Global Solid State Transformers Market Size & Outlook
Global solid state transformers market, 2018-2030 (US$M)
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Global solid state transformers market highlights
- The global solid state transformers market generated a revenue of USD 169.4 million in 2024 and is expected to reach USD 935.8 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 32% by 2030.
- In terms of segment, distribution solid state transformer accounted for a revenue of USD 87.0 million in 2024.
- Distribution Solid State Transformer is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, France is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 169.4 million |
| Market revenue in 2030 | USD 935.8 million |
| Growth rate | 32% (CAGR from 2025 to 2030) |
| Largest segment | Distribution solid state transformer |
| Fastest growing segment | Distribution Solid State Transformer |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Distribution Solid State Transformer, Power Solid State Transformer, Traction Solid State Transformer, Other Type |
Other key industry trends
- In terms of revenue, the North America accounted for 22.5% of the global solid state transformers market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 40.1 million by 2030.
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Solid State Transformers Market Scope
Solid State Transformers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| BE Semiconductor Industries NV | View profile | 1870 | Ratio 6, Duiven, Netherlands, 6921 RW | https://www.besi.com |
| Alstom SA | View profile | 84748 | 48, Rue Albert Dhalenne, Saint-Ouen-sur-Seine, Paris, France, 93400 | https://www.alstom.com |
| Renesas Electronics Corp | View profile | 21236 | Toyosu Foresia, 3-2-24, Toyosu, Koto-ku, Tokyo, Japan, 135-0061 | http://www.renesas.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Rohm Co Ltd | View profile | 23751 | 21, Saiin Mizosaki-cho, Ukyo-ku, Kyoto, Japan, 615-8585 | http://www.rohm.co.jp |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Infineon Technologies AG | View profile | 59364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | https://www.infineon.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Global solid state transformers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solid state transformers market will help companies and investors design strategic landscapes.
Distribution solid state transformer was the largest segment with a revenue share of 51.36% in 2024. Horizon Databook has segmented the Global solid state transformers market based on distribution solid state transformer, power solid state transformer, traction solid state transformer, other type covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Solid State Transformers Type Outlook (Revenue, USD Million, 2018-2030)
- Distribution Solid State Transformer
- Power Solid State Transformer
- Traction Solid State Transformer
- Other Type
- Global Solid State Transformers Application Outlook (Revenue, USD Million, 2018-2030)
- Renewable Power Generation
- Automotive
- Power Grids
- Traction Locomotives
- Other Application
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Horizon Databook provides a detailed overview of global-level data and insights on the Global solid state transformers market , including forecasts for subscribers. This global databook contains high-level insights into Global solid state transformers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global solid state transformers market size, by regions, 2018-2030 (US$M)
Top 10 countries: Solid state transformers market size, 2024 (US$M)
Global solid state transformers market share, by type, 2024 & 2030 (%, US$M)
Solid state transformers market: Opportunity assessment by country
Global solid state transformers market, by region, 2024 (US$M)
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