Solid State (Smart) Transformers Market Analysis By Product, By Component (Converters, High-frequency Transformers, Switches), By Application, By End-use, By Region, And Segment Forecasts, 2014 - 2025

Published: Jan, 2018 | Pages: 138 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global solid state smart transformers market is projected to attain USD 531.5 million by 2025, according to a new study by Grand View Research, Inc. The growing investments in smart grid are presumed to stimulate the market growth over the next eight years.

The need for efficient power supply and low-cost electricity is significantly encouraging power companies to develop the solid-state transformer technology. The technology is anticipated to be commercialized by 2018 and is expected to pave way for large-scale adoption of SSTs for renewable energy distribution and smart grid systems.

Government investments for increasing the implementation of smart grid systems are further expected to drive the demand for SSTs over the forecast period. These transformers comprise features such as bidirectional power supply and lightweight and hence, are expected to improve the efficiency of power distribution.

The benefits of SSTs are encouraging their use in transport infrastructure and energy generation systems used in offshore oil drilling. These transformers provide on-demand power that increases the power distribution efficiency. Furthermore, they are anticipated to enable customers to adopt self-sustaining renewable energy sources such as solar and wind energy.

The industry players comprise mainly big players in the power & energy industry and are mainly focused on retaining their market share. Furthermore, these companies have a multi-regional presence and witness stiff competition. Investing in technologies that would increase their market share is the main area of focus for the companies. Thus, they are largely involved in development of SST technology.

Solid state (smart) transformers are expected to be largely adopted in developed economies, such as Europe and North America, post commercialization. These economies are expected to be followed by developing economies such as Asia Pacific, Latin America, and MEA.

Further key findings from the study suggest:

• High-frequency transformer is expected to be the fastest growing component segment, growing at a CAGR of 24.2% over the next eight years, owing to its power output characteristics when used in different combinations

• Regions such as Europe and North America are expected to be the early adopters of solid state transformers, owing to the increasing adoption of renewable energy sources

• Europe is presumed to be the fastest-growing regional market and is expected to reach USD 259.0 million by 2025, owing to high investments in smart grid technologies

• Transportation is expected to be the fastest growing end use segment, registering a CAGR of 25.1% from 2017 to 2025, owing to the large-scale development of transport infrastructure in developing regions such as Asia Pacific

• The key industry participants include ABB Ltd., General Electric, Alstom, Mitsubishi Electric Corporation, Siemens AG, Schneider Electric SE, Cooper Power Systems, Varentec, Inc., Amantys Limited, and GridBridge, among others

 Table of Contents

Chapter 1 Methodology and Scope
                  1.1 Research Methodology
                  1.2 Research Scope and Assumptions
                  1.3 List of Data Sources

Chapter 2 Executive Summary
                  2.1 Solid State (Smart) Transformer Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
                  2.2 Solid State (Smart) Transformer Market, 2014 - 2025

Chapter 3 Solid State (Smart) Transformer Industry Outlook
                  3.1 Market Segmentation
                  3.2 Market Size and Growth Prospects
                  3.3 Solid State (Smart) Transformer - Value Chain Analysis
                      3.3.1 Vendor landscape
                  3.4 Solid State (Smart) Transformer Market Dynamics
                      3.4.1 Market driver analysis
                          3.4.1.1 Growing preference for renewable energy sources
                          3.4.1.2 Growing investments in smart grid
                      3.4.2 Market restraint analysis
                          3.4.2.1 High manufacturing and deployment costs
                  3.5 Solid State (Smart) Transformer Market - Company Ranking, 2016
                  3.6 Penetration and Growth Prospect Mapping
                  3.7 Solid State (Smart) Transformer - Porter's Five Forces Analysis
                  3.8 Solid State (Smart) Transformer - PESTEL Analysis

Chapter 4 Solid State (Smart) Transformer Product Outlook
                  4.1 Solid State (Smart) Transformer Market Share By Product, 2016 & 2025
                  4.2 Distribution Solid State Transformer
                      4.2.1 Distribution solid state transformer market, 2014 - 2025
                  4.3 Power Solid State Transformer
                      4.3.1 Power solid state transformer market, 2014 - 2025
                  4.4 Traction Solid State Transformer
                      4.4.1 Traction solid state transformer market, 2014 - 2025

Chapter 5 Solid State (Smart) Transformer Component Outlook
                  5.1 Solid State (Smart) Transformer Market Share By Component, 2016 & 2025
                  5.2 Converters
                      5.2.1 Solid state (smart) transformer converters market, 2014 - 2025
                  5.3 High-frequency Transformers
                      5.3.1 High-frequency transformers market, 2014 - 2025
                  5.4 Switches
                      5.4.1 Solid state (smart) transformer switches market, 2014 - 2025
                  5.5 Others
                      5.5.1 Others solid state (smart) transformer components market, 2014 - 2025

Chapter 6 Solid State (Smart) Transformer Application Outlook
                  6.1 Solid State (Smart) Transformer Market Share By Application, 2016 & 2025
                  6.2 Alternative Power Generation
                      6.2.1 Alternative power generation market, 2014 - 2025
                  6.3 Electric Vehicle Charging Stations
                      6.3.1 Electric vehicle charging stations market, 2014 - 2025
                  6.4 Power Distribution
                      6.4.1 Power distribution market, 2014 - 2025
                  6.5 Traction Locomotives
                      6.5.1 Traction locomotives market, 2014 - 2025
                  6.6 Others
                      6.6.1 Others applications market, 2014 - 2025

Chapter 7 Solid State (Smart) Transformer End-use Outlook
                  7.1 Solid State (Smart) Transformer Market Share By End-use, 2016 & 2025
                  7.2 Energy
                      7.2.1 Solid state transformers in energy end-use, 2014 - 2025
                  7.3 Transportation
                      7.3.1 Solid state transformers in transportation end-use, 2014 - 2025
                  7.4 Others
                      7.4.1 Solid state transformers in others end-use, 2014 - 2025

Chapter 8 Solid State (Smart) Transformer Regional Outlook
                  8.1 Solid State (Smart) Transformer Market Share By Region, 2016 & 2025
                  8.2 North America
                      8.2.1 North America solid state (smart) transformers market, 2014 - 2025
                      8.2.2 North America solid state (smart) transformers market, by product, 2014 - 2025
                      8.2.3 North America solid state (smart) transformers market, by component, 2014 - 2025
                      8.2.4 North America solid state (smart) transformers market, by application, 2014 - 2025
                      8.2.5 North America solid state (smart) transformers market, by end-use, 2014 - 2025
                      8.2.6 U.S.
                          8.2.6.1 U.S. solid state (smart) transformers market, 2014 - 2025
                          8.2.6.2 U.S. solid state (smart) transformers market, by product, 2014 - 2025
                          8.2.6.3 U.S. solid state (smart) transformers market, by component, 2014 - 2025
                          8.2.6.4 U.S. solid state (smart) transformers market, by application, 2014 - 2025
                          8.2.6.5 U.S. solid state (smart) transformers market, by end-use, 2014 - 2025
                      8.2.7 Canada
                          8.2.7.1 Canada solid state (smart) transformers market, 2014 - 2025
                          8.2.7.2 Canada solid state (smart) transformers market, by product, 2014 - 2025
                          8.2.7.3 Canada solid state (smart) transformers market, by component, 2014 - 2025
                          8.2.7.4 Canada solid state (smart) transformers market, by application, 2014 - 2025
                          8.2.7.5 Canada solid state (smart) transformers market, by end-use, 2014 - 2025
                  8.3 Europe
                      8.3.1 Europe solid state (smart) transformers market, 2014 - 2025
                      8.3.2 Europe solid state (smart) transformers market, by product, 2014 - 2025
                      8.3.3 Europe solid state (smart) transformers market, by component, 2014 - 2025
                      8.3.4 Europe solid state (smart) transformers market, by application, 2014 - 2025
                      8.3.5 Europe solid state (smart) transformers market, by end-use, 2014 - 2025
                      8.3.6 UK
                          8.3.6.1 UK solid state (smart) transformers market, 2014 - 2025
                          8.3.6.2 UK solid state (smart) transformers market, by product, 2014 - 2025
                          8.3.6.3 UK solid state (smart) transformers market, by component, 2014 - 2025
                          8.3.6.4 UK solid state (smart) transformers market, by application, 2014 - 2025
                          8.3.6.5 UK solid state (smart) transformers market, by end-use, 2014 - 2025
                      8.3.7 Germany
                          8.3.7.1 Germany solid state (smart) transformers market, 2014 - 2025
                          8.3.7.2 Germany solid state (smart) transformers market, by product, 2014 - 2025
                          8.3.7.3 Germany solid state (smart) transformers market, by component, 2014 - 2025
                          8.3.7.4 Germany solid state (smart) transformers market, by application, 2014 - 2025
                          8.3.7.5 Germany solid state (smart) transformers market, by end-use, 2014 - 2025
                  8.4 Asia Pacific
                      8.4.1 Asia Pacific solid state (smart) transformers market, 2014 - 2025
                      8.4.2 Asia Pacific solid state (smart) transformers market, by product, 2014 - 2025
                      8.4.3 Asia Pacific solid state (smart) transformers market, by component, 2014 - 2025
                      8.4.4 Asia Pacific solid state (smart) transformers market, by application, 2014 - 2025
                      8.4.5 Asia Pacific solid state (smart) transformers market, by end-use, 2014 - 2025
                      8.4.6 China
                          8.4.6.1 China solid state (smart) transformers market, 2014 - 2025
                          8.4.6.2 China solid state (smart) transformers market, by product, 2014 - 2025
                          8.4.6.3 China solid state (smart) transformers market, by component, 2014 - 2025
                          8.4.6.4 China solid state (smart) transformers market, by application, 2014 - 2025
                          8.4.6.5 China solid state (smart) transformers market, by end-use, 2014 - 2025
                      8.4.7 India
                          8.4.7.1 India solid state (smart) transformers market, 2014 - 2025
                          8.4.7.2 India solid state (smart) transformers market, by product, 2014 - 2025
                          8.4.7.3 India solid state (smart) transformers market, by component, 2014 - 2025
                          8.4.7.4 India solid state (smart) transformers market, by application, 2014 - 2025
                          8.4.7.5 India solid state (smart) transformers market, by end-use, 2014 - 2025
                      8.4.8 Japan
                          8.4.8.1 Japan solid state (smart) transformers market, 2014 - 2025
                          8.4.8.2 Japan solid state (smart) transformers market, by product, 2014 - 2025
                          8.4.8.3 Japan solid state (smart) transformers market, by component, 2014 - 2025
                          8.4.8.4 Japan solid state (smart) transformers market, by application, 2014 - 2025
                          8.4.8.5 Japan solid state (smart) transformers market, by end-use, 2014 - 2025
                  8.5 Latin America
                      8.5.1 Latin America solid state (smart) transformers market, 2014 - 2025
                      8.5.2 Latin America solid state (smart) transformers market, by product, 2014 - 2025
                      8.5.3 Latin America solid state (smart) transformers market, by component, 2014 - 2025
                      8.5.4 Latin America solid state (smart) transformers market, by application, 2014 - 2025
                      8.5.5 Latin America solid state (smart) transformers market, by end-use, 2014 - 2025
                      8.5.6 Brazil
                          8.5.6.1 Brazil solid state (smart) transformers market, 2014 - 2025
                          8.5.6.2 Brazil solid state (smart) transformers market, by product, 2014 - 2025
                          8.5.6.3 Brazil solid state (smart) transformers market, by component, 2014 - 2025
                          8.5.6.4 Brazil solid state (smart) transformers market, by application, 2014 - 2025
                          8.5.6.5 Brazil solid state (smart) transformers market, by end-use, 2014 - 2025
                      8.5.7 Mexico
                          8.5.7.1 Mexico solid state (smart) transformers market, 2014 - 2025
                          8.5.7.2 Mexico solid state (smart) transformers market, by product, 2014 - 2025
                          8.5.7.3 Mexico solid state (smart) transformers market, by component, 2014 - 2025
                          8.5.7.4 Mexico solid state (smart) transformers market, by application, 2014 - 2025
                          8.5.7.5 Mexico solid state (smart) transformers market, by end-use, 2014 - 2025
                  8.6 MEA
                      8.6.1 MEA solid state (smart) transformers market, 2014 - 2025
                      8.6.2 MEA solid state (smart) transformers market, by product, 2014 - 2025
                      8.6.3 MEA solid state (smart) transformers market, by component, 2014 - 2025
                      8.6.4 MEA solid state (smart) transformers market, by application, 2014 - 2025
                      8.6.5 MEA solid state (smart) transformers market, by end-use, 2014 - 2025

Chapter 9 Competitive Landscape
                  9.1 ABB Ltd.
                      9.1.1 Company overview
                      9.1.2 Financial performance
                      9.1.3 Product benchmarking
                      9.1.4 Strategic initiatives
                  9.2 General Electric Company
                      9.2.1 Company overview
                      9.2.2 Financial performance
                      9.2.3 Product benchmarking
                      9.2.4 Strategic initiatives
                  9.3 Schneider Electric
                      9.3.1 Company overview
                      9.3.2 Financial performance
                      9.3.3 Product benchmarking
                      9.3.4 Strategic initiatives
                  9.4 Siemens AG
                      9.4.1 Company overview
                      9.4.2 Financial performance
                      9.4.3 Product benchmarking
                      9.4.4 Strategic initiatives
                  9.5 Alstom
                      9.5.1 Company overview
                      9.5.2 Financial performance
                      9.5.3 Product benchmarking
                      9.5.4 Strategic initiatives
                  9.6 Mitsubishi Electric Corporation
                      9.6.1 Company overview
                      9.6.2 Financial performance
                      9.6.3 Product benchmarking
                      9.6.4 Strategic initiatives
                  9.7 Cooper Power Systems
                      9.7.1 Company overview
                      9.7.2 Financial performance
                      9.7.3 Product benchmarking
                  9.8 Varentec, Inc.
                      9.8.1 Company overview
                      9.8.2 Financial performance
                      9.8.3 Product benchmarking
                      9.8.4 Strategic initiatives
                  9.9 Amantys Power Electronics Ltd.
                      9.9.1 Company overview
                      9.9.2 Product benchmarking
                  9.10 GridBridge
                      9.10.1 Company overview
                      9.10.2 Financial performance
                      9.10.3 Product benchmarking
                      9.10.4 Strategic initiatives

List of Tables

TABLE 1 Solid state (smart) transformer market - Industry snapshot & key buying criteria, 2014 - 2025
TABLE 2 Solid State (Smart) transformer market, 2014 - 2025 (USD Million)
TABLE 3 Solid state (smart) transformer market, by region, 2014 - 2025 (USD Million)
TABLE 4 Solid state (smart) transformer market, by product, 2014 - 2025 (USD Million)
TABLE 5 Solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 6 Solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 7 Solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 8 Vendor landscape
TABLE 9 Solid state (smart) transformer market - Key market driver impact
TABLE 10 Solid state (smart) transformer market - Key market restraint impact
TABLE 11 Distribution solid state transformer market, 2014 - 2025 (USD Million)
TABLE 12 Distribution solid state transformer market, by region, 2014 - 2025 (USD Million)
TABLE 13 Power solid state transformer market, 2014 - 2025 (USD Million)
TABLE 14 Power solid state transformer market, by region, 2014 - 2025 (USD Million)
TABLE 15 Traction solid state transformer market, 2014 - 2025 (USD Million)
TABLE 16 Traction solid state transformer market, by region, 2014 - 2025 (USD Million)
TABLE 17 Solid state transformer converters market, 2014 - 2025 (USD Million)
TABLE 18 Solid state transformer converters market, by region, 2014 - 2025 (USD Million)
TABLE 19 High-frequency transformers market, 2014 - 2025 (USD Million)
TABLE 20 High-frequency transformers market, by region, 2014 - 2025 (USD Million)
TABLE 21 Solid state transformer switches market, 2014 - 2025 (USD Million)
TABLE 22 Solid state transformer switches market, by region, 2014 - 2025 (USD Million)
TABLE 23 Other solid state transformer components market, 2014 - 2025 (USD Million)
TABLE 24 Other solid state transformer components market, by region, 2014 - 2025 (USD Million)
TABLE 25 Alternative power generation market, 2014 - 2025 (USD Million)
TABLE 26 Alternative power generation market, by region, 2014 - 2025 (USD Million)
TABLE 27 Electric vehicle charging stations market, 2014 - 2025 (USD Million)
TABLE 28 Electric vehicle charging stations market, by region, 2014 - 2025 (USD Million)
TABLE 29 Power distribution market, 2014 - 2025 (USD Million)
TABLE 30 Power distribution market, by region, 2014 - 2025 (USD Million)
TABLE 31 Traction locomotives market, 2014 - 2025 (USD Million)
TABLE 32 Traction locomotives market, by region, 2014 - 2025 (USD Million)
TABLE 33 Other applications market, 2014 - 2025 (USD Million)
TABLE 34 Other applications market, by region, 2014 - 2025 (USD Million)
TABLE 35 Solid state transformers in energy end-use, 2014 - 2025 (USD Million)
TABLE 36 Solid state transformers in energy end-use, by region, 2014 - 2025 (USD Million)
TABLE 37 Solid state transformers in transportation end-use, 2014 - 2025 (USD Million)
TABLE 38 Solid state transformers in transportation end-use, by region, 2014 - 2025 (USD Million)
TABLE 39 Solid state transformers in others end-use, 2014 - 2025 (USD Million)
TABLE 40 Solid state transformers in others end-use, by region, 2014 - 2025 (USD Million)
TABLE 41 North America solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 42 North America solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 43 North America solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 44 North America solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 45 North America solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 46 U.S. solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 47 U.S. solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 48 U.S. solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 49 U.S. solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 50 U.S. solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 51 Canada solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 52 Canada solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 53 Canada solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 54 Canada solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 55 Canada solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 56 Europe solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 57 Europe solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 58 Europe solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 59 Europe solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 60 Europe solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 61 UK solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 62 UK solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 63 UK solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 64 UK solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 65 UK solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 66 Germany solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 67 Germany solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 68 Germany solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 69 Germany solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 70 Germany solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 71 Asia Pacific solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 72 Asia Pacific solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 73 Asia Pacific solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 74 Asia Pacific solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 75 Asia Pacific solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 76 China solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 77 China solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 78 China solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 79 China solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 80 China solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 81 India solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 82 India solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 83 India solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 84 India solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 85 India solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 86 Japan solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 87 Japan solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 88 Japan solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 89 Japan solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 90 Japan solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 91 Latin America solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 92 Latin America solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 93 Latin America solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 94 Latin America solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 95 Latin America solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 96 Brazil solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 97 Brazil solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 98 Brazil solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 99 Brazil solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 100 Brazil solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 101 Mexico solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 102 Mexico solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 103 Mexico solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 104 Mexico solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 105 Mexico solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)
TABLE 106 MEA solid state (smart) transformers market, 2014 - 2025 (USD Million)
TABLE 107 MEA solid state (smart) transformers market, by product, 2014 - 2025 (USD Million)
TABLE 108 MEA solid state (smart) transformer market, by component, 2014 - 2025 (USD Million)
TABLE 109 MEA solid state (smart) transformer market, by application, 2014 - 2025 (USD Million)
TABLE 110 MEA solid state (smart) transformer market, by end-use, 2014 - 2025 (USD Million)