USA, New York: Future Market Insights has announced the addition of the “Solid State Transformers Market: APAC Industry Analysis and Opportunity Assessment 2014 - 2020" report to their offering.
According to the report, the solid state transformer (SST) market is in its nascent stage, with a huge market potential in the distribution network of power grids, reports Digital Journal.
The overall market is expected to grow at a double-digit CAGR between 2012 and 2020, with the APAC region estimated to account for the highest market share by 2020.
Smart grids is expected to be the largest segment among the SST applications.
Some of the major players in the market profiled in the report are ABB, Siemens AG, Alstom, Schneider Electric SA, Avago Technologies Limited, Bombardier, Inc., Cooper Power Systems, SPX Transformers, GE, Duke Energy, Plasmatechnics, Inc., Selco, Varentec and Gridco Systems.
Source: Digital Journal