Global Solid-State Transformer Markets, 2020-2025 with Hitachi, Schneider Electric, Siemens, Mitsubishi, GE, Eaton, Varentec, Amantys, Ermco, and SPX Transformer Solutions Dominating
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.
- 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.
- 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.
- The APAC region is expected to hold the largest share of the solid-state transformer market during the forecast period.