Power.
Power Grid Market Forecast for 2029³
Distribution Transformer: $47.2B
Power Transformer:
$23.3B
Other Power Applications:
$7.3B
Benefits to Users
Small, Robust, and Lossy Substatsion
$10T Saved in Recovered Power
Protection Against Solar Flares
Higher Power Delivery to Customers
Revamping our Energy Grid
Grid operators face the challenge of integrating variable renewable sources (like solar and wind) while replacing aging infrastructure and attempting to minimize energy losses with sub-par components. Gallium oxide–based converters and solid-state transformers can deliver high-voltage handling in a smaller footprint, which would enable the significant downsizing of substations and reactive power devices. These compact modules would run cooler and require less auxiliary cooling, simplifying installation in space-constrained or outdoor environments.
At the system level, the fast-switching characteristics of gallium oxide power electronics supports dynamic grid services such as rapid voltage regulation and fault ride-through. With gallium oxide, utility providers can smooth out intermittent power generation, stabilize frequency, and improve voltage profiles without adding bulky, reactive compensation equipment. The result? A highly resilient and dynamic grid that accommodates growing energy storage, distribution, and transformation demands.
³ https://www-emis-com.proxy2.library.illinois.edu/v2/documents/report/883684464
Disclaimer:
The market figures, growth projections, and industry trends presented on this page are based on internal analyses, third-party reports, and publicly available data. These projections are intended for informational purposes only and should not be interpreted as guarantees of future performance or results.
Actual outcomes may differ materially due to a variety of factors, including but not limited to technological developments, regulatory changes, market dynamics, economic conditions, and competitive actions.
Synergy Research Labs, Inc. makes no representation or warranty, express or implied, as to the accuracy, completeness, or fitness for a particular purpose of the information provided. The information is current as of the date posted and is subject to change without notice.