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Solid State (Smart) Transformer Market Trends and Global Forecasts to 2020.

The growth of the Solid state (smart) transformer market is expected to be exponential; in 2020 the market is expected to reach $ 5,043.39 million at a CAGR of 82.3% from 2012 to 2020. The report is segmented into four major geographical regions; namely Americas, Europe, Asia-Pacific, and Rest of the World.

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Solid State (Smart) Transformer Market Trends and Global Forecasts to 2020.

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  1. MarketsandMarkets Presents Global Solid State (Smart) Transformer Market worth $ 5,043.39 Million by 2020 http://www.marketsandmarkets.com/Market-Reports/solid-state-transformer-market-774.html

  2. According to the market research report “Solid State (Smart) Transformer Market – Global Forecast & Analysis (2012 – 2020) By Application (Smart Grid, Traction Locomotives, Electric Vehicle Charging Stations, Others), Component (Switches, High frequency Transformers, Converters, Others) & Geography” published by MarketsandMarkets (www.marketsandmarkets.com), the total solid state transformers applications market is expected to reach $ 5,043.39 million at a CAGR of 82.3% from 2012 to 2020. Browse: 92 market data tables 49 figures 228 pages in-depth TOC on “Global Solid State (Smart) Transformer Market” http://www.marketsandmarkets.com/Market-Reports/solid-state-transformer-market-774.html Early buyers will receive 10% customization of  reports.

  3. Solid state transformers are mainly made up of power electronics-based components, also known as power devices. These devices are used to convert the characteristics (magnitude or frequency of voltage and current) of electric power to match or befit a particular application. Thus, they work on the basis of interdisciplinary technology. Power electronics has reduced the size of solid state transformers significantly. Reduction in size has increased the user-ability and flexibility of the products thereof. Solid state transformer has a capability to operate at higher frequency range. Its physical size and weight ratio to the legacy transformer is more than 1:100. Solid state transformers have many advantages as compared to traditional transformers. Some of them are bidirectional power flow, high efficiency, high power quality, high flexibility, and low maintenance cost.

  4. The market segmentation revolves around the four major market parameters, namely components, applications, technology, and geography. Solid state transformers are being developed for some special applications like power grids, traction locomotives, electric charging stations, and others. The most notable application of solid state transformers is distribution system in the power grid. • Solid State Transformer has a very niche market. Solid State Transformer has high potential on the distribution side of electricity transmission. The distribution of solid state transformer market is in introductory phase, and expected to witness exponential growth in the next 2 to 3 years. Traction transformer offers a great market opportunity to the solid state transformers. It has already been tested successfully in a couple of places in Europe and U.S. As such, in near future, SST would be used in traction transformers on a major scale.

  5. Taking the geography into consideration, U.S. would be the largest market for solid state (smart) transformers. Smart grids and electric vehicle charging application deploying SSTs, will have a phenomenal market in the U.S. for the next two years. Europe will lead traction locomotives application of SST as the major chunk of testing for solid state traction transformers has happened in Europe, Swiss federal railways, being a noted name in this regard. The major players in the solid state transformers market include ABB (Switzerland), Siemens AG (Germany), Schneider Electric SA (France), Alstom (France), Avago Technologies Limited (U.S.), Bombardier Inc (Canada) ,Cooper power systems (U.S.), Mitsubishi electric Corporation (Japan) , CREE Inc (U.S.) , Infineon Technologies (Germany), STMicroelectronics (U.S.), SPX Transformers (U.S.), GE (U.S.), Duke energy (U.S.), Plasmatechnics Inc. (U.S.), Selco (U.S.), Varentec (U.S.), and Gridco Systems (U.S.).

  6. About Marketsandmarkets : MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact us : Mr. Rohan North - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252Tel: +1-888-6006-441 sales@marketsandmarkets.com

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