Global Solid State Transformers Market Forecast, 2014 – 2020

Transparency Market Research Reports included a detailed market survey and analysis trends on "Solid State Transformers Market". This report also includes more info about basic overview of the industry including definitions, applications and global market industry structure. A major infiltration of renewable energy generation into the existing generation mix within the next few years is likely to trigger the solid state transformers (SST) market. These transformers, composed of mainly power electronics based components can also be referred to as a type of power device. These devices are extremely effective in regulating the magnitude of voltage, current or frequency according to the application wise requirements. New technology proliferation in power electronics has significantly reduced the size of these transformers hence making them more flexible for customer use.

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A multitude of market drivers, especially major capacity addition and installation of renewable generation capacity is backing the solid state transformers market. Major R&D initiatives are underway to bring the SST’s from prototyping and research phases to commercial deployment and installation phase. These solid state transformers are likely to replace or moderately substitute the erstwhile distribution transformers being used currently.

These solid state transformers are capable of performing a large number of functions which can bolster the power delivery quality and stability of the electrical grid simultaneously. Not only do these transformers provide higher flexibility and efficiency, but are also capable of providing reactive power support to the grid according to demand.

As a result these solid state transformers provide power at a better power factor and quality. As the overall market sentiment gradually moves from centralized power generation systems to distributed systems, duly backed by smart...