Global Solid State Transformers (SST) Market Growth (Status and Outlook) 2022-2028
As the global economy mends, the 2021 growth of Solid State Transformers (SST) will have significant change from previous year. According to our latest study, the global Solid State Transformers (SST) market size is USD million in 2022 from USD 291.5 million in 2021, with a change of % between 2021 and 2022. The global Solid State Transformers (SST) market size will reach USD 1229.1 million in 2028, growing at a CAGR of 22.8% over the analysis period.
The United States Solid State Transformers (SST) market is expected at value of US$ million in 2021 and grow at approximately % CAGR during review period. China constitutes a % market for the global Solid State Transformers (SST) market, reaching US$ million by the year 2028. As for the Europe Solid State Transformers (SST) landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 5-year period.
Global main Solid State Transformers (SST) players cover ABB, Siemens, General electric, and , etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.
This report presents a comprehensive overview, market shares, and growth opportunities of Solid State Transformers (SST) market by product type, application, key players and key regions and countries.
Segmentation by type: breakdown data from 2017 to 2022 in Section 2.3; and forecast to 2028 in section 10.7.
Single-stage
Two-stage
Three-stage
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 10.8.
Alternative Power Generation
Smart Grid
Traction Locomotives
EV Charging
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report: Breakdown data in in Chapter 3.
ABB
Siemens
General electric
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Solid State Transformers (SST) Market Size 2017-2028
2.1.2 Solid State Transformers (SST) Market Size CAGR by Region 2017 VS 2022 VS 2028
2.2 Solid State Transformers (SST) Segment by Type
2.2.1 Single-stage
2.2.2 Two-stage
2.2.3 Three-stage
2.3 Solid State Transformers (SST) Market Size by Type
2.3.1 Solid State Transformers (SST) Market Size CAGR by Type (2017 VS 2022 VS 2028)
2.3.2 Global Solid State Transformers (SST) Market Size Market Share by Type (2017-2022)
2.4 Solid State Transformers (SST) Segment by Application
2.4.1 Alternative Power Generation
2.4.2 Smart Grid
2.4.3 Traction Locomotives
2.4.4 EV Charging
2.4.5 Others
2.5 Solid State Transformers (SST) Market Size by Application
2.5.1 Solid State Transformers (SST) Market Size CAGR by Application (2017 VS 2022 VS 2028)
2.5.2 Global Solid State Transformers (SST) Market Size Market Share by Application (2017-2022)
3 Solid State Transformers (SST) Market Size by Player
3.1 Solid State Transformers (SST) Market Size Market Share by Players
3.1.1 Global Solid State Transformers (SST) Revenue by Players (2020-2022)
3.1.2 Global Solid State Transformers (SST) Revenue Market Share by Players (2020-2022)
3.2 Global Solid State Transformers (SST) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2020-2022)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Solid State Transformers (SST) by Regions
4.1 Solid State Transformers (SST) Market Size by Regions (2017-2022)
4.2 Americas Solid State Transformers (SST) Market Size Growth (2017-2022)
4.3 APAC Solid State Transformers (SST) Market Size Growth (2017-2022)
4.4 Europe Solid State Transformers (SST) Market Size Growth (2017-2022)
4.5 Middle East & Africa Solid State Transformers (SST) Market Size Growth (2017-2022)
5 Americas
5.1 Americas Solid State Transformers (SST) Market Size by Country (2017-2022)
5.2 Americas Solid State Transformers (SST) Market Size by Type (2017-2022)
5.3 Americas Solid State Transformers (SST) Market Size by Application (2017-2022)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solid State Transformers (SST) Market Size by Region (2017-2022)
6.2 APAC Solid State Transformers (SST) Market Size by Type (2017-2022)
6.3 APAC Solid State Transformers (SST) Market Size by Application (2017-2022)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Solid State Transformers (SST) by Country (2017-2022)
7.2 Europe Solid State Transformers (SST) Market Size by Type (2017-2022)
7.3 Europe Solid State Transformers (SST) Market Size by Application (2017-2022)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Solid State Transformers (SST) by Region (2017-2022)
8.2 Middle East & Africa Solid State Transformers (SST) Market Size by Type (2017-2022)
8.3 Middle East & Africa Solid State Transformers (SST) Market Size by Application (2017-2022)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Solid State Transformers (SST) Market Forecast
10.1 Global Solid State Transformers (SST) Forecast by Regions (2023-2028)
10.1.1 Global Solid State Transformers (SST) Forecast by Regions (2023-2028)
10.1.2 Americas Solid State Transformers (SST) Forecast
10.1.3 APAC Solid State Transformers (SST) Forecast
10.1.4 Europe Solid State Transformers (SST) Forecast
10.1.5 Middle East & Africa Solid State Transformers (SST) Forecast
10.2 Americas Solid State Transformers (SST) Forecast by Country (2023-2028)
10.2.1 United States Solid State Transformers (SST) Market Forecast
10.2.2 Canada Solid State Transformers (SST) Market Forecast
10.2.3 Mexico Solid State Transformers (SST) Market Forecast
10.2.4 Brazil Solid State Transformers (SST) Market Forecast
10.3 APAC Solid State Transformers (SST) Forecast by Region (2023-2028)
10.3.1 China Solid State Transformers (SST) Market Forecast
10.3.2 Japan Solid State Transformers (SST) Market Forecast
10.3.3 Korea Solid State Transformers (SST) Market Forecast
10.3.4 Southeast Asia Solid State Transformers (SST) Market Forecast
10.3.5 India Solid State Transformers (SST) Market Forecast
10.3.6 Australia Solid State Transformers (SST) Market Forecast
10.4 Europe Solid State Transformers (SST) Forecast by Country (2023-2028)
10.4.1 Germany Solid State Transformers (SST) Market Forecast
10.4.2 France Solid State Transformers (SST) Market Forecast
10.4.3 UK Solid State Transformers (SST) Market Forecast
10.4.4 Italy Solid State Transformers (SST) Market Forecast
10.4.5 Russia Solid State Transformers (SST) Market Forecast
10.5 Middle East & Africa Solid State Transformers (SST) Forecast by Region (2023-2028)
10.5.1 Egypt Solid State Transformers (SST) Market Forecast
10.5.2 South Africa Solid State Transformers (SST) Market Forecast
10.5.3 Israel Solid State Transformers (SST) Market Forecast
10.5.4 Turkey Solid State Transformers (SST) Market Forecast
10.5.5 GCC Countries Solid State Transformers (SST) Market Forecast
10.6 Global Solid State Transformers (SST) Forecast by Type (2023-2028)
10.7 Global Solid State Transformers (SST) Forecast by Application (2023-2028)
11 Key Players Analysis
11.1 ABB
11.1.1 ABB Company Information
11.1.2 ABB Solid State Transformers (SST) Product Offered
11.1.3 ABB Solid State Transformers (SST) Revenue, Gross Margin and Market Share (2020-2022)
11.1.4 ABB Main Business Overview
11.1.5 ABB Latest Developments
11.2 Siemens
11.2.1 Siemens Company Information
11.2.2 Siemens Solid State Transformers (SST) Product Offered
11.2.3 Siemens Solid State Transformers (SST) Revenue, Gross Margin and Market Share (2020-2022)
11.2.4 Siemens Main Business Overview
11.2.5 Siemens Latest Developments
11.3 General electric
11.3.1 General electric Company Information
11.3.2 General electric Solid State Transformers (SST) Product Offered
11.3.3 General electric Solid State Transformers (SST) Revenue, Gross Margin and Market Share (2020-2022)
11.3.4 General electric Main Business Overview
11.3.5 General electric Latest Developments
12 Research Findings and Conclusion
List of Tables
Table 1. Solid State Transformers (SST) Market Size CAGR by Region (2017 VS 2022 VS 2028) & ($ Millions)
Table 2. Major Players of Single-stage
Table 3. Major Players of Two-stage
Table 4. Major Players of Three-stage
Table 5. Solid State Transformers (SST) Market Size CAGR by Type (2017 VS 2022 VS 2028) & ($ Millions)
Table 6. Global Solid State Transformers (SST) Market Size by Type (2017-2022) & ($ Millions)
Table 7. Global Solid State Transformers (SST) Market Size Market Share by Type (2017-2022)
Table 8. Solid State Transformers (SST) Market Size CAGR by Application (2017 VS 2022 VS 2028) & ($ Millions)
Table 9. Global Solid State Transformers (SST) Market Size by Application (2017-2022) & ($ Millions)
Table 10. Global Solid State Transformers (SST) Market Size Market Share by Application (2017-2022)
Table 11. Global Solid State Transformers (SST) Revenue by Players (2020-2022) & ($ Millions)
Table 12. Global Solid State Transformers (SST) Revenue Market Share by Player (2020-2022)
Table 13. Solid State Transformers (SST) Key Players Head office and Products Offered
Table 14. Solid State Transformers (SST) Concentration Ratio (CR3, CR5 and CR10) & (2020-2022)
Table 15. New Products and Potential Entrants
Table 16. Mergers & Acquisitions, Expansion
Table 17. Global Solid State Transformers (SST) Market Size by Regions 2017-2022 & ($ Millions)
Table 18. Global Solid State Transformers (SST) Market Size Market Share by Regions (2017-2022)
Table 19. Americas Solid State Transformers (SST) Market Size by Country (2017-2022) & ($ Millions)
Table 20. Americas Solid State Transformers (SST) Market Size Market Share by Country (2017-2022)
Table 21. Americas Solid State Transformers (SST) Market Size by Type (2017-2022) & ($ Millions)
Table 22. Americas Solid State Transformers (SST) Market Size Market Share by Type (2017-2022)
Table 23. Americas Solid State Transformers (SST) Market Size by Application (2017-2022) & ($ Millions)
Table 24. Americas Solid State Transformers (SST) Market Size Market Share by Application (2017-2022)
Table 25. APAC Solid State Transformers (SST) Market Size by Region (2017-2022) & ($ Millions)
Table 26. APAC Solid State Transformers (SST) Market Size Market Share by Region (2017-2022)
Table 27. APAC Solid State Transformers (SST) Market Size by Type (2017-2022) & ($ Millions)
Table 28. APAC Solid State Transformers (SST) Market Size Market Share by Type (2017-2022)
Table 29. APAC Solid State Transformers (SST) Market Size by Application (2017-2022) & ($ Millions)
Table 30. APAC Solid State Transformers (SST) Market Size Market Share by Application (2017-2022)
Table 31. Europe Solid State Transformers (SST) Market Size by Country (2017-2022) & ($ Millions)
Table 32. Europe Solid State Transformers (SST) Market Size Market Share by Country (2017-2022)
Table 33. Europe Solid State Transformers (SST) Market Size by Type (2017-2022) & ($ Millions)
Table 34. Europe Solid State Transformers (SST) Market Size Market Share by Type (2017-2022)
Table 35. Europe Solid State Transformers (SST) Market Size by Application (2017-2022) & ($ Millions)
Table 36. Europe Solid State Transformers (SST) Market Size Market Share by Application (2017-2022)
Table 37. Middle East & Africa Solid State Transformers (SST) Market Size by Region (2017-2022) & ($ Millions)
Table 38. Middle East & Africa Solid State Transformers (SST) Market Size Market Share by Region (2017-2022)
Table 39. Middle East & Africa Solid State Transformers (SST) Market Size by Type (2017-2022) & ($ Millions)
Table 40. Middle East & Africa Solid State Transformers (SST) Market Size Market Share by Type (2017-2022)
Table 41. Middle East & Africa Solid State Transformers (SST) Market Size by Application (2017-2022) & ($ Millions)
Table 42. Middle East & Africa Solid State Transformers (SST) Market Size Market Share by Application (2017-2022)
Table 43. Key Market Drivers & Growth Opportunities of Solid State Transformers (SST)
Table 44. Key Market Challenges & Risks of Solid State Transformers (SST)
Table 45. Key Industry Trends of Solid State Transformers (SST)
Table 46. Global Solid State Transformers (SST) Market Size Forecast by Regions (2023-2028) & ($ Millions)
Table 47. Global Solid State Transformers (SST) Market Size Market Share Forecast by Regions (2023-2028)
Table 48. Global Solid State Transformers (SST) Market Size Forecast by Type (2023-2028) & ($ Millions)
Table 49. Global Solid State Transformers (SST) Market Size Market Share Forecast by Type (2023-2028)
Table 50. Global Solid State Transformers (SST) Market Size Forecast by Application (2023-2028) & ($ Millions)
Table 51. Global Solid State Transformers (SST) Market Size Market Share Forecast by Application (2023-2028)
Table 52. ABB Details, Company Type, Solid State Transformers (SST) Area Served and Its Competitors
Table 53. ABB Solid State Transformers (SST) Product Offered
Table 54. ABB Solid State Transformers (SST) Revenue ($ million), Gross Margin and Market Share (2020-2022)
Table 55. ABB Main Business
Table 56. ABB Latest Developments
Table 57. Siemens Details, Company Type, Solid State Transformers (SST) Area Served and Its Competitors
Table 58. Siemens Solid State Transformers (SST) Product Offered
Table 59. Siemens Main Business
Table 60. Siemens Solid State Transformers (SST) Revenue ($ million), Gross Margin and Market Share (2020-2022)
Table 61. Siemens Latest Developments
Table 62. General electric Details, Company Type, Solid State Transformers (SST) Area Served and Its Competitors
Table 63. General electric Solid State Transformers (SST) Product Offered
Table 64. General electric Main Business
Table 65. General electric Solid State Transformers (SST) Revenue ($ million), Gross Margin and Market Share (2020-2022)
Table 66. General electric Latest Developments
List of Figures
Figure 1. Solid State Transformers (SST) Report Years Considered
Figure 2. Research Objectives
Figure 3. Research Methodology
Figure 4. Research Process and Data Source
Figure 5. Global Solid State Transformers (SST) Market Size Growth Rate 2017-2028 ($ Millions)
Figure 6. Global Solid State Transformers (SST) Market Size Market Share by Type in 2021
Figure 7. Solid State Transformers (SST) in Alternative Power Generation
Figure 8. Global Solid State Transformers (SST) Market: Alternative Power Generation (2017-2022) & ($ Millions)
Figure 9. Solid State Transformers (SST) in Smart Grid
Figure 10. Global Solid State Transformers (SST) Market: Smart Grid (2017-2022) & ($ Millions)
Figure 11. Solid State Transformers (SST) in Traction Locomotives
Figure 12. Global Solid State Transformers (SST) Market: Traction Locomotives (2017-2022) & ($ Millions)
Figure 13. Solid State Transformers (SST) in EV Charging
Figure 14. Global Solid State Transformers (SST) Market: EV Charging (2017-2022) & ($ Millions)
Figure 15. Solid State Transformers (SST) in Others
Figure 16. Global Solid State Transformers (SST) Market: Others (2017-2022) & ($ Millions)
Figure 17. Global Solid State Transformers (SST) Market Size Market Share by Application in 2021
Figure 18. Global Solid State Transformers (SST) Revenue Market Share by Player in 2021
Figure 19. Global Solid State Transformers (SST) Market Size Market Share by Regions (2017-2022)
Figure 20. Americas Solid State Transformers (SST) Market Size 2017-2022 ($ Millions)
Figure 21. APAC Solid State Transformers (SST) Market Size 2017-2022 ($ Millions)
Figure 22. Europe Solid State Transformers (SST) Market Size 2017-2022 ($ Millions)
Figure 23. Middle East & Africa Solid State Transformers (SST) Market Size 2017-2022 ($ Millions)
Figure 24. Americas Solid State Transformers (SST) Value Market Share by Country in 2021
Figure 25. Americas Solid State Transformers (SST) Consumption Market Share by Type in 2021
Figure 26. Americas Solid State Transformers (SST) Market Size Market Share by Application in 2021
Figure 27. United States Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 28. Canada Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 29. Mexico Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 30. Brazil Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 31. APAC Solid State Transformers (SST) Market Size Market Share by Region in 2021
Figure 32. APAC Solid State Transformers (SST) Market Size Market Share by Application in 2021
Figure 33. China Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 34. Japan Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 35. Korea Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 36. Southeast Asia Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 37. India Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 38. Australia Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 39. Europe Solid State Transformers (SST) Market Size Market Share by Country in 2021
Figure 40. Europe Solid State Transformers (SST) Market Size Market Share by Type in 2021
Figure 41. Europe Solid State Transformers (SST) Market Size Market Share by Application in 2021
Figure 42. Germany Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 43. France Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 44. UK Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 45. Italy Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 46. Russia Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 47. Middle East & Africa Solid State Transformers (SST) Market Size Market Share by Region in 2021
Figure 48. Middle East & Africa Solid State Transformers (SST) Market Size Market Share by Type in 2021
Figure 49. Middle East & Africa Solid State Transformers (SST) Market Size Market Share by Application in 2021
Figure 50. Egypt Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 51. South Africa Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 52. Israel Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 53. Turkey Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 54. GCC Country Solid State Transformers (SST) Market Size Growth 2017-2022 ($ Millions)
Figure 55. Americas Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 56. APAC Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 57. Europe Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 58. Middle East & Africa Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 59. United States Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 60. Canada Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 61. Mexico Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 62. Brazil Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 63. China Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 64. Japan Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 65. Korea Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 66. Southeast Asia Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 67. India Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 68. Australia Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 69. Germany Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 70. France Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 71. UK Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 72. Italy Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 73. Russia Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 74. Spain Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 75. Egypt Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 76. South Africa Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 77. Israel Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 78. Turkey Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
Figure 79. GCC Countries Solid State Transformers (SST) Market Size 2023-2028 ($ Millions)
