19 September 2018: Global Solid
State Transformers (SST) Market is expected to grow at a positive CAGR
in the estimated period. A solid state transformer is a component comprising a
multi-stage power electronics converter isolated having a high frequency
transformer. On contrary, classical distribution transformer possess
characteristics such as bulkiness, harmful on exposure to external environment,
produces large inrush currents owing to core saturation. Whereas, a solid state
transformer overcomes all hurdles and offers output compensation, instantaneous
voltage regulation, voltage sag compensation, fault isolation, harmonic
isolation, DC output, environmental benefit and metering or advanced
distribution automation.
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The
need to manufacture solid state transformers rose due to need for conversion of
AC to AC step-up or step-down with some functions identical to that of a
conventional transformer. Simply put, the disadvantages offered by conventional
transformer are overcome by a solid state transformer and a more relevant and
precise output can be achieved. Also, it has the capacity to work as energy router
for smart grid energy internet. Hence, the field of application of power
electronic based solid state transformer is not limited upto only distribution
level.
 |
| Solid State Transformers |
Commercially,
the driving factors responsible for the growth of solid state transformers (SST)
market include growing demand for alternative power generation. Also, the
rising adoption of renewable power sources such as wind & solar energy,
traction locomotives are some major factors driving the solid state
transformers (SST) market growth.
Geographically,
the solid state transformers (SST) market spans North America, Latin America,
Europe, Asia-Pacific, Middle-East and Africa.North America dominates the market
growth in the estimated period owing to manufacture of solid state transformers
(SST) and high awareness among the consumers for power generation. APAC regions
are also expected to grow at a higher CAGR in the estimated period. MEA regions
pose as potential regions for the development of solid state transformers (SST)
market.
The
key players in the solid state transformers (SST) market include ABB Ltd.,
Schneider Electric SE, General Electric Co., Siemens AG, Alstom SA, Mitsubishi
Electric Corporation, Eaton Corporation plc (Cooper Power Systems), Gridbridge,
Inc., Varentec, Inc. and Maschinenfabrik Reinhausen (MR)
Market Segment:
The major manufacturers covered in this
report
•
ABB
•
Siemens
•
Alstom
•
Schneider Electric
•
Avago Technologies
•
Bombardier
•
Cooper Power Systems
•
SPX Transformers
•
GE
•
Duke Energy
Geographically, this report studies the
top producers and consumers, focuses on product capacity, production, value,
consumption, market share and growth opportunity in these key regions, covering
•
North America
•
Europe
•
China
•
Japan
•
Other Regions
On the basis of product, this report
displays the production, revenue, price, market share and growth rate of each
type, primarily split into
•
Distribution Solid State Transformer
•
Traction Solid State Transformer
•
Power Solid State Transformer
On the basis of the end
users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate for
each application, including
•
Alternative Power Generation
•
Smart Grid
•
Traction Locomotives
•
EV Charging
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