APAC Solid State Transformers Market

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