APAC Solid State Transformers Market Value Share, Supply Demand 2014-2020
Future Market Insights has announced the addition of the “Solid State Transformers Market: APAC Industry Analysis and Opportunity Assessment 2014 - 2020” report to their offering.
Future Market Insights has announced the addition of the “Solid State Transformers Market: APAC Industry Analysis and Opportunity Assessment 2014 - 2020” report to their offering.
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<strong>APAC</strong> <strong>Solid</strong> <strong>State</strong><br />
<strong>Transformers</strong> <strong>Market</strong><br />
<strong>Share</strong>, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
<strong>2014</strong>-<strong>2020</strong><br />
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Report Description<br />
With the increase in use of renewable energy and distributed energy sources, use of<br />
traditional transformers has increased the complexity of the electrical power grids. In order<br />
to overcome this complexity, there is need to adopt newer technologies to ensure better<br />
control and more reliable operation of the grid. <strong>Transformers</strong> are fundamental components<br />
of any power distribution system. However, this system does have certain drawbacks such as<br />
voltage drop under load, sensitivity to harmonics and performance degradation under system<br />
disruptions and overload. The need to cope with these disadvantages is gaining importance<br />
as supply of quality power is one of the major issues in today’s scenario. A solid state<br />
transformers (SST) is considered a key enabler for power grids, as they provide better control<br />
over the system, with high load handling capacity as well as efficient bi-directional power<br />
flow.<br />
A SST is capable of easily replacing a conventional transformer in an electrical system. Major<br />
applications of SST include locomotive and other traction systems, offshore energy<br />
generation systems (wind, tidal or any other source) and smart (power) grids. SSTs are able to<br />
deliver power at 400 Hz and can also be used as three-phase power system from a single<br />
phase line, which is difficult to obtain from conventional transformers. Depending upon its<br />
topologies, SSTs can be classified as:<br />
• AC to AC buck converter<br />
• SST with and without a DC link<br />
• Three-stage SST
Report Description<br />
The SST market is in its nascent stage. It has huge market potential in the distribution<br />
network of power grids. The overall market is expected to grow at a double-digit CAGR<br />
between 2012 and <strong>2020</strong>.The <strong>APAC</strong> region is estimated to account for the highest market<br />
share by <strong>2020</strong>.Smart grids is expected to be the largest segment among the aforementioned<br />
applications. The expenditure on smart grids is highest in Asia Pacific, especially in China,<br />
which occupies largest share in the region.<br />
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Major energy storage capacity additions, installation of renewable energy generation<br />
capacities, investments into power transmission and distribution infrastructure are the chief<br />
drivers of the solid state transformers market globally. Manufacturers are now engaging into<br />
major research and development efforts to bring SSTs into commercial installation and<br />
deployment however, cost-competitiveness will be a major challenge for the manufacturers.<br />
Some of the major players in the market for solid state transformers technology are ABB<br />
(Switzerland), Siemens AG (Germany), Alstom (France), Schneider Electric SA (France), Avago<br />
Technologies Limited (U.S.), Bombardier, Inc. (Canada),Cooper Power Systems (U.S.), SPX<br />
<strong>Transformers</strong> (U.S.), GE (U.S.), Duke Energy (U.S.), Plasmatechnics, Inc. (U.S.), Selco (U.S.),<br />
Varentec (U.S.) and Gridco Systems (U.S.). The leading components manufacturing<br />
companies in the field of SST technology are CREE, Inc. (U.S.), STMicroelectronics (U.S.),<br />
Infineon Technologies (Germany) and Mitsubishi Electric Corporation (Japan).SSTs are being<br />
tested majorly in Europe and North America.
Report Description<br />
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SSTs ideally solve problems such as saturation of core of nonlinear load, poor voltage<br />
regulations and bulky systems, and they also serve as an energy router for smart grid energy<br />
network, thus improving scope of its application areas. The solid state transformer does not<br />
utilize any hazardous liquid dielectrics, thus giving it an edge over conventional transformers.<br />
Smart grid and traction transformers offer substantial market opportunity to solid state<br />
transformers. Commercialization for SST is low currently, but this is expected to increase over<br />
the next two years owing to research and development efforts by companies and add-on<br />
benefits.<br />
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