Every industry is dependent on power in order to perform all operations. Effective execution of these operations will require a constant supply of power with as minimal down time as possible. In this reference, solid state transformers
are able to provide reliable power with specific requirements. A solid state transformer is a device that can deliver bi-directional power flow and reactive power compensation. The soled state transformer differs from traditional transformers in the respect they provide an option for DC output. In a standard solid state transformer, the voltage is converted into high-frequency AC and the uses of power electronic-based converter and then is sent across to high-frequency transformer. Energy conservation is a key criteria on every government’s list. Green and renewable energy is the answer to the pending energy crisis, however, it is still a long way away from becoming the standard for power generation. In the meantime, solid state transformers are essential for effective power distribution with minimal loss. As such, companies will still be looking at their current solid state transformer demands and accordingly produce for their customers during the forecast period.
In terms of regional contribution, the APAC region will continue to contribute the highest to the region till well beyond the forecast period. The current vendors operating in the market will be investing in the PAC region as the number of manufacturing industries is high in the region and is creating the demand for solid state transformers globally.
Companies operating in this market are looking at increasing investments in R&D to look at more efficient solid-state transformers and will continue to do so during the forecast period.The Solid state transformer market can be segmented as
Following are just a few of the companies that are operating in the Solid state transformer market.
- on the basis of component
- Converters, Switches, High-frequency Transformers
- In terms of product
- Distribution Solid State Transformer, Traction Solid State Transformer, Power Solid State Transformer
- In terms of application
- Traction locomotive, Power Grid, EV Charging Stations and Power Generation
- By Geography
- North America, South America, APAC, Europe, Middle East and Africa
- ABB Ltd.,
- Alstom SA
- Amantys Limited
- Cooper Power Systems
- General Electric Co
- Gridbridge, Inc.,