Global Solid State (Smart) Transformer Market industry valued approximately USD 100.78 million in 2016 is anticipated to grow with a healthy growth rate of more than 25.12% over the forecast period 2017-2025. The shift from conventional transformers and increasing inclination for usage of solid state transformer or >super transformer' is speculated to fuel the growth of the industry. The increasing advancements in smart-grids solutions are also expected to promote the growth positively.
The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Product:
> Distribution Solid State Transformer
> Power Solid State Transformer
> Traction Solid State Transformer
Component:
> Converters
> High-Frequency Transformer
> Switches
Application:
> Alternate Power Generation
> Electric Vehicle Charging Stations
> Power Distribution
> Traction Locomotives
End-Use:
> Energy
> Transportation
Regions:
> North America
o U.S.
o Canada
> Europe
o UK
o Germany
> Asia Pacific
o China
o India
o Japan
> Latin America
o Brazil
o Mexico
> Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year - 2015
Base year - 2016
Forecast period - 2017 to 2025
Some of the key manufacturers involved in the market are General Electric, Cooper Power Systems, Mitsubishi Electric Corp., ABB Ltd., Siemens AG, Alstom, Schneider Electric SE, and GridBridge. New product launches focus on continuous technology innovations, acquisitions, and effective mergers are some of the strategies adopted by the key manufacturers. The companies are also trying to dominate the market by spending heavily in R&D for improved efficiency and dependability.
Target Audience of the Solid State (Smart) Transformer Market Study
> Key Consulting Companies & Advisors
> Large, medium-sized, and small enterprises
> Venture capitalists
> Value-Added Resellers (VARs)
> Third-party knowledge providers
> Investment bankers
> Investors
Please note that owing to the criticality of the Solid State (Smart) Transformer Market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation in order to cater to the most recent updates.