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DUBLIN--(BUSINESS WIRE)--Nov 21, 2022--
The "Solid-State Transformer Market - A Global and Regional Analysis: Focus on Product, Application, and Country-Wise Analysis - Analysis and Forecast, 2025-2031" report has been added to ResearchAndMarkets.com's offering.
The global solid-state transformer market is expected to value $207.3 million in 2025 and is projected to reach $467.0 million in 2031, following a CAGR of 14.34% during the forecast period 2026-2031. The growth in the global solid-state transformer market is expected to be driven by an increase in investment toward the building and construction of power transmission and distribution networks, renewable power generation, and EV charging station infrastructure across the globe.
Market Lifecycle Stage
The solid-state transformer market is in the research and development phase. Solid-state transformers are expected to be the replacement for conventional transformers in the coming years.
Impact
Market Segmentation
Segmentation 1: by Application
Segmentation 2: by Product Type
Segmentation 3: by Region
Demand - Drivers and Limitations
The following are the demand drivers for the solid-state transformer market:
The market is expected to face the following challenges:
Key Market Players
Key Topics Covered:
1 Markets
2 Application
3 Product type
4 Region
5 Markets - Competitive Benchmarking & Company Profiles
6 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/e800f7
View source version on businesswire.com:https://www.businesswire.com/news/home/20221121005549/en/
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/21/2022 08:32 AM/DISC: 11/21/2022 08:32 AM
http://www.businesswire.com/news/home/20221121005549/en