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Dublin, July 21, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/6v2zv2/solid_state) has announced the addition of the "Solid State (Smart) Transformer Market by Product (Power, traction, & Distribution) Application (Alternative power generation, Electric vehicle charging stations, & others), & Geography (North America, Europe, Asia-Pacific, & RoW) - Forecast to 2020" report to their offering.
The market for solid state transformers is expected to be commercialized by 2017 and to be valued at $105.3 Million. Furthermore, the market is expected to grow at a CAGR of 24.72% from 2017 to 2020, to reach $204.3 Million by 2020.
The market is expected to be driven by the adoption of solid state transformers and demand for alternative power generation, traction locomotives, and power distribution in addition to the electrical vehicle charging stations till 2020. The European market is expected to account for the largest market share, followed by Asia-Pacific and the North America in 2017.
The growth of the European market is expected to fuel by increasing installed capacity of renewable energy sources such as solar and wind energy. Europe is a prominent market for electric vehicles (EV) and the growth of electrical vehicle charging stations further offers a huge growth opportunity for the solid state transformer market in this region.
This report covers the market by design, function, application and geography. It also provides a detailed analysis of the current market situation and the market till 2020. The report also analyzes the supply-side and demand-side factors, market dynamics, and the value chain of the solid state transformer market by considering the key stakeholders from vendors to end users. This report profiles the major players which are in the market. It also comprises the competitive landscape of main players including the key growth strategies and market share analysis of the same.
Some of the key players profiled in the report are ABB Ltd. (Switzerland), General Electric Co. (U.S.), Alstom SA (France), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Schneider Electric SE (France), and Cooper Power Systems (Brazil).
SCOPE OF THE REPORT
This research report categorizes the solid state transformer market based on products, components, applications, and geographies; it also covers the market size forecast of the market.
On the Basis of Products:
The solid state transformer market has been segmented on the basis of products into distribution solid state transformer, traction solid state transformer, and power solid state transformer.
On the Basis of Components:
Based on function, the market has been further segmented into four subsegments such as converters, switches, high-frequency transformers, and others.
On the Basis of Applications:
The market has been further split based on application into five subsegments such as alternative power generation, electric vehicle charging stations, traction locomotives, power distribution, and others.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Solid State (Smart) Transformer Market, By Components
8 Solid State (Smart) Transformer Market, By Products
9 Solid State (Smart) Transformer Market, By Applications
10 Solid State (Smart) Transformer Market, By Geography
12 Company Profiles
- ABB Ltd.
- Alstom SA
- Amantys Limited
- Cooper Power Systems
- General Electric Co.
- Gridbridge, Inc.
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Seimens AG
- Varentec, Inc.
For more information visit http://www.researchandmarkets.com/research/6v2zv2/solid_state
CONTACT: Research and Markets Laura Wood, Senior Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Sector: Power, Electric and Hybrid VehiclesNEXT ARTICLE