Published by Coherent Market Insights
Posted on September 22, 2021
3 min readLast updated: February 3, 2026
The solid-state transformer market is projected to grow significantly by 2027, driven by smart grid investments and alternative energy sources.
The solid-state transformer market size is expected to grow from USD 100 million in 2023 to USD 241 million by 2027 at a CAGR of 15.8% from 2024 to 2027. Growing alternative energy, and increasing investments in smart grids and energy systems are some of the major factors driving the growth of the solid-state transformer market.
The Global Solid State Transformer Market report provides a comprehensive analysis of key market trends in the global Solid State Transformer market. It also includes a discussion of historical trends, current market conditions, competitive landscape, growth opportunities, and fact-based challenges. The report quantifies the market share held by major players in the industry and provides an in-depth view of the competitive landscape. In terms of revenue (US$) and production, the market size is calculated during the study period along with details about the factors (drivers and constraints) influencing the market growth.
Key Topics Covered in this Solid State Transformer Market Reports: Market Summary, Table of Contents, List of Figures, List of Tables, Report Structure, Segmentation
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Competition analysis
Global Solid State Transformer market players are defending and expanding their respective market share with a focus on mergers and acquisitions, joint ventures, and strategic partnerships. Some of the key players profiled in the study are:
ABB, Eaton Corporation plc., General Electric, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Kirloskar Electric Company, Synergy Transformers, SPX Transformers Solutions Inc., ERMCO, Alstom SA
Segments Covered in the Report
By Product Type, the market is primarily segmented into:
Distribution SST, Traction SST, Power SST
By Applications, the market is segmented into:
Alternate Power Generation, Traction Locomotives, Power Distribution, Electric Vehicle Charging, Unified Power Quality Controller (UPQC), Photovoltaic System, Others
The key player information is as follows:
This report surveys the global Solid State Transformer market and analyzes and surveys development status and forecasts in five different regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Key Benefits For Stakeholders
The Market Intelligence Platform helps you understand:
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The post Solid State Transformer Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021 – 2027 appeared first on Gatorledger.
The article focuses on the growth and trends in the global solid-state transformer market from 2021 to 2027.
Market growth is driven by investments in smart grids and alternative energy systems.
Key players include ABB, Eaton Corporation, General Electric, and Siemens AG.
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