Global Solid-State Transformer Market

BIS Research is a leading market intelligence and technology research company. BIS Research publishes in depth market intelligence reports focusing on the market estimations, technology analysis, emerging high growth applications, deeply segmented granular country level market data and other important market parameters useful in the strategic decision making for senior management. BIS Research provides multi client reports, company profiles, databases, and custom research services.

Copyright © 2022 BIS Research Inc.

All Rights Reserved. This document contains highly confidential information and is the sole property of BIS Research. Disclosing, copying, circulating, quoting or otherwise reproducing any or all contents of this document is strictly prohibited. Access to this information is provided exclusively for the benefit of the people or organization concerned. It may not be accessed by or offered whether for sale or otherwise to any third party.

Scope

1

1.1 Industry

1.1.1 Market Definition

1.1.2 Comparison between Solid-State Transformer and Conventional Transformer

1.1.3 Market

Importance of Solid-State Transformer........................37

1.1.3.1 Sustainable Development Goals in Energy Industry

1.1.4 Supply Chain Analysis................................................................................38

1.1.5 Ongoing Programs......................................................................................39

1.1.5.1 Governments Initiatives 39

1.1.5.2 R&D Projects

40

1.1.5.2.1 FREEDM System Center A Step toward Solid State Transformer Commercialization...................................................................................................40

1.1.5.2.1.1 Project 1: To Develop H8 AC DC Three Level Converter 40

1.1.5.2.1.2 Project 2: To Develop SiC Resonant Converter for (SST) in EV Charging Application. 41

1.1.5.2.1.3 Project 3: To Develop and Test a 1MVA Extreme Fast Charger Station using Wide Bandgap Devices (Funded by the U.S. Department of Energy) 41

1.1.5.2.1.4 Project 4: Mobile Utility Support Equipment Solid State Transformer (MUSE) enabled by HV 10kV SiC MOSFET 42

1.1.5.2.2 Highly Efficient and Reliable Smart Transformer (HEART), Funded by European Research Council (2014 2019)

42

1.1.5.3 Consortiums and Associations 43

1.2 Business Dynamics.........................................................................................45

1.2.1 Business Drivers

1.2.1.1 Increase in Renewable Power Generation

1.2.1.2

1.2.1.3

1.2.1.4

1.2.2

1.2.2.1

1.2.2.2

1.2.2.3

1.2.3

1.2.3.1

1.2.3.2

1.2.4

1.2.4.1

1.2.4.2

1.2.4.3

1.2.5

1.2.5.1

1.2.5.2

1.2.6

4.1.4.1.1.2 Key Manufacturers in the U.S........................................................................... 80 4.1.4.1.1.3 Business Challenges 80 4.1.4.1.1.4 Business Drivers 80 4.1.4.1.2 Product Type 80 4.1.4.1.2.1 U.S. Solid State Transformer Market (by Product Type) 80 4.1.4.1.3 Application 81 4.1.4.1.3.1 U.S. Solid State Transformer Market (by Application) 81

4.1.4.2 Canada..............................................................................................................81 4.1.4.2.1 Market 82 4.1.4.2.1.1 Buyer Attributes ................................................................................................ 82 4.1.4.2.1.2 Key Manufacturers in Canada 82 4.1.4.2.1.3 Business Challenges 82 4.1.4.2.1.4 Business Drivers 82 4.1.4.2.2 Product Type 83 4.1.4.2.2.1 Canada Solid State Transformer Market (by Product Type) 83 4.1.4.2.3 Application 83 4.1.4.2.3.1 Canada Solid State Transformer Market (by Application)................................ 83 4.1.4.3 Mexico 83 4.1.4.3.1 Market 84 4.1.4.3.1.1 Buyer Attributes 84 4.1.4.3.1.2 Key Manufacturers in Mexico 84 4.1.4.3.1.3 Business Challenges 84 4.1.4.3.1.4 Business Drivers 85 4.1.4.3.2 Product type.............................................................................................................85 4.1.4.3.2.1 Mexico Solid State Transformer Market (by Product Type) 85 4.1.4.3.3 Application 85 4.1.4.3.3.1 Mexico Solid State Transformer Market (by Application) 85

4.2 South America .................................................................................................87 4.2.1 Market...........................................................................................................87 4.2.1.1 Key Manufacturers in South America 87 4.2.1.2 Business Drivers 87

4.2.1.3 Business Challenges.........................................................................................87

4.2.2 Application...................................................................................................88

4.2.2.1 South America Solid State Transformer Market (by Application) 88

4.2.3 Product Type 88

4.2.3.1 South America Solid State Transformer Market (by Product Type) 88

4.2.4 South America (by Country) 89

4.2.4.1 Brazil 89 4.2.4.1.1 Market 90 4.2.4.1.1.1 Buyer Attributes 90

4.2.4.1.1.2 Key Manufacturers in Brazil 90 4.2.4.1.1.3 Business Challenges ........................................................................................ 90 4.2.4.1.1.4 Business Drivers 90 4.2.4.1.2 Product Type 91 4.2.4.1.2.1 Brazil Solid State Transformer Market (by Product Type) 91 4.2.4.1.3 Application 91 4.2.4.1.3.1 Brazil Solid State Transformer Market (by Application) 91

4.2.4.2 Rest of South America 91 4.2.4.2.1 Market......................................................................................................................92 4.2.4.2.1.1 Buyer Attributes 92 4.2.4.2.1.2 Key Manufacturers in the Rest of South America 92 4.2.4.2.1.3 Business Challenges 92 4.2.4.2.1.4 Business Drivers 92 4.2.4.2.2 Product Type 93 4.2.4.2.2.1 Rest-of-South America Solid-State Transformer Market (by Product Type) ....................................................................................................................... 93 4.2.4.2.3 Application 93 4.2.4.2.3.1 Rest of South America Solid State Transformer Market (by Application)........ 93

4.3 Europe ..............................................................................................................95

4.3.1 Market...........................................................................................................95 4.3.1.1 Key Manufacturers in Europe 95

4.3.1.2 Business Drivers................................................................................................95

4.3.1.3 Business Challenges 95

4.3.2 Application...................................................................................................96

4.3.2.1 Europe Solid-State Transformer Market (by Application) 96

4.3.3 Product Type ...............................................................................................96

4.3.3.1 Europe Solid-State Transformer Market (by Product Type) 96

4.3.4 Europe (by Country)....................................................................................97

4.3.4.1 Germany 97 4.3.4.1.1 Market 97 4.3.4.1.1.1 Buyer Attributes 97 4.3.4.1.1.2 Key Manufacturers in Germany........................................................................ 98 4.3.4.1.1.3 Business Challenges 98 4.3.4.1.1.4 Business Drivers 98 4.3.4.1.2 Product Type 99 4.3.4.1.2.1 Germany Solid State Transformer Market (by Product Type) 99 4.3.4.1.3 Application 99 4.3.4.1.3.1 Germany Solid State Transformer Market (by Application) 99 4.3.4.2 France................................................................................................................99 4.3.4.2.1 Market 100 4.3.4.2.1.1 Buyer Attributes .............................................................................................. 100 4.3.4.2.1.2 Key Manufacturers in France 100 4.3.4.2.1.3 Business Challenges 100 4.3.4.2.1.4 Business Drivers 100 4.3.4.2.2 Product Type 101 4.3.4.2.2.1 France Solid State Transformer Market (by Product Type) ........................... 101 4.3.4.2.3 Application 101 4.3.4.2.3.1 France Solid State Transformer Market (by Application) ............................... 101 4.3.4.3 Italy 101 4.3.4.3.1 Market 102 4.3.4.3.1.1 Buyer Attributes 102

4.3.4.3.1.2 Key Manufacturers in Italy .............................................................................. 102 4.3.4.3.1.3 Business Challenges 102 4.3.4.3.1.4 Business Drivers 102 4.3.4.3.2 Product Type 103 4.3.4.3.2.1 Italy Solid State Transformer Market (by Product Type) 103 4.3.4.3.3 Application 103 4.3.4.3.3.1 Italy Solid State Transformer Market (by Application) 103

4.3.4.4 Spain................................................................................................................103 4.3.4.4.1 Market 104 4.3.4.4.1.1 Buyer Attributes .............................................................................................. 104 4.3.4.4.1.2 Key Manufacturers in Spain 104 4.3.4.4.1.3 Business Challenges 104 4.3.4.4.1.4 Business Drivers 104 4.3.4.4.2 Product Type 105 4.3.4.4.2.1 Spain Solid State Transformer Market (by Product Type) 105 4.3.4.4.3 Application 105 4.3.4.4.3.1 Spain Solid State Transformer Market (by Application) ................................. 105 4.3.4.5 Rest of Europe 105 4.3.4.5.1 Market 106 4.3.4.5.1.1 Buyer Attributes 106 4.3.4.5.1.2 Key Manufacturers in the Rest of Europe 106 4.3.4.5.1.3 Business Challenges 106 4.3.4.5.1.4 Business Drivers 106 4.3.4.5.2 Product Type..........................................................................................................107 4.3.4.5.2.1 Rest of Europe Solid State Transformer Market (by Product Type) 107 4.3.4.5.3 Application 107 4.3.4.5.3.1 Rest of Europe Solid State Transformer Market (by Application) 107

4.4 U.K. .................................................................................................................109

4.4.1 Market.........................................................................................................109 4.4.1.1 Buyer Attributes 109 4.4.1.2 Key Manufacturers in the U.K. 109

4.4.1.3 Business Challenges.......................................................................................110

4.4.1.4 Business Drivers 110

4.4.2 Application.................................................................................................110

4.4.2.1 U.K. Solid-State Transformer Market (by Application) 110

4.4.3 Product Type .............................................................................................111 4.4.3.1 U.K. Solid-State Transformer Market (by Product Type) 111

4.5 Middle East and Africa ..................................................................................113

4.5.1 Market.........................................................................................................113

4.5.1.1 Key Manufacturers in the Middle East and Africa 113

4.5.1.2 Business Drivers 113 4.5.1.3 Business Challenges 113 4.5.2 Application 114

4.5.2.1 Middle East and Africa Solid State Transformer Market (by Application) 114 4.5.3 Product Type .............................................................................................114 4.5.3.1 Middle East and Africa Solid State Transformer Market (by Product Type) 114 4.5.4 Middle East and Africa (by Country)........................................................115

4.5.4.1 Saudi Arabia 115 4.5.4.1.1 Market 115 4.5.4.1.1.1 Buyer Attributes 115 4.5.4.1.1.2 Key Manufacturers in the Saudi Arabia 116 4.5.4.1.1.3 Business Challenges ...................................................................................... 116 4.5.4.1.1.4 Business Drivers 116 4.5.4.1.2 Product Type..........................................................................................................116 4.5.4.1.2.1 Saudi Arabia Solid State Transformer Market (by Product Type) 116 4.5.4.1.3 Application 117 4.5.4.1.3.1 Saudi Arabia Solid State Transformer Market (by Application) 117 4.5.4.2 South Africa 117 4.5.4.2.1 Market 117 4.5.4.2.1.1 Buyer Attributes 117

State Transformer Market

4.5.4.2.1.2 Key Manufacturers in South Africa................................................................. 117 4.5.4.2.1.3 Business Challenges 118 4.5.4.2.1.4 Business Drivers 118 4.5.4.2.2 Product Type 118 4.5.4.2.2.1 South Africa Solid State Transformer Market (by Product Type) 118 4.5.4.2.3 Application 119 4.5.4.2.3.1 South Africa Solid State Transformer Market (by Application) 119

4.5.4.3 Rest of Middle East and Africa........................................................................119 4.5.4.3.1 Market 119 4.5.4.3.1.1 Buyer Attributes .............................................................................................. 119 4.5.4.3.1.2 Key Manufacturers in the Rest of Middle East and Africa 119 4.5.4.3.1.3 Business Challenges 120 4.5.4.3.1.4 Business Drivers 120 4.5.4.3.2 Product Type 120 4.5.4.3.2.1 Rest of Middle East and Africa Solid State Transformer Market (by Product Type) 120 4.5.4.3.3 Application..............................................................................................................121 4.5.4.3.3.1 Rest of Middle East and Africa Solid State Transformer Market (by Application)............................................................................................................ 121

China...............................................................................................................123

Market.........................................................................................................123

Buyer Attributes

Key Manufacturers in China

Business Challenges

Business Drivers

Application.................................................................................................124

China Solid State Transformer Market (by Application)

Product Type

China Solid State Transformer Market (by Product Type)...............................124

Asia-Pacific

4.7.1 Market.........................................................................................................126

4.7.1.1 Key Manufacturers in Asia Pacific 126

4.7.1.2 Business Drivers..............................................................................................126

4.7.1.3 Business Challenges 126

4.7.2 Application.................................................................................................127

4.7.2.1 Asia-Pacific Solid-State Transformer Market (by Application) 127

4.7.3 Product Type .............................................................................................127

4.7.3.1 Asia-Pacific Solid-state transformer market (by Product Type) 127

4.7.4 Asia-Pacific (by Country)..........................................................................128

4.7.4.1 Japan 128 4.7.4.1.1 Market 128 4.7.4.1.1.1 Buyer Attributes 128 4.7.4.1.1.2 Key Manufacturers in Japan........................................................................... 129 4.7.4.1.1.3 Business Challenges 129 4.7.4.1.1.4 Business Drivers 129 4.7.4.1.2 Product Type 129 4.7.4.1.2.1 Japan Solid State Transformer Market (by Product Type) 129 4.7.4.1.3 Application 130 4.7.4.1.3.1 Japan Solid State Transformer Market (by Application) 130 4.7.4.2 India.................................................................................................................130 4.7.4.2.1 Market 130 4.7.4.2.1.1 Buyer Attributes .............................................................................................. 130 4.7.4.2.1.2 Key Manufacturers in India 131 4.7.4.2.1.3 Business Challenges 131 4.7.4.2.1.4 Business Drivers 131 4.7.4.2.2 Product Type 131 4.7.4.2.2.1 India Solid State Transformer Market (by Product Type)............................... 131 4.7.4.2.3 Application 132 4.7.4.2.3.1 India Solid State Transformer Market (by Application)................................... 132 4.7.4.3 South Korea 132

4.7.4.3.1 Market....................................................................................................................132 4.7.4.3.1.1 Buyer Attributes 132 4.7.4.3.1.2 Key Manufacturers in South Korea 133 4.7.4.3.1.3 Business Challenges 133 4.7.4.3.1.4 Business Drivers 133 4.7.4.3.2 Product Type 133 4.7.4.3.2.1 South Korea Solid State Transformer Market (by Product Type) 133 4.7.4.3.3 Application..............................................................................................................134 4.7.4.3.3.1 South Korea Solid-State Transformer Market (by Application) 134 4.7.4.4 Australia...........................................................................................................134 4.7.4.4.1 Market 134 4.7.4.4.1.1 Buyer Attributes 134 4.7.4.4.1.2 Key Manufacturers in Australia 135 4.7.4.4.1.3 Business Challenges 135 4.7.4.4.1.4 Business Drivers 135 4.7.4.4.2 Product Type 135 4.7.4.4.2.1 Australia Solid State Transformer Market (by Product Type)......................... 135 4.7.4.4.3 Application 136 4.7.4.4.3.1 Australia Solid State Transformer Market (by Application) 136 4.7.4.5 Rest of Asia Pacific 136 4.7.4.5.1 Market 136 4.7.4.5.1.1 Buyer Attributes 136 4.7.4.5.1.2 Key Manufacturers in the Rest of Asia Pacific 137 4.7.4.5.1.3 Business Challenges ...................................................................................... 137 4.7.4.5.1.4 Business Drivers 137 4.7.4.5.2 Product Type 137 4.7.4.5.2.1 Rest of Asia Pacific Solid State Transformer Market (by Product Type) 137 4.7.4.5.3 Application 138 4.7.4.5.3.1 Rest of Asia Pacific Solid State Transformer Market (by Application) 138

5.2 Company Profiles

5.2.1 Siemens Energy

5.2.1.1 Company Overview .........................................................................................143

5.2.1.2 Role of Siemens Energy in the Solid State Transformer Market 143 5.2.1.3 Product Portfolio..............................................................................................144 5.2.1.4 Business Model of Siemens Energy 144 5.2.1.5 Business Strategies.........................................................................................145 5.2.1.5.1 Market Developments 145 5.2.1.5.2 Product Developments...........................................................................................146

5.2.1.6 Corporate Strategies 146 5.2.1.6.1 Agreement, Joint Ventures, Collaborations, and Alliances 146 5.2.1.7 R&D Analysis 146 5.2.1.8 Analyst View 147 5.2.2 Alstom SA ..................................................................................................148 5.2.2.1 Company Overview 148 5.2.2.2 Role of Alstom SA in the Solid State Transformer Industry 148 5.2.2.3 Product Portfolio 148 5.2.2.4 Business Model of Alstom SA 149 5.2.2.5 Business Strategies 150 5.2.2.5.1 Market Developments 150 5.2.2.6 Corporate Strategies 150 5.2.2.6.1 Investment..............................................................................................................150 5.2.2.7 R&D Analysis 150 5.2.2.8 Analyst View....................................................................................................151

5.2.3 Eaton Corporation.....................................................................................152

5.2.3.1 Company Overview .........................................................................................152 5.2.3.2 Role of Eaton Corporation in the Solid State Transformer Industry 152 5.2.3.3 Product Portfolio..............................................................................................153 5.2.3.4 Business Model of Eaton Corporation 153

5.2.3.5 Corporate Strategies........................................................................................154 5.2.3.5.1 Agreement 154 5.2.3.5.2 Acquisitions............................................................................................................155 5.2.3.6 R&D Analysis 155 5.2.3.7 Analyst View....................................................................................................156

5.2.4 Hitachi Energy Ltd.....................................................................................157

5.2.4.1 Company Overview .........................................................................................157 5.2.4.2 Role of Hitachi Energy Ltd. in the Solid State Transformer Industry 157 5.2.4.3 Product Portfolio 158 5.2.4.4 Business Model of Hitachi Energy Ltd. 158 5.2.4.5 Corporate Strategies 159 5.2.4.5.1 Agreement and Collaboration 159 5.2.4.5.2 Merger and Acquisitions 160 5.2.4.6 R&D Analysis...................................................................................................160 5.2.4.7 Analyst View 161

5.2.5 Schneider Electric.....................................................................................162

5.2.5.1 Company Overview 162 5.2.5.2 Role of Schneider Electric in the Solid State Transformer Industry.................162 5.2.5.3 Product Portfolio 163 5.2.5.4 Business Model of Schneider Electric .............................................................163 5.2.5.5 Business Strategies 164 5.2.5.5.1 Product Developments...........................................................................................164 5.2.5.6 Corporate Strategies 165 5.2.5.6.1 Acquisition 165 5.2.5.7 R&D Analysis 165 5.2.5.8 Analyst View 166 5.2.6 Electric Research and Manufacturing Cooperative (ERMCO), Inc........167

5.2.6.1 Company Overview 167 5.2.6.2 Role of ERMCO, Inc. in the Solid State Transformer Industry 167

5.2.6.3 Product Portfolio..............................................................................................168

5.2.6.4 Business Model of ERMCO, Inc. 168 5.2.6.5 Business Strategies.........................................................................................169 5.2.6.5.1 Market Developments 169 5.2.6.6 Corporate Strategies........................................................................................169 5.2.6.6.1 Agreement, Partnership, Joint Ventures, Collaborations, and Alliances 169 5.2.6.6.2 Merger and Acquisitions 169

5.2.6.7 Analyst View 170

5.2.7 Murata Manufacturing Co., Ltd.................................................................171

5.2.7.1 Company Overview 171 5.2.7.2 Role of Murata Manufacturing Co., Ltd. in the Solid-State Transformer Industry 171 5.2.7.3 Product Portfolio 172 5.2.7.4 Business Model of Murata Manufacturing Co., Ltd. 172 5.2.7.5 Business Strategies 173 5.2.7.5.1 Product Developments 173 5.2.7.6 R&D Analysis 173

5.2.7.7 Analyst View....................................................................................................174

5.2.8 Standex International Corporation...........................................................175

5.2.8.1 Company Overview .........................................................................................175 5.2.8.2 Role of Standex International Corporation in the Solid State Transformer Industry............................................................................................................175 5.2.8.3 Product Portfolio 176 5.2.8.4 Business Model of Standex International Corporation.....................................176 5.2.8.5 Corporate Strategies 177 5.2.8.5.1 Acquisition..............................................................................................................177 5.2.8.6 R&D Analysis 177 5.2.8.7 Analyst View....................................................................................................178

5.2.9 Wilson Transformers.................................................................................179 5.2.9.1 Company Overview .........................................................................................179

5.2.9.2 Role of Wilson Transformers in the Solid State Transformer Industry ............179 5.2.9.3 Product Portfolio 179 5.2.9.4 Business Model of Wilson Transformers .........................................................180 5.2.9.5 Analyst View 180

5.2.10 General Electric.........................................................................................181

5.2.10.1 Company Overview 181 5.2.10.2 Role of General Electric in the Solid State Transformer Industry....................181 5.2.10.3 Product Portfolio 182 5.2.10.4 Business Model of General Electric.................................................................182 5.2.10.5 Corporate Strategies 183 5.2.10.5.1 Merger and Acquisitions 183 5.2.10.6 R&D Analysis 183 5.2.10.7 Analyst View 184 5.2.11 American Superconductor .......................................................................185 5.2.11.1 Company Overview 185 5.2.11.2 Role of American Superconductor in the Solid State Transformer Industry 185 5.2.11.3 Product Portfolio 185 5.2.11.4 Business Model of American Superconductor 186 5.2.11.5 Corporate Strategies 187 5.2.11.5.1 Acquisition 187 5.2.11.6 R&D Analysis 187 5.2.11.7 Analyst View....................................................................................................188 5.2.12 CG Power & Industrial Solutions Ltd.......................................................189 5.2.12.1 Company Overview .........................................................................................189 5.2.12.2 Role of CG Power & Industrial Solutions Ltd. in the Solid State Transformer Industry............................................................................................................189 5.2.12.3 Product Portfolio 190 5.2.12.4 Business Model of CG Power & Industrial Solutions Ltd.................................190 5.2.12.5 R&D Analysis 191

5.2.12.6 Analyst View....................................................................................................192

5.2.13 IONATE Limited.........................................................................................193

5.2.13.1 Company Overview .........................................................................................193 5.2.13.2 Role of IONATE Limited in the Solid State Transformer Industry 193 5.2.13.3 Product Portfolio..............................................................................................193 5.2.13.4 Analyst View 194

5.2.14 Raychem RPG Private Limited.................................................................195

5.2.14.1 Company Overview 195 5.2.14.2 Role of Raychem RPG Private Limited in the Solid State Transformer Industry 195 5.2.14.3 Product Portfolio..............................................................................................196 5.2.14.4 Analyst View 196

5.2.15 Shree Abirami Engineering Works...........................................................197 5.2.15.1 Company Overview 197 5.2.15.2 Role of Shree Abirami Engineering Works in the Solid State Transformer Industry 197 5.2.15.3 Product Portfolio..............................................................................................197 5.2.15.4 Analyst View 198

5.2.16 Southwest Electric Co...............................................................................199

5.2.16.1 Company Overview 199 5.2.16.2 Role of Southwest Electric Co. in the Solid State Transformer Industry .........199 5.2.16.3 Product Portfolio 199 5.2.16.4 Analyst View....................................................................................................200

5.2.17 Unimag Power Transformer .....................................................................201 5.2.17.1 Company Overview .........................................................................................201 5.2.17.2 Role of Unimag Power Transformer in the Solid State Transformer Industry............................................................................................................201 5.2.17.3 Product Portfolio 202 5.2.17.4 Analyst View....................................................................................................202

5.2.18 Bicron Electronics Company

5.2.18.1 Company Overview 203 5.2.18.2 Role of Bicron Electronics Company in the Solid State Transformer Industry 203 5.2.18.3 Product Portfolio..............................................................................................203 5.2.18.4 Analyst View 204

5.2.19 PowerUC ....................................................................................................205

5.2.19.1 Company Overview 205 5.2.19.2 Role of PowerUC in the Solid State Transformer Industry ..............................205 5.2.19.3 Product Portfolio 205 5.2.19.4 Analyst View....................................................................................................205 5.2.20 SVM Private Limited..................................................................................206 5.2.20.1 Company Overview .........................................................................................206 5.2.20.2 Role of SVM Private Limited in the Solid State Transformer Industry 206 5.2.20.3 Product Portfolio..............................................................................................206 5.2.20.4 Analyst View 207

List of Figures

Figure 1: Global Solid State Transformer Market, $Million, 2025 2031

Figure 2: Market Dynamics of the Global Solid State Transformer Market

Figure 3: Global Solid State Transformer Market (by Product Type), $Million, 2025 2031

Figure 4: Global Solid State Transformer Market (by Application), $Million, 2025 2031

Figure 5: Global Solid State Transformer Market (by Region), $Million, 2025 2031

Figure 6: Global Solid State Transformer Market Coverage

Figure 7: Supply Chain Analysis of Global Solid State Transformer Market

Figure 8: Global Solar Power Generation (TWh), 2011 2021

Figure 9: Share of Key Market Strategies and Developments, January 2018 December 2021

Figure 10: Solid State Transformer Patent Trend, January 2013 December 2021

Figure 11: Patent Analysis (by Applicant), January 2013 December 2021

Figure 12: Patents Analysis (by Region), January 2013 December 2021

Figure 13: Competitive Benchmarking Matrix

Figure 14: R&D Expenses of Siemens Energy, 2019-2021

Figure 15: R&D Expenses of Alstom SA, 2019 2021

Figure 16: R&D Expenses of Eaton Corporation, 2019 2021

Figure 17: R&D Expenses of Hitachi Energy Ltd., 2018 2020

Figure 18: R&D Expenses of Schneider Electric, 2019 2021

Figure 19: R&D Expenses of Murata Manufacturing Co., Ltd., 2019 2021

Figure 20: R&D Expenses of Standex International Corporation, 2019 2021

Figure 21: R&D Expenses of General Electric, 2019 2021

Figure 22: R&D Expenses of American Superconductor, 2019 2021

Figure 23: R&D Expenses of CG Power & Industrial Solutions Ltd., 2019 2021

Figure 24: Global Solid State Transformer Market: Research Methodology

Figure 25: Top Down and Bottom Up Approach

List of Tables

Table 1: Key Consortiums and Associations in Solid State Transformer Industry

Table 2: Business Strategies: Product Developments and Innovations

Table 3: Business Strategies: Business Expansions

Table 4: Corporate Strategies: Acquisitions

Table 5: Corporate Strategies: Partnership and Collaboration

Table 6: Corporate Strategies: Others (Agreement and Investment)

Table 7: Global Solid State Transformer Market (by Application), $Million, 2025 2031

Table 8: Global Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 9: Global Solid State Transformer Market (by Region), $Million, 2025 2031

Table 10: North America Solid State Transformer Market (by Application), $Million, 2025 2031

Table 11: North America Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 12: North America Solid State Transformer Market (by Country), $Million, 2025 2031

Table 13: U.S. Solid-State Transformer Market (by Product Type), $Million, 2025-2031

Table 14: U.S. Solid-State Transformer Market (by Application), $Million, 2025-2031

Table 15: Canada Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 16: Canada Solid State Transformer Market (by Application), $Million, 2025 2031

Table 17: Mexico Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 18: Mexico Solid State Transformer Market (by Application), $Million, 2025 2031

Table 19: South America Solid State Transformer Market (by Application), $Million, 2025 2031

Table 20: South America Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 21: South America Solid State Transformer Market (by Country), $Million, 2025 2031

Table 22: Brazil Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 23: Brazil Solid State Transformer Market (by Application), $Million, 2025 2031

Table 24: Rest of South America Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 25: Rest of South America Solid State Transformer Market (by Application), $Million, 2025 2031

Table 26: Europe Solid State Transformer Market (by Application), $Million, 2025 2031

Table 27: Europe Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 28: Europe Solid State Transformer Market (by Country), $Million, 2025 2031

Table 29: Germany Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 30: Germany Solid State Transformer Market (by Application), $Million, 2025 2031

Table 31: France Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 32: France Solid-State Transformer Market (by Application), $Million, 2025-2031

Table 33: Italy Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 34: Italy Solid State Transformer Market (by Application), $Million, 2025 2031

Table 35: Spain Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 36: Spain Solid State Transformer Market (by Application), $Million, 2025 2031

Table 37: Rest of Europe Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 38: Rest of Europe Solid State Transformer Market (by Application), $Million, 2025 2031

Table 39: U.K. Solid State Transformer Market (by Application), $Million, 2025 2031

Table 40: U.K. Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 41: Middle East and Africa Solid State Transformer Market (by Application), $Million, 2025 2031

Table 42: Middle East and Africa Solid-State Transformer Market (by Product Type), $Million, 2025-2031

Table 43: Middle East and Africa Solid-State Transformer Market (by Country), $Million, 2025-2031

Table 44: Saudi Arabia Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 45: Saudi Arabia Solid State Transformer Market (by Application), $Million, 2025 2031

Table 46: South Africa Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 47: South Africa Solid State Transformer Market (by Application), $Million, 2025 2031

Table 48: Rest of Middle East and Africa Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 49: Rest of Middle East and Africa Solid State Transformer Market (by Application), $Million, 2025 2031

Table 50: China Solid State Transformer Market (by Application), $Million, 2025 2031

Table 51: China Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 52: Asia Pacific Solid State Transformer Market (by Application), $Million, 2025 2031

Table 53: Asia Pacific Solid state transformer market (by Product Type), $Million, 2025 2031

Table 54: Asia Pacific Solid State Transformer Market (by Country), $Million, 2025 2031

Table 55: Japan Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 56: Japan Solid State Transformer Market (by Application), $Million, 2025 2031

Table 57: India Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 58: India Solid State Transformer Market (by Application), $Million, 2025 2031

Table 59: South Korea Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 60: South Korea Solid State Transformer Market (by Application), $Million, 2025 2031

Table 61: Australia Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 62: Australia Solid State Transformer Market (by Application), $Million, 2025 2031

Table 63: Rest of Asia Pacific Solid State Transformer Market (by Product Type), $Million, 2025 2031

Table 64: Rest of Asia Pacific Solid State Transformer Market (by Application), $Million, 2025 2031

Table 65: Siemens Energy: Product Portfolio

Table 66: Siemens Energy: Business Model Analysis

Table 67: Siemens Energy: Market Developments

Table 68: Siemens Energy: Product Developments

Table 69: Siemens Energy: Agreement

Table 70: Alstom SA: Product Portfolio

Table 71: Alstom SA: Business Model Analysis

Table 72: Alstom SA: Market Developments

Table 73: Alstom SA: Investment

Table 74: Eaton Corporation: Product Portfolio

Table 75: Eaton Corporation: Business Model Analysis

Table 76: Eaton Corporation: Agreement

Table 77: Eaton Corporation: Acquisitions

Table 78: Hitachi Energy Ltd.: Product Portfolio

Table 79: Hitachi Energy Ltd.: Business Model Analysis

Table 80: Hitachi Energy Ltd.: Agreement and Collaborations

Table 81: Hitachi Energy Ltd.: Mergers and Acquisitions

Table 82: Schneider Electric: Product Portfolio

Table 83: Schneider Electric: Business Model Analysis

Table 84: Schneider Electric: Product Developments

Table 85: Schneider Electric: Acquisition

Table 86: ERMCO, Inc.: Product Portfolio

Table 87: ERMCO, Inc.: Business Model Analysis

Table 88: ERMCO, Inc.: Market Developments

Table 89: ERMCO, Inc.: Partnerships, Joint Ventures, Collaborations, and Alliances

Table 90: ERMCO, Inc.: Mergers and Acquisitions

Table 91: Murata Manufacturing Co., Ltd.: Product Portfolio

Table 92: Murata Manufacturing Co., Ltd.: Business Model Analysis

Table 93: Murata Manufacturing Co., Ltd.: Product Developments

Table 94: Standex International Corporation: Product Portfolio

Table 95: Standex International Corporation: Business Model Analysis

Table 96: Standex International Corporation: Acquisition

Table 97: Wilson Transformers: Product Portfolio

Table 98: Wilson Transformers: Business Model Analysis

Table 99: General Electric: Product Portfolio

Table 100:General Electric: Business Model Analysis

Table 101:General Electric: Mergers and Acquisitions

Table 102:American Superconductor: Product Portfolio

Table 103:American Superconductor: Business Model Analysis

Table 104:American Superconductor: Acquisition

Table 105:CG Power & Industrial Solutions Ltd.: Product Portfolio

Table 106:CG Power & Industrial Solutions Ltd.: Business Model Analysis

Table 107:IONATE Limited: Product Portfolio

Table 108:Raychem RPG Private Limited: Product Portfolio

Table 109:Shree Abirami Engineering Works: Product Portfolio

Table 110:Southwest Electric Co.: Product Portfolio

Table 111:Unimag Power Transformer: Product Portfolio

Table 112:Bicron Electronics Company: Product Portfolio

Table 113:PowerUC: Product Portfolio

Table 114:SVM Private Limited: Product Portfolio

BIS Research Offerings:

We are on a mission to harness the potential of disruptive technologies to make businesses thrive in today’s digital age. We have a vision to be a leading and a preferred knowledge partner for corporates and institutions worldwide and assist them with market intelligence in emerging technologies, advisories, and other innovative solutions.

Disclaimer

BIS Research Inc. provides valuable market intelligence to an exclusive group of customers in response to orders. The report is licensed for the customer's internal use only and is subject to restrictions set henceforth. This document and its contents are confidential and may not be further distributed, published or reproduced, in whole or in part, by any medium or in any form for any purpose, without the express written consent of BIS Research Inc. Customer will not disclose the contents of the report, whether directly in any media or indirectly through incorporation in a database, marketing list, report or otherwise, or use or permit the use of Information to generate any statistical or other information that is or will be provided to third parties; or voluntarily produce Information in legal proceedings.

Market reports are based on expectations, estimates and projections as of the date such information is available. Any recommendation contained in this report may not be suitable for all investors or businesses. The market conclusions drawn are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BIS Research Inc. as of the date of such statements, are inherently subject to market fluctuations and business, economic and competitive uncertainties and contingencies.

For more details regarding permission, please contact us: Email: sales@bisresearch.com Tel: +1 510 404 8135