According to future renewable electric energy distribution and management (FREEDM) system, solid state transformers play an important role in smart grid technologies. They have several advantages over conventional transformers such as bi-directional power flow, light in weight, compact size, etc. They also compensate the environmental issues which are created due to transformer oil. Because of various advantages over traditional transformer, SST is preferred widely at the present time. So in this chapter, the various architectures, needs, and applications of solid state transformers are discussed. The global market of SST has continuously improved because it has several applications and benefits.