Navigation Links
Solid State (Smart) Transformer Market is expected to reach $5,043.39 million at a CAGR of 82.3% by 2020 - New Report by MarketsandMarkets

(PRWEB) February 23, 2013

According to the market research report “Solid State (Smart) Transformer Market – Global Forecast & Analysis (2012 – 2020) By Application (Smart Grid, Traction Locomotives, Electric Vehicle Charging Stations, Others), Component (Switches, High frequency Transformers, Converters, Others) & Geography” published by MarketsandMarkets, the total solid state transformers applications market is expected to reach $ 5,043.39 million at a CAGR of 82.3% from 2012 to 2020.

Browse 92 tables spread through 228 pages and in-depth Table of Content of “Solid State Transformer Market – Global Forecast & Analysis (2012 – 2020) By Application (Smart Grid, Traction Locomotives, Electric Vehicle Charging Stations, Others), Component (Switches, High frequency Transformers, Converters, Others) & Geography”.

Early buyers will receive 10% customization on this report.

Solid state transformers are mainly made up of power electronics-based components, also known as power devices. These devices are used to convert the characteristics (magnitude or frequency of voltage and current) of electric power to match or befit a particular application. Thus, they work on the basis of interdisciplinary technology. Power electronics has reduced the size of solid state transformers significantly. Reduction in size has increased the user-ability and flexibility of the products thereof.

Solid state transformer has a capability to operate at higher frequency range. Its physical size and weight ratio to the legacy transformer is more than 1:100. Solid state transformers have many advantages as compared to traditional transformers. Some of them are bidirectional power flow, high efficiency, high power quality, high flexibility, and low maintenance cost.

The market segmentation revolves around the four major market parameters, namely components, applications, technology, and geography. Solid state transformers are being developed for some special applications like power grids, traction locomotives, electric charging stations, and others. The most notable application of solid state transformers is distribution system in the power grid.

Solid State Transformer has a very niche market. Solid State Transformer has high potential on the distribution side of electricity transmission. The distribution of solid state transformer market is in introductory phase, and expected to witness exponential growth in the next 2 to 3 years. Traction transformer offers a great market opportunity to the solid state transformers. It has already been tested successfully in a couple of places in Europe and U.S. As such, in near future, SST would be used in traction transformers on a major scale.

Commercialization for SST is low at present. However, it will take off within the next two years.

With the new generation of solid-state transformers still being developed by a range of companies, it is likely that we will see them rolling out in just a few years as part of pilot programs and trials. However, in the long term, those in the industry are confident about solid-state transformers to be a significant piece of the smart grid puzzle.

Browse all the reports under - Semiconductor Category

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: sales(at)marketsandmarkets(dot)com
MarketsandMarkets Google Plus Profile
Connect with us on LinkedIn

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Consolidated Facility Now Offering Custom Made Service Plans for Businesses
2. GranuFlo Lawsuit Consolidation Supported by Fresenius Medical Care, Bernstein Liebhard LLP Reports
3. Nexium MDL Consolidated for Bone Fracture Lawsuits: AttorneyOne Informs
4. Everyday Vitamin Solidifies Position in Men’s and Women’s Everyday Health with Nature's Way Alive!® Whole Food Energizer Suite of Supplements
5. New monoclonal antibody inhibits tumor growth in advanced solid tumors in phase I clinical trial
6. Moffitt researchers identify unique immune gene signature across thousands of patients solid tumors
7. Massachusetts' Deval Patrick Wins "Green Governor of the Year Award" -- First State to Win Federal Approval for Offshore Wind Farms says BE
8. Cancer Rates Vary Widely by State, Race: CDC Report
9. Pozzuolo Rodden PC, Philadelphia Estate Planning Attorneys, Announce the Release of the Article "How To Use A Trust To Protect Your Children's Inheritance From Divorce"
10. PAACT Announces Upcoming Lecture on Prostate Cancer Options
11. Blood Thinners May Boost Survival for Prostate Cancer Patients: Study
Post Your Comments:
(Date:11/24/2015)... ... November 25, 2015 , ... Genesis Chiropractic Software helps ... creates an agreement between the practice owner and the patient that automatically manages ... and projections. Click here to learn more. , According ...
(Date:11/24/2015)... ... 2015 , ... New patients who wish to seek treatment for missing teeth ... at her Mississauga, ON practice. Dr. Williams has been providing dental service for over ... , Missing teeth can lead to a variety of complications if they are not ...
(Date:11/24/2015)... ... November 24, 2015 , ... ThirdLove, the fast-growing ... a week early, offering 40% off select bras and underwear styles, now through ... both mobile fit technology and the latest fashion, quickly becoming the next generation ...
(Date:11/24/2015)... ... November 24, 2015 , ... DMG Productions announced that they will feature ... quarter 2016 via Discovery Channel. Dates and show times TBA. , Aphria, Inc., is ... the business of producing and supplying medical marijuana pursuant to the Marijuana for Medical ...
(Date:11/24/2015)... Lake City, UT (PRWEB) , ... November 24, 2015 , ... ... to Forbes Magazine. For a business, it is critical that the first impression be ... a business, they are not likely to buy anything or want to return. They ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... , Nov. 25, 2015 On Tuesday, ... federal bellwether trial against Wright Medical Technology, Inc. ... their Conserve metal-on-metal hip implant device, awarded $11 ... a two week trial and three days of ... hip device was defectively designed and unreasonably dangerous, ...
(Date:11/25/2015)...  ARKRAY USA , Inc., a ... demonstrating the accuracy of its blood glucose meter systems. ... Diabetes and Cardiovascular Disease in Los Angeles ... ® 01 meter and the Assure ® ... to accurately measure glucose levels in blood is essential ...
(Date:11/25/2015)... MELVILLE, N.Y. , Nov. 25, 2015  Henry ... products and services to office-based dental, medical and animal ... Dental (GNYDM) Meeting the Henry Schein ConnectDental® Pavilion ... industry,s broadest array of open solutions designed to help ... Click here for a schedule of ...
Breaking Medicine Technology: