Solid State Transformer Market: Overview

The global solid state transformer market is expected to reach US$1.48 billion, expanding at a CAGR of 18.4% during the forecast period (2021-2031). A solid-state transformer (SST), often called a smart transformer, is a modern type of transformer that includes a variety of control circuits, semiconductor components, and another high-frequency transformer. It serves a wide range of applications, including renewable energy generation, electric vehicle charging stations, and power grids.

Factors such as the rising integration of renewable energy sources in the power generation mix and increased investment in smart grid technologies are projected to boost the solid state transformer market. The solid state transformer market is also likely to be driven by the technological benefits of solid state transformers over traditional transformers.

solid state transformer market infographic

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Rapid Growth in Electric Vehicle Industry Across the Globe

The increasing demand for electric vehicle charging infrastructure has a significant impact on the solid state transformer market valuation. Electric vehicles are becoming more popular throughout the world. Governments from many nations are putting tremendous effort into developing them since they are seen as efficient solutions to environmental problems. Automotive companies are constantly investing in the R&D of electric vehicles. Such aspects are driving the development of the solid state transformer market. Moreover, increasing investments in the automotive sector are expected to have an influence on the overall expansion of the solid state transformer market.

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Growing Use of Solid-state Transformers in Renewable Energy Generation

Solid state transformers are extensively used for power generation from wind, solar, and tidal energy. The majority of developed economies are placing emphasis on these effective energy-generating options, which is boosting the solid-state transformer market. Solid state transformers are widely utilized in wind farms since they can function as step-up transformers and STATCOMs. In recent years, such factors have had an influence on the expansion of the solid state transformers market.

solid state transformer market segmentation

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Solid State Transformers Market to Bounce Back Amid COVID-19 Pandemic

The COVID-19 pandemic has disrupted nearly every industry in a short period of time, hampering all industrial and commercial activity worldwide. The pandemic resulted in global lockdowns, resulting in massive losses in production and sales in industries such as automotive, aviation, consumer electronics, pharmaceuticals, and oil and gas. The COVID-19 has had a significant influence on the solid state transformer market. Several manufacturers experienced five-week or longer shipment delays from China and other nations.

The impact of COVID-19 varies depending on the type of the business, product range, firm size, and reliance on a supply chain. However, numerous governments throughout the world are assisting firms in recouping their losses, which can alleviate much of the stress that firms may experience during a pandemic. As the pandemic nears its end in various places, companies are expected to ramp up output with better planning, driving up energy demand. This is anticipated to open up new prospects for the global solid state transformer market in the near future.

Rising Demand for Solid State Transformers for Smart Grid

A smart grid is an electrical network or grid that allows for the two-way flow of electricity and data. The notion of a smart grid has evolved over the previous two decades and has become a crucial component of the digital revolution of the electricity sector. Solid-state transformers are chosen over traditional transformers in smart grids due to their modular construction, ability to support bi-directional power transmission, and deployment in both AC and DC grids. Three-stage solid state transformers are commonly used in smart grid applications, which is contributing to the solid state transformer market growth. They provide a bidirectional power flow to transfer electricity from low voltage to high voltage.

Increasing Investment in Solid State Transformers Market

Governments throughout the world, particularly those in developing nations, are investing heavily in power transmission and distribution systems in order to optimize power grids. Key companies in the solid state transformer market are focusing on research and development to meet the demands of a variety of sectors, including renewable energy.

Key players active in the global solid state transformer market are ABB, Eaton Corporation plc., General Electric, Synergy Transformers, SPX Transformers Solutions Inc., Kirloskar Electric Company, Schneider Electric SE, Siemens AG, ERMCO, Alstom SA.

Solid State Transformer Market – Segmentation

TMR’s study on the global solid state transformer market segments the market based on type, component, application, and region. Changing market trends and other crucial market dynamics associated with segments of the global solid state transformer market have been discussed in detail in TMR’s study.

Type
  • Distribution SST
  • Traction SST
  • Power SST
Component
  • Converters
  • Switches
  • High-frequency Transformers
  • Others
Application
  • Alternate Power Generation
  • Traction Locomotives
  • Power Distribution
  • Electric Vehicle Charging
  • Unified Power Quality Controller (UPQC)
  • Photovoltaic System
  • Others
Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Frequently Asked Questions

Solid State Transformer Market Predicted to 18.4% CAGR during the Forecast Period.

Solid State Transformer Market Forecast Till 2031

The Players Involved in the Solid State Transformer Market ABB, Eaton Corporation plc. General Electric, Synergy Transformers, and others.

Rising Demand for Solid State Transformers for Smart Grid

The Solid State Transformer Market Would be of US$ 1.48 Bn By 2031

1. Global Solid State Transformer Market - Executive Summary

    1.1. Global Solid State Transformer Market Country Analysis

    1.2. Competition Blueprint

    1.3. Technology Time Line Mapping

    1.4. TMR Analysis and Recommendations

2. Market Overview

    2.1. Market Introduction

    2.2. Market Definition

    2.3. Market Taxonomy

3. Market Dynamics

    3.1. Macro-economic Factors

    3.2. Drivers

        3.2.1. Economic Drivers

        3.2.2. Supply Side Drivers

        3.2.3. Demand Side Drivers

    3.3. Market Restraints

    3.4. Market Trends

    3.5. Trend Analysis- Impact on Time Line (2021-2031)

    3.6. Key Regulations By Regions

4. Associated Industry and Key Indicator Assessment

    4.1. Parent Industry Overview

    4.2. Supply Chain Analysis

        4.2.1. Profitability and Gross Margin Analysis, by Competition

        4.2.2. List of Active Participants- By Region

            4.2.2.1. Raw Material Suppliers

            4.2.2.2. Key Manufacturers

            4.2.2.3. Integrators

            4.2.2.4. Key Distributor/Retailers

    4.3. Technology Roadmap Analysis

    4.4. Porter Five Forces Analysis

5. Global Solid State Transformer Market Pricing Analysis

    5.1. Price Point Assessment by Type

    5.2. Regional Average Pricing Analysis

        5.2.1. North America

        5.2.2. Europe

        5.2.3. Asia Pacific

        5.2.4. Middle East & Africa

        5.2.5. South America

    5.3. Price Forecast till 2030

    5.4. Factors Influencing Pricing

6. Global Solid State Transformer Market Analysis and Forecast

    6.1. Market Size Analysis (2017-2020) and Forecast (2021-2031)

        6.1.1. Market Value (US$ Mn) and Y-o-Y Growth

    6.2. Global Solid State Transformer Market Scenario Forecast (Optimistic, Likely and Conservative Market Conditions)

        6.2.1. Forecast Factors and Relevance of Impact

        6.2.2. Regional Solid State Transformer Market Business Performance Summary

7. Global Solid State Transformer Market Analysis, by Type

    7.1. Introduction

        7.1.1. Y-o-Y Growth Comparison By Type

    7.2. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Type, 2017-2031

        7.2.1. Distribution SST

        7.2.2. Traction SST

        7.2.3. Power SST

    7.3. Market Attractiveness Analysis, by Type

8. Global Solid State Transformer Market Analysis, by Component

    8.1. Introduction

        8.1.1. Y-o-Y Growth Comparison By Component

    8.2. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Component, 2017-2031

        8.2.1. Converters

        8.2.2. Switches

        8.2.3. High-frequency Transformers

        8.2.4. Others

    8.3. Market Attractiveness Analysis, by Component

9. Global Solid State Transformer Market Analysis, by Application

    9.1. Introduction

        9.1.1. Y-o-Y Growth Comparison By Application

    9.2. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Application, 2017-2031

        9.2.1. Alternate Power Generation

        9.2.2. Traction Locomotives

        9.2.3. Power Distribution

        9.2.4. Electric Vehicle Charging

        9.2.5. Unified Power Quality Controller (UPQC)

        9.2.6. Photovoltaic System

        9.2.7. Others

    9.3. Market Attractiveness Analysis, by Application

10. Global Solid State Transformer Market Analysis and Forecast, by Region

    10.1. Introduction

        10.1.1. Basis Point Share (BPS) Analysis, by Region

    10.2. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Region, 2017-2031

        10.2.1. North America

        10.2.2. Europe

        10.2.3. Asia Pacific

        10.2.4. Middle East & Africa

        10.2.5. South America

    10.3. Market Attractiveness Analysis, by Region

11. North America Solid State Transformer Market Analysis and Forecast

    11.1. Introduction

    11.2. Drivers and Restraints: Impact Analysis

    11.3. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Type, 2017-2031

        11.3.1. Distribution SST

        11.3.2. Traction SST

        11.3.3. Power SST

    11.4. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Component, 2017-2031

        11.4.1. Converters

        11.4.2. Switches

        11.4.3. High-frequency Transformers

        11.4.4. Others

    11.5. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Application, 2017-2031

        11.5.1. Alternate Power Generation

        11.5.2. Traction Locomotives

        11.5.3. Power Distribution

        11.5.4. Electric Vehicle Charging

        11.5.5. Unified Power Quality Controller (UPQC)

        11.5.6. Photovoltaic System

        11.5.7. Others

    11.6. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Country, 2017-2031

        11.6.1. U.S.

        11.6.2. Canada

        11.6.3. Mexico

    11.7. Market Attractiveness Analysis

        11.7.1. By Type

        11.7.2. By Component

        11.7.3. By Application

        11.7.4. By Country

12. Europe Solid State Transformer Market Analysis and Forecast

    12.1. Introduction

    12.2. Drivers and Restraints: Impact Analysis

    12.3. Solid State Transformer Market Size (US$ Mn)) Analysis & Forecast, by Type, 2017-2031

        12.3.1. Distribution SST

        12.3.2. Traction SST

        12.3.3. Power SST

    12.4. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Component, 2017-2031

        12.4.1. Converters

        12.4.2. Switches

        12.4.3. High-frequency Transformers

        12.4.4. Others

    12.5. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Application, 2017-2031

        12.5.1. Alternate Power Generation

        12.5.2. Traction Locomotives

        12.5.3. Power Distribution

        12.5.4. Electric Vehicle Charging

        12.5.5. Unified Power Quality Controller (UPQC)

        12.5.6. Photovoltaic System

        12.5.7. Others

    12.6. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017-2031

        12.6.1. U.K.

        12.6.2. Germany

        12.6.3. France

        12.6.4. Italy

        12.6.5. Russia

        12.6.6. Rest of Europe

    12.7. Market Attractiveness Analysis

        12.7.1. By Type

        12.7.2. By Component

        12.7.3. By Application

        12.7.4. By Country & Sub-region

13. Asia Pacific Solid State Transformer Market Analysis and Forecast

    13.1. Introduction

    13.2. Drivers and Restraints: Impact Analysis

    13.3. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Type, 2017-2031

        13.3.1. Distribution SST

        13.3.2. Traction SST

        13.3.3. Power SST

    13.4. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Component, 2017-2031

        13.4.1. Converters

        13.4.2. Switches

        13.4.3. High-frequency Transformers

        13.4.4. Others

    13.5. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Application, 2017-2031

        13.5.1. Alternate Power Generation

        13.5.2. Traction Locomotives

        13.5.3. Power Distribution

        13.5.4. Electric Vehicle Charging

        13.5.5. Unified Power Quality Controller (UPQC)

        13.5.6. Photovoltaic System

        13.5.7. Others

    13.6. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017-2031

        13.6.1. China

        13.6.2. India

        13.6.3. Japan

        13.6.4. South Korea

        13.6.5. ASEAN

        13.6.6. Rest of Asia Pacific

    13.7. Market Attractiveness Analysis

        13.7.1. By Type

        13.7.2. By Component

        13.7.3. By Application

        13.7.4. By Country & Sub-region

14. Middle East & Africa (MEA) Solid State Transformer Market Analysis and Forecast

    14.1. Introduction

    14.2. Drivers and Restraints: Impact Analysis

    14.3. Solid State Transformer Market Size (US$ Mn)) Analysis & Forecast, by Type, 2017-2031

        14.3.1. Distribution SST

        14.3.2. Traction SST

        14.3.3. Power SST

    14.4. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Component, 2017-2031

        14.4.1. Converters

        14.4.2. Switches

        14.4.3. High-frequency Transformers

        14.4.4. Others

    14.5. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Application, 2017-2031

        14.5.1. Alternate Power Generation

        14.5.2. Traction Locomotives

        14.5.3. Power Distribution

        14.5.4. Electric Vehicle Charging

        14.5.5. Unified Power Quality Controller (UPQC)

        14.5.6. Photovoltaic System

        14.5.7. Others

    14.6. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017-2031

        14.6.1. GCC

        14.6.2. South Africa

        14.6.3. North Africa

        14.6.4. Rest of Middle East & Africa

    14.7. Market Attractiveness Analysis

        14.7.1. By Type

        14.7.2. By Component

        14.7.3. By Application

        14.7.4. By Country & Sub-region

15. South America Solid State Transformer Market Analysis and Forecast

    15.1. Introduction

    15.2. Drivers and Restraints: Impact Analysis

    15.3. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Type, 2017-2031

        15.3.1. Distribution SST

        15.3.2. Traction SST

        15.3.3. Power SST

    15.4. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Component, 2017-2031

        15.4.1. Converters

        15.4.2. Switches

        15.4.3. High-frequency Transformers

        15.4.4. Others

    15.5. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Application, 2017-2031

        15.5.1. Alternate Power Generation

        15.5.2. Traction Locomotives

        15.5.3. Power Distribution

        15.5.4. Electric Vehicle Charging

        15.5.5. Unified Power Quality Controller (UPQC)

        15.5.6. Photovoltaic System

        15.5.7. Others

    15.6. Solid State Transformer Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017-2031

        15.6.1. Brazil

        15.6.2. Argentina

        15.6.3. Rest of South America

    15.7. Market Attractiveness Analysis

        15.7.1. By Type

        15.7.2. By Component

        15.7.3. By Application

        15.7.4. By Country & Sub-region

16. Competition Assessment

    16.1. Global Solid State Transformer Market Competition - a Dashboard View

    16.2. Global Solid State Transformer Market Structure Analysis

    16.3. Global Solid State Transformer Market Company Share Analysis, by Value (2020)

    16.4. Key Participants Market Presence (Intensity Mapping), by Region

17. Competition Deep-dive (Manufacturers/Suppliers)

    17.1. ABB

        17.1.1. Overview

        17.1.2. Product Portfolio

        17.1.3. Sales Footprint

        17.1.4. Channel Footprint

            17.1.4.1. Distributors List

        17.1.5. Strategy Overview

            17.1.5.1. Marketing Strategy

            17.1.5.2. Culture Strategy

            17.1.5.3. Channel Strategy

        17.1.6. SWOT Analysis

        17.1.7. Financial Analysis

        17.1.8. Revenue Share

            17.1.8.1. By Region

        17.1.9. Key Clients

        17.1.10. Analyst Comments

    17.2. Eaton

        17.2.1. Overview

        17.2.2. Product Portfolio

        17.2.3. Sales Footprint

        17.2.4. Channel Footprint

            17.2.4.1. Distributors List

        17.2.5. Strategy Overview

            17.2.5.1. Marketing Strategy

            17.2.5.2. Culture Strategy

            17.2.5.3. Channel Strategy

        17.2.6. SWOT Analysis

        17.2.7. Financial Analysis

        17.2.8. Revenue Share

            17.2.8.1. By Region

        17.2.9. Key Clients

        17.2.10. Analyst Comments

    17.3. General Electric

        17.3.1. Overview

        17.3.2. Product Portfolio

        17.3.3. Sales Footprint

        17.3.4. Channel Footprint

            17.3.4.1. Distributors List

        17.3.5. Strategy Overview

            17.3.5.1. Marketing Strategy

            17.3.5.2. Culture Strategy

            17.3.5.3. Channel Strategy

        17.3.6. SWOT Analysis

        17.3.7. Financial Analysis

        17.3.8. Revenue Share

            17.3.8.1. By Region

        17.3.9. Key Clients

        17.3.10. Analyst Comments

    17.4. Mitsubishi Electric Corporation

        17.4.1. Overview

        17.4.2. Product Portfolio

        17.4.3. Sales Footprint

        17.4.4. Channel Footprint

            17.4.4.1. Distributors List

        17.4.5. Strategy Overview

            17.4.5.1. Marketing Strategy

            17.4.5.2. Culture Strategy

            17.4.5.3. Channel Strategy

        17.4.6. SWOT Analysis

        17.4.7. Financial Analysis

        17.4.8. Revenue Share

            17.4.8.1. By Region

        17.4.9. Key Clients

        17.4.10. Analyst Comments

    17.5. Schneider Electric

        17.5.1. Overview

        17.5.2. Product Portfolio

        17.5.3. Sales Footprint

        17.5.4. Channel Footprint

            17.5.4.1. Distributors List

        17.5.5. Strategy Overview

            17.5.5.1. Marketing Strategy

            17.5.5.2. Culture Strategy

            17.5.5.3. Channel Strategy

        17.5.6. SWOT Analysis

        17.5.7. Financial Analysis

        17.5.8. Revenue Share

            17.5.8.1. By Region

        17.5.9. Key Clients

        17.5.10. Analyst Comments

    17.6. Siemens AG

        17.6.1. Overview

        17.6.2. Product Portfolio

        17.6.3. Sales Footprint

        17.6.4. Channel Footprint

            17.6.4.1. Distributors List

        17.6.5. Strategy Overview

            17.6.5.1. Marketing Strategy

            17.6.5.2. Culture Strategy

            17.6.5.3. Channel Strategy

        17.6.6. SWOT Analysis

        17.6.7. Financial Analysis

        17.6.8. Revenue Share

            17.6.8.1. By Region

        17.6.9. Key Clients

        17.6.10. Analyst Comments

    17.7. Kirloskar Electric Company

        17.7.1. Overview

        17.7.2. Product Portfolio

        17.7.3. Sales Footprint

        17.7.4. Channel Footprint

            17.7.4.1. Distributors List

        17.7.5. Strategy Overview

            17.7.5.1. Marketing Strategy

            17.7.5.2. Culture Strategy

            17.7.5.3. Channel Strategy

        17.7.6. SWOT Analysis

        17.7.7. Financial Analysis

        17.7.8. Revenue Share

            17.7.8.1. By Region

        17.7.9. Key Clients

        17.7.10. Analyst Comments

    17.8. Synergy Transformers

        17.8.1. Overview

        17.8.2. Product Portfolio

        17.8.3. Sales Footprint

        17.8.4. Channel Footprint

            17.8.4.1. Distributors List

        17.8.5. Strategy Overview

            17.8.5.1. Marketing Strategy

            17.8.5.2. Culture Strategy

            17.8.5.3. Channel Strategy

        17.8.6. SWOT Analysis

        17.8.7. Financial Analysis

        17.8.8. Revenue Share

            17.8.8.1. By Region

        17.8.9. Key Clients

        17.8.10. Analyst Comments

    17.9. SPX Transformer Solutions

        17.9.1. Overview

        17.9.2. Product Portfolio

        17.9.3. Sales Footprint

        17.9.4. Channel Footprint

            17.9.4.1. Distributors List

        17.9.5. Strategy Overview

            17.9.5.1. Marketing Strategy

            17.9.5.2. Culture Strategy

            17.9.5.3. Channel Strategy

        17.9.6. SWOT Analysis

        17.9.7. Financial Analysis

        17.9.8. Revenue Share

            17.9.8.1. By Region

        17.9.9. Key Clients

        17.9.10. Analyst Comments

    17.10. ERMCO

        17.10.1. Overview

        17.10.2. Product Portfolio

        17.10.3. Sales Footprint

        17.10.4. Channel Footprint

            17.10.4.1. Distributors List

        17.10.5. Strategy Overview

            17.10.5.1. Marketing Strategy

            17.10.5.2. Culture Strategy

            17.10.5.3. Channel Strategy

        17.10.6. SWOT Analysis

        17.10.7. Financial Analysis

        17.10.8. Revenue Share

            17.10.8.1. By Region

        17.10.9. Key Clients

        17.10.10. Analyst Comments

    17.11. Alstom SA

        17.11.1. Overview

        17.11.2. Product Portfolio

        17.11.3. Sales Footprint

        17.11.4. Channel Footprint

            17.11.4.1. Distributors List

        17.11.5. Strategy Overview

            17.11.5.1. Marketing Strategy

            17.11.5.2. Culture Strategy

            17.11.5.3. Channel Strategy

        17.11.6. SWOT Analysis

        17.11.7. Financial Analysis

        17.11.8. Revenue Share

            17.11.8.1. By Region

        17.11.9. Key Clients

        17.11.10. Analyst Comments

    17.12. Maschinenfabrik Reinhausen GmbH

        17.12.1. Overview

        17.12.2. Product Portfolio

        17.12.3. Sales Footprint

        17.12.4. Channel Footprint

            17.12.4.1. Distributors List

        17.12.5. Strategy Overview

            17.12.5.1. Marketing Strategy

            17.12.5.2. Culture Strategy

            17.12.5.3. Channel Strategy

        17.12.6. SWOT Analysis

        17.12.7. Financial Analysis

        17.12.8. Revenue Share

            17.12.8.1. By Region

        17.12.9. Key Clients

        17.12.10. Analyst Comments

18. Recommendation- Critical Success Factors

19. Research Methodology

20. Assumptions & Acronyms Used

List of Tables

Table 1: Global Solid State Transformer Market Revenue (US$ Mn), by Type, 2017–2031

Table 2: Global Solid State Transformer Market Revenue (US$ Mn), by Component, 2017–2031

Table 3: Global Solid State Transformer Market Revenue (US$ Mn), by Application, 2017–2031

Table 4: Global Solid State Transformer Market Revenue (US$ Mn), by Region, 2017–2031

Table 5: North America Solid State Transformer Market Revenue (US$ Mn), by Type, 2017–2031

Table 6: North America Solid State Transformer Market Revenue (US$ Mn), by Component, 2017–2031

Table 7: North America Solid State Transformer Market Revenue (US$ Mn), by Application, 2017–2031

Table 8: North America Solid State Transformer Market Revenue (US$ Mn), by Country, 2017–2031

Table 9: Europe Solid State Transformer Market Revenue (US$ Mn), by Type, 2017–2031

Table 10: Europe Solid State Transformer Market Revenue (US$ Mn), by Component, 2017–2031

Table 11: Europe Solid State Transformer Market Revenue (US$ Mn), by Application, 2017–2031

Table 12: Europe Solid State Transformer Market Revenue (US$ Mn), by Country & Sub-region, 2017–2031

Table 13: Asia Pacific Solid State Transformer Market Revenue (US$ Mn), by Type, 2017–2031

Table 14: Asia Pacific Solid State Transformer Market Revenue (US$ Mn), by Component, 2017–2031

Table 15: Asia Pacific Solid State Transformer Market Revenue (US$ Mn), by Application, 2017–2031

Table 16: Asia Pacific Solid State Transformer Market Revenue (US$ Mn), by Country & Sub-region, 2017–2031

Table 17: Middle East & Africa Solid State Transformer Market Revenue (US$ Mn), by Type, 2017–2031

Table 18: Middle East & Africa Solid State Transformer Market Revenue (US$ Mn), by Component, 2017–2031

Table 19: Middle East & Africa Solid State Transformer Market Revenue (US$ Mn), by Application, 2017–2031

Table 20: Middle East & Africa Solid State Transformer Market Revenue (US$ Mn), by Country & Sub-region, 2017–2031

Table 21: South America Solid State Transformer Market Revenue (US$ Mn), by Type, 2017–2031

Table 22: South America Solid State Transformer Market Revenue (US$ Mn), by Component, 2017–2031

Table 23: South America Solid State Transformer Market Revenue (US$ Mn), by Application, 2017–2031

Table 24: South America Solid State Transformer Market Revenue (US$ Mn), by Country & Sub-region, 2017–2031

List of Figures

Figure 1: Global Solid State Transformer Market Value (USD Mn) Forecast, 2021–2031

Figure 2: Global Solid State Transformer Market Revenue Projection and Y-o-Y Growth, 2017–2031 (US$ Mn and %)

Figure 3: Global Solid State Transformer Market, by Distribution SST

Figure 4: Global Solid State Transformer Market, by Traction SST

Figure 5: Global Solid State Transformer Market, by Power SST

Figure 6: Global Solid State Transformer Market Comparison Matrix, by Type

Figure 7: Global Solid State Transformer Market Attractiveness Analysis, by Type

Figure 8: Global Solid State Transformer Market, by Converters

Figure 9: Global Solid State Transformer Market, by Switches

Figure 10: Global Solid State Transformer Market, by High-frequency Transformers

Figure 11: Global Solid State Transformer Market, by Others

Figure 12: Global Solid State Transformer Market Comparison Matrix, by Component

Figure 13: Global Solid State Transformer Market Attractiveness Analysis, by Component

Figure 14: Global Solid State Transformer Market, by Alternate Power Generation

Figure 15: Global Solid State Transformer Market, by Traction Locomotives

Figure 16: Global Solid State Transformer Market, by Power Distribution

Figure 17: Global Solid State Transformer Market, by Electric Vehicle Charging

Figure 18: Global Solid State Transformer Market, by Unified Power Quality Controller (UPQC)

Figure 19: Global Solid State Transformer Market, by Photovoltaic System

Figure 20: Global Solid State Transformer Market, by Others

Figure 21: Global Solid State Transformer Market Comparison Matrix, by Application

Figure 22: Global Solid State Transformer Market Attractiveness Analysis, by Application

Figure 23: Global Solid State Transformer Market Value Share Analysis, by Region (2021E)

Figure 24: Global Solid State Transformer Market Value Share Analysis, by Region (2031F)

Figure 25: Global Solid State Transformer Market Attractiveness Analysis, by Region

Figure 26: North America Solid State Transformer Market Revenue Projection and Y-o-Y Growth, 2017–2031 (US$ Mn and %)

Figure 27: North America Solid State Transformer Market Value Share Analysis, by Type (2021)

Figure 28: North America Solid State Transformer Market Value Share Analysis, by Type (2031)

Figure 29: North America Solid State Transformer Market Value Share Analysis, by Component (2021)

Figure 30: North America Solid State Transformer Market Value Share Analysis, by Component (2031)

Figure 31: North America Solid State Transformer Market Value Share Analysis, by Application (2021)

Figure 32: North America Solid State Transformer Market Value Share Analysis, by Application (2031)

Figure 33: North America Solid State Transformer Market Value Share Analysis, by Country (2021)

Figure 34: North America Solid State Transformer Market Value Share Analysis, by Country (2031)

Figure 35: North America Solid State Transformer Market Attractiveness Analysis, by Type

Figure 36: North America Solid State Transformer Market Attractiveness Analysis, by Component

Figure 37: North America Solid State Transformer Market Attractiveness Analysis, by Application

Figure 38: North America Solid State Transformer Market Attractiveness Analysis, by Country

Figure 39: Europe Solid State Transformer Market Revenue Projection and Y-o-Y Growth, 2017–2031 (US$ Mn and %)

Figure 40: Europe Solid State Transformer Market Value Share Analysis, by Type (2021)

Figure 41: Europe Solid State Transformer Market Value Share Analysis, by Type (2031)

Figure 42: Europe Solid State Transformer Market Value Share Analysis, by Component (2021)

Figure 43: Europe Solid State Transformer Market Value Share Analysis, by Component (2031)

Figure 44: Europe Solid State Transformer Market Value Share Analysis, by Application (2021)

Figure 45: Europe Solid State Transformer Market Value Share Analysis, by Application (2031)

Figure 46: Europe Solid State Transformer Market Value Share Analysis, by Country & Sub-region (2021)

Figure 47: Europe Solid State Transformer Market Value Share Analysis, by Country & Sub-region (2031)

Figure 48: Europe Solid State Transformer Market Attractiveness Analysis, by Type

Figure 49: Europe Solid State Transformer Market Attractiveness Analysis, by Component

Figure 50: Europe Solid State Transformer Market Attractiveness Analysis, by Application

Figure 51: Europe Solid State Transformer Market Attractiveness Analysis, by Country & Sub-region

Figure 52: Asia Pacific Solid State Transformer Market Revenue Projection and Y-o-Y Growth, 2017–2031 (US$ Mn and %)

Figure 53: Asia Pacific Solid State Transformer Market Value Share Analysis, by Type (2021)

Figure 54: Asia Pacific Solid State Transformer Market Value Share Analysis, by Type (2031)

Figure 55: Asia Pacific Solid State Transformer Market Value Share Analysis, by Component (2021)

Figure 56: Asia Pacific Solid State Transformer Market Value Share Analysis, by Component (2031)

Figure 57: Asia Pacific Solid State Transformer Market Value Share Analysis, by Application (2021)

Figure 58: Asia Pacific Solid State Transformer Market Value Share Analysis, by Application (2031)

Figure 59: Asia Pacific Solid State Transformer Market Value Share Analysis, by Country & Sub-region (2021)

Figure 60: Asia Pacific Solid State Transformer Market Value Share Analysis, by Country & Sub-region (2031)

Figure 61: Asia Pacific Solid State Transformer Market Attractiveness Analysis, by Type

Figure 62: Asia Pacific Solid State Transformer Market Attractiveness Analysis, by Component

Figure 63: Asia Pacific Solid State Transformer Market Attractiveness Analysis, by Application

Figure 64: Asia Pacific Solid State Transformer Market Attractiveness Analysis, by Country & Sub-region

Figure 65: Middle East & Africa Solid State Transformer Market Revenue Projection and Y-o-Y Growth, 2017–2031 (US$ Mn and %)

Figure 66: Middle East & Africa Solid State Transformer Market Value Share Analysis, by Type (2021)

Figure 67: Middle East & Africa Solid State Transformer Market Value Share Analysis, by Type (2031)

Figure 68: Middle East & Africa Solid State Transformer Market Value Share Analysis, by Component (2021)

Figure 69: Middle East & Africa Solid State Transformer Market Value Share Analysis, by Component (2031)

Figure 70: Middle East & Africa Solid State Transformer Market Value Share Analysis, by Application (2021)

Figure 71: Middle East & Africa Solid State Transformer Market Value Share Analysis, by Application (2031)

Figure 72: Middle East & Africa Solid State Transformer Market Value Share Analysis, by Country & Sub-region (2021)

Figure 73: Middle East & Africa Solid State Transformer Market Value Share Analysis, by Country & Sub-region (2031)

Figure 74: Middle East & Africa Solid State Transformer Market Attractiveness Analysis, by Type

Figure 75: Middle East & Africa Solid State Transformer Market Attractiveness Analysis, by Component

Figure 76: Middle East & Africa Solid State Transformer Market Attractiveness Analysis, by Application

Figure 77: Middle East & Africa Solid State Transformer Market Attractiveness Analysis, by Country & Sub-region

Figure 78: South America Solid State Transformer Market Revenue Projection and Y-o-Y Growth, 2017–2031 (US$ Mn and %)

Figure 79: South America Solid State Transformer Market Value Share Analysis, by Type (2021)

Figure 80: South America Solid State Transformer Market Value Share Analysis, by Type (2031)

Figure 81: South America Solid State Transformer Market Value Share Analysis, by Component (2021)

Figure 82: South America Solid State Transformer Market Value Share Analysis, by Component (2031)

Figure 83: South America Solid State Transformer Market Value Share Analysis, by Application (2021)

Figure 84: South America Solid State Transformer Market Value Share Analysis, by Application (2031)

Figure 85: South America Solid State Transformer Market Value Share Analysis, by Country & Sub-region (2021)

Figure 86: South America Solid State Transformer Market Value Share Analysis, by Country & Sub-region (2031)

Figure 87: South America Solid State Transformer Market Attractiveness Analysis, by Type

Figure 88: South America Solid State Transformer Market Attractiveness Analysis, by Component

Figure 89: South America Solid State Transformer Market Attractiveness Analysis, by Application

Figure 90: South America Solid State Transformer Market Attractiveness Analysis, by Country & Sub-region

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Solid State Transformer Market