Dec 11, 2017   SOURCE: BusinessWire

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

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