Global Solid State Transformers (SST) Market Growth (Status and Outlook) 2023-2029

Publisher Name :
Date: 06-Jan-2023
No. of pages: 60

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.

LPI (LP Information)' newest research report, the "Solid State Transformers (SST) Industry Forecast" looks at past sales and reviews total world Solid State Transformers (SST) sales in 2022, providing a comprehensive analysis by region and market sector of projected Solid State Transformers (SST) sales for 2023 through 2029. With Solid State Transformers (SST) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solid State Transformers (SST) industry.

This Insight Report provides a comprehensive analysis of the global Solid State Transformers (SST) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solid State Transformers (SST) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solid State Transformers (SST) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solid State Transformers (SST) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solid State Transformers (SST).

The global Solid State Transformers (SST) market size is projected to grow from US$ 291.5 million in 2022 to US$ 1229.1 million in 2029; it is expected to grow at a CAGR of 22.8% from 2023 to 2029.

The major players in global Solid State Transformers (SST) market include ABB, Siemens, General electric, etc. North America, Asia-Pacific and Europe are main markets. Two-stage and Three-stage are two main types, with a share about 90%. Alternative Power Generation and Smart Grid are two key applications, which hold a share about 70%.

This report presents a comprehensive overview, market shares, and growth opportunities of Solid State Transformers (SST) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

- Single-stage

- Two-stage

- Three-stage

Segmentation by application

- Alternative Power Generation

- Smart Grid

- Traction Locomotives

- EV Charging

- Others

This report also splits the market by region:

- Americas

- - United States

- - Canada

- - Mexico

- - Brazil

- APAC

- - China

- - Japan

- - Korea

- - Southeast Asia

- - India

- - Australia

- Europe

- - Germany

- - France

- - UK

- - Italy

- - Russia

- Middle East & Africa

- - Egypt

- - South Africa

- - Israel

- - Turkey

- - GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

- ABB

- Siemens

- General electric

Global Solid State Transformers (SST) Market Growth (Status and Outlook) 2023-2029

Table of Contents

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Solid State Transformers (SST) Market Size 2018-2029
2.1.2 Solid State Transformers (SST) Market Size CAGR by Region 2018 VS 2022 VS 2029
2.2 Solid State Transformers (SST) Segment by Type
2.2.1 Single-stage
2.2.2 Two-stage
2.2.3 Three-stage
2.3 Solid State Transformers (SST) Market Size by Type
2.3.1 Solid State Transformers (SST) Market Size CAGR by Type (2018 VS 2022 VS 2029)
2.3.2 Global Solid State Transformers (SST) Market Size Market Share by Type (2018-2023)
2.4 Solid State Transformers (SST) Segment by Application
2.4.1 Alternative Power Generation
2.4.2 Smart Grid
2.4.3 Traction Locomotives
2.4.4 EV Charging
2.4.5 Others
2.5 Solid State Transformers (SST) Market Size by Application
2.5.1 Solid State Transformers (SST) Market Size CAGR by Application (2018 VS 2022 VS 2029)
2.5.2 Global Solid State Transformers (SST) Market Size Market Share by Application (2018-2023)
3 Solid State Transformers (SST) Market Size by Player
3.1 Solid State Transformers (SST) Market Size Market Share by Players
3.1.1 Global Solid State Transformers (SST) Revenue by Players (2018-2023)
3.1.2 Global Solid State Transformers (SST) Revenue Market Share by Players (2018-2023)
3.2 Global Solid State Transformers (SST) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Solid State Transformers (SST) by Regions
4.1 Solid State Transformers (SST) Market Size by Regions (2018-2023)
4.2 Americas Solid State Transformers (SST) Market Size Growth (2018-2023)
4.3 APAC Solid State Transformers (SST) Market Size Growth (2018-2023)
4.4 Europe Solid State Transformers (SST) Market Size Growth (2018-2023)
4.5 Middle East & Africa Solid State Transformers (SST) Market Size Growth (2018-2023)
5 Americas
5.1 Americas Solid State Transformers (SST) Market Size by Country (2018-2023)
5.2 Americas Solid State Transformers (SST) Market Size by Type (2018-2023)
5.3 Americas Solid State Transformers (SST) Market Size by Application (2018-2023)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solid State Transformers (SST) Market Size by Region (2018-2023)
6.2 APAC Solid State Transformers (SST) Market Size by Type (2018-2023)
6.3 APAC Solid State Transformers (SST) Market Size by Application (2018-2023)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Solid State Transformers (SST) by Country (2018-2023)
7.2 Europe Solid State Transformers (SST) Market Size by Type (2018-2023)
7.3 Europe Solid State Transformers (SST) Market Size by Application (2018-2023)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Solid State Transformers (SST) by Region (2018-2023)
8.2 Middle East & Africa Solid State Transformers (SST) Market Size by Type (2018-2023)
8.3 Middle East & Africa Solid State Transformers (SST) Market Size by Application (2018-2023)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Solid State Transformers (SST) Market Forecast
10.1 Global Solid State Transformers (SST) Forecast by Regions (2024-2029)
10.1.1 Global Solid State Transformers (SST) Forecast by Regions (2024-2029)
10.1.2 Americas Solid State Transformers (SST) Forecast
10.1.3 APAC Solid State Transformers (SST) Forecast
10.1.4 Europe Solid State Transformers (SST) Forecast
10.1.5 Middle East & Africa Solid State Transformers (SST) Forecast
10.2 Americas Solid State Transformers (SST) Forecast by Country (2024-2029)
10.2.1 United States Solid State Transformers (SST) Market Forecast
10.2.2 Canada Solid State Transformers (SST) Market Forecast
10.2.3 Mexico Solid State Transformers (SST) Market Forecast
10.2.4 Brazil Solid State Transformers (SST) Market Forecast
10.3 APAC Solid State Transformers (SST) Forecast by Region (2024-2029)
10.3.1 China Solid State Transformers (SST) Market Forecast
10.3.2 Japan Solid State Transformers (SST) Market Forecast
10.3.3 Korea Solid State Transformers (SST) Market Forecast
10.3.4 Southeast Asia Solid State Transformers (SST) Market Forecast
10.3.5 India Solid State Transformers (SST) Market Forecast
10.3.6 Australia Solid State Transformers (SST) Market Forecast
10.4 Europe Solid State Transformers (SST) Forecast by Country (2024-2029)
10.4.1 Germany Solid State Transformers (SST) Market Forecast
10.4.2 France Solid State Transformers (SST) Market Forecast
10.4.3 UK Solid State Transformers (SST) Market Forecast
10.4.4 Italy Solid State Transformers (SST) Market Forecast
10.4.5 Russia Solid State Transformers (SST) Market Forecast
10.5 Middle East & Africa Solid State Transformers (SST) Forecast by Region (2024-2029)
10.5.1 Egypt Solid State Transformers (SST) Market Forecast
10.5.2 South Africa Solid State Transformers (SST) Market Forecast
10.5.3 Israel Solid State Transformers (SST) Market Forecast
10.5.4 Turkey Solid State Transformers (SST) Market Forecast
10.5.5 GCC Countries Solid State Transformers (SST) Market Forecast
10.6 Global Solid State Transformers (SST) Forecast by Type (2024-2029)
10.7 Global Solid State Transformers (SST) Forecast by Application (2024-2029)

11 Key Players Analysis
11.1 ABB
11.1.1 ABB Company Information
11.1.2 ABB Solid State Transformers (SST) Product Offered
11.1.3 ABB Solid State Transformers (SST) Revenue, Gross Margin and Market Share (2018-2023)
11.1.4 ABB Main Business Overview
11.1.5 ABB Latest Developments
11.2 Siemens
11.2.1 Siemens Company Information
11.2.2 Siemens Solid State Transformers (SST) Product Offered
11.2.3 Siemens Solid State Transformers (SST) Revenue, Gross Margin and Market Share (2018-2023)
11.2.4 Siemens Main Business Overview
11.2.5 Siemens Latest Developments
11.3 General electric
11.3.1 General electric Company Information
11.3.2 General electric Solid State Transformers (SST) Product Offered
11.3.3 General electric Solid State Transformers (SST) Revenue, Gross Margin and Market Share (2018-2023)
11.3.4 General electric Main Business Overview
11.3.5 General electric Latest Developments
12 Research Findings and Conclusion

List of Tables
Table 1. Solid State Transformers (SST) Market Size CAGR by Region (2018 VS 2022 VS 2029) & ($ Millions)
Table 2. Major Players of Single-stage
Table 3. Major Players of Two-stage
Table 4. Major Players of Three-stage
Table 5. Solid State Transformers (SST) Market Size CAGR by Type (2018 VS 2022 VS 2029) & ($ Millions)
Table 6. Global Solid State Transformers (SST) Market Size by Type (2018-2023) & ($ Millions)
Table 7. Global Solid State Transformers (SST) Market Size Market Share by Type (2018-2023)
Table 8. Solid State Transformers (SST) Market Size CAGR by Application (2018 VS 2022 VS 2029) & ($ Millions)
Table 9. Global Solid State Transformers (SST) Market Size by Application (2018-2023) & ($ Millions)
Table 10. Global Solid State Transformers (SST) Market Size Market Share by Application (2018-2023)
Table 11. Global Solid State Transformers (SST) Revenue by Players (2018-2023) & ($ Millions)
Table 12. Global Solid State Transformers (SST) Revenue Market Share by Player (2018-2023)
Table 13. Solid State Transformers (SST) Key Players Head office and Products Offered
Table 14. Solid State Transformers (SST) Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
Table 15. New Products and Potential Entrants
Table 16. Mergers & Acquisitions, Expansion
Table 17. Global Solid State Transformers (SST) Market Size by Regions 2018-2023 & ($ Millions)
Table 18. Global Solid State Transformers (SST) Market Size Market Share by Regions (2018-2023)
Table 19. Global Solid State Transformers (SST) Revenue by Country/Region (2018-2023) & ($ millions)
Table 20. Global Solid State Transformers (SST) Revenue Market Share by Country/Region (2018-2023)
Table 21. Americas Solid State Transformers (SST) Market Size by Country (2018-2023) & ($ Millions)
Table 22. Americas Solid State Transformers (SST) Market Size Market Share by Country (2018-2023)
Table 23. Americas Solid State Transformers (SST) Market Size by Type (2018-2023) & ($ Millions)
Table 24. Americas Solid State Transformers (SST) Market Size Market Share by Type (2018-2023)
Table 25. Americas Solid State Transformers (SST) Market Size by Application (2018-2023) & ($ Millions)
Table 26. Americas Solid State Transformers (SST) Market Size Market Share by Application (2018-2023)
Table 27. APAC Solid State Transformers (SST) Market Size by Region (2018-2023) & ($ Millions)
Table 28. APAC Solid State Transformers (SST) Market Size Market Share by Region (2018-2023)
Table 29. APAC Solid State Transformers (SST) Market Size by Type (2018-2023) & ($ Millions)
Table 30. APAC Solid State Transformers (SST) Market Size Market Share by Type (2018-2023)
Table 31. APAC Solid State Transformers (SST) Market Size by Application (2018-2023) & ($ Millions)
Table 32. APAC Solid State Transformers (SST) Market Size Market Share by Application (2018-2023)
Table 33. Europe Solid State Transformers (SST) Market Size by Country (2018-2023) & ($ Millions)
Table 34. Europe Solid State Transformers (SST) Market Size Market Share by Country (2018-2023)
Table 35. Europe Solid State Transformers (SST) Market Size by Type (2018-2023) & ($ Millions)
Table 36. Europe Solid State Transformers (SST) Market Size Market Share by Type (2018-2023)
Table 37. Europe Solid State Transformers (SST) Market Size by Application (2018-2023) & ($ Millions)
Table 38. Europe Solid State Transformers (SST) Market Size Market Share by Application (2018-2023)
Table 39. Middle East & Africa Solid State Transformers (SST) Market Size by Region (2018-2023) & ($ Millions)
Table 40. Middle East & Africa Solid State Transformers (SST) Market Size Market Share by Region (2018-2023)
Table 41. Middle East & Africa Solid State Transformers (SST) Market Size by Type (2018-2023) & ($ Millions)
Table 42. Middle East & Africa Solid State Transformers (SST) Market Size Market Share by Type (2018-2023)
Table 43. Middle East & Africa Solid State Transformers (SST) Market Size by Application (2018-2023) & ($ Millions)
Table 44. Middle East & Africa Solid State Transformers (SST) Market Size Market Share by Application (2018-2023)
Table 45. Key Market Drivers & Growth Opportunities of Solid State Transformers (SST)
Table 46. Key Market Challenges & Risks of Solid State Transformers (SST)
Table 47. Key Industry Trends of Solid State Transformers (SST)
Table 48. Global Solid State Transformers (SST) Market Size Forecast by Regions (2024-2029) & ($ Millions)
Table 49. Global Solid State Transformers (SST) Market Size Market Share Forecast by Regions (2024-2029)
Table 50. Global Solid State Transformers (SST) Market Size Forecast by Type (2024-2029) & ($ Millions)
Table 51. Global Solid State Transformers (SST) Market Size Forecast by Application (2024-2029) & ($ Millions)
Table 52. ABB Details, Company Type, Solid State Transformers (SST) Area Served and Its Competitors
Table 53. ABB Solid State Transformers (SST) Product Offered
Table 54. ABB Solid State Transformers (SST) Revenue ($ million), Gross Margin and Market Share (2018-2023)
Table 55. ABB Main Business
Table 56. ABB Latest Developments
Table 57. Siemens Details, Company Type, Solid State Transformers (SST) Area Served and Its Competitors
Table 58. Siemens Solid State Transformers (SST) Product Offered
Table 59. Siemens Main Business
Table 60. Siemens Solid State Transformers (SST) Revenue ($ million), Gross Margin and Market Share (2018-2023)
Table 61. Siemens Latest Developments
Table 62. General electric Details, Company Type, Solid State Transformers (SST) Area Served and Its Competitors
Table 63. General electric Solid State Transformers (SST) Product Offered
Table 64. General electric Main Business
Table 65. General electric Solid State Transformers (SST) Revenue ($ million), Gross Margin and Market Share (2018-2023)
Table 66. General electric Latest Developments
List of Figures
Figure 1. Solid State Transformers (SST) Report Years Considered
Figure 2. Research Objectives
Figure 3. Research Methodology
Figure 4. Research Process and Data Source
Figure 5. Global Solid State Transformers (SST) Market Size Growth Rate 2018-2029 ($ Millions)
Figure 6. Solid State Transformers (SST) Sales by Geographic Region (2018, 2022 & 2029) & ($ millions)
Figure 7. Solid State Transformers (SST) Sales Market Share by Country/Region (2022)
Figure 8. Solid State Transformers (SST) Sales Market Share by Country/Region (2018, 2022 & 2029)
Figure 9. Global Solid State Transformers (SST) Market Size Market Share by Type in 2022
Figure 10. Solid State Transformers (SST) in Alternative Power Generation
Figure 11. Global Solid State Transformers (SST) Market: Alternative Power Generation (2018-2023) & ($ Millions)
Figure 12. Solid State Transformers (SST) in Smart Grid
Figure 13. Global Solid State Transformers (SST) Market: Smart Grid (2018-2023) & ($ Millions)
Figure 14. Solid State Transformers (SST) in Traction Locomotives
Figure 15. Global Solid State Transformers (SST) Market: Traction Locomotives (2018-2023) & ($ Millions)
Figure 16. Solid State Transformers (SST) in EV Charging
Figure 17. Global Solid State Transformers (SST) Market: EV Charging (2018-2023) & ($ Millions)
Figure 18. Solid State Transformers (SST) in Others
Figure 19. Global Solid State Transformers (SST) Market: Others (2018-2023) & ($ Millions)
Figure 20. Global Solid State Transformers (SST) Market Size Market Share by Application in 2022
Figure 21. Global Solid State Transformers (SST) Revenue Market Share by Player in 2022
Figure 22. Global Solid State Transformers (SST) Market Size Market Share by Regions (2018-2023)
Figure 23. Americas Solid State Transformers (SST) Market Size 2018-2023 ($ Millions)
Figure 24. APAC Solid State Transformers (SST) Market Size 2018-2023 ($ Millions)
Figure 25. Europe Solid State Transformers (SST) Market Size 2018-2023 ($ Millions)
Figure 26. Middle East & Africa Solid State Transformers (SST) Market Size 2018-2023 ($ Millions)
Figure 27. Americas Solid State Transformers (SST) Value Market Share by Country in 2022
Figure 28. United States Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 29. Canada Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 30. Mexico Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 31. Brazil Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 32. APAC Solid State Transformers (SST) Market Size Market Share by Region in 2022
Figure 33. APAC Solid State Transformers (SST) Market Size Market Share by Type in 2022
Figure 34. APAC Solid State Transformers (SST) Market Size Market Share by Application in 2022
Figure 35. China Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 36. Japan Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 37. Korea Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 38. Southeast Asia Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 39. India Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 40. Australia Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 41. Europe Solid State Transformers (SST) Market Size Market Share by Country in 2022
Figure 42. Europe Solid State Transformers (SST) Market Size Market Share by Type (2018-2023)
Figure 43. Europe Solid State Transformers (SST) Market Size Market Share by Application (2018-2023)
Figure 44. Germany Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 45. France Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 46. UK Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 47. Italy Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 48. Russia Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 49. Middle East & Africa Solid State Transformers (SST) Market Size Market Share by Region (2018-2023)
Figure 50. Middle East & Africa Solid State Transformers (SST) Market Size Market Share by Type (2018-2023)
Figure 51. Middle East & Africa Solid State Transformers (SST) Market Size Market Share by Application (2018-2023)
Figure 52. Egypt Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 53. South Africa Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 54. Israel Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 55. Turkey Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 56. GCC Country Solid State Transformers (SST) Market Size Growth 2018-2023 ($ Millions)
Figure 57. Americas Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 58. APAC Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 59. Europe Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 60. Middle East & Africa Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 61. United States Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 62. Canada Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 63. Mexico Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 64. Brazil Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 65. China Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 66. Japan Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 67. Korea Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 68. Southeast Asia Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 69. India Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 70. Australia Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 71. Germany Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 72. France Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 73. UK Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 74. Italy Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 75. Russia Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 76. Spain Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 77. Egypt Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 78. South Africa Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 79. Israel Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 80. Turkey Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 81. GCC Countries Solid State Transformers (SST) Market Size 2024-2029 ($ Millions)
Figure 82. Global Solid State Transformers (SST) Market Size Market Share Forecast by Type (2024-2029)
Figure 83. Global Solid State Transformers (SST) Market Size Market Share Forecast by Application (2024-2029)
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