Solid state transformer is an emerging technology that can deliver the bi-directional power flow and reactive power compensation in the power distribution systems. Power generation, transmission, and distribution are the three main constituents of the modern power system, in which the solid-state transformer plays a major role for flexible operations. In addition, they are widely adopted in various applications, which would facilitate the smooth transition from AC to DC and DC to AC, besides voltage conversion. Companies operating in this market are looking for rising investments in R&D which further enables to deliver more efficient solid-state transformers, thus enhancing the growth during the forecast period. Solid State Transformer market has been segmented by components, configurations, products, and end user industry. Based on the components the market is segmented into converters, switches, high-frequency transformers, and others. On the basis of configurations, the ma...