Where does the Solid-State Transformer Industry plan to go?

The Global Solid State Transformer Market is growing at a compound annual growth rate (CAGR) of 9.71% over the projection period from 2023 to 2031.

· Energy

Solid-state transformers are also known as” Smart Transformers,” Bi-directional power flow is provided by solid-state transformers which are modern electrical energy equipment. It is a technological advancement that includes electronics converters and circuitry for controlling transformer power.

An SST typically consists of a transformer that transmits all of the power and provides electrical isolation within an AC-TO-AC or DC-to-DC converter. Voltage and current can be actively controlled by an SST.

Some SSTs can convert single-phase power to three-phase power and vice versa. Despite being more complicated than a typical converter, an SST is more effective and smaller than a typical transformer.

According to a research report by Astute Analytica, the Global Solid State Transformer Market is growing at a compound annual growth rate (CAGR) of 9.71% over the projection period from 2023 to 2031.

Solid State Transformer a leading edge
Growing demand for supporting architectures has led to an increase in the number of data centers, which has become a major trend in the field of power electronics. For instance, Huawei, a leading global provider of ICT infrastructure and smart products, has the aim to build two data centers to promote cloud services.

To open new data centers, several companies are significantly devoting a sizable amount of their earnings. SSTs are utilized more frequently in data centers to carry out a variety of tasks, including the upkeep of the cooling and electricity systems.

Additionally, SSTs improve data center power supply control by delivering improved reactive current, power, and voltage management, and lowering power loss. They eliminate the need for extra devices like power conditioners.

Applications and Growing Adoption of Solid-State Transformer
Many manufacturers of electronic devices are developing technology that can replace bulky conventional power transformers with small, on-circuit power semiconductors and compact transformers.

SSTs are now being used more and more in the electrical sector in things like traction locomotives, alternative energy production, and power grids. The demand for SSTs is also increasing as smart grids and renewable energy sources like tidal, solar, and wind power have become more popular in recent years. Furthermore, SSTs have demonstrated promising outcomes as an energy source for power generation and distribution grid or load.

SSTs are used in a variety of offshore energy generation applications to eliminate the drawbacks and problems of conventional transformers, including performance loss, voltage drop under load, system disruptions and overload, phase imbalance, high sensitivity to harmonics, and smart grids in power quality issues. As a result, it is anticipated that the demand for SST will increase in the upcoming years due to the expanding use of SSTs in various application areas.

Click Here To Know More About Solid State Transformer Market

Solid State Transformer Advantages
SST is a developing technology that provides fault isolation, low weight, and reduced volume, among other qualities. This device is versatile enough to carry out a wide range of intricate operations at different voltage levels with the added advantages of being more effective and lighter than traditional power transformers and their equivalents.

SSTs additionally provide characteristics including power factor correction, power factor correction VAR compensation, low-voltage DC connectivity, smart security, disturbance isolation, and active filtering. Distributed renewable energy can be added directly to the network thanks to the DC link. However, its other specifications provide improved stability and compensation for the flow of both active and reactive power in a single piece of intelligent equipment.