| Product Code: ETC5919224 | 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 |
In 2024, New Zealand continued to see significant imports of solid-state transformers, with top exporters being China, USA, Australia, Germany, and Spain. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a negative compound annual growth rate of -6.25% from 2020 to 2024. The growth rate in 2024 also showed a decline of -6.64%, suggesting challenges in the market. New Zealand`s reliance on these key exporting countries underscores the importance of monitoring global trends and diversifying import sources for solid-state transformers.

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 New Zealand Solid-State Transformer Market Overview |
3.1 New Zealand Country Macro Economic Indicators |
3.2 New Zealand Solid-State Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 New Zealand Solid-State Transformer Market - Industry Life Cycle |
3.4 New Zealand Solid-State Transformer Market - Porter's Five Forces |
3.5 New Zealand Solid-State Transformer Market Revenues & Volume Share, By Voltage Level, 2021 & 2031F |
3.6 New Zealand Solid-State Transformer Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 New Zealand Solid-State Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in New Zealand |
4.2.2 Growing investments in grid modernization projects |
4.2.3 Rising focus on energy efficiency and sustainability initiatives |
4.3 Market Restraints |
4.3.1 High initial investment cost of solid-state transformers |
4.3.2 Limited awareness and understanding of the benefits of solid-state transformers |
4.3.3 Challenges related to the integration of solid-state transformers with existing grid infrastructure |
5 New Zealand Solid-State Transformer Market Trends |
6 New Zealand Solid-State Transformer Market Segmentations |
6.1 New Zealand Solid-State Transformer Market, By Voltage Level |
6.1.1 Overview and Analysis |
6.1.2 New Zealand Solid-State Transformer Market Revenues & Volume, By HV/MV, 2021-2031F |
6.1.3 New Zealand Solid-State Transformer Market Revenues & Volume, By MV/LV, 2021-2031F |
6.2 New Zealand Solid-State Transformer Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 New Zealand Solid-State Transformer Market Revenues & Volume, By Renewable Power Generation, 2021-2031F |
6.2.3 New Zealand Solid-State Transformer Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 New Zealand Solid-State Transformer Market Revenues & Volume, By Power Grids, 2021-2031F |
6.2.5 New Zealand Solid-State Transformer Market Revenues & Volume, By Traction Locomotives, 2021-2031F |
6.2.6 New Zealand Solid-State Transformer Market Revenues & Volume, By Others, 2021-2031F |
7 New Zealand Solid-State Transformer Market Import-Export Trade Statistics |
7.1 New Zealand Solid-State Transformer Market Export to Major Countries |
7.2 New Zealand Solid-State Transformer Market Imports from Major Countries |
8 New Zealand Solid-State Transformer Market Key Performance Indicators |
8.1 Percentage increase in renewable energy capacity in New Zealand |
8.2 Number of grid modernization projects integrating solid-state transformers |
8.3 Energy efficiency improvements achieved through the adoption of solid-state transformers |
9 New Zealand Solid-State Transformer Market - Opportunity Assessment |
9.1 New Zealand Solid-State Transformer Market Opportunity Assessment, By Voltage Level, 2021 & 2031F |
9.2 New Zealand Solid-State Transformer Market Opportunity Assessment, By Application, 2021 & 2031F |
10 New Zealand Solid-State Transformer Market - Competitive Landscape |
10.1 New Zealand Solid-State Transformer Market Revenue Share, By Companies, 2024 |
10.2 New Zealand 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.
To discover high-growth global markets and optimize your business strategy:
Click Here