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Solid State Transformer Market by Product Type and Application: Global Opportunity Analysis and Industry Forecast, 2021-2028

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    Report

  • 185 Pages
  • May 2021
  • Region: Global
  • Allied Market Research
  • ID: 5394289
Description Jump to:
The global solid-state transformer market was valued at $141.5 million in 2020, and is projected to reach $468.0 million by 2028, growing at a CAGR of 16.9% from 2021 to 2028.


Solid-state transformer (SST) is an amalgamation of high-powered semiconductor components, control circuitry, and conventional high frequency transformers. It is also known as smart transformer and intelligent universal transformer. The smart transformers are used to provide additional flexibility to control power distribution networks; thereby, facilitating the smooth conversion of AC to DC and DC to AC, as per requirement. Presently, it caters to a wide variety of applications, ranging from alternative power generation to traction locomotives, power grid and electric industries, and others.

The global solid-state transformer market is presently driven by various factors such as growing renewable electricity production, electric mobility, and heavy investments in smart grids and energy systems. The global shift from fossil-fuel based electricity toward cleaner renewable energy sources has put focus on the development of energy grids for providing load integration and power compensation. Solar photovoltaics and electric vehicles are based on direct current (DC) sources and have increased the demand for active power control; thus, driving the demand for smart transformers. Passive transformers are susceptible to DC offset and possess no controllability when employed in smart grids. In addition, SSTs, due to their versatility, are seen as a modern solution for power distribution applications in the traction, electric vehicles, and aerospace industries. SSTs can be utilized with the existing power distribution networks and plays a huge role in electric vehicle charging infrastructure. Moreover, solid-state transformers are used to effectively manage smart grids. Hence, growing investment and participation in the smart grids market will benefit the global solid-state transformer market in the long run. However, the high costs associated with solid-state transformers and inadequate SST testing infrastructure are expected to affect the market growth.

The application potential of SSTs are wide, ranging from locomotives, light rail, EV fast chargers, PV inverters, and battery energy storage systems. Some of these are emerging domains and are expected to offer lucrative opportunities for market growth during the forecast period. However, developments in the design of SSTs that include various configurations and components will help in product launches. New products will help in increasing the market share of solid-state transformers in the mainstream transformer market. Thus, developments in the design of present SSTs will offer fresh opportunities for the global solid-state transformer market during the forecast period. In addition, expansion and replacement of power grids with smart grids will increase the demand for solid-state transformers during the forecast period.

The global solid-state transformer market is segmented on the basis of product type, application, and region. Based on product type, the market is divided into distribution solid-state transformer, power solid-state transformer, and traction solid-state transformer. Applications include renewable power generation, electric vehicle charging stations, power distribution, traction locomotives, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major players operating in the solid-state transformer industry include Alstom SA, Eaton Corporation, General Electric Company, Hitachi ABB, Power Systems & Controls Inc., Red Box Aviation, Schneider Electric, Siemens AG, Varentec Inc., and Vollspark. The global solid-state transformer market report provides in-depth competitive analysis as well as profiles of these major players. Solid state transformer market opportunity is expected to be high through product development and product launches in the coming years.

Key Benefits for Stakeholders


  • The report provides an in-depth analysis of the current and emerging market trends and dynamics in the global solid-state transformer market.
  • It offers a detailed quantitative analysis of the current market and estimations through 2020-2028, which assists in identifying the prevailing market opportunities.
  • Comprehensive analysis of all regions helps determine the prevailing and future opportunities in these regions.
  • Comprehensive analysis of factors that drive and restrict the growth of the global solid-state transformer market is provided.
  • Growth of the renewable energy sector and electric vehicle market will lead to the upgrade of existing infrastructure, a positive trend for the global solid-state transformer market.

IMPACT OF COVID-19 ON THE GLOBAL SOLID-STATE TRANSFORMER MARKET
  • Most of the industries have become non-operational during this pandemic event. The lockdown imposed in various countries hit the operations of various power distribution companies; thus, impacting their financial health. This led to a decline in the demand for transformers.
  • Renewable energy generation is the largest application for solid-state transformer, which is also affected to a great extent during the pandemic. The pandemic negatively affected the demand for renewable energy generation. Complete or partial lockdown situation globally has led to supply chain disruption, leading to delays in project construction, having a direct impact on the commissioning of renewable electricity projects
  • In the global solar industry, more than 40% of the supply chain is reliant on supply from China and other Southeast Asian countries. China is the known source of this pandemic and the country is the most affected one in terms of material supply and material transport due to COVID-19. The above factors have impacted the growth of the global solid state transformer market.

Key Market Segments


Product Type
  • Distribution Solid-State Transformer
  • Power Solid-State Transformer
  • Traction Solid-State Transformer

Application
  • Renewable Power Generation
  • Electric Vehicle Charging Stations
  • Power Distribution
  • Traction Locomotives
  • Others

By Region


  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Players in the global solid-state transformer market:


1. Alstom SA
2. Eaton Corporation
3. General Electric Company
4. Hitachi ABB
5. Power Systems & Controls, Inc.
6. Red Box Aviation
7. Schneider Electric
8. Siemens AG
9. Varentec Inc.
10. Vollspark

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET SEGMENTS
1.3. KEY BENEFITS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3: MARKET LANDSCAPE
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. PORTER'S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Threat of new entrants
3.3.3. Threat of substitutes
3.3.4. Competitive rivalry
3.3.5. Bargaining power among buyers
3.4. MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING 2020
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. Pricing Analysis
3.7. Value Chain Analysis
3.8. Impact Of Key Regulation
3.9. Impact of COVID-19 on the global solid state transformer market
CHAPTER 4: SOLID STATE TRANSFORMER MARKET BY PRODUCT TYPE
4.1. OVERVIEW
4.2. DISTRIBUTION SOLID STATE TRANSFORMER
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis, by country
4.3. POWER SOLID STATE TRANSFORMER
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis, by country
4.4. TRACTION SOLID STATE TRANSFORMER
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis, by country
CHAPTER 5: SOLID STATE TRANSFORMER MARKET BY APPLICATION
5.1. OVERVIEW
5.2. RENEWABLE POWER GENERATION
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis, by country
5.3. ELECTRIC VEHICLE CHARGING STATIONS
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis, by country
5.4. POWER DISTRIBUTION
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis, by country
5.5. TRACTION LOCOMOTIVES
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis, by country
5.6. OTHERS
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis, by country
CHAPTER 6: SOLID STATE TRANSFORMER MARKET BY REGION
6.1. OVERVIEW
6.2. NORTH AMERICA
6.2.1. Key market trends and opportunities
6.2.2. Market size and forecast, by product type
6.2.3. Market size and forecast, by application
6.2.4. Market size and forecast, by Country
6.2.5. U. S.
6.2.5.1. Market size and forecast, by product type
6.2.5.2. Market size and forecast, by application
6.2.6. Canada
6.2.6.1. Market size and forecast, by product type
6.2.6.2. Market size and forecast, by application
6.2.7. Mexico
6.2.7.1. Market size and forecast, by product type
6.2.7.2. Market size and forecast, by application
6.3. EUROPE
6.3.1. Key market trends and opportunities
6.3.2. Market size and forecast, by product type
6.3.3. Market size and forecast, by application
6.3.4. Market size and forecast, by Country
6.3.5. Germany
6.3.5.1. Market size and forecast, by product type
6.3.5.2. Market size and forecast, by application
6.3.6. France
6.3.6.1. Market size and forecast, by product type
6.3.6.2. Market size and forecast, by application
6.3.7. UK
6.3.7.1. Market size and forecast, by product type
6.3.7.2. Market size and forecast, by application
6.3.8. Italy
6.3.8.1. Market size and forecast, by product type
6.3.8.2. Market size and forecast, by application
6.3.9. Spain
6.3.9.1. Market size and forecast, by product type
6.3.9.2. Market size and forecast, by application
6.3.10. Rest of Europe
6.3.10.1. Market size and forecast, by product type
6.3.10.2. Market size and forecast, by application
6.4. ASIA-PACIFIC
6.4.1. Key market trends and opportunities
6.4.2. Market size and forecast, by product type
6.4.3. Market size and forecast, by application
6.4.4. Market size and forecast, by Country
6.4.5. China
6.4.5.1. Market size and forecast, by product type
6.4.5.2. Market size and forecast, by application
6.4.6. Japan
6.4.6.1. Market size and forecast, by product type
6.4.6.2. Market size and forecast, by application
6.4.7. India
6.4.7.1. Market size and forecast, by product type
6.4.7.2. Market size and forecast, by application
6.4.8. South Korea
6.4.8.1. Market size and forecast, by product type
6.4.8.2. Market size and forecast, by application
6.4.9. Australia
6.4.9.1. Market size and forecast, by product type
6.4.9.2. Market size and forecast, by application
6.4.10. Rest of Asia-Pacific
6.4.10.1. Market size and forecast, by product type
6.4.10.2. Market size and forecast, by application
6.5. LAMEA
6.5.1. Key market trends and opportunities
6.5.2. Market size and forecast, by product type
6.5.3. Market size and forecast, by application
6.5.4. Market size and forecast, by Country
6.5.5. Brazil
6.5.5.1. Market size and forecast, by product type
6.5.5.2. Market size and forecast, by application
6.5.6. Saudi Arabia
6.5.6.1. Market size and forecast, by product type
6.5.6.2. Market size and forecast, by application
6.5.7. South Africa
6.5.7.1. Market size and forecast, by product type
6.5.7.2. Market size and forecast, by application
6.5.8. Rest of LAMEA
6.5.8.1. Market size and forecast, by product type
6.5.8.2. Market size and forecast, by application
CHAPTER 7: COMPANY PROFILES
7.1. ALSTOM SA
7.1.1. Company overview
7.1.2. Key Executives
7.1.3. Company snapshot
7.1.4. Operating business segments
7.1.5. Product portfolio
7.1.6. Business performance
7.1.7. Key strategic moves and developments
7.2. EATON CORPORATION
7.2.1. Company overview
7.2.2. Key Executives
7.2.3. Company snapshot
7.2.4. Operating business segments
7.2.5. Product portfolio
7.2.6. Business performance
7.2.7. Key strategic moves and developments
7.3. GENERAL ELECTRIC COMPANY
7.3.1. Company overview
7.3.2. Key Executives
7.3.3. Company snapshot
7.3.4. Operating business segments
7.3.5. Product portfolio
7.3.6. Business performance
7.3.7. Key strategic moves and developments
7.4. HITACHI ABB
7.4.1. Company overview
7.4.2. Key Executives
7.4.3. Company snapshot
7.4.4. Operating business segments
7.4.5. Product portfolio
7.4.6. Business performance
7.4.7. Key strategic moves and developments
7.5. POWER SYSTEMS AND CONTROLS, INC.
7.5.1. Company overview
7.5.2. Key Executives
7.5.3. Company snapshot
7.5.5. Product portfolio
7.5.7. Key strategic moves and developments
7.6. RED BOX AVIATION
7.6.1. Company overview
7.6.2. Key Executives
7.6.3. Company snapshot
7.6.5. Product portfolio
7.6.7. Key strategic moves and developments
7.7. SCHNEIDER ELECTRIC
7.7.1. Company overview
7.7.2. Key Executives
7.7.3. Company snapshot
7.7.4. Operating business segments
7.7.5. Product portfolio
7.7.6. Business performance
7.7.7. Key strategic moves and developments
7.8. SIEMENS AG
7.8.1. Company overview
7.8.2. Key Executives
7.8.3. Company snapshot
7.8.4. Operating business segments
7.8.5. Product portfolio
7.8.6. Business performance
7.8.7. Key strategic moves and developments
7.9. VARENTEC INC.
7.9.1. Company overview
7.9.2. Key Executives
7.9.3. Company snapshot
7.9.4. Operating business segments
7.9.5. Product portfolio
7.9.6. Business performance
7.9.7. Key strategic moves and developments
7.10. VOLLSPARK
7.10.1. Company overview
7.10.2. Key Executives
7.10.3. Company snapshot
7.10.4. Operating business segments
7.10.5. Product portfolio
7.10.6. Business performance
7.10.7. Key strategic moves and developments
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.1.1. Market player positioning, 2020
8.2. Product mapping of top 10 player
8.3. Competitive heatmap
8.4. Key developments
List of Tables
Table 1. Global Solid State Transformer Market, by Product Type 2020-2028 ($Million)
Table 2. Solid State Transformer Market for Distribution Solid State Transformer, by Region, 2020-2028 ($Million)
Table 3. Solid State Transformer Market for Power Solid State Transformer, by Region, 2020-2028 ($Million)
Table 4. Solid State Transformer Market for Traction Solid State Transformer, by Region, 2020-2028 ($Million)
Table 5. Global Solid State Transformer Market, by Application 2020-2028 ($Million)
Table 6. Solid State Transformer Market for Renewable Power Generation, by Region, 2020-2028 ($Million)
Table 7. Solid State Transformer Market for Electric Vehicle Charging Stations, by Region, 2020-2028 ($Million)
Table 8. Solid State Transformer Market for Power Distribution, by Region, 2020-2028 ($Million)
Table 9. Solid State Transformer Market for Traction Locomotives, by Region, 2020-2028 ($Million)
Table 10. Solid State Transformer Market for Others, by Region, 2020-2028 ($Million)
Table 11. Solid State Transformer Market for , by Region, , 2020-2028 ($Million)
Table 12. North America Solid State Transformer Market, by Product Type, 2020-2028 ($Million)
Table 13. North America Solid State Transformer Market, by Application, 2020-2028 ($Million)
Table 14. North America Solid State Transformer Market, by Country, 2020-2028 ($Million)
Table 15. U.S. Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 16. U.S. . Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 17. Canada Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 18. Canada Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 19. Mexico Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 20. Mexico Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 21. Europe Solid State Transformer Market, by Product Type, 2020-2028 ($Million)
Table 22. Europe Solid State Transformer Market, by Application, 2020-2028 ($Million)
Table 23. Europe Solid State Transformer Market, by Country, 2020-2028 ($Million)
Table 24. Germany Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 25. Germany Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 26. France Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 27. France Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 28. UK Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 29. UK Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 30. Italy Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 31. Italy Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 32. Spain Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 33. Spain Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 34. Rest of Europe Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 35. Rest of Europe Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 36. Asia-Pacific Solid State Transformer Market, by Product Type, 2020-2028 ($Million)
Table 37. Asia-Pacific Solid State Transformer Market, by Application, 2020-2028 ($Million)
Table 38. Asia-Pacific Solid State Transformer Market, by Country, 2020-2028 ($Million)
Table 39. China Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 40. China Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 41. Japan Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 42. Japan Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 43. India Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 44. India Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 45. South Korea Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 46. South Korea Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 47. Australia Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 48. Australia Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 49. Rest of Asia-Pacific Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 50. Rest of Asia-Pacific Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 51. LAMEA Solid State Transformer Market, by Product Type, 2020-2028 ($Million)
Table 52. LAMEA Solid State Transformer Market, by Application, 2020-2028 ($Million)
Table 53. LAMEA Solid State Transformer Market, by Country, 2020-2028 ($Million)
Table 54. Brazil Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 55. Brazil Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 56. Saudi Arabia Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 57. Saudi Arabia Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 58. South Africa Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 59. South Africa Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 60. Rest of LAMEA Solid State Transformer Market, by Product Type, 2020-2028 (Million)
Table 61. Rest of LAMEA Solid State Transformer Market, by Application, 2020-2028 (Million)
Table 62. Alstom Sa: Company Snapshot
Table 63. Alstom Sa: Operating Segments
Table 64. Alstom Sa: Product Portfolio
Table 65. Alstom Sa: Overall Financial Status ($Million)
Table 66. Eaton Corporation: Company Snapshot
Table 67. Eaton Corporation: Operating Segments
Table 68. Eaton Corporation: Product Portfolio
Table 69. Eaton Corporation: Overall Financial Status ($Million)
Table 70. General Electric Company: Company Snapshot
Table 71. General Electric Company: Operating Segments
Table 72. General Electric Company: Product Portfolio
Table 73. General Electric Company: Overall Financial Status ($Million)
Table 74. Hitachi Abb: Company Snapshot
Table 75. Hitachi Abb: Operating Segments
Table 76. Hitachi Abb: Product Portfolio
Table 77. Hitachi Abb: Overall Financial Status ($Million)
Table 78. Power Systems and Controls, Inc.: Company Snapshot
Table 79. Power Systems and Controls, Inc.: Operating Segments
Table 80. Power Systems and Controls, Inc: Product Portfolio
Table 81. Red Box Aviation: Company Snapshot
Table 82. Red Box Aviation: Operating Segments
Table 83. Red Box Aviation: Product Portfolio
Table 84. Schneider Electric: Company Snapshot
Table 85. Schneider Electric: Operating Segments
Table 86. Schneider Electric: Product Portfolio
Table 87. Schneider Electric: Overall Financial Status ($Million)
Table 88. Siemens Ag: Company Snapshot
Table 89. Siemens Ag: Operating Segments
Table 90. Siemens Ag: Product Portfolio
Table 91. Siemens Ag: Overall Financial Status ($Million)
Table 92. Varentec Inc.: Company Snapshot
Table 93. Varentec Inc.: Operating Segments
Table 94. Varentec Inc: Product Portfolio
Table 95. Vollspark: Company Snapshot
Table 96. Vollspark: Operating Segments
Table 97. Vollspark: Product Portfolio
List of Figures
Figure 1. Global Solid State Transformer Market Segmentation
Figure 2. Top Investment Pocket
Figure 3. Top Winning Strategies (%)
Figure 4. Distribution Solid State Transformer Market, 2020-2028 ($Million)
Figure 5. Power Solid State Transformer Market, 2020-2028 ($Million)
Figure 6. Traction Solid State Transformer Market, 2020-2028 ($Million)
Figure 7. Solid State Transformer Market for Renewable Power Generation, 2020-2028 ($Million)
Figure 8. Solid State Transformer Market for Electric Vehicle Charging Stations, 2020-2028 ($Million)
Figure 9. Solid State Transformer Market for Power Distribution, 2020-2028 ($Million)
Figure 10. Solid State Transformer Market for Traction Locomotives, 2020-2028 ($Million)
Figure 11. Solid State Transformer Market for Others, 2020-2028 ($Million)
Figure 12. Global Solid State Transformer, by Region, 2020 (%)
Figure 13. U.S. Solid State Transformer Market, 2020-2028 ($Million)
Figure 14. Canada Solid State Transformer Market, 2020-2028 ($Million)
Figure 15. Mexico Solid State Transformer Market, 2020-2028 ($Million)
Figure 16. Germany Solid State Transformer Market, 2020-2028 ($Million)
Figure 17. France Solid State Transformer Market, 2020-2028 ($Million)
Figure 18. U.S. lid State Transformer Market, 2020-2028 ($Million)
Figure 19. Italy Solid State Transformer Market, 2020-2028 ($Million)
Figure 20. Spain Solid State Transformer Market, 2020-2028 ($Million)
Figure 21. Rest of Europe Solid State Transformer Market, 2020-2028 ($Million)
Figure 22. China Solid State Transformer Market, 2020-2028 ($Million)
Figure 23. Japan Solid State Transformer Market, 2020-2028 ($Million)
Figure 24. India Solid State Transformer Market, 2020-2028 ($Million)
Figure 25. South Korea Solid State Transformer Market, 2020-2028 ($Million)
Figure 26. Australia Solid State Transformer Market, 2020-2028 ($Million)
Figure 27. Rest of Asia-Pacific Solid State Transformer Market, 2020-2028 ($Million)
Figure 28. Brazil Solid State Transformer Market, 2020-2028 ($Million)
Figure 29. Saudi Arabia Solid State Transformer Market, 2020-2028 ($Million)
Figure 30. South Africa Solid State Transformer Market, 2020-2028 ($Million)
Figure 31. Rest of LAMEA Solid State Transformer Market, 2020-2028 ($Million)
Figure 32. Market Player Positioning, 2020
Figure 33. Product Mapping of Top 10 Players
Figure 34. Competitive Heatmap of Key Players
Figure 35. Alstom Sa: Revenue, 2018-2020 ($Million)
Figure 36. Alstom Sa: RevenU.S. are by Region, 2020 (%)
Figure 37. Eaton Corporation: Revenue, 2018-2020 ($Million)
Figure 38. Eaton Corporation: RevenU.S. are by Region, 2020 (%)
Figure 39. Ge: Revenue, 2018-2020 ($Million)
Figure 40. Ge: RevenU.S. are by Region, 2020 (%)
Figure 41. Hitachi Abb: Revenue, 2018-2020 ($Million)
Figure 42. Hitachi Abb: RevenU.S. are by Region, 2020 (%)
Figure 43. Schneider: Revenue, 2018-2020 ($Million)
Figure 44. Schneider: RevenU.S. are by Region, 2020 (%)

Companies Mentioned

  • Alstom SA
  • Eaton Corporation
  • General Electric Company
  • Hitachi ABB
  • Power Systems & Controls Inc.
  • Red Box Aviation
  • Schneider Electric
  • Siemens AG
  • Varentec Inc.
  • Vollspark

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages185
PublishedMay 2021
Forecast Period2020 - 2028
Estimated Market Value ( USD ) in 2020 $ 141.5 million
Forecasted Market Value ( USD ) by 2028 $ 468 million
Compound Annual Growth Rate16.1%
Regions CoveredGlobal
No. of Companies Mentioned10

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  • Report
  • 82 Pages
  • Global
From
Global Solid-State Transformer Market by Voltage Level (HV/MV, MV/LV), Application (Automotive, Power Grids, Renewable Power Generation) - Forecast 2024-2030 - Product Image

Global Solid-State Transformer Market by Voltage Level (HV/MV, MV/LV), Application (Automotive, Power Grids, Renewable Power Generation) - Forecast 2024-2030

  • Report
  • 199 Pages
  • Global
From
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