Global Solid-State Transformers Market (2017-2023): Huge Investments In Smart Grids & Energy Systems – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Global
Solid-State Transformers Market Research Report Insights, Opportunity
Analysis, Market Shares and Forecast, 2017 – 2023" report has
been added to Research and Markets' offering.

Global Solid-State Transformers Market is anticipated to growing with an
attractive CAGR of 24.75% during 2016-2023. There are many major drivers
which enhance the global Solid-State Transformers Market such as,
growing use of traction locomotives & electric vehicles, huge
investments in smart grids and energy systems, increasing electricity
production, growth in industrialization and increasing preference for
renewable energy source. Moreover, growth of the electric vehicle (EV)
market and the allied infrastructure are few of the opportunities which
will impact the overall market of the Solid-State transformers market.
Apart from this, high initial cost incurred in the installation of solid
state transformers and insufficient solid-state transformers testing
infrastructure is impacting negatively to the Solid-State transformers
market worldwide.

The Solid-State Transformers Market is segmented on the basis of
product, component and application. On the basis of product is sub
divided into Distribution Solid State Transformer, Traction Solid State
Transformer, and Power Solid State Transformer. On the basis of
application is sub divided into Power Solid State Transformer, Power
(Distribution) Grid, Electric Vehicle (EV) Charging Stations,
Alternative Power Generation, and Others. On the basis of Components
market is sub divided into Converters, Switches, High-Frequency
Transformers and others. The alternative power generation segment is
anticipated to establish as the largest application for the solid-state
transformer market due to the uses of Wind energy, solar energy, and
tidal energy under alternative power generation.

Companies Mentioned

• ABB Ltd.
• Alstom
• Cooper Power Systems
• Crompton Greaves
• Eaton
• GE
• Gridco Systems
• Howard Industries
• Maschinenfabrik Reinhausen
• Mitsubishi Electric
• Schneider Electric
• Siemens AG
• SPX Transformer Solutions
• Tesla
• Varentec, Inc.

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/6sqzm4/global

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Related
Topics: Electricity