Market Research Analysis Solid State Transformers (SST) Market 2025 - Share | Page 2

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 up to only distribution level.
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.
Get a Sample Copy of This Report @
https://www.millioninsights.com/industry-reports/solid-state-smart-transformer-market/request-sample
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