Solid State Transformers market - Global Industry Analysis, Trends, Analysis, Growth and Forecast, 2014 - 2020

Albany, NY -- (SBWire) -- 06/27/2018 --A major infiltration of renewable energy generation into the existing generation mix within the next few years is likely to trigger the solid state transformers (SST) market. These transformers, composed of mainly power electronics based components can also be referred to as a type of power device. These devices are extremely effective in regulating the magnitude of voltage, current or frequency according to the application wise requirements.

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As massive up-scaling of production capacity for these semiconductors commences, volume based cost reduction are inevitable. These will drive down component costs and ultimately the cost of these solid state transformers.

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Increasing adoption of smart grid infrastructure is likely to bolster demand for such transformers in the future. Two way meters which both draw and feed-back power to the grid would require such transformers to ensure quality of power and grid stability.

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However without large scale commercial deployment and manufacturing, one can't be sure that on what scale these SST's will replace the erstwhile distribution transformers being used.