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

North America Solid-State Transformer Market Highlights

Topics Covered in the North America Solid-State Transformer Market Report

North America Solid-State Transformer Market report thoroughly covers the market By Countries, by voltage, by application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Solid-State Transformer Market Size & Analysis

North America Solid-State Transformer Market was valued at USD 980 million and is expected to reach USD 2.3 billion, growing at a CAGR of around 9.8% from 2025 to 2031. A solid-state transformer (SST) is an advanced version of traditional transformers that use semiconductor-based components such as diodes, transistors, and thyristors instead of traditional copper coils and iron cores. This technology enables better voltage regulation, increased efficiency, and improved power quality.

North America Solid-State Transformer Market Synopsis

The solid-state transformer market in North America is expected to experience significant growth between 2025-2031. This projected growth can be attributed to several key drivers, including advancements in renewable energy technology, increasing demand for smart grids and electric vehicles, and the need for efficient power management systems. According to 6Wresearch, the North America Solid-State Transformer Market Size is expected to reach a significant CAGR of 9.8% during the forecast period 2025-2031. The growth of solid-state transformers in North America is primarily driven by the increasing adoption of renewable energy sources such as solar and wind power. Governments and organizations are prioritizing sustainable energy solutions, necessitating efficient and reliable power infrastructure achievable through solid-state transformers. The rising usage of electric vehicles has further escalated the demand for fast and efficient charging systems, which these transformers can facilitate. They also enhance energy network stability by managing complex power flows between electric vehicles and the grid. Additionally, the implementation of smart grids, emphasizing digitalization and data management, requires advanced power distribution systems like solid-state transformers, ensuring efficient electricity delivery.

However, the market faces challenges, including high installation and maintenance costs, limited consumer awareness, and integration difficulties with existing infrastructure. Complex regulatory frameworks and a shortage of skilled professionals also hinder the sector’s growth. Addressing these obstacles will be vital for sustained market expansion.

Solid-State Transformer Market in North America: Novel Trends

The solid-state transformer market is poised for significant growth, driven by innovative applications and emerging trends. A key development is the integration of solid-state transformers with electric vehicle (EV) charging stations. As EV adoption rises, the demand for efficient and rapid charging solutions grows. Solid-state transformers, with their capability to regulate voltage and frequency, enhance charging efficiency while maintaining grid stability. Additionally, the use of solid-state transformers in microgrids is gaining traction. With increasing demand for reliable and sustainable energy sources, microgrids are emerging as a preferred solution for remote areas and critical infrastructure. Solid-state transformers provide superior control and monitoring, making them integral to microgrid systems.

Advancements in digitalization have also led to intelligent solid-state transformers capable of communicating with the power grid, optimizing energy flow, and minimizing downtime. These advancements highlight the transformative potential of solid-state transformers in driving efficient and sustainable energy solutions across North America.

Investment Opportunities in North America Solid-State Transformer Industry 

The North American solid-state transformer (SST) market is poised for substantial growth in the coming years, driven by the rising demand for renewable energy sources and the need for efficient power distribution systems. This dynamic market offers diverse investment opportunities, including research and development, manufacturing, and the deployment of Solid-State Transformer technologies. Advancements in smart grid technology further enhance prospects for integrating Solid-State Transformers into existing power grids, creating additional avenues for innovation and collaboration. Strategic partnerships between utilities, Solid-State Transformer manufacturers, and renewable energy companies are paving the way for significant progress in this field.

With a heightened focus on sustainable energy solutions, the North American Solid-State Transformer market presents a compelling opportunity for businesses and investors. Early investment in this sector not only supports the transition to a greener energy infrastructure but also promises substantial long-term financial returns, making it a highly attractive prospect.

Leading Players Expanding the North America Solid-State Transformer Market Share

Some of the leading players operating in the North America Solid-State Transformer Market include ABB Ltd., Siemens AG, Hitachi Ltd., Schneider Electric SE, Mitsubishi Electric Corporation, General Electric Company, Toshiba Corporation, Eaton Corporation PLC, Varentec Inc., and Infineon Technologies AG. These companies are constantly investing in research and development activities to enhance their product offerings and gain a competitive edge in the market. They are also forming strategic partnerships and collaborations to expand their market presence and cater to the growing demand for solid-state transformers. 

Government Regulations for Effective Market Performance

Government regulations significantly influence the performance of the solid-state transformer market in North America. Recently, governments across the region have prioritized energy efficiency and reducing carbon emissions, resulting in initiatives and policies aimed at promoting the adoption of solid-state transformers in various industries. For example, the U.S. Department of Energy has introduced research and development programs to facilitate their widespread use. Additionally, government agencies are offering financial incentives and subsidies to companies and individuals investing in these transformers. These efforts not only advance sustainable energy solutions but also foster a supportive market environment for manufacturers and suppliers.

Looking ahead, regulatory measures are expected to continue driving innovation and adoption of solid-state transformers across sectors. Consequently, companies in this market must remain informed about evolving policies to seize emerging opportunities and maintain a competitive advantage.

Future Insights of the North America Solid-State Transformer Market Growth

The solid-state transformer market in North America is projected to witness significant growth from 2025 to 2031, driven by rising demand for energy-efficient solutions, advancements in power electronics, and government initiatives supporting renewable energy. Companies are actively investing in research and development, fostering innovation and the creation of highly efficient and reliable products. The adoption of smart grid technology and the growing popularity of electric vehicles further bolster market expansion. Additionally, the increasing integration of renewable energy sources like solar and wind power aligns with the region’s focus on sustainability and reducing carbon emissions, creating additional growth opportunities.

To capitalize on this promising market, businesses must prioritize R&D investments, form strategic partnerships, and stay abreast of emerging trends. These efforts will enable them to remain competitive and leverage the expanding demand for solid-state transformers in a market poised for robust development.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

United States to Dominate the Market- By Countries

The United States is expected to be the leading market for solid-state transformers in North America during this time period. The country has a well-developed power grid infrastructure and a high demand for renewable energy sources, which are both factors that contribute to the growth of the solid-state transformer market.

HV/MV voltage level to dominate the Market-By Voltage Level

According to Ravi Bhandari, Research Head, 6Wresearch, HV/MV (High Voltage/Medium Voltage) is anticipated to be the dominant segment. This can be attributed to the increasing demand for reliable and efficient power distribution systems, particularly in urban areas with high population density.

The renewable power generation to Dominate the Market – By Application

Renewable power generation is expected to be the leading segment for solid-state transformers in North America. With a growing focus on reducing carbon emissions and transitioning towards clean energy sources, there has been a significant increase in renewable power generation projects in the region.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Factors Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Solid-State Transformer Market Outlook
• Market Size of North America Solid-State Transformer Market, 2024
• Forecast of North America Solid-State Transformer Market, 2031
• Historical Data and Forecast of North America Solid-State Transformer Revenues & Volume for the Period 2021 - 2031
• North America Solid-State Transformer Market Trend Evolution
• North America Solid-State Transformer Market Drivers and Challenges
• North America Solid-State Transformer Price Trends
• North America Solid-State Transformer Porter's Five Forces
• North America Solid-State Transformer Industry Life Cycle
• Historical Data and Forecast of North America Solid-State Transformer Market Revenues & Volume By Voltage Level for the Period 2021 - 2031
• Historical Data and Forecast of North America Solid-State Transformer Market Revenues & Volume By HV/MV for the Period 2021 - 2031
• Historical Data and Forecast of North America Solid-State Transformer Market Revenues & Volume By MV/LV for the Period 2021 - 2031
• Historical Data and Forecast of United States Solid-State Transformer Market Revenues & Volume By Voltage Level for the Period 2021 - 2031
• Historical Data and Forecast of United States Solid-State Transformer Market Revenues & Volume By HV/MV for the Period 2021 - 2031
• Historical Data and Forecast of United States Solid-State Transformer Market Revenues & Volume By MV/LV for the Period 2021 - 2031
• Historical Data and Forecast of Canada Solid-State Transformer Market Revenues & Volume By Voltage Level for the Period 2021 - 2031
• Historical Data and Forecast of Canada Solid-State Transformer Market Revenues & Volume By HV/MV for the Period 2021 - 2031
• Historical Data and Forecast of Canada Solid-State Transformer Market Revenues & Volume By MV/LV for the Period 2021 - 2031
• Historical Data and Forecast of North America Solid-State Transformer Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of North America Solid-State Transformer Market Revenues & Volume By Renewable Power Generation for the Period 2021 - 2031
• Historical Data and Forecast of North America Solid-State Transformer Market Revenues & Volume By Automotive for the Period 2021 - 2031
• Historical Data and Forecast of North America Solid-State Transformer Market Revenues & Volume By Power Grids for the Period 2021 - 2031
• Historical Data and Forecast of North America Solid-State Transformer Market Revenues & Volume By Traction Locomotives for the Period 2021 - 2031
• Historical Data and Forecast of North America Solid-State Transformer Market Revenues & Volume By Others for the Period 2021 - 2031
• Historical Data and Forecast of United States Solid-State Transformer Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of United States Solid-State Transformer Market Revenues & Volume By Renewable Power Generation for the Period 2021 - 2031
• Historical Data and Forecast of United States Solid-State Transformer Market Revenues & Volume By Automotive for the Period 2021 - 2031
• Historical Data and Forecast of United States Solid-State Transformer Market Revenues & Volume By Power Grids for the Period 2021 - 2031
• Historical Data and Forecast of United States Solid-State Transformer Market Revenues & Volume By Traction Locomotives for the Period 2021 - 2031
• Historical Data and Forecast of United States Solid-State Transformer Market Revenues & Volume By Others for the Period 2021 - 2031
• Historical Data and Forecast of Canada Solid-State Transformer Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of Canada Solid-State Transformer Market Revenues & Volume By Renewable Power Generation for the Period 2021 - 2031
• Historical Data and Forecast of Canada Solid-State Transformer Market Revenues & Volume By Automotive for the Period 2021 - 2031
• Historical Data and Forecast of Canada Solid-State Transformer Market Revenues & Volume By Power Grids for the Period 2021 - 2031
• Historical Data and Forecast of Canada Solid-State Transformer Market Revenues & Volume By Traction Locomotives for the Period 2021 - 2031
• Historical Data and Forecast of Canada Solid-State Transformer Market Revenues & Volume By Others for the Period 2021 - 2031
• North America Solid-State Transformer Market - Key Performance Indicators
• North America Solid-State Transformer Market - Import Export Trade Statistics
• North America Solid-State Transformer Market - Opportunity Assessment By Countries
• North America Solid-State Transformer Market - Opportunity Assessment By Voltage Level
• North America Solid-State Transformer Market - Opportunity Assessment By Application
• North America Solid-State Transformer Market - Top Companies Market Share
• North America Solid-State Transformer Market - Top Companies Profiles
• North America Solid-State Transformer Market - Comparison of Players in Technical and Operating Parameters
• North America Solid-State Transformer Market - Strategic Recommendations

Markets Covered

The market report has been segmented and sub-segmented into the following categories:

By Countries

• United States
• Canada

By Voltage Level

• HV/MV
• MV/LV

By Application

• Renewable Power Generation
• Automotive
• Power Grids
• Traction Locomotives
• Others