APO RESEARCH · REPORT
Solid State Transformers (SST)
Solid state transformer, also known as power electronic transformer (EPT), is a kind of electric power electronic transformation technology and electromagnetic induction principle based on the combination of high-frequency power conversion technology to achieve power characteristics of electricity into other Electric power characteristics of the static electrical equipment. Compared with the conventional transformer, EPT has many advantages, its outstanding feature is that the original current can be achieved, the side voltage and power of flexible control. EPT applied to the power system will improve the power quality; improve system stability, to achieve a flexible transmission and power market power flow under real-time control.
Product & engineering
Understand the product.
Solid state transformer, also known as power electronic transformer (EPT), is a kind of electric power electronic transformation technology and electromagnetic induction principle based on the combination of high-frequency power conversion technology to achieve power characteristics of electricity into other Electric power characteristics of the static electrical equipment. Compared with the conventional transformer, EPT has many advantages, its outstanding feature is that the original current can be achieved, the side voltage and power of flexible control. EPT applied to the power system will improve the power quality; improve system stability, to achieve a flexible transmission and power market power flow under real-time control.
Selected research
Industry Research
Solid State Transformers (SST) Industry Research Report 2026
Market perspective
Solid state transformer, also known as power electronic transformer (EPT), is a kind of electric power electronic transformation technology and electromagnetic induction principle based on the combination of high-frequency power conversion technology to achieve power characteristics of electricity into other Electric power characteristics of the static electrical equipment. Compared with the conventional transformer, EPT has many advantages, its outstanding feature is that the original current can be achieved, the side voltage and power of flexible control. EPT applied to the power system will improve the power quality; improve system stability, to achieve a flexible transmission and power market power flow under real-time control.
The major players in global Solid State Transformers (SST) market include ABB, Siemens, General electric, etc. North America, Asia-Pacific and Europe are main markets. Two-stage and Three-stage are two main types, with a share about 90%. Alternative Power Generation and Smart Grid are two key applications, which hold a share about 70%.
Report Scope
Read the full market overview
This report quantifies the global Solid State Transformers (SST) market in terms of revenue (US$ million) and, where applicable, service volume (K Units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/K Units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Solid State Transformers (SST).
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Solid State Transformers (SST) Market by Company
ABB
Siemens
General electric
Solid State Transformers (SST) Segment by Type
Single-stage
Two-stage
Three-stage
Solid State Transformers (SST) Segment by Application
Alternative Power Generation
Smart Grid
Traction Locomotives
EV Charging
Others
Solid State Transformers (SST) Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Solid State Transformers (SST) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Solid State Transformers (SST) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Solid State Transformers (SST).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Solid State Transformers (SST) companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Single-stage
- Two-stage
- Three-stage
Applications
- Alternative Power Generation
- Smart Grid
- Traction Locomotives
- EV Charging
- Others
Companies covered
- ABB
- Siemens
- General electric
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Solid State Transformers (SST) by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Single-stage
- 2.2.3 Two-stage
- 2.2.4 Three-stage
- 2.3 Solid State Transformers (SST) by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Alternative Power Generation
- 2.3.3 Smart Grid
- 2.3.4 Traction Locomotives
- 2.3.5 EV Charging
- 2.3.6 Others
- 2.4 Assumptions and Limitations
3 Solid State Transformers (SST) Breakdown Data by Type
- 3.1 Global Solid State Transformers (SST) Historic Market Size by Type (2021-2026)
- 3.2 Global Solid State Transformers (SST) Forecasted Market Size by Type (2027-2032)
4 Solid State Transformers (SST) Breakdown Data by Application
- 4.1 Global Solid State Transformers (SST) Historic Market Size by Application (2021-2026)
- 4.2 Global Solid State Transformers (SST) Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Solid State Transformers (SST) Market Perspective (2021-2032)
- 5.2 Global Solid State Transformers (SST) Growth Trends by Region
- 5.2.1 Global Solid State Transformers (SST) Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Solid State Transformers (SST) Historic Market Size by Region (2021-2026)
- 5.2.3 Solid State Transformers (SST) Forecasted Market Size by Region (2027-2032)
- 5.3 Solid State Transformers (SST) Market Dynamics
- 5.3.1 Solid State Transformers (SST) Industry Trends
- 5.3.2 Solid State Transformers (SST) Market Drivers
- 5.3.3 Solid State Transformers (SST) Market Challenges
- 5.3.4 Solid State Transformers (SST) Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Solid State Transformers (SST) Players by Revenue
- 6.1.1 Global Top Solid State Transformers (SST) Players by Revenue (2021-2026)
- 6.1.2 Global Solid State Transformers (SST) Revenue Market Share by Players (2021-2026)
- 6.2 Global Solid State Transformers (SST) Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Solid State Transformers (SST) Head Office and Area Served
- 6.4 Global Solid State Transformers (SST) Players, Product Type & Application
- 6.5 Global Solid State Transformers (SST) Manufacturers Established Date
- 6.6 Global Solid State Transformers (SST) Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Solid State Transformers (SST) Market Size (2021-2032)
- 7.2 North America Solid State Transformers (SST) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Solid State Transformers (SST) Market Size by Country (2021-2026)
- 7.4 North America Solid State Transformers (SST) Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Solid State Transformers (SST) Market Size (2021-2032)
- 8.2 Europe Solid State Transformers (SST) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Solid State Transformers (SST) Market Size by Country (2021-2026)
- 8.4 Europe Solid State Transformers (SST) Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Solid State Transformers (SST) Market Size (2021-2032)
- 9.2 Asia-Pacific Solid State Transformers (SST) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Solid State Transformers (SST) Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Solid State Transformers (SST) Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Solid State Transformers (SST) Market Size (2021-2032)
- 10.2 South America Solid State Transformers (SST) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Solid State Transformers (SST) Market Size by Country (2021-2026)
- 10.4 South America Solid State Transformers (SST) Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Solid State Transformers (SST) Market Size (2021-2032)
- 11.2 Middle East & Africa Solid State Transformers (SST) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Solid State Transformers (SST) Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Solid State Transformers (SST) Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 ABB
- 12.1.1 ABB Company Information
- 12.1.2 ABB Business Overview
- 12.1.3 ABB Revenue in Solid State Transformers (SST) Business (2021-2026)
- 12.1.4 ABB Solid State Transformers (SST) Product Portfolio
- 12.1.5 ABB Recent Developments
- 12.2 Siemens
- 12.2.1 Siemens Company Information
- 12.2.2 Siemens Business Overview
- 12.2.3 Siemens Revenue in Solid State Transformers (SST) Business (2021-2026)
- 12.2.4 Siemens Solid State Transformers (SST) Product Portfolio
- 12.2.5 Siemens Recent Developments
- 12.3 General electric
- 12.3.1 General electric Company Information
- 12.3.2 General electric Business Overview
- 12.3.3 General electric Revenue in Solid State Transformers (SST) Business (2021-2026)
- 12.3.4 General electric Solid State Transformers (SST) Product Portfolio
- 12.3.5 General electric Recent Developments
13 Report Conclusion
14 Disclaimer
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