| Product Code: ETC5919170 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cyprus continues to see a significant influx of solid-state transformers, with top importing countries in 2024 being Greece, UK, Hungary, Italy, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 11.55% from 2020 to 2024, there was a sharp decline in the growth rate from 2023 to 2024 at -62.77%. This fluctuation suggests a potential shift in market dynamics or external factors impacting the importation of solid-state transformers in Cyprus.

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 Cyprus Solid-State Transformer Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Solid-State Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Solid-State Transformer Market - Industry Life Cycle |
3.4 Cyprus Solid-State Transformer Market - Porter's Five Forces |
3.5 Cyprus Solid-State Transformer Market Revenues & Volume Share, By Voltage Level, 2021 & 2031F |
3.6 Cyprus Solid-State Transformer Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Solid-State Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in Cyprus |
4.2.2 Growing focus on energy efficiency and grid modernization |
4.2.3 Government initiatives and incentives promoting adoption of solid-state transformers |
4.3 Market Restraints |
4.3.1 High initial investment cost of solid-state transformers |
4.3.2 Lack of awareness and technical expertise in implementing solid-state transformer technology |
5 Cyprus Solid-State Transformer Market Trends |
6 Cyprus Solid-State Transformer Market Segmentations |
6.1 Cyprus Solid-State Transformer Market, By Voltage Level |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Solid-State Transformer Market Revenues & Volume, By HV/MV, 2021-2031F |
6.1.3 Cyprus Solid-State Transformer Market Revenues & Volume, By MV/LV, 2021-2031F |
6.2 Cyprus Solid-State Transformer Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Solid-State Transformer Market Revenues & Volume, By Renewable Power Generation, 2021-2031F |
6.2.3 Cyprus Solid-State Transformer Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Cyprus Solid-State Transformer Market Revenues & Volume, By Power Grids, 2021-2031F |
6.2.5 Cyprus Solid-State Transformer Market Revenues & Volume, By Traction Locomotives, 2021-2031F |
6.2.6 Cyprus Solid-State Transformer Market Revenues & Volume, By Others, 2021-2031F |
7 Cyprus Solid-State Transformer Market Import-Export Trade Statistics |
7.1 Cyprus Solid-State Transformer Market Export to Major Countries |
7.2 Cyprus Solid-State Transformer Market Imports from Major Countries |
8 Cyprus Solid-State Transformer Market Key Performance Indicators |
8.1 Percentage of renewable energy sources integrated into the grid |
8.2 Number of grid modernization projects initiated in Cyprus |
8.3 Adoption rate of solid-state transformers in key industries |
8.4 Average downtime reduction achieved through solid-state transformer implementation |
8.5 Percentage increase in energy efficiency after deploying solid-state transformers |
9 Cyprus Solid-State Transformer Market - Opportunity Assessment |
9.1 Cyprus Solid-State Transformer Market Opportunity Assessment, By Voltage Level, 2021 & 2031F |
9.2 Cyprus Solid-State Transformer Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Solid-State Transformer Market - Competitive Landscape |
10.1 Cyprus Solid-State Transformer Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Solid-State Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |