Solid State Transformer Market PPT: Overview, Dynamics, Trends, Segmentation, Application and Forecast to 2032

The global solid state transformer market size reached US$ 214.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 638.7 Million by 2032, exhibiting a growth rate (CAGR) of 12.6% during 2024-2032.

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1. Global Solid State Transformer Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved

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3. Report Highlight and Description According to the latest report by IMARC Group, titled  "Solid State Transformer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,"  the  global solid state transformer market size reached US$ 214.8 Million in 2023. A solid state transformer, or SST, refers to a single-input dual-output power converter that facilitates voltage conversion from alternate current (AC) to direct current (DC), DC to DC, and DC to AC on different voltage levels. It offers high controllability and enables flexible connectivity between existing medium-voltage power distribution networks, low-voltage AC residential systems, and envisioned DC residential systems. It also compensates the voltage sags and harmonic distortion, interconnects asynchronous networks, and interfaces DC and AC ports. In addition, it can isolate disturbances from the source and load or vice versa while eliminating the use of tap changers or mechanical actuators. As a result, SST finds extensive applications in power grids, traction or locomotives, renewable power generation, and electric ships. Request for a PDF sample of this report: https://www.imarcgroup.com/solid-state-transformer-market/requestsample

4. Report Description Global Solid State Transformer Market Trends : The expanding energy sector, coupled with heavy investments in smart grid infrastructure, represents the primary factor driving the market growth. Moreover, SST is gaining immense traction as a superior alternative to conventional transformers in smart grids as it offers voltage regulation, power quality improvement, current limiting, reactive power compensation, and power factor correction. Besides this, the rapid modernization of smart grids and the widespread incorporation of electronic intelligence capabilities for power control and operations monitoring have augmented the demand for smart grid technologies, such as SSTs. Additionally, there has been a rise in the use of SSTs in electric vehicle (EV) charging stations. In line with this, the elevating EV sales across the globe due to the growing environmental concerns among individuals and the implementation of favorable government initiatives promoting the use of EVs have accelerated product adoption rates. Furthermore, the increasing preferences for renewable energy sources, such as wind and solar energy, for power generation due to escalating electricity demand and the surging need to reduce carbon footprints has fueled the market growth. Other factors, including the rising public and private investments in distribution and power transmission infrastructure, ongoing research and development (R&D) activities by key players, and technological advancements, are also creating a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 638.7 Million by 2032, growing at a CAGR of 12.6% during 2024-2032. View Report TOC, Figures and Tables : https://www.imarcgroup.com/solid-state-transformer-market

5. Report Segmentation Breakup by Product: Distribution Solid State Transformer Power Solid State Transformer Traction Solid State Transformer   Breakup by Component: Converters High-frequency Transformers Switches Others Breakup by Voltage Level: HV/MV MV/LV Breakup by Application: Alternative Power Generation

6. Report Segmentation Electric Vehicle Charging Stations Power Distribution Traction Locomotives Others Breakup by End User: Energy Transportation Others Breakup by Region: North America Asia-Pacific Europe Latin America Middle East and Africa

7. Competitive Landscape with Key Players ABB Ltd. Alstom SA Eaton Corporation PLC Electric Research and Manufacturing Cooperative Inc. (ERMCO) (Arkansas Electric Cooperatives Inc.) General Electric Company Hitachi Ltd. Kirloskar Electric Company Ltd. Mitsubishi Electric Corporation Schneider Electric SE Siemens AG Synergy Transformers Vollspark .

8. Key Questions Answered in the Report

9. Key Questions Answered in the Report

10. Table of Contents 1    Preface 2    Scope and Methodology     2.1    Objectives of the Study     2.2    Stakeholders     2.3    Data Sources         2.3.1    Primary Sources         2.3.2    Secondary Sources     2.4    Market Estimation         2.4.1    Bottom-Up Approach         2.4.2    Top-Down Approach     2.5    Forecasting Methodology 3    Executive Summary 4    Introduction     4.1    Overview     4.2    Key Industry Trends 5    Global Solid State Transformer Market     5.1    Market Overview     5.2    Market Performance     5.3    Impact of COVID-19   5.4    Market Forecast 6     Market Breakup by Product 6.1 Distribution Solid State Transformer 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Power Solid State Transformer 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Traction Solid State Transformer 6.3.1 Market Trends 6.3.2 Market Forecast 7 Market Breakup by Component        

11. Table of Contents 7.1 Converters 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 High-frequency Transformers 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Switches 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Others 7.4.1 Market Trends 7.4.2 Market Forecast 8 Market Breakup by Voltage Level 8.1 HV/MV 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 MV/LV 8.2.1 Market Trends 8.2.2 Market Forecast 9 Market Breakup by Application 9.1 Alternative Power Generation 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Electric Vehicle Charging Stations 9.2.1 Market Trends 9.2.2 Market Forecast 9.3 Power Distribution 9.3.1 Market Trends 9.3.2 Market Forecast For more information, visit : https://www.imarcgroup.com/solid-state-transformer-market/toc

12. Partial List of Clients

13. Partial List of Clients

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