Dallas, TX -- (ReleaseWire) -- 04/07/2014 -- 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”, 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.
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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.
Scope of the report
This solid state transformer market research report categorizes the global market on the basis of them being used in different products, applications, the components used to manufacture them and geographical analysis; forecasting revenue, and analyzing trends in the market.
Solid State Transformer Market on the basis of products
The product section of the report is explained by first broadly defining conventional transformers and their types. Later, the concept of solid sate transformers is explained with their comparison with the traditional transformers.
Browse 92 tables spread through 228 pages and in-depth TOC of “Solid State Transformer Market”
Solid State Transformer Market on the basis of application
The application market is segmented into power grid, traction locomotives, electric vehicle charging stations, and others. The traction locomotives application is further divided in to sub-segments. The market trend for these applications is discussed.
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