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Solid State Transformer Market (Traction Locomotives, Smart Grid, Electric Vehicle Charging Stations) Worth $5,043.39 Million by 2020 - New Report by MarketsandMarkets(PR Web Via Acquire Media NewsEdge) (PRWEB) October 28, 2013 According to the market research report “Solid State (Smart) Transformer Market by Application (Smart Grid, Traction Locomotives, Electric Vehicle Charging Stations, Others), Component (Switches, High frequency Transformers, Converters, Others) & Geography - Global Forecast & Analysis (2012 - 2020)”, the total solid state transformers applications market is expected to reach $ 5,043.39 million at a CAGR of 82.3% from 2012 to 2020. Browse 92 tables spread through 228 pages and in-depth TOC on “Solid State Transformer Market”. http://www.marketsandmarkets.com/Market-Reports/solid-state-transformer-market-774.html Early buyers will receive 10% customization on this report. Solid state transformers are mainly made up of power electronics-based components, also known as power devices. These devices are used to convert the characteristics (magnitude or frequency of voltage and current) of electric power to match or befit a particular application. Thus, they work on the basis of interdisciplinary technology. Power electronics has reduced the size of solid state transformers significantly. The market segmentation revolves around the four major market parameters, namely components, applications, technology, and geography. Solid state transformers are being developed for some special applications like power grids, traction locomotives, electric charging stations, and others. Commercialization for SST is low at present. However, it will take off within the next two years. With the new generation of solid-state transformers still being developed by a range of companies, it is likely that we will see them rolling out in just a few years as part of pilot programs and trials. However, in the long term, those in the industry are confident about solid-state transformers to be a significant piece of the smart grid puzzle. Browse Related Reports: Traction Transformer Market Revenue & Unit Shipment, by Type (Tap Changing, Tapped & Rectifier), Rolling Stock (Electric Locomotives, High Speed Trains, Electric Multiple Units (Emus) & Trams), Voltage Network (Ac & Dc) & Geography (2013 - 2018) http://www.marketsandmarkets.com/Market-Reports/traction-transformer-market-951. html HVDC Transmission Market by Technology (LCC / VSC), Configuration (Back To Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW & Above 2000 MW), Application, Component & Geography (2013 - 2018) http://www.marketsandmarkets.com/Market-Reports/hvdc-grid-market-1225.html About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, healthcare IT, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan North - Dominion Plaza 17304 Preston Road Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441 Email: [email protected] Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets Read the full story at http://www.prweb.com/releases/2013/10/prweb11269240.htm (c) 2013 PRWEB.COM Newswire |