MarketsandMarkets: Global Solid State Transformer Market worth $ 5,043.39 Million by 2020

MarketsandMarkets: Global Solid State Transformer Market worth $ 5,043.39 Million by 2020 PR Newswire DALLAS, October 9, 2012 DALLAS, October 9, 2012 /PRNewswire/ -- According to the market research report "Solid State Transformer Market - Global Forecast & Analysis (2012 - 2020) By Application (Smart Grid, Traction Locomotives, Electric Vehicle Charging Stations, Others), Component (Switches, High frequency Transformers, Converters, Others) & Geography" published by MarketsandMarkets (http://www.marketsandmarkets.com), the total solid state transformers applications market is expected to reach $ 5,043.39 million at a CAGR of 82.3% from 2012 to 2020. Browse 92 tables spread through 228 pages and in-depth TOC of "Solid StateTransformer Market -Global Forecast & Analysis (2012 -2020) By Application (Smart Grid, Traction Locomotives, Electric Vehicle Charging Stations, Others), Component (Switches, High frequency Transformers, Converters, Others) & Geography". http://www.marketsandmarkets.com/Market-Reports/solid-state-transformer-market-774.html Early buyers will receive 10% customization on reports. Solid state transformers are mainly made up of power electronics-based components, also known as power devices. These devices are used to convert the characteristics (magnitude or frequency of voltage and current) of electric power to match or befit a particular application. Thus, they work on the basis of interdisciplinary technology.