| Product Code: ETC5919193 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Ireland`s solid-state transformer import market in 2024 saw a shift in concentration from high to moderate, indicating a more diversified import landscape. Top exporting countries Spain, UK, China, Italy, and USA played key roles in supplying these advanced technologies. The impressive CAGR of 42.81% from 2020 to 2024 highlights a rapidly expanding market, with a notable growth rate of 17.48% from 2023 to 2024. This data suggests a strong demand for solid-state transformers in Ireland and continued growth opportunities for international suppliers in the coming years.

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 Ireland Solid-State Transformer Market Overview |
3.1 Ireland Country Macro Economic Indicators |
3.2 Ireland Solid-State Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 Ireland Solid-State Transformer Market - Industry Life Cycle |
3.4 Ireland Solid-State Transformer Market - Porter's Five Forces |
3.5 Ireland Solid-State Transformer Market Revenues & Volume Share, By Voltage Level, 2021 & 2031F |
3.6 Ireland Solid-State Transformer Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Ireland Solid-State Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in Ireland |
4.2.2 Technological advancements in power distribution and transmission systems |
4.2.3 Government initiatives and regulations promoting energy efficiency and sustainability |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with solid-state transformers |
4.3.2 Lack of awareness and understanding of the benefits of solid-state transformers |
4.3.3 Limited infrastructure for widespread adoption of solid-state transformers |
5 Ireland Solid-State Transformer Market Trends |
6 Ireland Solid-State Transformer Market Segmentations |
6.1 Ireland Solid-State Transformer Market, By Voltage Level |
6.1.1 Overview and Analysis |
6.1.2 Ireland Solid-State Transformer Market Revenues & Volume, By HV/MV, 2021-2031F |
6.1.3 Ireland Solid-State Transformer Market Revenues & Volume, By MV/LV, 2021-2031F |
6.2 Ireland Solid-State Transformer Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Ireland Solid-State Transformer Market Revenues & Volume, By Renewable Power Generation, 2021-2031F |
6.2.3 Ireland Solid-State Transformer Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Ireland Solid-State Transformer Market Revenues & Volume, By Power Grids, 2021-2031F |
6.2.5 Ireland Solid-State Transformer Market Revenues & Volume, By Traction Locomotives, 2021-2031F |
6.2.6 Ireland Solid-State Transformer Market Revenues & Volume, By Others, 2021-2031F |
7 Ireland Solid-State Transformer Market Import-Export Trade Statistics |
7.1 Ireland Solid-State Transformer Market Export to Major Countries |
7.2 Ireland Solid-State Transformer Market Imports from Major Countries |
8 Ireland Solid-State Transformer Market Key Performance Indicators |
8.1 Percentage increase in renewable energy capacity in Ireland |
8.2 Number of partnerships and collaborations for solid-state transformer development |
8.3 Energy efficiency improvements in the power grid due to solid-state transformer implementation |
9 Ireland Solid-State Transformer Market - Opportunity Assessment |
9.1 Ireland Solid-State Transformer Market Opportunity Assessment, By Voltage Level, 2021 & 2031F |
9.2 Ireland Solid-State Transformer Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Ireland Solid-State Transformer Market - Competitive Landscape |
10.1 Ireland Solid-State Transformer Market Revenue Share, By Companies, 2024 |
10.2 Ireland Solid-State Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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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