Global Solid State Transformer Market Report, Market Size, Share, Trends

1. Global Solid State Transformer Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028 Stratistics MRC’s Global Solid State Transformer Market value is expected to reach $248.73 million growing at a CAGR of 13.3% during 2022-2028. Description: Solid-state transformers (SST) are made up of high-power semiconductors, control circuits, and high-frequency transformers. It is also known as a smart transformer or an intelligent universal transformer. Smart transformers provide increased control flexibility in power distribution networks, enabling for seamless AC-DC and DC-AC conversions as needed. It is being used in a variety of applications, including alternative energy generation, traction trains, the power grid, and the electric industry. When linked to the electricity grid, solid-state transformers handle voltage changes independently. Browse complete “Solid State Transformer Market” report with TOC @ https://www.strategymrc.com/report/solid-state-transformer Europe is projected to have the highest CAGR over the forecast period, owing to the presence of key players in the region. The need for power distribution systems is likely to rise as numerous foreign corporations boost their investments. New technical breakthroughs in the industrial sector, together with an increase in the number of electric vehicles in the region, are likely to enhance the market outlook even further. Furthermore, various current contracts by key businesses are expected to boost the industry in the region. Some of the key players profiled in the Solid State Transformer Market include Ermco, Siemens AG, Mitsubishi Electric Corporation, Maschinenfabrik Reinhausen (MR), ABB, Eaton Corporation plc, Cooper Power Systems, Hitachi, General Electric Co., Alstom SA, SPX Transformer Solutions, Schneider Electric SE, Varentec, Inc., Amantys Limited, Gridbridge, Inc, Delta Electronics Inc, Red Box Aviation and Power Systems & Controls Inc. Request a Sample of “Solid State Transformer Market” @ https://www.strategymrc.com/report/solid-state-transformer Free Customization Offerings: All the customers of this report will be entitled to receive one of the following free customization options: Company Profiling ●

2. Comprehensive profiling of additional market players (up to 3) ● SWOT Analysis of key players (up to 3) ● Regional Segmentation ● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check) ● Competitive Benchmarking ● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances ● For more information about this report visit https://www.strategymrc.com/report/solid-state-transformer Report Store: https://www.strategymrc.com/report-store Covid-19 reports: https://www.strategymrc.com/covid-19-impact-reports About Us: Stratistics MRC offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, Market experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. Contact Us: Email: sales@strategymrc.com Organization: Stratistics Market Research Consulting Pvt Ltd Address: #233, Woods Enclave, Pet Basheerabad, Hyderabad - 500055, India. Phone: +1-301-202-5929 Website: https://www.strategymrc.com