Table of Content

1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION AND SCOPE 24
1.3 INCLUSIONS AND EXCLUSIONS 25
1.4 STUDY SCOPE 25
1.4.1 MARKETS COVERED 25
1.4.2 YEARS CONSIDERED 25
1.5 CURRENCY 26
1.6 LIMITATIONS 26
1.7 MARKET STAKEHOLDERS 26
1.8 SUMMARY OF CHANGES 26

2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 1 SOLID-STATE TRANSFORMER MARKET: RESEARCH DESIGN 27
2.1.1 SECONDARY DATA 28
2.1.1.1 List of key secondary sources 28
2.1.1.2 Key data from secondary sources 28
2.1.2 PRIMARY DATA 29
2.1.2.1 Breakdown of primaries 29
2.1.2.2 Key data from primary sources 29
2.1.3 SECONDARY AND PRIMARY RESEARCH 30
2.1.3.1 Key industry insights 31
2.2 MARKET SIZE ESTIMATION 31
2.2.1 BOTTOM-UP APPROACH 32
2.2.1.1 Approach for arriving at market size using bottom-up analysis 32
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 32
2.2.2 TOP-DOWN APPROACH 33
2.2.2.1 Approach for arriving at market size using bottom-up analysis 33
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 33
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 34
FIGURE 4 MARKET BREAKDOWN AND DATA TRIANGULATION 34
2.4 RESEARCH ASSUMPTIONS 35
FIGURE 5 ASSUMPTION FOR RESEARCH STUDY 35
?

3 EXECUTIVE SUMMARY 36
FIGURE 6 HV/MV SEGMENT TO ACCOUNT FOR LARGE SHARE OF SOLID-STATE TRANSFORMER MARKET IN 2024 36
FIGURE 7 RENEWABLE POWER GENERATION SEGMENT OF SOLID-STATE TRANSFORMER MARKET TO GROW AT HIGHEST CAGR FROM 2024 TO 2030 37
FIGURE 8 SOLID-STATE TRANSFORMER MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2024 TO 2030 38

4 PREMIUM INSIGHTS 39
4.1 ATTRACTIVE OPPORTUNITIES IN SOLID-STATE TRANSFORMER MARKET 39
FIGURE 9 GROWTH OF ALTERNATIVE ENERGY SECTOR TO FUEL GLOBAL DEMAND FOR SOLID-STATE TRANSFORMERS 39
4.2 SOLID-STATE TRANSFORMER MARKET, BY VOLTAGE LEVEL 39
FIGURE 10 HV/MV SEGMENT TO ACCOUNT FOR LARGE SIZE OF SOLID-STATE TRANSFORMER MARKET FROM 2024 TO 2030 39
4.3 SOLID-STATE TRANSFORMER MARKET, BY INDUSTRY AND REGION 40
FIGURE 11 RENEWABLE POWER GENERATION SEGMENT AND APAC TO ACCOUNT FOR LARGEST SHARES OF SOLID-STATE TRANSFORMER MARKET IN 2024 40
4.4 SOLID-STATE TRANSFORMER MARKET, BY GEOGRAPHY 41
FIGURE 12 CHINA ESTIMATED TO HOLD LARGEST SHARE OF SOLID-STATE TRANSFORMER MARKET IN 2024 41

5 MARKET OVERVIEW 42
5.1 INTRODUCTION 42
5.2 MARKET DYNAMICS 42
FIGURE 13 SOLID-STATE TRANSFORMER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 42
5.2.1 DRIVERS 43
5.2.1.1 Growing alternative energy sector 43
FIGURE 14 GLOBAL ALTERNATIVE ENERGY PRODUCTION OUTLOOK (TERAWATT-HOURS) 43
TABLE 1 GLOBAL INSTALLED WIND ENERGY CAPACITY (GIGAWATT) 43
5.2.1.2 Increasing investments in smart grids and energy systems 44
TABLE 2 KEY SMART GRID INVESTMENT INITIATIVES 44
FIGURE 15 DRIVERS OF SOLID-STATE TRANSFORMER MARKET AND THEIR IMPACTS 44
5.2.2 RESTRAINTS 45
5.2.2.1 High initial costs of solid-state transformers 45
5.2.2.2 Reluctance of power companies to replace aging energy infrastructures 45
5.2.2.3 Global industrial slowdown due to COVID-19 45
FIGURE 16 RESTRAINTS OF SOLID-STATE TRANSFORMER MARKET AND THEIR IMPACTS 46
5.2.3 OPPORTUNITIES 46
5.2.3.1 Increasing adoption of electric vehicles and traction locomotives 46
5.2.3.2 Upcoming smart city projects in developing regions 47
FIGURE 17 OPPORTUNITIES OF SOLID-STATE TRANSFORMER MARKET AND THEIR IMPACTS 47
5.2.4 CHALLENGES 47
5.2.4.1 Trade-off between efficiency, reliability, and ultra-high voltage application of solid-state transformers 47
FIGURE 18 CHALLENGES OF SOLID-STATE TRANSFORMER MARKET AND THEIR IMPACTS 48
5.3 VALUE CHAIN ANALYSIS 48
FIGURE 19 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDITION DURING MANUFACTURING/ASSEMBLY STAGES 48
5.4 ECOSYSTEM 49
FIGURE 20 SOLID-STATE TRANSFORMER MARKET: ECOSYSTEM 49
5.5 PATENT ANALYSIS 50
5.6 PRICING ANALYSIS 50
5.7 CASE STUDY 50
5.7.1 FUTURE RENEWABLE ELECTRIC ENERGY DELIVERY AND MANAGEMENT SYSTEM?FREEDM SYSTEM 50
5.8 TECHNOLOGY TRENDS 50
5.8.1 SMART GRIDS 50

6 COMPONENTS USED IN SOLID-STATE TRANSFORMERS 51
6.1 INTRODUCTION 51
6.2 CONVERTERS 51
6.2.1 AC TO DC CONVERTERS 51
FIGURE 21 AC TO DC CONVERTER CIRCUIT DIAGRAM 51
6.2.2 DC TO AC CONVERTERS 52
6.2.3 DC TO DC CONVERTERS 52
6.3 SWITCHES 52
6.3.1 SIC POWER MOSFETS 52
6.3.2 POWER DIODES 52
6.3.3 INSULATED-GATE BIPOLAR TRANSISTORS 53
6.4 HIGH-FREQUENCY TRANSFORMERS 53
6.5 OTHERS 53
6.5.1 HIGH-VOLTAGE INDUCTORS 53
6.5.2 HIGH-VOLTAGE CAPACITORS 53
6.5.3 HIGH-VOLTAGE RESISTORS 53
6.6 SOLID-STATE TRANSFORMER ARCHITECTURE 54
6.6.1 SSTI-BLOCK 54
6.6.2 SSTBLOCK 54

7 CLASSIFICATION OF SOLID-STATE TRANSFORMERS 55
7.1 INTRODUCTION 55
7.2 POWER STAGES 55
7.2.1 ONE STAGE 55
7.2.2 TWO STAGE 55
7.2.3 THREE STAGE 55
7.3 ISOLATION STAGE CONTROLS 56
7.3.1 DECOUPLED ISOLATION STAGE CONTROLS 56
7.3.2 COUPLED ISOLATION STAGE CONTROLS 56

8 SOLID-STATE TRANSFORMER MARKET, BY VOLTAGE LEVEL 57
8.1 INTRODUCTION 58
FIGURE 22 HV/MV SEGMENT TO ACCOUNT FOR LARGE SIZE OF SOLID-STATE TRANSFORMER MARKET FROM 2024 TO 2030 58
TABLE 3 SOLID-STATE TRANSFORMER MARKET, BY VOLTAGE LEVEL,
2024–2030 (USD MILLION) 58
8.2 HV/MV 59
8.2.1 RENEWABLE POWER GENERATION SEGMENT OF HV/MV SOLID-STATE TRANSFORMER MARKET TO GROW AT HIGHEST CAGR FROM 2024 TO 2030 59
TABLE 4 HV/MV SOLID-STATE TRANSFORMER MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 59
TABLE 5 HV/MV SOLID-STATE TRANSFORMER MARKET, BY REGION,
2024–2030 (USD MILLION) 59
8.3 MV/LV 60
8.3.1 AUTOMOTIVE SEGMENT OF MV/LV SOLID-STATE TRANSFORMER MARKET TO GROW AT HIGHEST CAGR FROM 2024 TO 2030 60
FIGURE 23 AUTOMOTIVE SEGMENT TO HOLD LARGEST SIZE OF MV/LV SOLID-STATE TRANSFORMER MARKET FROM 2024 TO 2030 60
TABLE 6 MV/LV SOLID-STATE TRANSFORMER MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 61
TABLE 7 MV/LV SOLID-STATE TRANSFORMER MARKET, BY REGION,
2024–2030 (USD MILLION) 61

9 MODULAR STRUCTURE OF SOLID-STATE TRANSFORMERS 62
9.1 INTRODUCTION 62
9.2 POWER INTERCONNECTION 62
9.3 VOLTAGE INTERCONNECTION 62
9.4 PHASE INTERCONNECTION 62

10 SOLID-STATE TRANSFORMER MARKET, BY APPLICATION 63
10.1 INTRODUCTION 64
FIGURE 24 RENEWABLE POWER GENERATION SEGMENT TO HOLD LARGEST SIZE OF SOLID-STATE TRANSFORMER MARKET FROM 2024 TO 2030 64
TABLE 8 SOLID-STATE TRANSFORMER MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 64
10.2 RENEWABLE POWER GENERATION 66
10.2.1 RENEWABLE POWER GENERATION SEGMENT TO HOLD LARGEST SIZE OF SOLID-STATE TRANSFORMER MARKET FROM 2024 TO 2030 66
FIGURE 25 WIND POWER SEGMENT TO HOLD LARGEST SIZE OF SOLID-STATE TRANSFORMER MARKET FOR RENEWABLE POWER GENERATION FROM
2024 TO 2030 66
TABLE 9 SOLID-STATE TRANSFORMER MARKET FOR RENEWABLE POWER GENERATION, BY TYPE, 2024–2030 (USD MILLION) 66
TABLE 10 SOLID-STATE TRANSFORMER MARKET FOR RENEWABLE POWER GENERATION, BY REGION, 2024–2030 (USD MILLION) 67
TABLE 11 SOLID-STATE TRANSFORMER MARKET IN NORTH AMERICA FOR RENEWABLE POWER GENERATION, BY COUNTRY, 2024–2030 (USD MILLION) 67
TABLE 12 SOLID-STATE TRANSFORMER MARKET IN EUROPE FOR RENEWABLE POWER GENERATION, BY COUNTRY, 2024–2030 (USD MILLION) 67
TABLE 13 SOLID-STATE TRANSFORMER MARKET IN APAC FOR RENEWABLE POWER GENERATION, BY COUNTRY, 2024–2030 (USD THOUSAND) 68
TABLE 14 SOLID-STATE TRANSFORMER MARKET IN ROW FOR RENEWABLE POWER GENERATION, BY REGION, 2024–2030 (USD THOUSAND) 68
TABLE 15 SOLID-STATE TRANSFORMER MARKET FOR RENEWABLE POWER GENERATION, BY VOLTAGE LEVEL, 2024–2030 (USD MILLION) 68
10.2.2 WIND POWER 69
10.2.2.1 Wind power segment to account for largest size of solid-state transformer market for renewable power generation
from 2024 to 2030 69
FIGURE 26 SOLID-STATE TRANSFORMER MARKET IN APAC FOR RENEWABLE WIND POWER GENERATION TO GROW AT HIGHEST RATE FROM 2024 TO 2030 69
TABLE 16 SOLID-STATE TRANSFORMER MARKET FOR RENEWABLE WIND POWER GENERATION, BY REGION, 2024–2030 (USD MILLION) 69
10.2.3 SOLAR POWER 70
10.2.3.1 Popularity of solar power in APAC to drive growth of solid-state transformer market for renewable solar power generation from
2024 to 2030 70
TABLE 17 CUMULATIVE INSTALLED SOLAR PV CAPACITY IN KEY COUNTRIES,
2019 (GIGA WATT) 70
TABLE 18 SOLID-STATE TRANSFORMER MARKET FOR RENEWABLE SOLAR POWER GENERATION, BY REGION, 2024–2030 (USD MILLION) 71
10.2.4 TIDAL POWER 71
10.2.4.1 Tidal power segment of solid-state transformer market for renewable power generation to grow at slow rate owing to limited investments by governments due to COVID-19 71
TABLE 19 SOLID-STATE TRANSFORMER MARKET FOR RENEWABLE TIDAL POWER GENERATION, BY REGION, 2024–2030 (USD THOUSAND) 71
10.3 AUTOMOTIVE 72
10.3.1 GROWTH OF EV CHARGING INFRASTRUCTURES IN APAC TO FUEL DEMAND FOR SOLID-STATE TRANSFORMERS FROM 2024 TO 2030 72
TABLE 20 SOLID-STATE TRANSFORMER MARKET FOR AUTOMOTIVE, BY REGION,
2024–2030 (USD MILLION) 72
TABLE 21 SOLID-STATE TRANSFORMER MARKET IN NORTH AMERICA FOR AUTOMOTIVE, BY COUNTRY, 2024–2030 (USD THOUSAND) 73
TABLE 22 SOLID-STATE TRANSFORMER MARKET IN EUROPE FOR AUTOMOTIVE,
BY COUNTRY, 2024–2030 (USD MILLION) 73
TABLE 23 SOLID-STATE TRANSFORMER MARKET IN APAC FOR AUTOMOTIVE,
BY COUNTRY, 2024–2030 (USD MILLION) 73
TABLE 24 SOLID-STATE TRANSFORMER MARKET IN ROW FOR AUTOMOTIVE,
BY REGION, 2024–2030 (USD MILLION) 74
TABLE 25 SOLID-STATE TRANSFORMER MARKET FOR AUTOMOTIVE, BY VOLTAGE LEVEL, 2024–2030 (USD MILLION) 74
10.4 POWER GRIDS 75
10.4.1 MV/LV SEGMENT TO HOLD LARGE SIZE OF SOLID-STATE TRANSFORMER MARKET FOR POWER GRIDS IN 2030 75
TABLE 26 SOLID-STATE TRANSFORMER MARKET FOR POWER GRIDS, BY REGION, 2024–2030 (USD MILLION) 75
TABLE 27 SOLID-STATE TRANSFORMER MARKET IN NORTH AMERICA FOR POWER GRIDS, BY COUNTRY, 2024–2030 (USD THOUSAND) 75
TABLE 28 SOLID-STATE TRANSFORMER MARKET IN EUROPE FOR POWER GRIDS,
BY COUNTRY, 2024–2030 (USD THOUSAND) 76
TABLE 29 SOLID-STATE TRANSFORMER MARKET IN APAC FOR POWER GRIDS,
BY COUNTRY, 2024–2030 (USD THOUSAND) 76
TABLE 30 SOLID-STATE TRANSFORMER MARKET IN ROW FOR POWER GRIDS,
BY REGION, 2024–2030 (USD THOUSAND) 76
FIGURE 27 MV/LV SEGMENT TO HOLD LARGE SIZE OF SOLID-STATE TRANSFORMER MARKET FOR POWER GRIDS IN 2030 77
TABLE 31 SOLID-STATE TRANSFORMER MARKET FOR POWER GRIDS, BY VOLTAGE LEVEL, 2024–2030 (USD MILLION) 77
10.5 TRACTION LOCOMOTIVES 78
10.5.1 ELECTRIFICATION OF RAILWAYS TO DRIVE DEMAND FOR SOLID-STATE TRANSFORMERS USED IN TRACTION LOCOMOTIVES 78
TABLE 32 SOLID-STATE TRANSFORMER MARKET FOR TRACTION LOCOMOTIVES,
BY REGION, 2024–2030 (USD MILLION) 78
TABLE 33 SOLID-STATE TRANSFORMER MARKET IN NORTH AMERICA FOR TRACTION LOCOMOTIVES, BY COUNTRY, 2024–2030 (USD THOUSAND) 79
FIGURE 28 UK TO HOLD LARGEST SIZE OF SOLID-STATE TRANSFORMER MARKET
IN EUROPE FOR TRACTION LOCOMOTIVES FROM 2024 TO 2030 79
TABLE 34 SOLID-STATE TRANSFORMER MARKET IN EUROPE FOR TRACTION LOCOMOTIVES, BY COUNTRY, 2024–2030 (USD MILLION) 80
TABLE 35 SOLID-STATE TRANSFORMER MARKET IN APAC FOR TRACTION LOCOMOTIVES, BY COUNTRY, 2024–2030 (USD THOUSAND) 80
TABLE 36 SOLID-STATE TRANSFORMER MARKET IN ROW FOR TRACTION LOCOMOTIVES, BY REGION, 2024–2030 (USD THOUSAND) 80
TABLE 37 SOLID-STATE TRANSFORMER MARKET FOR TRACTION LOCOMOTIVES,
BY VOLTAGE LEVEL, 2024–2030 (USD MILLION) 81
10.6 OTHERS 81
FIGURE 29 SOLID-STATE TRANSFORMER MARKET IN APAC FOR OTHER APPLICATIONS TO GROW AT HIGHEST CAGR FROM 2024 TO 2030 82
TABLE 38 SOLID-STATE TRANSFORMER MARKET FOR OTHER APPLICATIONS, BY REGION, 2024–2030 (USD THOUSAND) 82
TABLE 39 SOLID-STATE TRANSFORMER MARKET IN NORTH AMERICA FOR OTHER APPLICATIONS, BY COUNTRY, 2024–2030 (USD THOUSAND) 82
TABLE 40 SOLID-STATE TRANSFORMER MARKET IN EUROPE FOR OTHER APPLICATIONS, BY COUNTRY, 2024–2030 (USD THOUSAND) 83
TABLE 41 SOLID-STATE TRANSFORMER MARKET IN APAC FOR OTHER APPLICATIONS, BY COUNTRY, 2024–2030 (USD THOUSAND) 83
TABLE 42 SOLID-STATE TRANSFORMER MARKET IN ROW FOR OTHER APPLICATIONS,
BY REGION, 2024–2030 (USD THOUSAND) 83
TABLE 43 SOLID-STATE TRANSFORMER MARKET FOR OTHER APPLICATIONS,
BY VOLTAGE LEVEL, 2024–2030 (USD MILLION) 84

11 GEOGRAPHIC ANALYSIS 85
11.1 INTRODUCTION 86
FIGURE 30 SOLID-STATE TRANSFORMER MARKET IN CHINA PROJECTED TO GROW AT HIGHEST CAGR FROM 2024 TO 2030 86
TABLE 44 SOLID-STATE TRANSFORMER MARKET, BY REGION,
2024–2030 (USD MILLION) 86
11.2 NORTH AMERICA 87
FIGURE 31 NORTH AMERICA: SOLID-STATE TRANSFORMER MARKET SNAPSHOT 88
11.2.1 US 88
11.2.1.1 US to hold largest share of solid-state transformer market in North America 88
11.2.2 CANADA 89
11.2.2.1 Solid-state transformers to be implemented mainly in renewable power generation sector in Canada 89
11.2.3 MEXICO 89
11.2.3.1 Mexico-based companies and associations constantly striving to develop solid-state transformers used in renewable energy generation sector 89
TABLE 45 SOLID-STATE TRANSFORMER MARKET IN NORTH AMERICA, BY COUNTRY, 2024–2030 (USD MILLION) 89
TABLE 46 SOLID-STATE TRANSFORMER MARKET IN US, BY APPLICATION,
2024–2030 (USD MILLION) 89
TABLE 47 SOLID-STATE TRANSFORMER MARKET IN CANADA, BY APPLICATION,
2024–2030 (USD THOUSAND) 90
TABLE 48 SOLID-STATE TRANSFORMER MARKET IN MEXICO, BY APPLICATION,
2024–2030 (USD THOUSAND) 90
TABLE 49 SOLID-STATE TRANSFORMER MARKET IN NORTH AMERICA, BY APPLICATION, 2024–2030 (USD THOUSAND) 90
TABLE 50 SOLID-STATE TRANSFORMER MARKET IN NORTH AMERICA FOR RENEWABLE POWER GENERATION, BY TYPE, 2024–2030 (USD THOUSAND) 91
TABLE 51 SOLID-STATE TRANSFORMER MARKET IN NORTH AMERICA, BY VOLTAGE LEVEL, 2024–2030 (USD MILLION) 91
11.3 EUROPE 91
FIGURE 32 EUROPE: SOLID-STATE TRANSFORMER MARKET SNAPSHOT 92
11.3.1 GERMANY 92
11.3.1.1 Germany projected to account for largest share of solid-state transformer market in Europe from 2024 to 2030 92
11.3.2 UK 93
11.3.2.1 UK among key markets for tidal energy in Europe 93
11.3.3 FRANCE 93
11.3.3.1 Growth of electric vehicle market in France to contribute to demand for solid-state transformers 93
11.3.4 REST OF EUROPE 93
TABLE 52 SOLID-STATE TRANSFORMER MARKET IN EUROPE, BY COUNTRY,
2024–2030 (USD MILLION) 93
TABLE 53 SOLID-STATE TRANSFORMER MARKET IN GERMANY, BY APPLICATION, 2024–2030 (USD THOUSAND) 94
TABLE 54 SOLID-STATE TRANSFORMER MARKET IN UK, BY APPLICATION,
2024–2030 (USD MILLION) 94
TABLE 55 SOLID-STATE TRANSFORMER MARKET IN FRANCE, BY APPLICATION,
2024–2030 (USD MILLION) 94
TABLE 56 SOLID-STATE TRANSFORMER MARKET IN REST OF EUROPE, BY APPLICATION, 2024–2030 (USD MILLION) 95
TABLE 57 SOLID-STATE TRANSFORMER MARKET IN EUROPE, BY APPLICATION,
2024–2030 (USD MILLION) 95
TABLE 58 SOLID-STATE TRANSFORMER MARKET IN EUROPE FOR RENEWABLE POWER GENERATION, BY TYPE, 2024–2030 (USD THOUSAND) 95
TABLE 59 SOLID-STATE TRANSFORMER MARKET IN EUROPE, BY VOLTAGE LEVEL, 2024–2030 (USD MILLION) 96
11.4 APAC 97
FIGURE 33 APAC: SOLID-STATE TRANSFORMER MARKET SNAPSHOT 97
11.4.1 CHINA 98
11.4.1.1 China to hold largest share of solid-state transformer market in
APAC from 2024 to 2030 98
11.4.2 JAPAN 98
11.4.2.1 Risen government investments for renewable power generation
in Japan to fuel market growth 98
11.4.3 INDIA 98
11.4.3.1 Investments in renewable energy projects in India to drive growth
of market for solid-state transformers 98
11.4.4 REST OF APAC 99
TABLE 60 SOLID-STATE TRANSFORMER MARKET IN APAC, BY COUNTRY,
2024–2030 (USD MILLION) 99
TABLE 61 SOLID-STATE TRANSFORMER MARKET IN CHINA, BY APPLICATION,
2024–2030 (USD MILLION) 99
TABLE 62 SOLID-STATE TRANSFORMER MARKET IN JAPAN, BY APPLICATION,
2024–2030 (USD THOUSAND) 100
TABLE 63 SOLID-STATE TRANSFORMER MARKET IN INDIA, BY APPLICATION,
2024–2030 (USD MILLION) 100
TABLE 64 SOLID-STATE TRANSFORMER MARKET IN REST OF APAC, BY APPLICATION, 2024–2030 (USD THOUSAND) 100
TABLE 65 SOLID-STATE TRANSFORMER MARKET IN APAC, BY APPLICATION,
2024–2030 (USD MILLION) 101
TABLE 66 SOLID-STATE TRANSFORMER MARKET IN APAC FOR RENEWABLE POWER GENERATION, BY TYPE, 2024–2030 (USD THOUSAND) 101
TABLE 67 SOLID-STATE TRANSFORMER MARKET IN APAC, BY VOLTAGE LEVEL,
2024–2030 (USD MILLION) 101
11.5 REST OF THE WORLD 102
FIGURE 34 ROW: SOLID-STATE TRANSFORMER MARKET SNAPSHOT 102
11.5.1 MIDDLE EAST AND AFRICA 102
11.5.1.1 Investments in EV charging infrastructures expected to fuel market growth 102
11.5.2 SOUTH AMERICA 103
11.5.2.1 Solid-state transformer market in South America to grow at slower pace than other regions in RoW 103
TABLE 68 SOLID-STATE TRANSFORMER MARKET IN ROW, BY REGION,
2024–2030 (USD MILLION) 103
TABLE 69 SOLID-STATE TRANSFORMER MARKET IN MIDDLE EAST AND AFRICA,
BY APPLICATION, 2024–2030 (USD THOUSAND) 103
TABLE 70 SOLID-STATE TRANSFORMER MARKET IN SOUTH AMERICA, BY APPLICATION, 2024–2030 (USD THOUSAND) 104
TABLE 71 SOLID-STATE TRANSFORMER MARKET IN ROW, BY APPLICATION,
2024–2030 (USD THOUSAND) 104
TABLE 72 SOLID-STATE TRANSFORMER MARKET IN ROW FOR RENEWABLE POWER GENERATION, BY TYPE, 2024–2030 (USD THOUSAND) 104
TABLE 73 SOLID-STATE TRANSFORMER MARKET IN ROW, BY VOLTAGE LEVEL,
2024–2030 (USD MILLION) 105

12 COMPETITIVE LANDSCAPE 106
12.1 OVERVIEW 106
12.2 MARKET SHARE ANALYSIS: SOLID-STATE TRANSFORMER MARKET 106
FIGURE 35 OVERALL MARKET SHARE ANALYSIS OF SOLID-STATE
TRANSFORMER MARKET FOR 2024 106
12.3 COMPETITIVE EVALUATION QUADRANT 108
12.3.1 STAR 108
12.3.2 EMERGING LEADER 108
12.3.3 PERVASIVE 108
12.3.4 PARTICIPANT 108
FIGURE 36 COMPETITIVE EVALUATION QUADRANT 109
TABLE 74 COMPANY APPLICATION FOOTPRINT 110
TABLE 75 COMPANY REGION FOOTPRINT 110

13 COMPANY PROFILES 111
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 KEY PLAYERS 111
13.1.1 HITACHI 111
FIGURE 37 HITACHI: COMPANY SNAPSHOT 111
13.1.2 SCHNEIDER ELECTRIC 113
FIGURE 38 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 113
13.1.3 SIEMENS 115
FIGURE 39 SIEMENS: COMPANY SNAPSHOT 115
13.1.4 MITSUBISHI ELECTRIC 117
FIGURE 40 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT 117
13.1.5 GENERAL ELECTRIC 119
FIGURE 41 GENERAL ELECTRIC: COMPANY SNAPSHOT 119
13.1.6 EATON 121
FIGURE 42 EATON: COMPANY SNAPSHOT 121
13.1.7 VARENTEC 122
13.1.8 AMANTYS 123
13.1.9 ERMCO 124
13.1.10 SPX TRANSFORMER SOLUTIONS 125
FIGURE 43 SPX TRANSFORMER SOLUTIONS: COMPANY SNAPSHOT 125
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

14 ADJACENT AND RELATED REPORTS 126
14.1 INTRODUCTION 126
14.2 LIMITATIONS 126
14.3 POWER ELECTRONICS MARKET, BY VERTICAL 127
14.3.1 INTRODUCTION 127
FIGURE 44 POWER ELECTRONICS MARKET FOR AUTOMOTIVE & TRANSPORTATION TO GROW AT HIGHEST CAGR DURING THE FORECAST PERIOD 127
TABLE 76 POWER ELECTRONICS MARKET BY VERTICAL, 2017–2025 (USD BILLION) 127
14.3.2 ICT 128
14.3.2.1 Increasing demand for advanced power devices to drive growth of ICT segment 128
TABLE 77 POWER ELECTRONICS MARKET FOR ICT, BY DEVICE TYPE,
2017–2025 (USD MILLION) 128
TABLE 78 POWER ELECTRONICS MARKET FOR ICT, BY REGION,
2017–2025 (USD MILLION) 129
TABLE 79 POWER ELECTRONICS MARKET IN NORTH AMERICA FOR ICT,
BY COUNTRY, 2017–2025 (USD MILLION) 129
TABLE 80 POWER ELECTRONICS MARKET IN EUROPE FOR ICT, BY COUNTRY,
2017–2025 (USD MILLION) 129
TABLE 81 POWER ELECTRONICS MARKET IN APAC FOR ICT, BY COUNTRY,
2017–2025 (USD MILLION) 130
TABLE 82 POWER ELECTRONICS MARKET IN ROW FOR ICT, BY REGION,
2017–2025 (USD MILLION) 130
14.3.3 CONSUMER ELECTRONICS 130
14.3.3.1 Growing adoption of consumer electronics to drive market for power management IC 130
TABLE 83 POWER ELECTRONICS MARKET FOR CONSUMER ELECTRONICS, BY DEVICE TYPE, 2017–2025 (USD MILLION) 131
FIGURE 45 APAC TO DOMINATE POWER ELECTRONICS MARKET FOR CONSUMER ELECTRONICS FROM 2020 TO 2025 131
TABLE 84 POWER ELECTRONICS MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2025 (USD MILLION) 131
TABLE 85 POWER ELECTRONICS MARKET IN NORTH AMERICA FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017–2025 (USD MILLION) 132
TABLE 86 POWER ELECTRONICS MARKET IN EUROPE FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017–2025 (USD MILLION) 132
TABLE 87 POWER ELECTRONICS MARKET IN APAC FOR CONSUMER ELECTRONICS,
BY COUNTRY, 2017–2025 (USD MILLION) 132
TABLE 88 POWER ELECTRONICS MARKET IN ROW FOR CONSUMER ELECTRONICS,
BY COUNTRY, 2017–2025 (USD MILLION) 133
14.3.4 INDUSTRIAL 133
14.3.4.1 surging Industrial automation to drive market growth 133
TABLE 89 POWER ELECTRONICS MARKET FOR INDUSTRIAL, BY DEVICE TYPE,
2017–2025 (USD MILLION) 133
FIGURE 46 POWER ELECTRONICS MARKET IN APAC FOR INDUSTRIAL VERTICAL TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 134
TABLE 90 POWER ELECTRONICS MARKET FOR INDUSTRIAL, BY REGION,
2017–2025 (USD MILLION) 134
TABLE 91 POWER ELECTRONICS MARKET IN NORTH AMERICA FOR INDUSTRIAL,
BY COUNTRY, 2017–2025 (USD MILLION) 134
TABLE 92 POWER ELECTRONICS MARKET IN EUROPE FOR INDUSTRIAL, BY COUNTRY, 2017–2025 (USD MILLION) 135
TABLE 93 POWER ELECTRONICS MARKET IN APAC FOR INDUSTRIAL, BY COUNTRY, 2017–2025 (USD MILLION) 135
TABLE 94 POWER ELECTRONICS MARKET IN ROW FOR INDUSTRIAL, BY REGION,
2017–2025 (USD MILLION) 135
14.3.5 ENERGY & POWER 136
14.3.5.1 Photovoltaics 136
14.3.5.1.1 Increasing initiatives by governments for production of clean energy to drive growth of PV and power electronics market 136
14.3.5.2 Wind turbine 136
14.3.5.2.1 Rising use of wind turbines for electricity generation to fuel demand for power electronic devices 136
14.3.6 AUTOMOTIVE & TRANSPORTATION 137
14.3.6.1 Increasing importance of advanced power semiconductor devices in automotive application to drive sic and gan power electronics market 137
FIGURE 47 POWER MODULE SEGMENT OF POWER ELECTRONICS MARKET FOR AUTOMOTIVE & TRANSPORTATION TO GROW AT HIGHEST CAGR FOR
2020 TO 2025 138
TABLE 95 POWER ELECTRONICS MARKET FOR AUTOMOTIVE & TRANSPORTATION,
BY DEVICE TYPE, 2017–2025 (USD MILLION) 138
FIGURE 48 APAC TO LEAD POWER ELECTRONICS MARKET FOR AUTOMOTIVE & TRANSPORTATION FROM 2020 TO 2025 139
TABLE 96 POWER ELECTRONICS MARKET FOR AUTOMOTIVE & TRANSPORTATION,
BY REGION, 2017–2025 (USD MILLION) 139
TABLE 97 POWER ELECTRONICS MARKET IN NORTH AMERICA FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2017–2025 (USD MILLION) 139
TABLE 98 POWER ELECTRONICS MARKET IN EUROPE FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2017–2025 (USD MILLION) 140
FIGURE 49 POWER ELECTRONICS MARKET IN CHINA FOR AUTOMOTIVE & TRANSPORTATION TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 140
TABLE 99 POWER ELECTRONICS MARKET IN APAC FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2017–2025 (USD MILLION) 140
TABLE 100 POWER ELECTRONICS MARKET IN ROW FOR AUTOMOTIVE & TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION) 141
14.3.6.2 Powertrain 141
14.3.6.3 Body & convenience 141
14.3.6.4 Chassis & safety and ADAS 141
14.3.6.5 Infotainment 141
14.3.7 AEROSPACE & DEFENSE 142
14.3.7.1 Growing adoption of GAN in aerospace & defense vertical owing to its high power capability 142
TABLE 101 POWER ELECTRONICS MARKET FOR AEROSPACE & DEFENSE, BY DEVICE TYPE, 2017–2025 (USD MILLION) 142
TABLE 102 POWER ELECTRONICS MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2017–2025 (USD MILLION) 142
TABLE 103 POWER ELECTRONICS MARKET IN NORTH AMERICA FOR AEROSPACE & DEFENSE, BY COUNTRY, 2017–2025 (USD MILLION) 143
TABLE 104 POWER ELECTRONICS MARKET IN EUROPE FOR AEROSPACE & DEFENSE,
BY COUNTRY, 2017–2025 (USD MILLION) 143
TABLE 105 POWER ELECTRONICS MARKET IN APAC FOR AEROSPACE & DEFENSE,
BY COUNTRY, 2017–2025 (USD MILLION) 143
TABLE 106 POWER ELECTRONICS MARKET IN ROW FOR AEROSPACE & DEFENSE,
BY REGION, 2017–2025 (USD MILLION) 144
14.3.8 OTHERS 144
TABLE 107 POWER ELECTRONICS MARKET FOR OTHER VERTICALS, BY DEVICE TYPE, 2017–2025 (USD MILLION) 144
TABLE 108 POWER ELECTRONICS MARKET FOR OTHER VERTICALS, BY REGION,
2017–2025 (USD MILLION) 144
TABLE 109 POWER ELECTRONICS MARKET IN NORTH AMERICA FOR OTHER VERTICALS, BY COUNTRY, 2017–2025 (USD MILLION) 145
TABLE 110 POWER ELECTRONICS MARKET IN EUROPE FOR OTHER VERTICALS,
BY COUNTRY, 2017–2025 (USD MILLION) 145
TABLE 111 POWER ELECTRONICS MARKET IN APAC FOR OTHER VERTICALS,
BY COUNTRY, 2017–2025 (USD MILLION) 145
TABLE 112 POWER ELECTRONICS MARKET IN ROW FOR OTHER VERTICALS, BY REGION, 2017–2025 (USD MILLION) 146
15 APPENDIX 147
15.1 INSIGHTS OF INDUSTRY EXPERTS 147
15.2 DISCUSSION GUIDE 148
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 150
15.4 AVAILABLE CUSTOMIZATIONS 152
15.5 RELATED REPORTS 152
15.6 AUTHOR DETAILS 153