Market Overview:
The global solid state transformer (SST) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the SST market can be attributed to the increasing demand for alternative power generation, smart grid, traction locomotives and EV charging applications. Additionally, growing concerns about energy security and climate change are also driving the demand for SSTs globally. The global SST market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into single-stage transformers, two-stage transformers and three-stage transformers. On the basis of application,the market is segmented into alternative power generation, smart grid,, traction locomotives and EV charging applications. Regionally speaking,, North America dominates th eglobal SSTmarket followed by Europe Asia Pacificand Latin America . However,.
 Industry Outlook.svg)
Product Definition:
Solid State Transformers (SST) are a type of transformer where the primary and secondary windings are printed on a single substrate. The use of SST's can help to reduce losses, improve efficiency, and save space.
Single-stage:
Single-stage is a transformer with primary voltage of typically 33 kVAC to 400 kVAC and no additional stages for increasing output voltage. It is also known as stage-less or single-stage Transformer. SSTs are used in various applications such as distribution transformers, substation equipment, switchgears, transmission lines & circuits and others.
Two-stage:
The two-stage technology is used in solid state transformers (SST) to increase the switching frequency and efficiency. The SSTs are fabricated using silicon semiconductor materials, such as germanium or silicon carbide. The basic components of an SST include a power supply, control circuitry, transformer core made up of ferromagnetic material and conductive material windings that create an electrical circuit through which current can flow.
Application Insights:
The global SST market has been segmented into alternative power generation, smart grid, traction locomotives, electric vehicles charging stations and others. The alternative power generation segment dominated the overall industry in terms of revenue share in 2017. This is attributed to the growing demand for clean energy across various regions coupled with government initiatives such as feed-in tariff schemes that encourage investments for developing renewable sources of electricity.
The smart grid application segment is expected to witness significant growth over the forecast period owing to its ability to transform electronic data information into usable digital signals that can be transmitted through electrical wires within a specific area (grid). Solid stateTransformers are used as switches within Smart Grids so they can overcome transmission losses and provide high-speed data communication services across large areas without using too much electricity.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives for promoting electric vehicles and clean energy infrastructure in countries such as China, Japan, and India. For instance, in 2016, China announced its 13th Five-Year Plan for Modern Energy (2016 - 2020) with an aim to reduce carbon emissions by 40% while growing alternative energy production capacity by 150%. Such government policies are anticipated to boost demand for SSTs across Asia Pacific region.
Europe accounted for a significant share of global revenue in 2017 owing to early adoption of solid state transformers technology coupled with stringent regulations regarding environmental pollution caused due generator set emission. Moreover, presence of major automotive manufacturers including Volkswagen Group; BMW Group; Mercedes Benz AG; Jaguar Land Rover Limited has led Europe being one of the prominent regions driving industry growth across this region over the forecast period.
Growth Factors:
- Increasing demand for energy-efficient technologies: The global market for SST is expected to grow at a CAGR of more than 15% from 2016 to 2020. This is due to the increasing demand for energy-efficient technologies across the globe.
- Rising need for reliable and efficient power distribution: With the increasing population and rapid industrialization, there is an urgent need for reliable and efficient power distribution systems across the world. SSTs can help in achieving this goal by providing high reliability and efficiency.
- Growing popularity of renewable energy sources: Renewable energy sources such as solar and wind are becoming increasingly popular due to their environmental benefits. SSTs can be used in conjunction with these renewable sources to improve their performance and increase their adoption rate further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid State Transformers (SST) Market Research Report
By Type
Single-stage, Two-stage, Three-stage
By Application
Alternative Power Generation, Smart Grid, Traction Locomotives, EV Charging
By Companies
CREE, Inc., STMicroelectronics, Infineon Technologies, Mitsubishi Electric Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Solid State Transformers (SST) Market Report Segments:
The global Solid State Transformers (SST) market is segmented on the basis of:
Types
Single-stage, Two-stage, Three-stage
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Alternative Power Generation, Smart Grid, Traction Locomotives, EV Charging
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CREE, Inc.
- STMicroelectronics
- Infineon Technologies
- Mitsubishi Electric Corporation
 Market Overview.svg)
Highlights of The Solid State Transformers (SST) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-stage
- Two-stage
- Three-stage
- By Application:
- Alternative Power Generation
- Smart Grid
- Traction Locomotives
- EV Charging
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solid State Transformers (SST) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solid State Transformers (SST) are a type of electronic component that can be used in electrical equipment. They are made up of small, discrete transistors that can be switched on and off very quickly, which makes them ideal for use in digital devices.
Some of the major players in the solid state transformers (sst) market are CREE, Inc., STMicroelectronics, Infineon Technologies, Mitsubishi Electric Corporation.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solid State Transformers (SST) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solid State Transformers (SST) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solid State Transformers (SST) Market - Supply Chain
4.5. Global Solid State Transformers (SST) Market Forecast
4.5.1. Solid State Transformers (SST) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solid State Transformers (SST) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solid State Transformers (SST) Market Absolute $ Opportunity
5. Global Solid State Transformers (SST) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solid State Transformers (SST) Market Size and Volume Forecast by Type
5.3.1. Single-stage
5.3.2. Two-stage
5.3.3. Three-stage
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solid State Transformers (SST) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solid State Transformers (SST) Market Size and Volume Forecast by Application
6.3.1. Alternative Power Generation
6.3.2. Smart Grid
6.3.3. Traction Locomotives
6.3.4. EV Charging
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solid State Transformers (SST) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solid State Transformers (SST) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solid State Transformers (SST) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solid State Transformers (SST) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solid State Transformers (SST) Demand Share Forecast, 2019-2029
9. North America Solid State Transformers (SST) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solid State Transformers (SST) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solid State Transformers (SST) Market Size and Volume Forecast by Application
9.4.1. Alternative Power Generation
9.4.2. Smart Grid
9.4.3. Traction Locomotives
9.4.4. EV Charging
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solid State Transformers (SST) Market Size and Volume Forecast by Type
9.7.1. Single-stage
9.7.2. Two-stage
9.7.3. Three-stage
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solid State Transformers (SST) Demand Share Forecast, 2019-2029
10. Latin America Solid State Transformers (SST) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solid State Transformers (SST) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solid State Transformers (SST) Market Size and Volume Forecast by Application
10.4.1. Alternative Power Generation
10.4.2. Smart Grid
10.4.3. Traction Locomotives
10.4.4. EV Charging
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solid State Transformers (SST) Market Size and Volume Forecast by Type
10.7.1. Single-stage
10.7.2. Two-stage
10.7.3. Three-stage
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solid State Transformers (SST) Demand Share Forecast, 2019-2029
11. Europe Solid State Transformers (SST) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solid State Transformers (SST) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solid State Transformers (SST) Market Size and Volume Forecast by Application
11.4.1. Alternative Power Generation
11.4.2. Smart Grid
11.4.3. Traction Locomotives
11.4.4. EV Charging
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solid State Transformers (SST) Market Size and Volume Forecast by Type
11.7.1. Single-stage
11.7.2. Two-stage
11.7.3. Three-stage
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solid State Transformers (SST) Demand Share, 2019-2029
12. Asia Pacific Solid State Transformers (SST) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solid State Transformers (SST) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solid State Transformers (SST) Market Size and Volume Forecast by Application
12.4.1. Alternative Power Generation
12.4.2. Smart Grid
12.4.3. Traction Locomotives
12.4.4. EV Charging
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solid State Transformers (SST) Market Size and Volume Forecast by Type
12.7.1. Single-stage
12.7.2. Two-stage
12.7.3. Three-stage
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solid State Transformers (SST) Demand Share, 2019-2029
13. Middle East & Africa Solid State Transformers (SST) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solid State Transformers (SST) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solid State Transformers (SST) Market Size and Volume Forecast by Application
13.4.1. Alternative Power Generation
13.4.2. Smart Grid
13.4.3. Traction Locomotives
13.4.4. EV Charging
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solid State Transformers (SST) Market Size and Volume Forecast by Type
13.7.1. Single-stage
13.7.2. Two-stage
13.7.3. Three-stage
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solid State Transformers (SST) Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Solid State Transformers (SST) Market: Market Share Analysis
14.2. Solid State Transformers (SST) Distributors and Customers
14.3. Solid State Transformers (SST) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CREE, Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. STMicroelectronics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Infineon Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi Electric Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
