Custom Market Insights has published a new research report titled “Solid-State Transformer Market Size, Trends and Insights By Type (Power SSTs, Distribution
Solid-state transformer (SST) technology is one of the developing technologies that will be widely used in the future to integrate low-voltage and high-voltage networks with control circuitries and power electronics converters, facilitating renewables integration in smart grid applications. SST technology has crucial key advantageous features, including compact size and weight, low cost, and ease of connection in offshore applications. However, SST technology exhibits a few concerns, such as implementation, protection, economic, and communication compatibility, that need to be addressed. This paper aims to review SST technology with its advanced control schemes and provide future directions for research and development, applications, and prospects. In line with this, highly cited SST technology papers are examined to derive and summarize concerning issues related to its operation and control with further research development of power grids. Moreover, this review discusses the assessmen
Global Solid-State Transformer Market (2021 to 2026) – Growth, Trends, COVID-19 Impact and Forecasts padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
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The solid-state transformer market size is expected to grow from USD 100 million in 2024 to USD 241 million by 2030; it is expected to grow at a CAGR of 15.8% from 2024 to 2030.
The key factors driving the growth of the solid-state transformer market are growing alternative energy sector, and increasing investments in smart grids and energy systems.
Market for HV/MV to account for larger market share during forecast period.
The HV/MV segment is expected to continue to hold a larger market size during the forecast period. The growth of the HV/MV segment of the solid-state transformer market can be attributed to the increased adoption of these transformers in renewable power generation applications. The outbreak and the spread of the COVID-19 have also impacted the growth of the solid-state transformer market globally. It is expected to witness a forward push from 2024 onward.