Solid State Transformer
Forecast From 2019 to 2024
As per the latest reports by Knowledge Sourcing Intelligence, The solid state transformer
market is projected to witness a compound annual growth rate of 31.70% to reach to
total market value of US$667.280 million by 2024, from US$127.861 million in 2018. With
an increase in the use of distributed energy sources, solid state transformer is increasing
finding application in smart grids for a better control and reliable operation due to its high load
handling capacity and effective bidirectional flow. Increasing preference for renewable energy
source, growing use of traction locomotives and electric vehicles, and burgeoning investments
in smart grids and energy systems are some of the key factors driving the growth of the market.
Key Questions Answered By The Report
What will be Solid State Transformer Market from 2019 to 2024?
How are the major drivers and restraints affecting the Solid State Transformer
growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participant’s
Key strategies being adopted by vendors, with in-depth analysis along with their impact
on competition and market growth
Segments Covered Under Solid State Transformer Market are :
•Electric vehicle charging stations
•Alternative power generation
Middle East and Africa
Cooper Power Systems
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Solid State Transformer Market – Forecasts from 2019 to 2024
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