Global Solid State Transformers (SST) Sales Market Report 2022

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.

Market Analysis and Insights: Global Solid State Transformers (SST) Market

Due to the COVID-19 pandemic, the global Solid State Transformers (SST) market size is estimated to be worth US$ 298 million in 2021 and is forecast to a readjusted size of US$ 298 million by 2028 with a CAGR of 22.0% during the review period.

Fully considering the economic change by this health crisis, by Type accounting for % of the Solid State Transformers (SST) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While by Type segment is altered to an % CAGR throughout this forecast period.

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%.

Global Solid State Transformers (SST) Scope and Market Size

The global Solid State Transformers (SST) market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Solid State Transformers (SST) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

Single-stage

Two-stage

Three-stage

Alternative Power Generation

Smart Grid

Traction Locomotives

EV Charging

Others

United States

Europe

China

Japan

Southeast Asia

India

Other Regions

ABB

Siemens

General electric

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Solid State Transformers (SST) Market Size by Type (2017 VS 2021VS 2028)

1.2.2 Single-stage

1.2.3 Two-stage

1.2.4 Three-stage

1.3 Market by Application

1.3.1 Global Solid State Transformers (SST) Market Share by Application (2017 VS 2021 VS 2028)

1.3.2 Alternative Power Generation

1.3.3 Smart Grid

1.3.4 Traction Locomotives

1.3.5 EV Charging

1.3.6 Others

1.4 Study Objectives

1.5 Years Considered

2.1 Global Solid State Transformers (SST) Market Perspective (2017-2028)

2.2 Global Solid State Transformers (SST) Market Size by Region: 2017 VS 2021 VS 2028

2.3 Global Solid State Transformers (SST) Revenue Market Share by Region (2017-2022)

2.4 Global Solid State Transformers (SST) Revenue Forecast by Region (2023-2028)

2.5 Geographic Market Analysis: Market Facts & Figures

2.5.1 United States Solid State Transformers (SST) Estimates and Projections (2017-2028)

2.5.2 Europe Solid State Transformers (SST) Estimates and Projections (2017-2028)

2.5.3 China Solid State Transformers (SST) Estimates and Projections (2017-2028)

2.5.4 Japan Solid State Transformers (SST) Estimates and Projections (2017-2028)

2.5.5 Southeast Asia Solid State Transformers (SST) Estimates and Projections (2017-2028)

2.5.6 India Solid State Transformers (SST) Estimates and Projections (2017-2028)

3.1 Global Top Solid State Transformers (SST) Players by Revenue (2017-2022)

3.1.1 Global Top Solid State Transformers (SST) Players by Revenue (2017-2022)

3.1.2 Global Solid State Transformers (SST) Revenue Market Share by Players (2017-2022)

3.2 Global Solid State Transformers (SST) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

3.3 Players Covered: Ranking by Solid State Transformers (SST) Revenue

3.4 Global Solid State Transformers (SST) Market Concentration Ratio

3.4.1 Global Solid State Transformers (SST) Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Solid State Transformers (SST) Revenue in 2021

3.5 Solid State Transformers (SST) Key Players Head office and Area Served

3.6 Key Players Solid State Transformers (SST) Product Solution and Service

3.7 Date of Enter into Solid State Transformers (SST) Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Solid State Transformers (SST) Historic Market Size by Type (2017-2022)

4.2 Global Solid State Transformers (SST) Forecasted Market Size by Type (2023-2028)

5.1 Global Solid State Transformers (SST) Historic Market Size by Application (2017-2022)

5.2 Global Solid State Transformers (SST) Forecasted Market Size by Application (2023-2028)

6.1 United States Solid State Transformers (SST) Revenue by Company (2017-2022)

6.2 United States Solid State Transformers (SST) Market Size by Type

6.2.1 United States Solid State Transformers (SST) Market Size by Type (2017-2022)

6.2.2 United States Solid State Transformers (SST) Market Size by Type (2023-2028)

6.2.3 United States Solid State Transformers (SST) Market Share by Type (2017-2028)

6.3 United States Solid State Transformers (SST) Market Size by Application

6.3.1 United States Solid State Transformers (SST) Market Size by Application (2017-2022)

6.3.2 United States Solid State Transformers (SST) Market Size by Application (2023-2028)

6.3.3 United States Solid State Transformers (SST) Market Share by Application (2017-2028)

7.1 Europe Solid State Transformers (SST) Revenue by Company (2017-2022)

7.2 Europe Solid State Transformers (SST) Market Size by Type

7.2.1 Europe Solid State Transformers (SST) Market Size by Type (2017-2022)

7.2.2 Europe Solid State Transformers (SST) Market Size by Type (2023-2028)

7.2.3 Europe Solid State Transformers (SST) Market Share by Type (2017-2028)

7.3 Europe Solid State Transformers (SST) Market Size by Application

7.3.1 Europe Solid State Transformers (SST) Market Size by Application (2017-2022)

7.3.2 Europe Solid State Transformers (SST) Market Size by Application (2023-2028)

7.3.3 Europe Solid State Transformers (SST) Market Share by Application (2017-2028)

8.1 China Solid State Transformers (SST) Revenue by Company (2017-2022)

8.2 China Solid State Transformers (SST) Market Size by Type

8.2.1 China Solid State Transformers (SST) Market Size by Type (2017-2022)

8.2.2 China Solid State Transformers (SST) Market Size by Type (2023-2028)

8.2.3 China Solid State Transformers (SST) Market Share by Type (2017-2028)

8.3 China Solid State Transformers (SST) Market Size by Application

8.3.1 China Solid State Transformers (SST) Market Size by Application (2017-2022)

8.3.2 China Solid State Transformers (SST) Market Size by Application (2023-2028)

8.3.3 China Solid State Transformers (SST) Market Share by Application (2017-2028)

9.1 Japan Solid State Transformers (SST) Revenue by Company (2017-2022)

9.2 Japan Solid State Transformers (SST) Market Size by Type

9.2.1 Japan Solid State Transformers (SST) Market Size by Type (2017-2022)

9.2.2 Japan Solid State Transformers (SST) Market Size by Type (2023-2028)

9.2.3 Japan Solid State Transformers (SST) Market Share by Type (2017-2028)

9.3 Japan Solid State Transformers (SST) Market Size by Application

9.3.1 Japan Solid State Transformers (SST) Market Size by Application (2017-2022)

9.3.2 Japan Solid State Transformers (SST) Market Size by Application (2023-2028)

9.3.3 Japan Solid State Transformers (SST) Market Share by Application (2017-2028)

10.1 Southeast Asia Solid State Transformers (SST) Revenue by Company (2017-2022)

10.2 Southeast Asia Solid State Transformers (SST) Market Size by Type

10.2.1 Southeast Asia Solid State Transformers (SST) Market Size by Type (2017-2022)

10.2.2 Southeast Asia Solid State Transformers (SST) Market Size by Type (2023-2028)

10.2.3 Southeast Asia Solid State Transformers (SST) Market Share by Type (2017-2028)

10.3 Southeast Asia Solid State Transformers (SST) Market Size by Application

10.3.1 Southeast Asia Solid State Transformers (SST) Market Size by Application (2017-2022)

10.3.2 Southeast Asia Solid State Transformers (SST) Market Size by Application (2023-2028)

10.3.3 Southeast Asia Solid State Transformers (SST) Market Share by Application (2017-2028)

11.1 India Solid State Transformers (SST) Revenue by Company (2017-2022)

11.2 India Solid State Transformers (SST) Market Size by Type

11.2.1 India Solid State Transformers (SST) Market Size by Type (2017-2022)

11.2.2 India Solid State Transformers (SST) Market Size by Type (2023-2028)

11.2.3 India Solid State Transformers (SST) Market Share by Type (2017-2028)

11.3 India Solid State Transformers (SST) Market Size by Application

11.3.1 India Solid State Transformers (SST) Market Size by Application (2017-2022)

11.3.2 India Solid State Transformers (SST) Market Size by Application (2023-2028)

11.3.3 India Solid State Transformers (SST) Market Share by Application (2017-2028)

12.1 ABB

12.1.1 ABB Company Details

12.1.2 ABB Business Overview

12.1.3 ABB Solid State Transformers (SST) Introduction

12.1.4 ABB Revenue in Solid State Transformers (SST) Business (2017-2022)

12.1.5 ABB Recent Development

12.2 Siemens

12.2.1 Siemens Company Details

12.2.2 Siemens Business Overview

12.2.3 Siemens Solid State Transformers (SST) Introduction

12.2.4 Siemens Revenue in Solid State Transformers (SST) Business (2017-2022)

12.2.5 Siemens Recent Development

12.3 General electric

12.3.1 General electric Company Details

12.3.2 General electric Business Overview

12.3.3 General electric Solid State Transformers (SST) Introduction

12.3.4 General electric Revenue in Solid State Transformers (SST) Business (2017-2022)

12.3.5 General electric Recent Development

13.1 Solid State Transformers (SST) Industry Trends

13.2 Solid State Transformers (SST) Market Drivers

13.3 Solid State Transformers (SST) Market Challenges

13.4 Solid State Transformers (SST) Market Restraints

15.1 Research Methodology

15.1.1 Methodology/Research Approach

15.1.2 Data Source

15.2 Author List

15.3 Disclaimer

List of Tables

    Table 1. Global Solid State Transformers (SST) Market Size Growth Rate by Type (US$ Million): (2017 VS 2021 VS 2028)

    Table 2. Major Players of Single-stage

    Table 3. Major Players of Two-stage

    Table 4. Key Players of Three-stage

    Table 5. Global Solid State Transformers (SST) Market Size Growth by Application (2017 VS 2021 VS 2028)

    Table 6. Global Solid State Transformers (SST) Market Size (US$ Million) by Region: 2017 VS 2021 VS 2028

    Table 7. Global Solid State Transformers (SST) Revenue (US$ Million) Market Share by Region (2017-2022))

    Table 8. Global Solid State Transformers (SST) Revenue Share by Region (2017-2022)

    Table 9. Global Solid State Transformers (SST) Revenue (US$ Million) Forecast by Region (2023-2028)

    Table 10. Global Solid State Transformers (SST) Revenue Share Forecast by Region (2023-2028)

    Table 11. Global Solid State Transformers (SST) Revenue by Players (2017-2022) & (US$ Million)

    Table 12. Global Solid State Transformers (SST) Revenue Share by Players (2017-2022)

    Table 13. Global Solid State Transformers (SST) Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Solid State Transformers (SST) as of 2021)

    Table 14. Ranking of Global Top Solid State Transformers (SST) Companies by Revenue (US$ Million) in 2021

    Table 15. Global 5 Largest Players Market Share by Solid State Transformers (SST) Revenue (CR5 and HHI) & (2017-2022)

    Table 16. Key Players Headquarters and Area Served

    Table 17. Key Players Solid State Transformers (SST) Product Solution and Service

    Table 18. Date of Enter into Solid State Transformers (SST) Market

    Table 19. Mergers & Acquisitions, Expansion Plans

    Table 20. Global Solid State Transformers (SST) Market Size by Type (2017-2022) & (US$ Million)

    Table 21. Global Solid State Transformers (SST) Revenue Market Share by Type (2017-2022)

    Table 22. Global Solid State Transformers (SST) Forecasted Market Size by Type (2023-2028) & (US$ Million)

    Table 23. Global Solid State Transformers (SST) Revenue Market Share by Type (2023-2028)

    Table 24. Global Solid State Transformers (SST) Market Size by Application (2017-2022) & (US$ Million)

    Table 25. Global Solid State Transformers (SST) Revenue Market Share by Application (2017-2022)

    Table 26. Global Solid State Transformers (SST) Forecasted Market Size by Application (2023-2028) & (US$ Million)

    Table 27. Global Solid State Transformers (SST) Revenue Market Share by Application (2023-2028)

    Table 28. United States Solid State Transformers (SST) Revenue by Company (2017-2022) & (US$ Million)

    Table 29. United States Solid State Transformers (SST) Revenue Market Share by Company (2017-2022)

    Table 30. United States Solid State Transformers (SST) Market Size by Type (2017-2022) & (K Units)

    Table 31. United States Solid State Transformers (SST) Market Size by Type (2023-2028) & (K Units)

    Table 32. United States Solid State Transformers (SST) Market Size by Application (2017-2022) & (K Units)

    Table 33. United States Solid State Transformers (SST) Market Size by Application (2023-2028) & (K Units)

    Table 34. Europe Solid State Transformers (SST) Revenue by Company (2017-2022) & (US$ Million)

    Table 35. Europe Solid State Transformers (SST) Revenue Market Share by Company (2017-2022)

    Table 36. Europe Solid State Transformers (SST) Market Size by Type (2017-2022) & (US$ Million)

    Table 37. Europe Solid State Transformers (SST) Market Size by Type (2023-2028) & (US$ Million)

    Table 38. Europe Solid State Transformers (SST) Market Size by Application (2017-2022) & (US$ Million)

    Table 39. Europe Solid State Transformers (SST) Market Size by Application (2023-2028) & (US$ Million)

    Table 40. China Solid State Transformers (SST) Revenue by Company (2017-2022) & (US$ Million)

    Table 41. China Solid State Transformers (SST) Revenue Market Share by Company (2017-2022)

    Table 42. China Solid State Transformers (SST) Market Size by Type (2017-2022) & (US$ Million)

    Table 43. China Solid State Transformers (SST) Market Size by Type (2023-2028) & (US$ Million)

    Table 44. China Solid State Transformers (SST) Market Size by Application (2017-2022) & (US$ Million)

    Table 45. China Solid State Transformers (SST) Market Size by Application (2023-2028) & (US$ Million)

    Table 46. Japan Solid State Transformers (SST) Revenue by Company (2017-2022) & (US$ Million)

    Table 47. Japan Solid State Transformers (SST) Revenue Market Share by Company (2017-2022)

    Table 48. Japan Solid State Transformers (SST) Market Size by Type (2017-2022) & (US$ Million)

    Table 49. Japan Solid State Transformers (SST) Market Size by Type (2023-2028) & (US$ Million)

    Table 50. Japan Solid State Transformers (SST) Market Size by Application (2017-2022) & (US$ Million)

    Table 51. Japan Solid State Transformers (SST) Market Size by Application (2023-2028) & (US$ Million)

    Table 52. Southeast Asia Solid State Transformers (SST) Revenue by Company (2017-2022) & (US$ Million)

    Table 53. Southeast Asia Solid State Transformers (SST) Revenue Market Share by Company (2017-2022)

    Table 54. Southeast Asia Solid State Transformers (SST) Market Size by Type (2017-2022) & (US$ Million)

    Table 55. Southeast Asia Solid State Transformers (SST) Market Size by Type (2023-2028) & (US$ Million)

    Table 56. Southeast Asia Solid State Transformers (SST) Market Size by Application (2017-2022) & (US$ Million)

    Table 57. Southeast Asia Solid State Transformers (SST) Market Size by Application (2023-2028) & (US$ Million)

    Table 58. India Solid State Transformers (SST) Revenue by Company (2017-2022) & (US$ Million)

    Table 59. India Solid State Transformers (SST) Revenue Market Share by Company (2017-2022)

    Table 60. India Solid State Transformers (SST) Market Size by Type (2017-2022) & (US$ Million)

    Table 61. India Solid State Transformers (SST) Market Size by Type (2023-2028) & (US$ Million)

    Table 62. India Solid State Transformers (SST) Market Size by Application (2017-2022) & (US$ Million)

    Table 63. India Solid State Transformers (SST) Market Size by Application (2023-2028) & (US$ Million)

    Table 64. ABB Company Details

    Table 65. ABB Description and Business Overview

    Table 66. ABB Solid State Transformers (SST) Product

    Table 67. ABB Revenue in Solid State Transformers (SST) Business (2017-2022) & (US$ Million)

    Table 68. ABB Recent Development

    Table 69. Siemens Company Details

    Table 70. Siemens Description and Business Overview

    Table 71. Siemens Solid State Transformers (SST) Product

    Table 72. Siemens Revenue in Solid State Transformers (SST) Business (2017-2022) & (US$ Million)

    Table 73. Siemens Recent Development

    Table 74. General electric Company Details

    Table 75. General electric Description and Business Overview

    Table 76. General electric Solid State Transformers (SST) Product

    Table 77. General electric Revenue in Solid State Transformers (SST) Business (2017-2022) & (US$ Million)

    Table 78. General electric Recent Development

    Table 79. Solid State Transformers (SST) Market Trends

    Table 80. Solid State Transformers (SST) Market Drivers

    Table 81. Solid State Transformers (SST) Market Challenges

    Table 82. Solid State Transformers (SST) Market Restraints

    Table 83. Research Programs/Design for This Report

    Table 84. Key Data Information from Secondary Sources

    Table 85. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Solid State Transformers (SST) Market Share by Type: 2021 VS 2028

    Figure 2. Single-stage Features

    Figure 3. Two-stage Features

    Figure 4. Three-stage Features

    Figure 5. Global Solid State Transformers (SST) Market Share by Application: 2021 VS 2028

    Figure 6. Alternative Power Generation Case Studies

    Figure 7. Smart Grid Case Studies

    Figure 8. Traction Locomotives Case Studies

    Figure 9. EV Charging Case Studies

    Figure 10. Others Case Studies

    Figure 11. Solid State Transformers (SST) Report Years Considered

    Figure 12. Global Solid State Transformers (SST) Market Size (US$ Million), Year-over-Year: 2017-2028

    Figure 13. Global Solid State Transformers (SST) Market Size, (US$ Million), 2017 VS 2021 VS 2028

    Figure 14. Global Solid State Transformers (SST) Revenue Market Share by Region: 2017 VS 2021

    Figure 15. United States Solid State Transformers (SST) Revenue (Million USD) Growth Rate (2017-2028)

    Figure 16. Europe Solid State Transformers (SST) Revenue (Million USD) Growth Rate (2017-2028)

    Figure 17. China Solid State Transformers (SST) Revenue (Million USD) Growth Rate (2017-2028)

    Figure 18. Japan Solid State Transformers (SST) Revenue (Million USD) Growth Rate (2017-2028)

    Figure 19. Southeast Asia Solid State Transformers (SST) Revenue (Million USD) Growth Rate (2017-2028)

    Figure 20. India Solid State Transformers (SST) Revenue (Million USD) Growth Rate (2017-2028)

    Figure 21. Global Solid State Transformers (SST) Market Share by Players in 2021

    Figure 22. Global Top Solid State Transformers (SST) Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Solid State Transformers (SST) as of 2021)

    Figure 23. The Top 10 and 5 Players Market Share by Solid State Transformers (SST) Revenue in 2021

    Figure 24. United States Solid State Transformers (SST) Market Share by Type (2017-2028)

    Figure 25. United States Solid State Transformers (SST) Market Share by Application (2017-2028)

    Figure 26. Europe Solid State Transformers (SST) Market Share by Type (2017-2028)

    Figure 27. Europe Solid State Transformers (SST) Market Share by Application (2017-2028)

    Figure 28. China Solid State Transformers (SST) Market Share by Type (2017-2028)

    Figure 29. China Solid State Transformers (SST) Market Share by Application (2017-2028)

    Figure 30. Japan Solid State Transformers (SST) Market Share by Type (2017-2028)

    Figure 31. Japan Solid State Transformers (SST) Market Share by Application (2017-2028)

    Figure 32. Southeast Asia Solid State Transformers (SST) Market Share by Type (2017-2028)

    Figure 33. Southeast Asia Solid State Transformers (SST) Market Share by Application (2017-2028)

    Figure 34. India Solid State Transformers (SST) Market Share by Type (2017-2028)

    Figure 35. India Solid State Transformers (SST) Market Share by Application (2017-2028)

    Figure 36. ABB Revenue Growth Rate in Solid State Transformers (SST) Business (2017-2022)

    Figure 37. Siemens Revenue Growth Rate in Solid State Transformers (SST) Business (2017-2022)

    Figure 38. General electric Revenue Growth Rate in Solid State Transformers (SST) Business (2017-2022)

    Figure 39. Bottom-up and Top-down Approaches for This Report

    Figure 40. Data Triangulation

    Figure 41. Key Executives Interviewed