USD 9.5 billion
Report ID: SQSG45I2018 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 61 | Figures: 65
Data Center Transformer Market size was valued at USD 9.5 billion in 2021, and it is expected to reach a value of USD 14.47 billion by 2028, at a CAGR of 6.2% over the forecast period (2022-2028).
Transformers are present in data centres because of the growing demand for improved quality power supply as a result of the increasing workload. For instance, according to estimates from The International Energy Agency (IEA), the workload at data centres is increasing steadily, going from a 3.2 index in 2015 to a 7.5 index in 2019. Moreover, it is predicted that a crucial element that favourably affects market growth is the growing necessity to guarantee proper power distribution among data centres.
Over the years, data centers have seen unprecedented growth in technology and services. Organizations' IT spending has increased in order to simplify operations and data storage capabilities. Rapidly increasing data traffic is driving data storage demand, resulting in the global data center market's continuous expansion. Data center structures consume more power and are growing in proportion and size on a daily basis. Furthermore, the increasing workload on data centers has increased the demand for higher quality power supply. These factors support the presence of transformers in data centers and have contributed to the market growth.
US Data Center Transformer Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 9.5 billion
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The global data center transformer market has been segmented based on insulation insight, application, and region. Based on insulation insight, the market is segmented into liquid and dry. Based on the application, the market is segmented into main transformer and UPS transformer. Based on region, the data center transformer market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Data Center Transformer Market Analysis by Insulation Insight
The liquid segment was in the lead with an overall revenue share of 78.1 % in the data centre transformer market. The liquid-type insulation transformer provides efficient heat removal, which lowers electrical losses and improves system efficiency. Additionally, it guarantees low noise levels, making the operation quieter. The expansion of the category is anticipated to be boosted by the liquid type transformer's ability to operate at higher loads and increased efficiency and service life.
The category for dry insulation is anticipated to experience the largest CAGR growth during the forecast period, at 7.2 %. As it uses air as a cooling medium, the dry-type insulation transformer guarantees a secure working environment with no risk of fire. The dry insulation type transformers also require less maintenance because there are no moving parts in them. Dry insulation has a high initial investment cost, but customers perceive it to be a one-time investment because it gives long-term cost savings. Additionally, the implementation of ecologically safe temperature insulation systems based on Underwriter Laboratories (UL) and CSA Group (CSA) standards by dry type transformers, which are eco-friendly, is anticipated to support the dry type segment's growth.
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North America dominates the Global Data Center Transformer market share. Regional expansion is fueled by users' increasing technical sophistication and knowledge in nations like the United States and Canada. The region's users' advanced technological development and level of technical knowledge are also anticipated to positively affect market expansion. Additionally, the region's abundance of data centres is a significant component anticipated to fuel the local economy. Additionally, the development of the data centre transformer market in North America is aided by the presence of major manufacturers like Eaton and General Electric as well as several data centres in the region.
At a notable CAGR, Asia Pacific is expected to be the fastest growing regional data center transformers market . The growing demand for data storage and cloud-based applications is helping to propel the regional market forward. The implementation of cloud-based services in sectors such as education and healthcare, combined with government support, has increased the construction of data centers in this region. Furthermore, increased smartphone and internet availability, as well as increased demand for mobility, are expected to increase the number of data centers in this region, which will directly contribute to market growth.
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Data Center Transformer Market Driver
Data Center Transformer Market Restraint
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The market is moderately consolidated, and the established businesses are attempting to maintain their market share by merging with other companies, buying them out, and making other strategic investments and alliances. Additionally, several industry participants are working on new developments to improve the effectiveness and sophistication of the transformers. For instance, businesses like Eaton and Legrand have produced environmentally friendly, non-flammable, and highly short circuit-resistant dry-type cast resin transformers. Similar to this, ETH Zurich, a business based in Switzerland, has unveiled small, incredibly efficient smart transformers.
Top Players in the Global Data Center Transformer Market
Data Center Transformer Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Data Center Transformer Market analysis, by insulation insight, the liquid segment dominated the global market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, North America dominated the global data center transformer market owing to the region's advanced technological development and level of technical knowledge.
|Market size value in 2021||USD 9.5 billion|
|Market size value in 2028||USD 14.47 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Data Center Transformer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Data Center Transformer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product ID: SQSG45I2018