Solid State Transformers Market Analysis and Value Forecast by End-use Industry 2014 - 2020: FMI Estimate
With the increase in use of renewable energy and distributed energy sources, use of traditional transformers has increased the complexity of the electrical power grids. In order to overcome this complexity, there is need to adopt newer technologies to ensure better control and more reliable operation of the grid. Transformers are fundamental components of any power distribution system. However, this system does have certain drawbacks such as voltage drop under load, sensitivity to harmonics and performance degradation under system disruptions and overload. The need to cope with these disadvantages is gaining importance as supply of quality power is one of the major issues in today’s scenario. A solid state transformers (SST) is considered a key enabler for power grids, as they provide better control over the system, with high load handling capacity as well as efficient bi-directional power flow.
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