New Solid State Transformers Market 2014 – 2020
Future Market Insights has announced publishing of a new Solid State Transformers Market: APAC Industry Analysis and Opportunity Assessment 2014-2020.
Future Market Insights has announced publishing of a new market research report “Solid State Transformers Market: APAC Industry Analysis and Opportunity Assessment 2014-2020”.
Solid state transformers (SST) are considered a key enabler for power grids, as they provide better control over the system, with high load handling capacity as well as efficient bi-directional power flow. Major applications of SST include locomotive and other traction systems, offshore energy generation systems (wind, tidal or any other source) and smart (power) grids, reports Future Market Insights.
According to the report, the SST market is in its nascent stage with a huge market potential in the distribution network of power grids. The overall market is expected to grow at a double-digit CAGR between 2012 and 2020. The APAC region is estimated to account for the highest market share by 2020.
Some of the major players in the SST market included in the report are ABB, Siemens AG, Alstom, Schneider Electric SA, Avago Technologies Limited, Bombardier, Inc., Cooper Power Systems, SPX Transformers, GE, Duke Energy, Plasmatechnics, Inc., Selco, Varentec and Gridco Systems.
The components manufacturing companies in the field of SST technology mentioned in the report are CREE, Inc., STMicroelectronics, Infineon Technologies and Mitsubishi Electric Corporation.
Source: Future Market Insights
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