Global data center transformer market

Data Center Transformer Market Size, Share, Growth Analysis, By Application(Main Transformer, UPS Transformer), By Insulation Insight(Liquid, Dry), By Region - Industry Forecast 2024-2031

Report ID: SQSG45I2018 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 61 | Figures: 65

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Data Center Transformer Market size was valued at USD 9.5 billion in 2019, and it is expected to reach a value of USD 14.47 billion by 2031, at a CAGR of 6.2% over the forecast period (2024-2031).

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. 'ABB Ltd. (Switzerland)', 'Eaton (US)', 'General Electric (US)', 'Hyosung Heavy Industries (South Korea)', 'LeGrand (Frace)', 'Schneider Electric (France)', 'Siemens (Germany)', 'Tripp Lite (US)', 'Vatransformer (US)', 'Vertiv Co. (US)'

In recent years, the technology and services offered by data centres have experienced substantial growth. Organizations are investing more money in IT as a way to streamline processes and expand data storage capacity. The demand for data storage is being driven by an exponential increase in data traffic, which has led to steady growth in the data centre transformers market. Structures in data centres are becoming larger and more proportionate, which is associated with increased power usage. Additionally, the demand for higher-quality power supplies has grown as a result of the information centres' increasing workload. These elements support the need for transformers in data centres and are fueling the growth of this industry.

Data centre consolidation is a service that businesses offer. It entails either merging or shrinking one or more data centres to lower operational expenses and IT footprint. Enterprises can have more effective and efficient control over their data centre assets thanks to data centre consolidation services made available by market suppliers. Vendors for the data centres offer solutions such as merging physical sites, and software into hardware, etc. Recent years have seen a rise in awareness of the physical location consolidation aspect of the data centre revolution 62% of data centres are attempting to consolidate, according to the Data Center Alliance. One of the key factors driving the growth of the data centre transformation market is the requirement to consolidate data centres to lower costs and increase functionality as a result of the increasing data centre IP traffic globally.

North America dominates the 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.

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Global data center transformer market

Product ID: SQSG45I2018