United States (US) Solid-State Transformer Market (2025-2031) Outlook | Analysis, Size, Trends, Industry, Companies, Share, Value, Revenue, Growth & Forecast

Name: United States (US) Solid-State Transformer Market (2025-2031) | Analysis & Trends
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Voltage Level (HV/MV, MV/LV), By Application (Renewable Power Generation, Automotive, Power Grids, Traction Locomotives, Others) And Competitive Landscape

Product Code: ETC4587902	Publication Date: Jul 2023	Updated Date: Nov 2025	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 85	No. of Figures: 45	No. of Tables: 25

United States (US) Solid-state Transformer Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, the United States saw a steady increase in solid-state transformer import shipments, with key exporting countries including Mexico, China, India, Canada, and Italy. The Herfindahl-Hirschman Index (HHI) indicated moderate concentration, suggesting a competitive market landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a robust 11.43%, demonstrating sustained growth within the industry. Additionally, the growth rate from 2023 to 2024 was impressive at 7.53%, highlighting a positive momentum in solid-state transformer imports to the USA.

United States (US) Solid-state Transformer Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

United States (US) Solid-State Transformer Market Outlook
Market Size of United States (US) Solid-State Transformer Market, 2024
Forecast of United States (US) Solid-State Transformer Market, 2031
Historical Data and Forecast of United States (US) Solid-State Transformer Revenues & Volume for the Period 2021 - 2031
United States (US) Solid-State Transformer Market Trend Evolution
United States (US) Solid-State Transformer Market Drivers and Challenges
United States (US) Solid-State Transformer Price Trends
United States (US) Solid-State Transformer Porter's Five Forces
United States (US) Solid-State Transformer Industry Life Cycle
Historical Data and Forecast of United States (US) Solid-State Transformer Market Revenues & Volume By Voltage Level for the Period 2021 - 2031
Historical Data and Forecast of United States (US) Solid-State Transformer Market Revenues & Volume By HV/MV for the Period 2021 - 2031
Historical Data and Forecast of United States (US) Solid-State Transformer Market Revenues & Volume By MV/LV for the Period 2021 - 2031
Historical Data and Forecast of United States (US) Solid-State Transformer Market Revenues & Volume By Application for the Period 2021 - 2031
Historical Data and Forecast of United States (US) Solid-State Transformer Market Revenues & Volume By Renewable Power Generation for the Period 2021 - 2031
Historical Data and Forecast of United States (US) Solid-State Transformer Market Revenues & Volume By Automotive for the Period 2021 - 2031
Historical Data and Forecast of United States (US) Solid-State Transformer Market Revenues & Volume By Power Grids for the Period 2021 - 2031
Historical Data and Forecast of United States (US) Solid-State Transformer Market Revenues & Volume By Traction Locomotives for the Period 2021 - 2031
Historical Data and Forecast of United States (US) Solid-State Transformer Market Revenues & Volume By Others for the Period 2021 - 2031
United States (US) Solid-State Transformer Import Export Trade Statistics
Market Opportunity Assessment By Voltage Level
Market Opportunity Assessment By Application
United States (US) Solid-State Transformer Top Companies Market Share
United States (US) Solid-State Transformer Competitive Benchmarking By Technical and Operational Parameters
United States (US) Solid-State Transformer Company Profiles
United States (US) Solid-State Transformer Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 United States (US) Solid-State Transformer Market Overview

3.1 United States (US) Country Macro Economic Indicators

3.2 United States (US) Solid-State Transformer Market Revenues & Volume, 2021 & 2031F

3.3 United States (US) Solid-State Transformer Market - Industry Life Cycle

3.4 United States (US) Solid-State Transformer Market - Porter's Five Forces

3.5 United States (US) Solid-State Transformer Market Revenues & Volume Share, By Voltage Level, 2021 & 2031F

3.6 United States (US) Solid-State Transformer Market Revenues & Volume Share, By Application, 2021 & 2031F

4 United States (US) Solid-State Transformer Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for smart grids and renewable energy integration

4.2.2 Technological advancements in power electronics and grid infrastructure

4.2.3 Government initiatives and incentives promoting energy efficiency and grid modernization

4.3 Market Restraints

4.3.1 High initial investment costs associated with solid-state transformers

4.3.2 Limited awareness and understanding of the benefits of solid-state transformers

4.3.3 Challenges related to interoperability and standardization in the power sector

5 United States (US) Solid-State Transformer Market Trends

6 United States (US) Solid-State Transformer Market, By Types

6.1 United States (US) Solid-State Transformer Market, By Voltage Level

6.1.1 Overview and Analysis

6.1.2 United States (US) Solid-State Transformer Market Revenues & Volume, By Voltage Level, 2021 - 2031F

6.1.3 United States (US) Solid-State Transformer Market Revenues & Volume, By HV/MV, 2021 - 2031F

6.1.4 United States (US) Solid-State Transformer Market Revenues & Volume, By MV/LV, 2021 - 2031F

6.2 United States (US) Solid-State Transformer Market, By Application

6.2.1 Overview and Analysis

6.2.2 United States (US) Solid-State Transformer Market Revenues & Volume, By Renewable Power Generation, 2021 - 2031F

6.2.3 United States (US) Solid-State Transformer Market Revenues & Volume, By Automotive, 2021 - 2031F

6.2.4 United States (US) Solid-State Transformer Market Revenues & Volume, By Power Grids, 2021 - 2031F

6.2.5 United States (US) Solid-State Transformer Market Revenues & Volume, By Traction Locomotives, 2021 - 2031F

6.2.6 United States (US) Solid-State Transformer Market Revenues & Volume, By Others, 2021 - 2031F

7 United States (US) Solid-State Transformer Market Import-Export Trade Statistics

7.1 United States (US) Solid-State Transformer Market Export to Major Countries

7.2 United States (US) Solid-State Transformer Market Imports from Major Countries

8 United States (US) Solid-State Transformer Market Key Performance Indicators

8.1 Research and development investment in solid-state transformer technology

8.2 Number of partnerships and collaborations within the industry for technology development

8.3 Adoption rate of solid-state transformers in key industries and applications

8.4 Number of patents filed or granted for solid-state transformer innovations

8.5 Efficiency improvements and cost reductions in solid-state transformer manufacturing and deployment

9 United States (US) Solid-State Transformer Market - Opportunity Assessment

9.1 United States (US) Solid-State Transformer Market Opportunity Assessment, By Voltage Level, 2021 & 2031F

9.2 United States (US) Solid-State Transformer Market Opportunity Assessment, By Application, 2021 & 2031F

10 United States (US) Solid-State Transformer Market - Competitive Landscape

10.1 United States (US) Solid-State Transformer Market Revenue Share, By Companies, 2024

10.2 United States (US) Solid-State Transformer Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Africa Solid-State Transformer Market

Asia Pacific Solid-State Transformer Market

Bosnia and Herzegovina Solid-State Transformer Market

Honduras Solid-State Transformer Market

Israel Solid-State Transformer Market

Italy Solid-State Transformer Market

Jamaica Solid-State Transformer Market

Middle East Solid-State Transformer Market

North America Solid-State Transformer Market

Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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