type USD Million (2027-2032)
  • Table 179. China Solid State Transformers, by Application USD Million (2027-2032)
  • Table 180. China Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 181. China Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 182. Japan Solid State Transformers, by Type USD Million (2027-2032)
  • Table 183. Japan Solid State Transformers, by Application USD Million (2027-2032)
  • Table 184. Japan Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 185. Japan Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 186. India Solid State Transformers, by Type USD Million (2027-2032)
  • Table 187. India Solid State Transformers, by Application USD Million (2027-2032)
  • Table 188. India Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 189. India Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 190. South Korea Solid State Transformers, by Type USD Million (2027-2032)
  • Table 191. South Korea Solid State Transformers, by Application USD Million (2027-2032)
  • Table 192. South Korea Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 193. South Korea Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 194. Taiwan Solid State Transformers, by Type USD Million (2027-2032)
  • Table 195. Taiwan Solid State Transformers, by Application USD Million (2027-2032)
  • Table 196. Taiwan Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 197. Taiwan Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 198. Australia Solid State Transformers, by Type USD Million (2027-2032)
  • Table 199. Australia Solid State Transformers, by Application USD Million (2027-2032)
  • Table 200. Australia Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 201. Australia Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 202. Rest of Asia-Pacific Solid State Transformers, by Type USD Million (2027-2032)
  • Table 203. Rest of Asia-Pacific Solid State Transformers, by Application USD Million (2027-2032)
  • Table 204. Rest of Asia-Pacific Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 205. Rest of Asia-Pacific Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 206. Europe Solid State Transformers, by Country USD Million (2027-2032)
  • Table 207. Europe Solid State Transformers, by Type USD Million (2027-2032)
  • Table 208. Europe Solid State Transformers, by Application USD Million (2027-2032)
  • Table 209. Europe Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 210. Europe Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 211. Germany Solid State Transformers, by Type USD Million (2027-2032)
  • Table 212. Germany Solid State Transformers, by Application USD Million (2027-2032)
  • Table 213. Germany Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 214. Germany Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 215. France Solid State Transformers, by Type USD Million (2027-2032)
  • Table 216. France Solid State Transformers, by Application USD Million (2027-2032)
  • Table 217. France Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 218. France Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 219. Italy Solid State Transformers, by Type USD Million (2027-2032)
  • Table 220. Italy Solid State Transformers, by Application USD Million (2027-2032)
  • Table 221. Italy Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 222. Italy Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 223. United Kingdom Solid State Transformers, by Type USD Million (2027-2032)
  • Table 224. United Kingdom Solid State Transformers, by Application USD Million (2027-2032)
  • Table 225. United Kingdom Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 226. United Kingdom Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 227. Netherlands Solid State Transformers, by Type USD Million (2027-2032)
  • Table 228. Netherlands Solid State Transformers, by Application USD Million (2027-2032)
  • Table 229. Netherlands Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 230. Netherlands Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 231. Rest of Europe Solid State Transformers, by Type USD Million (2027-2032)
  • Table 232. Rest of Europe Solid State Transformers, by Application USD Million (2027-2032)
  • Table 233. Rest of Europe Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 234. Rest of Europe Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 235. MEA Solid State Transformers, by Country USD Million (2027-2032)
  • Table 236. MEA Solid State Transformers, by Type USD Million (2027-2032)
  • Table 237. MEA Solid State Transformers, by Application USD Million (2027-2032)
  • Table 238. MEA Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 239. MEA Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 240. Middle East Solid State Transformers, by Type USD Million (2027-2032)
  • Table 241. Middle East Solid State Transformers, by Application USD Million (2027-2032)
  • Table 242. Middle East Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 243. Middle East Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 244. Africa Solid State Transformers, by Type USD Million (2027-2032)
  • Table 245. Africa Solid State Transformers, by Application USD Million (2027-2032)
  • Table 246. Africa Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 247. Africa Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 248. North America Solid State Transformers, by Country USD Million (2027-2032)
  • Table 249. North America Solid State Transformers, by Type USD Million (2027-2032)
  • Table 250. North America Solid State Transformers, by Application USD Million (2027-2032)
  • Table 251. North America Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 252. North America Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 253. United States Solid State Transformers, by Type USD Million (2027-2032)
  • Table 254. United States Solid State Transformers, by Application USD Million (2027-2032)
  • Table 255. United States Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 256. United States Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 257. Canada Solid State Transformers, by Type USD Million (2027-2032)
  • Table 258. Canada Solid State Transformers, by Application USD Million (2027-2032)
  • Table 259. Canada Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 260. Canada Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 261. Mexico Solid State Transformers, by Type USD Million (2027-2032)
  • Table 262. Mexico Solid State Transformers, by Application USD Million (2027-2032)
  • Table 263. Mexico Solid State Transformers, by Voltage Level USD Million (2027-2032)
  • Table 264. Mexico Solid State Transformers, by Stage Types USD Million (2027-2032)
  • Table 265. Solid State Transformers: by Type(USD/Units)
  • Table 266. Research Programs/Design for This Report
  • Table 267. Key Data Information from Secondary Sources
  • Table 268. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global Solid State Transformers: by Type USD Million (2019-2024)
  • Figure 5. Global Solid State Transformers: by Application USD Million (2019-2024)
  • Figure 6. Global Solid State Transformers: by Voltage Level USD Million (2019-2024)
  • Figure 7. Global Solid State Transformers: by Stage Types USD Million (2019-2024)
  • Figure 8. South America Solid State Transformers Share (%), by Country
  • Figure 9. Asia Pacific Solid State Transformers Share (%), by Country
  • Figure 10. Europe Solid State Transformers Share (%), by Country
  • Figure 11. MEA Solid State Transformers Share (%), by Country
  • Figure 12. North America Solid State Transformers Share (%), by Country
  • Figure 13. Global Solid State Transformers: by Type USD/Units (2019-2024)
  • Figure 14. Global Solid State Transformers share by Players 2024 (%)
  • Figure 15. Global Solid State Transformers share by Players (Top 3) 2024(%)
  • Figure 16. Global Solid State Transformers share by Players (Top 5) 2024(%)
  • Figure 17. BCG Matrix for key Companies
  • Figure 18. Hitachi Ltd. (Japan) Revenue, Net Income and Gross profit
  • Figure 19. Hitachi Ltd. (Japan) Revenue: by Geography 2024
  • Figure 20. Schneider Electric SE (France) Revenue, Net Income and Gross profit
  • Figure 21. Schneider Electric SE (France) Revenue: by Geography 2024
  • Figure 22. Siemens AG (Germany) Revenue, Net Income and Gross profit
  • Figure 23. Siemens AG (Germany) Revenue: by Geography 2024
  • Figure 24. Mitsubishi Electric Corporation (Japan) Revenue, Net Income and Gross profit
  • Figure 25. Mitsubishi Electric Corporation (Japan) Revenue: by Geography 2024
  • Figure 26. Cooper Power Systems (United States) Revenue, Net Income and Gross profit
  • Figure 27. Cooper Power Systems (United States) Revenue: by Geography 2024
  • Figure 28. Amantys Limited (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 29. Amantys Limited (United Kingdom) Revenue: by Geography 2024
  • Figure 30. Varentec Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 31. Varentec Inc. (United States) Revenue: by Geography 2024
  • Figure 32. GridBridge (United States) Revenue, Net Income and Gross profit
  • Figure 33. GridBridge (United States) Revenue: by Geography 2024
  • Figure 34. SPX Transformer Solutions (United States) Revenue, Net Income and Gross profit
  • Figure 35. SPX Transformer Solutions (United States) Revenue: by Geography 2024
  • Figure 36. Eaton Corporation plc (Ireland) Revenue, Net Income and Gross profit
  • Figure 37. Eaton Corporation plc (Ireland) Revenue: by Geography 2024
  • Figure 38. Varentec Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 39. Varentec Inc. (United States) Revenue: by Geography 2024
  • Figure 40. Global Solid State Transformers: by Type USD Million (2027-2032)
  • Figure 41. Global Solid State Transformers: by Application USD Million (2027-2032)
  • Figure 42. Global Solid State Transformers: by Voltage Level USD Million (2027-2032)
  • Figure 43. Global Solid State Transformers: by Stage Types USD Million (2027-2032)
  • Figure 44. South America Solid State Transformers Share (%), by Country
  • Figure 45. Asia Pacific Solid State Transformers Share (%), by Country
  • Figure 46. Europe Solid State Transformers Share (%), by Country
  • Figure 47. MEA Solid State Transformers Share (%), by Country
  • Figure 48. North America Solid State Transformers Share (%), by Country
  • Figure 49. Global Solid State Transformers: by Type USD/Units (2027-2032)
List of companies from research coverage that are profiled in the study
  • Hitachi Ltd. (Japan)
  • Schneider Electric SE (France)
  • Siemens AG (Germany)
  • Mitsubishi Electric Corporation (Japan)
  • Cooper Power Systems (United States)
  • Amantys Limited (United Kingdom)
  • Varentec Inc. (United States)
  • GridBridge (United States)
  • SPX Transformer Solutions (United States)
  • Eaton Corporation plc (Ireland)
  • Varentec Inc. (United States)
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Key Highlights of Report


Jan 2025 164 Pages 58 Tables Base Year: 2024 Coverage: 15+ Companies; 18 Countries

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Global Solid State Transformers Quantitative research analysis
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Frequently Asked Questions (FAQ):

The key segments that are playing vital role in Solid State Transformers Market are by type [Power Solid State Transformer, Distribution Solid State Transformer and Traction Solid State Transformer], by end use application [Power Distribution, Alternative Power Generation, Traction Locomotives, Electric Vehicle Charging Stations and Others].
The Solid State Transformers Market is gaining popularity and expected to see strong valuation by 2032.
  • The Growing Adoption of Renewable Power Resources
  • It Reduces Grid Losses and Supply Reliability

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