Energy and Power

World Solid State (Smart) Transformer Market - Opportunities and Forecasts, 2014 -2020

  • ALL144270
  • 136 Pages
  • January 2016
  • Energy and Power
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Solid state transformer (SST), alternately known as “smart transformer,” is an amalgamation of high-powered semiconductor components, control circuitry and conventional high frequency transformers. The smart transformers are used to provide additional flexibility to control power distribution networks, thereby facilitating the smooth conversion of AC to DC and DC to AC, as per requirement.

Solid state transformers cater to a wide variety of applications, ranging from alternative power generation to traction locomotives, power grid and electric industries, and others. Solid state transformers are used in a wide range of applications, which would facilitate the smooth transition from AC to DC and DC to AC, besides voltage conversion. Alternative power generation is the most dominant application of solid state transformers driving the market growth. Increasing adoption of renewable power sources, such as wind & solar energy, traction locomotives, are major factors boosting the adoption of solid state transformers globally.

The world solid state transformers market is driven by, increasing preference for renewable energy source, growing use of traction locomotives & electric vehicles and heavy investments in smart grids & energy systems. In addition, new renewable energy sources such as tidal energy for power generations have boosted research and development activities in the field of electric distribution network, further driving the market growth. However, high cost associated with solid state transformers and inadequate SST testing infrastructure, are expected to affect the market growth.

The report is analysed on the basis of potential as well as actual market for solid state transformers. Both the markets have been taken into consideration on the basis of increasing demand of renewable energy sources and SST in traction locomotives sector. The smart transformers technology is still evolving while the market is estimated to generate revenue from 2018.The report also highlights information pertaining to the past and existing opportunity revenues in the market. The rate of adoption of smart transformers would depend entirely upon the growing awareness and accessibility of this technology in future.

The world solid state transformers market is segmented into application, product and geography. The application segment includes alternative power generation, power grid, traction locomotives and electric vehicle charging stations. Alternative power generation is the highest revenue-generating segment on account of efficient electric generation technology through renewable energy sources. In addition, traction locomotives and power grids are other major applications boosting the growth of solid state transformers market. Associated benefits of solid state transformers, such as bidirectional power flow, input/output AC or DC power, enhanced power quality and reduced size & weight of transformers among others, would drive the growth of solid state transformers market globally.

The world solid state transformers market by products is categorized into distribution, power and traction transformers. Power transformers, is poised to generate the highest revenue throughout the analysis period. However, traction transformer would emerge as the fastest growing segment during the analysis period, owing to the growing demand of solid state transformers in traction locomotives sector. The solid state transformers market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Europe would continue to dominate the market until 2020, on account of installed capacity of renewable energy sources for power generation, high awareness among the consumers for the adoption of solid state transformers and heavy investment in the field of research. However, North America is expected to be the fastest growing market, with a CAGR of 49.3%.

The key companies operating in the world solid state transformers market include, ABB Ltd., Schneider Electric SE, General Electric Co., Siemens AG, Alstom SA, Mitsubishi Electric Corporation, Eaton Corporation plc (Cooper Power Systems), Gridbridge, Inc., Varentec, Inc. and Maschinenfabrik Reinhausen (MR), and others.

KEY BENEFITS:

  • This report provides an extensive analysis of the current and emerging trends and dynamics in the world solid state transformers market.
  • The solid state transformers market scenario is comprehensively analyzed on the basis of key geographical regions.
  • The report provides a detailed analysis of the current market and estimations between 2014 to 2020, which would enable the stakeholders to capitalize on the prevailing market opportunities in terms of value.
  • The report includes the player positioning frameworks to help in understanding the competitive environment of the solid state transformers market.
  • A comprehensive analysis of the market scenario in terms of applications, products and geography, identifies the prevailing opportunities in the world solid state transformers market.
  • The key market players operating in the market are profiled in the report and their strategies are thoroughly analyzed to understand the competitive outlook.

SOLID STATE TRANSFORMERS MARKET KEY SEGMENTS:

World solid state transformers market is segmented into application, product and geography.

  • World Solid State Transformers Market - By Application

    • Electric Vehicle Charging Stations
    • Traction Locomotives
    • Power Grid
    • Alternative Power Generation

  • World Solid State Transformers Market - By Product

    • Power Solid State Transformers
    • Distribution Solid State Transformers
    • Traction Solid State Transformers

  • World Solid State Transformers Market - By Geography

    • North America
    • Europe
    • Asia-Pacific
    • LAMEA

CHAPTER 1 INTRODUCTION

1.1 Report description

1.2 Key benefits

1.3 Key market segments

1.4 Research methodology

1.4.1 Secondary research

1.4.2 Primary research

1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO perspective

CHAPTER 3 MARKET OVERVIEW

3.1 Market definition and scope

3.2 Key findings

3.2.1 Top investment pockets

3.2.2 Current research & development in SST technology

3.3 Top player positioning

3.4 Market dynamics

3.4.1 Drivers

3.4.2 Restraints

3.4.3 Opportunities

CHAPTER 4 WORLD SOLID STATE TRANSFORMERS MARKET, BY PRODUCTS, 2014-2020

4.1 Overview

4.1.1 Market size and forecast

4.2 Power solid state transformers

4.2.1 Key market trends

4.2.2 Key growth factors and opportunities

4.2.3 Market size and forecast

4.3 Distribution solid state transformers

4.3.1 Key market trends

4.3.2 Key growth factors and opportunities

4.3.3 Market size and forecast

4.4 Traction solid state transformers

4.4.1 Key market trends

4.4.2 Key growth factors and opportunities

4.4.3 Market size and forecast

CHAPTER 5 WORLD SOLID STATE TRANSFORMERS MARKET, BY APPLICATIONS, 20142020

5.1 Overview

5.1.1 Market size and forecast

5.2 Alternative power generation

5.2.1 Market size and forecast

5.3 Power grid

5.3.1 Market size and forecast

5.4 Traction locomotives

5.4.1 Market size and forecast

5.5 Electric vehicle charging stations

5.5.1 Market size and forecast

CHAPTER 6 WORLD SOLID STATE TRANSFORMERS MARKET BY GEOGRAPHY, 2014-2020

6.1 Overview

6.1.1 Market size and forecast

6.2 North America

6.2.1 Key market trends

6.2.1 Key growth factors and opportunities

6.2.2 Market size and forecast

6.3 Europe

6.3.1 Key market trends

6.3.2 Key growth factors and opportunities

6.3.3 Market size and forecast

6.4 Asia-Pacific

6.4.1 Key market trends

6.4.2 Key growth factors and opportunities

6.4.3 Market size and forecast

6.5 LAMEA

6.5.1 Key market trends

6.5.2 Key growth factors and opportunities

6.5.3 Market size and forecast

CHAPTER 7 COMPANY PROFILES

7.1 Schneider Electric SE

7.1.1 Company overview

7.1.2 Company snapshot

7.1.3 Business performance

7.1.4 SWOT analysis of Schneider Electric SE

7.2 General Electric Co.

7.2.1 Company overview

7.2.2 Company snapshot

7.2.3 Business performance

7.2.4 SWOT analysis of General Electric Company

7.3 ABB Ltd.

7.3.1 Company overview

7.3.2 Company snapshot

7.3.3 Business performance

7.3.4 SWOT analysis of ABB Ltd.

7.4 Siemens AG

7.4.1 Company overview

7.4.2 Company snapshot

7.4.3 Business performance

7.4.4 SWOT analysis of Siemens AG

7.5 Alstom SA

7.5.1 Company overview

7.5.2 Company snapshot

7.5.3 Business performance

7.5.4 SWOT analysis of Alstrom SA

7.6 Mitsubishi Electric Corporation

7.6.1 Company overview

7.6.2 Company snapshot

7.6.3 Business performance

7.6.4 SWOT analysis of Mitsubishi Electric Corporation

7.7 Eaton Corporation plc (Cooper Power Systems)

7.7.1 Company overview

7.7.2 Company snapshot

7.7.3 Business performance

7.7.4 SWOT analysis of Eaton Corporation Plc

7.8 Gridbridge, Inc.

7.8.1 Company overview

7.8.2 Company snapshot

7.8.3 SWOT analysis of Gridbridge, Inc.

7.9 Varentec, Inc.

7.9.1 Company overview

7.9.2 Company snapshot

7.9.3 SWOT analysis of Varentec, Inc.

7.10 Maschinenfabrik Reinhausen (MR)

7.10.1 Company overview

7.10.2 Company snapshot

7.10.3 SWOT analysis of Maschinenfabrik Reinhausen GmbH

List of Figures

FIG. 1 TOP PLAYER POSITIONING

FIG. 2 NET CONSUMPTION OF ELECTRICITY IN NORTH AMERICA (BILLION KILOWATT-HOURS), 20112014

FIG. 3 NET CONSUMPTION OF ELECTRICITY IN EUROPE (BILLION KILOWATT-HOURS), 2011-2014

FIG. 4 NET CONSUMPTION OF ELECTRICITY IN ASIA-PACIFIC (BILLION KILOWATT-HOURS), 20112014

FIG. 5 NET CONSUMPTION OF ELECTRICITY IN LAMEA (BILLION KILOWATT-HOURS), 20112014

FIG. 6 REVENUE GENERATED BY SCHNEIDER ELECTRIC SE, 20122014 ($MILLION)

FIG. 7 SCHNEIDER ELECTRIC SE REVENUE BY OPERATING SEGMENT (%), 2014

FIG. 8 SCHNEIDER ELECTRIC SE REVENUE BY GEOGRAPHY (%), 2014

FIG. 9 SWOT ANALYSIS OF SCHNEIDER ELECTRIC SE

FIG. 10 REVENUE OF GENERAL ELECTRIC COMPANY, 20122014 ($MILLION)

FIG. 11 REVENUE OF GENERAL ELECTRIC COMPANY BY OPERATING SEGMENTS (%), 2014

FIG. 12 REVENUE OF GENERAL ELECTRIC COMPANY BY GEOGRAPHY (%), 2014

FIG. 13 SWOT ANALYSIS OF GENERAL ELECTRIC COMPANY

FIG. 14 REVENUE OF ABB LTD., 20122014 ($MILLION)

FIG. 15 REVENUE OF ABB LTD. BY OPERATING SEGMENTS (%), 2014

FIG. 16 REVENUE OF ABB LTD., BY GEOGRAPHY (%), 2014

FIG. 17 SWOT ANALYSIS OF ABB LTD.

FIG. 18 SIEMENS AG COMPANY REVENUE (20142015, $BILLION)

FIG. 19 SWOT ANALYSIS OF SIEMENS AG

FIG. 20 KEY FINANCIALS OF ALSTOM SA, BY GEOGRAPHY 2014

FIG. 21 SWOT ANALYSIS OF ALSTROM SA

FIG. 22 KEY FINANCIALS OF MITSUBISHI ELECTRRIC CORPORATION, IN $ BILLIONS, 20132015 (YEAR END MARCH)

FIG. 23 KEY FINANCIALS OF MITSUBISHI ELETCRIC CORPORATION, BY OPERATING SEGMENTS, 2014

FIG. 24 SWOT ANALYSIS OF MITSUBISHI ELECTRIC CORPORATION

FIG. 25 KEY FINANCIALS OF EATON CORPORATION PLC, 20122014 ($MILLION)

FIG. 26 KEY FINANCIALS OF EATON CORPORATION PLC, % DISTRIBUTION BY GEOGRAPHY, 2014

FIG. 27 SWOT ANALYSIS OF EATON CORPORATION PLC

FIG. 28 SWOT ANALYSIS OF GRIDBRIDGE, INC.

FIG. 29 SWOT ANALYSIS OF VARENTEC INC.

FIG. 30 SWOT ANALYSIS OF MASCHINENFABRIK REINHAUSEN GMBH

List of Tables

TABLE 1 WORLD SOLID STATE TRANSFORMERS MARKET (ACTUAL), BY PRODUCTS, 2014-2020 ($MILLION)

TABLE 2 WORLD SOLID STATE TRANSFORMERS MARKET (ACTUAL-OPTIMISTIC), BY PRODUCTS, 2014-2020 ($MILLION)

TABLE 3 WORLD SOLID STATE TRANSFORMERS MARKET (ACTUAL- DIMINISHING), BY PRODUCTS, 2014-2020 ($MILLION)

TABLE 4 WORLD SOLID STATE TRANSFORMERS MARKET (POTENTIAL), BY PRODUCTS, 2014-2020 ($MILLION)

TABLE 5 POWER SOLID STATE TRANSFORMERS MARKET (ACTUAL), BY GEOGRAPHY, 2014-2020 ($MILLION)

TABLE 6 DISTRIBUTION SOLID STATE TRANSFORMERS MARKET (ACTUAL), BY GEOGRAPHY, 2014-2020 ($MILLION)

TABLE 7 TRACTION SOLID STATE TRANSFORMERS MARKET (ACTUAL), BY GEOGRAPHY, 2014-2020 ($MILLION)

TABLE 8 WORLD SOLID STATE TRANSFORMERS MARKET (ACTUAL), BY APPLICATIONS, 2014-2020 ($MILLION)

TABLE 9 WORLD SOLID STATE TRANSFORMERS MARKET (ACTUAL-OPTIMISTIC), BY APPLICATIONS, 2014-2020 ($MILLION)

TABLE 10 WORLD SOLID STATE TRANSFORMERS MARKET (ACTUAL- DIMINISHING), BY APPLICATIONS, 2014-2020 ($MILLION)

TABLE 11 WORLD SOLID STATE TRANSFORMERS MARKET (POTENTIAL), BY APPLICATIONS, 2014-2020 ($MILLION)

TABLE 12 ALTERNATIVE POWER GENERATION APPLICATION MARKET (ACTUAL), BY GEOGRAPHY, 2014-2020 ($MILLION)

TABLE 13 POWER GRID APPLICATION MARKET (ACTUAL), BY GEOGRAPHY, 2014-2020 ($MILLION)

TABLE 14 TRACTION LOCOMOTIVES APPLICATION MARKET (ACTUAL), BY GEOGRAPHY, 2014-2020 ($MILLION)

TABLE 15 ELECTRIC VEHICLE CHARGING STATION APPLICATION MARKET (ACTUAL), BY GEOGRAPHY, 2014-2020 ($MILLION)

TABLE 16 WORLD SOLID STATE TRANSFORMERS MARKET (ACTUAL), BY GEOGRAPHY, 2014-2020 ($MILLION)

TABLE 17 WORLD SOLID STATE TRANSFORMERS MARKET (ACTUAL-OPTIMISTIC), BY GEOGRAPHY, 2014-2020 ($MILLION)

TABLE 18 WORLD SOLID STATE TRANSFORMERS MARKET (ACTUAL- DIMINISHING), BY GEOGRAPHY, 2014-2020 ($MILLION)

TABLE 19 WORLD SOLID STATE TRANSFORMERS MARKET (POTENTIAL), BY GEOGRAPHY, 2014-2020 ($MILLION)

TABLE 20 NORTH AMERICA SOLID STATE TRANSFORMERS MARKET (ACTUAL), BY PRODUCTS, 2014-2020 ($MILLION)

TABLE 21 EUROPE SOLID STATE TRANSFORMERS MARKET (ACTUAL), BY PRODUCTS, 2014-2020 ($MILLION)

TABLE 22 ASIA PACIFIC SOLID STATE TRANSFORMERS MARKET (ACTUAL), BY PRODUCTS, 2014-2020 ($MILLION)

TABLE 23 LAMEA SOLID STATE TRANSFORMERS MARKET (ACTUAL), BY PRODUCTS, 2014-2020 ($MILLION)

TABLE 24 SNAPSHOT OF SCHNEIDER ELECTRIC SE

TABLE 25 SNAPSHOT OF GENERAL ELECTRIC COMPANY

TABLE 26 SNAPSHOT OF ABB LTD.

TABLE 27 SNAPSHOT OF SIEMENS AG

TABLE 28 SNAPSHOT OF ALSTOM SA

TABLE 29 SNAPSHOT OF MITSUBISHI ELECTRIC CORPORATION

TABLE 30 SNAPSHOT OF EATON CORPORATION PLC

TABLE 31 SNAPSHOT OF GRIDBRIDGE, INC.

TABLE 32 SNAPSHOT OF VARENTEC, INC.

TABLE 33 SNAPSHOT OF MASCHINENFABRIK REINHAUSEN GMBH

 
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