New Study: North America Solid State Transformer (SST) Market - Analysis and Forecast to 2020

North America Solid State Transformer (SST) Market By Application (Alternative Power Generation, Electric Vehicle Charging Stations, Power Distribution, Traction Locomotives, Others), by Product, by Component, and by Geography- Analysis and Forecast to 2020

Solid state (smart) transformers have application in several fields, such as traction locomotive, power distribution, electric vehicle charging station, alternative power generation, and many others. The others application segment includes power supply and distribution systems in shipping and aviation applications. The solid state transformer market for the alternative power generation application is expected to grow at the highest CAGR of 24.70% from 2017 to 2020.

The North America solid state transformer market is primarily driven by increasing emphasis on alternative energy production across the region. Alternative energy from solar, wind, tidal, and other sources is being adopted across the world. Another important factor driving the solid state transformer market is the huge investments in smart grids and energy systems. The development and implementation of smart grids across many countries offer a huge opportunity for the solid state transformer market.

Full Report Details at
- http://www.fastmr.com/prod/1071943_north_america_solid_state.aspx?afid=301

The North America solid state transformer market is estimated to be valued at USD 17.53 million by 2017, growing at a CAGR of 22.55% from 2017 to 2020.

The North America solid state transformer market has been segmented on the basis of three categories, namely, country, application, and product. By product, the market has been further segmented into distribution, traction, and power. The distribution segment market, under the product category, is expected to account for the largest share of 90.2% of the North America solid state transformer market by 2017.

The geographical analysis of the North America solid state (smart) transformer market includes major countries of the region, namely, as the U.S., Canada, and Mexico. The U.S. solid state (smart) transformer market is expected to dominate the North American market by 2017 with an estimated share of 90% of the total market, followed by Canada at 7%.

The major players operational in the North America solid state transformer market are ABB Ltd. (Zurich, Switzerland), Schneider Electric SE (Rueil-Malmaison, France), Siemens AG (Munich, Germany), Mitsubishi Electric Corporation (Tokyo, Japan), General Electric Co. (Fairfield, C.T., U.S.), and Alstom SA (France). These companies adopted various developmental strategies, such as mergers & acquisitions and partnership, among others to achieve growth in the North America solid state (smart) transformer market.

Scope of the Report:

This report categorizes the North American market for solid state transformer on the basis of product, application, and geography.

Market Segmentation, by product:

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Solid State (Smart) Transformer Market - Forecast to 2020
- Solid State Relay Market - Global forecast to 2020
- Solid-State Lighting & Fluorescent Lighting Market - Forecast to 2020
- Pressure Sensor Market - Global Forecast to 2020
- North America Traction Transformer - Analysis & Forecast to 2019