MarketResearchNest.com
adds “Global Solid State Transformers
(SST) Market Growth 2019-2024”new report to its research database.
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 market of solid state transformers 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.
No wonder that solid state transformer is breakthrough
technology, and it has huge imagination potential for the industry. But what
should not be forgotten is that solid state transformer will not replace
conventional transformer, without enough necessity. Proponents of solid-state
transformers are not suggesting a rip-and-replace strategy for existing
transformers. The strategy for the introduction of solid-state transformers
will center around strategic benefits related to the 'green circuit' of the
future, rolling out devices on feeders with high PV penetration and EV load.
According to this study, over the next five years the Solid
State Transformers (SST) market will register a 21.3% CAGR in terms of revenue,
the global market size will reach US$ 200 million by 2024, from US$ 77 million
in 2019. In particular, this report presents the global market share (sales and
revenue) of key companies in Solid State Transformers (SST) business, shared in
Chapter 3.
This report presents a comprehensive overview, market
shares, and growth opportunities of Solid State Transformers (SST) market by
product type, application, key manufacturers and key regions and countries.
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This study considers
the Solid State Transformers (SST) value and volume generated from the sales of
the following segments:
Segmentation by
product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to
2024 in section 11.7.
·
Single-stage
·
Two-stage
·
Three-stage
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 11.8.
·
Alternative
Power Generation
·
Smart
Grid
·
Traction
Locomotives
·
EV
Charging
·
Others
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contents and data tables @
This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC,China,
Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy,
Russia, Spain, Middle East and Africa, Egypt, South Africa,Israel, Turkey, GCC
Countries
The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report:
·
ABB
·
Siemens
·
General electric
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In addition, this report discusses the key drivers
influencing market growth, opportunities, the challenges and the risks faced by
key players and the market as a whole. It also analyzes key emerging trends and
their impact on present and future development.
Research objectives
·
To study and analyze the global Solid State
Transformers (SST) consumption (value and volume) by key regions/countries,
product type and application, history data from 2014 to 2018, and forecast to
2024.
·
To understand the structure of Solid State
Transformers (SST) market by identifying its various subsegments.
·
Focuses on the key global Solid State
Transformers (SST) manufacturers, to define, describe and analyze the sales
volume, value, market share, market competition landscape, SWOT analysis and
development plans in next few years.
·
To analyze the Solid State Transformers (SST)
with respect to individual growth trends, future prospects, and their contribution
to the total market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the consumption of Solid State
Transformers (SST) submarkets, with respect to key regions (along with their
respective key countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches, and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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