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Solid State Transformers (SST) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

Published Date: March 2024

Report Code: QYRE-Auto-2140

Global Solid State Transformers SST Market Insights and Forecast to 2027

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Solid State Transformers (SST) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

Code: QYRE-Auto-2140

Report

March 2024

Pages:76

QYResearch

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DESCRIPTION

TABLE OF CONTENT

TABLES & FIGURES

FEATURED COMPANIES

General Electric

Siemens AG

ABB Ltd

Solid State Transformers (SST) - Market Size

The global market for Solid State Transformers (SST) was estimated to be worth US$ 298 million in 2023 and is forecast to a readjusted size of US$ 1217.1 million by 2030 with a CAGR of 22.0% during the forecast period 2024-2030

Solid State Transformers (SST) - Market

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.

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%.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Solid State Transformers (SST), focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Solid State Transformers (SST) by region & country, by Type, and by Application.

The Solid State Transformers (SST) market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solid State Transformers (SST).

Market Segmentation

Scope of Solid State Transformers (SST) - Market Report

Report Metric	Details
Report Name	Solid State Transformers (SST) - Market
Forecasted market size in 2030	US$ 1217.1 million
CAGR	22.0%
Forecasted years	2024 - 2030
Segment by Type:	Single-stage Two-stage Three-stage
Segment by Application	Alternative Power Generation Smart Grid Traction Locomotives EV Charging Others
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	ABB, Siemens, General electric
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Solid State Transformers (SST) manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Solid State Transformers (SST) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Solid State Transformers (SST) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

FAQ for this report

What is the Solid State Transformers (SST) - Market size in 2030?

Ans: The Solid State Transformers (SST) - Market size in 2030 will be US$ 1217.1 million.

Who are the main players in the Solid State Transformers (SST) - Market report?

Ans: The main players in the Solid State Transformers (SST) - Market are ABB, Siemens, General electric

What are the Application segmentation covered in the Solid State Transformers (SST) - Market report?

Ans: The Applications covered in the Solid State Transformers (SST) - Market report are Alternative Power Generation, Smart Grid, Traction Locomotives, EV Charging, Others

What are the Type segmentation covered in the Solid State Transformers (SST) - Market report?

Ans: The Types covered in the Solid State Transformers (SST) - Market report are Single-stage, Two-stage, Three-stage

1 Market Overview

1.1 Solid State Transformers (SST) Product Introduction

1.2 Global Solid State Transformers (SST) Market Size Forecast

1.3 Solid State Transformers (SST) Market Trends & Drivers

1.3.1 Solid State Transformers (SST) Industry Trends

1.3.2 Solid State Transformers (SST) Market Drivers & Opportunity

1.3.3 Solid State Transformers (SST) Market Challenges

1.3.4 Solid State Transformers (SST) Market Restraints

1.4 Assumptions and Limitations

1.5 Study Objectives

1.6 Years Considered

2 Competitive Analysis by Company

2.1 Global Solid State Transformers (SST) Players Revenue Ranking (2023)

2.2 Global Solid State Transformers (SST) Revenue by Company (2019-2024)

2.3 Key Companies Solid State Transformers (SST) Manufacturing Base Distribution and Headquarters

2.4 Key Companies Solid State Transformers (SST) Product Offered

2.5 Key Companies Time to Begin Mass Production of Solid State Transformers (SST)

2.6 Solid State Transformers (SST) Market Competitive Analysis

2.6.1 Solid State Transformers (SST) Market Concentration Rate (2019-2024)

2.6.2 Global 5 and 10 Largest Companies by Solid State Transformers (SST) Revenue in 2023

2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Solid State Transformers (SST) as of 2023)

2.7 Mergers & Acquisitions, Expansion

3 Segmentation by Type

3.1 Introduction by Type

3.1.1 Single-stage

3.1.2 Two-stage

3.1.3 Three-stage

3.2 Global Solid State Transformers (SST) Sales Value by Type

3.2.1 Global Solid State Transformers (SST) Sales Value by Type (2019 VS 2023 VS 2030)

3.2.2 Global Solid State Transformers (SST) Sales Value, by Type (2019-2030)

3.2.3 Global Solid State Transformers (SST) Sales Value, by Type (%) (2019-2030)

4 Segmentation by Application

4.1 Introduction by Application

4.1.1 Alternative Power Generation

4.1.2 Smart Grid

4.1.3 Traction Locomotives

4.1.4 EV Charging

4.1.5 Others

4.2 Global Solid State Transformers (SST) Sales Value by Application

4.2.1 Global Solid State Transformers (SST) Sales Value by Application (2019 VS 2023 VS 2030)

4.2.2 Global Solid State Transformers (SST) Sales Value, by Application (2019-2030)

4.2.3 Global Solid State Transformers (SST) Sales Value, by Application (%) (2019-2030)

5 Segmentation by Region

5.1 Global Solid State Transformers (SST) Sales Value by Region

5.1.1 Global Solid State Transformers (SST) Sales Value by Region: 2019 VS 2023 VS 2030

5.1.2 Global Solid State Transformers (SST) Sales Value by Region (2019-2024)

5.1.3 Global Solid State Transformers (SST) Sales Value by Region (2025-2030)

5.1.4 Global Solid State Transformers (SST) Sales Value by Region (%), (2019-2030)

5.2 North America

5.2.1 North America Solid State Transformers (SST) Sales Value, 2019-2030

5.2.2 North America Solid State Transformers (SST) Sales Value by Country (%), 2023 VS 2030

5.3 Europe

5.3.1 Europe Solid State Transformers (SST) Sales Value, 2019-2030

5.3.2 Europe Solid State Transformers (SST) Sales Value by Country (%), 2023 VS 2030

5.4 Asia Pacific

5.4.1 Asia Pacific Solid State Transformers (SST) Sales Value, 2019-2030

5.4.2 Asia Pacific Solid State Transformers (SST) Sales Value by Country (%), 2023 VS 2030

5.5 South America

5.5.1 South America Solid State Transformers (SST) Sales Value, 2019-2030

5.5.2 South America Solid State Transformers (SST) Sales Value by Country (%), 2023 VS 2030

5.6 Middle East & Africa

5.6.1 Middle East & Africa Solid State Transformers (SST) Sales Value, 2019-2030

5.6.2 Middle East & Africa Solid State Transformers (SST) Sales Value by Country (%), 2023 VS 2030

6 Segmentation by Key Countries/Regions

6.1 Key Countries/Regions Solid State Transformers (SST) Sales Value Growth Trends, 2019 VS 2023 VS 2030

6.2 Key Countries/Regions Solid State Transformers (SST) Sales Value

6.3 United States

6.3.1 United States Solid State Transformers (SST) Sales Value, 2019-2030

6.3.2 United States Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

6.3.3 United States Solid State Transformers (SST) Sales Value by Application, 2023 VS 2030

6.4 Europe

6.4.1 Europe Solid State Transformers (SST) Sales Value, 2019-2030

6.4.2 Europe Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

6.4.3 Europe Solid State Transformers (SST) Sales Value by Application, 2023 VS 2030

6.5 China

6.5.1 China Solid State Transformers (SST) Sales Value, 2019-2030

6.5.2 China Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

6.5.3 China Solid State Transformers (SST) Sales Value by Application, 2023 VS 2030

6.6 Japan

6.6.1 Japan Solid State Transformers (SST) Sales Value, 2019-2030

6.6.2 Japan Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

6.6.3 Japan Solid State Transformers (SST) Sales Value by Application, 2023 VS 2030

6.7 South Korea

6.7.1 South Korea Solid State Transformers (SST) Sales Value, 2019-2030

6.7.2 South Korea Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

6.7.3 South Korea Solid State Transformers (SST) Sales Value by Application, 2023 VS 2030

6.8 Southeast Asia

6.8.1 Southeast Asia Solid State Transformers (SST) Sales Value, 2019-2030

6.8.2 Southeast Asia Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

6.8.3 Southeast Asia Solid State Transformers (SST) Sales Value by Application, 2023 VS 2030

6.9 India

6.9.1 India Solid State Transformers (SST) Sales Value, 2019-2030

6.9.2 India Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

6.9.3 India Solid State Transformers (SST) Sales Value by Application, 2023 VS 2030

7 Company Profiles

7.1 ABB

7.1.1 ABB Profile

7.1.2 ABB Main Business

7.1.3 ABB Solid State Transformers (SST) Products, Services and Solutions

7.1.4 ABB Solid State Transformers (SST) Revenue (US$ Million) & (2019-2024)

7.1.5 ABB Recent Developments

7.2 Siemens

7.2.1 Siemens Profile

7.2.2 Siemens Main Business

7.2.3 Siemens Solid State Transformers (SST) Products, Services and Solutions

7.2.4 Siemens Solid State Transformers (SST) Revenue (US$ Million) & (2019-2024)

7.2.5 Siemens Recent Developments

7.3 General electric

7.3.1 General electric Profile

7.3.2 General electric Main Business

7.3.3 General electric Solid State Transformers (SST) Products, Services and Solutions

7.3.4 General electric Solid State Transformers (SST) Revenue (US$ Million) & (2019-2024)

7.3.5 Recent Developments

8 Industry Chain Analysis

8.1 Solid State Transformers (SST) Industrial Chain

8.2 Solid State Transformers (SST) Upstream Analysis

8.2.1 Key Raw Materials

8.2.2 Raw Materials Key Suppliers

8.2.3 Manufacturing Cost Structure

8.3 Midstream Analysis

8.4 Downstream Analysis (Customers Analysis)

8.5 Sales Model and Sales Channels

8.5.1 Solid State Transformers (SST) Sales Model

8.5.2 Sales Channel

8.5.3 Solid State Transformers (SST) Distributors

9 Research Findings and Conclusion

10 Appendix

10.1 Research Methodology

10.1.1 Methodology/Research Approach

10.1.2 Data Source

10.2 Author Details

10.3 Disclaimer

FEATURED COMPANIES

General Electric

Siemens AG

ABB Ltd

List of Tables

Table 1. Solid State Transformers (SST) Market Trends

Table 2. Solid State Transformers (SST) Market Drivers & Opportunity

Table 3. Solid State Transformers (SST) Market Challenges

Table 4. Solid State Transformers (SST) Market Restraints

Table 5. Global Solid State Transformers (SST) Revenue by Company (2019-2024) & (US$ Million)

Table 6. Global Solid State Transformers (SST) Revenue Market Share by Company (2019-2024)

Table 7. Key Companies Solid State Transformers (SST) Manufacturing Base Distribution and Headquarters

Table 8. Key Companies Solid State Transformers (SST) Product Type

Table 9. Key Companies Time to Begin Mass Production of Solid State Transformers (SST)

Table 10. Global Solid State Transformers (SST) Companies Market Concentration Ratio (CR5 and HHI)

Table 11. Global Top Companies Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Solid State Transformers (SST) as of 2023)

Table 12. Mergers & Acquisitions, Expansion Plans

Table 13. Global Solid State Transformers (SST) Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)

Table 14. Global Solid State Transformers (SST) Sales Value by Type (2019-2024) & (US$ Million)

Table 15. Global Solid State Transformers (SST) Sales Value by Type (2025-2030) & (US$ Million)

Table 16. Global Solid State Transformers (SST) Sales Market Share in Value by Type (2019-2024) & (%)

Table 17. Global Solid State Transformers (SST) Sales Market Share in Value by Type (2025-2030) & (%)

Table 18. Global Solid State Transformers (SST) Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)

Table 19. Global Solid State Transformers (SST) Sales Value by Application (2019-2024) & (US$ Million)

Table 20. Global Solid State Transformers (SST) Sales Value by Application (2025-2030) & (US$ Million)

Table 21. Global Solid State Transformers (SST) Sales Market Share in Value by Application (2019-2024) & (%)

Table 22. Global Solid State Transformers (SST) Sales Market Share in Value by Application (2025-2030) & (%)

Table 23. Global Solid State Transformers (SST) Sales Value by Region: 2019 VS 2023 VS 2030 (US$ Million)

Table 24. Global Solid State Transformers (SST) Sales Value by Region (2019-2024) & (US$ Million)

Table 25. Global Solid State Transformers (SST) Sales Value by Region (2025-2030) & (US$ Million)

Table 26. Global Solid State Transformers (SST) Sales Value by Region (2019-2024) & (%)

Table 27. Global Solid State Transformers (SST) Sales Value by Region (2025-2030) & (%)

Table 28. Key Countries/Regions Solid State Transformers (SST) Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030

Table 29. Key Countries/Regions Solid State Transformers (SST) Sales Value, (2019-2024) & (US$ Million)

Table 30. Key Countries/Regions Solid State Transformers (SST) Sales Value, (2025-2030) & (US$ Million)

Table 31. ABB Basic Information List

Table 32. ABB Description and Business Overview

Table 33. ABB Solid State Transformers (SST) Products, Services and Solutions

Table 34. Revenue (US$ Million) in Solid State Transformers (SST) Business of ABB (2019-2024)

Table 35. ABB Recent Developments

Table 36. Siemens Basic Information List

Table 37. Siemens Description and Business Overview

Table 38. Siemens Solid State Transformers (SST) Products, Services and Solutions

Table 39. Revenue (US$ Million) in Solid State Transformers (SST) Business of Siemens (2019-2024)

Table 40. Siemens Recent Developments

Table 41. General electric Basic Information List

Table 42. General electric Description and Business Overview

Table 43. General electric Solid State Transformers (SST) Products, Services and Solutions

Table 44. Revenue (US$ Million) in Solid State Transformers (SST) Business of General electric (2019-2024)

Table 45. General electric Recent Developments

Table 46. Key Raw Materials Lists

Table 47. Raw Materials Key Suppliers Lists

Table 48. Solid State Transformers (SST) Downstream Customers

Table 49. Solid State Transformers (SST) Distributors List

Table 50. Research Programs/Design for This Report

Table 51. Key Data Information from Secondary Sources

Table 52. Key Data Information from Primary Sources

Table 53. Business Unit and Senior & Team Lead Analysts

List of Figures

Figure 1. Solid State Transformers (SST) Product Picture

Figure 2. Global Solid State Transformers (SST) Sales Value, 2019 VS 2023 VS 2030 (US$ Million)

Figure 3. Global Solid State Transformers (SST) Sales Value (2019-2030) & (US$ Million)

Figure 4. Solid State Transformers (SST) Report Years Considered

Figure 5. Global Solid State Transformers (SST) Players Revenue Ranking (2023) & (US$ Million)

Figure 6. The 5 and 10 Largest Manufacturers in the World: Market Share by Solid State Transformers (SST) Revenue in 2023

Figure 7. Solid State Transformers (SST) Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023

Figure 8. Single-stage Picture

Figure 9. Two-stage Picture

Figure 10. Three-stage Picture

Figure 11. Global Solid State Transformers (SST) Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)

Figure 12. Global Solid State Transformers (SST) Sales Value Market Share by Type, 2023 & 2030

Figure 13. Product Picture of Alternative Power Generation

Figure 14. Product Picture of Smart Grid

Figure 15. Product Picture of Traction Locomotives

Figure 16. Product Picture of EV Charging

Figure 17. Product Picture of Others

Figure 18. Global Solid State Transformers (SST) Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)

Figure 19. Global Solid State Transformers (SST) Sales Value Market Share by Application, 2023 & 2030

Figure 20. North America Solid State Transformers (SST) Sales Value (2019-2030) & (US$ Million)

Figure 21. North America Solid State Transformers (SST) Sales Value by Country (%), 2023 VS 2030

Figure 22. Europe Solid State Transformers (SST) Sales Value (2019-2030) & (US$ Million)

Figure 23. Europe Solid State Transformers (SST) Sales Value by Country (%), 2023 VS 2030

Figure 24. Asia Pacific Solid State Transformers (SST) Sales Value (2019-2030) & (US$ Million)

Figure 25. Asia Pacific Solid State Transformers (SST) Sales Value by Country (%), 2023 VS 2030

Figure 26. South America Solid State Transformers (SST) Sales Value (2019-2030) & (US$ Million)

Figure 27. South America Solid State Transformers (SST) Sales Value by Country (%), 2023 VS 2030

Figure 28. Middle East & Africa Solid State Transformers (SST) Sales Value (2019-2030) & (US$ Million)

Figure 29. Middle East & Africa Solid State Transformers (SST) Sales Value by Country (%), 2023 VS 2030

Figure 30. Key Countries/Regions Solid State Transformers (SST) Sales Value (%), (2019-2030)

Figure 31. United States Solid State Transformers (SST) Sales Value, (2019-2030) & (US$ Million)

Figure 32. United States Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

Figure 33. United States Solid State Transformers (SST) Sales Value by Application (%), 2023 VS 2030

Figure 34. Europe Solid State Transformers (SST) Sales Value, (2019-2030) & (US$ Million)

Figure 35. Europe Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

Figure 36. Europe Solid State Transformers (SST) Sales Value by Application (%), 2023 VS 2030

Figure 37. China Solid State Transformers (SST) Sales Value, (2019-2030) & (US$ Million)

Figure 38. China Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

Figure 39. China Solid State Transformers (SST) Sales Value by Application (%), 2023 VS 2030

Figure 40. Japan Solid State Transformers (SST) Sales Value, (2019-2030) & (US$ Million)

Figure 41. Japan Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

Figure 42. Japan Solid State Transformers (SST) Sales Value by Application (%), 2023 VS 2030

Figure 43. South Korea Solid State Transformers (SST) Sales Value, (2019-2030) & (US$ Million)

Figure 44. South Korea Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

Figure 45. South Korea Solid State Transformers (SST) Sales Value by Application (%), 2023 VS 2030

Figure 46. Southeast Asia Solid State Transformers (SST) Sales Value, (2019-2030) & (US$ Million)

Figure 47. Southeast Asia Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

Figure 48. Southeast Asia Solid State Transformers (SST) Sales Value by Application (%), 2023 VS 2030

Figure 49. India Solid State Transformers (SST) Sales Value, (2019-2030) & (US$ Million)

Figure 50. India Solid State Transformers (SST) Sales Value by Type (%), 2023 VS 2030

Figure 51. India Solid State Transformers (SST) Sales Value by Application (%), 2023 VS 2030

Figure 52. Solid State Transformers (SST) Industrial Chain

Figure 53. Solid State Transformers (SST) Manufacturing Cost Structure

Figure 54. Channels of Distribution (Direct Sales, and Distribution)

Figure 55. Bottom-up and Top-down Approaches for This Report

Figure 56. Data Triangulation

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