USD 9.5 billion
Data Center Transformer Market Size, Share, Growth Analysis, By Application(Main Transformer, UPS Transformer), By Insulation Insight(Liquid, Dry), By Region - Industry Forecast 2025-2032
Report ID:
SQSG45I2018 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
61
|Figures:
65
Data Center Transformer Market Insights
Data Center Transformer Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 15.37 Billion by 2032, growing at a CAGR of 6.2% during the forecast period (2025-2032).
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 2023 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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Liquid
Fastest Growth
Liquid
Growth Rate
6.2% CAGR
Global Data Center Transformer Market 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
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Data Center Transformer Market Segmental Analysis
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.
Global Data Center Transformer Market by Insulation Insight, 2021 (%)
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Data Center Transformer Market Regional Insights
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.
Global Data Center Transformer Market By Geography, 2021 - 2028
- Largest
- Fastest
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Data Center Transformer Market Dynamics
Data Center Transformer Market Driver
- 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 global 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.
- The data centre sector uses power usage effectiveness to gauge how effectively a facility uses electricity (PUE). If there are many electrical losses during the power distribution process, the PUE value will suffer. To meet the demands of the U.S. Department of Energy (DOE) established within the year 2016, data centre manufacturers around the country are concentrated on offering energy-efficient equipment by continuously making improvements to the transformer designs. Impedance, in-rush current, and short-circuit current design modifications are anticipated to increase the transformers' efficiency by lowering electrical losses. The deployment of knowledge centre transformers is anticipated to increase as a result of these design advancements shortly.
Data Center Transformer Market Restraint
- Due to the significant upfront cost, businesses are severely constrained in the data centre power market. It is necessary to switch from outdated to newer and more modern data centre components to adopt modern power systems in data centres. A high initial investment is necessary for this changeover process. Due to this need, the majority of businesses, even SMEs with limited money, frequently cannot modernise their data centres.
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Data Center Transformer Market Competitive Landscape
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
- 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)
Data Center Transformer Market Recent Development
- In November 2022, ComEd joined Digital Realty, the world's largest provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, and community members, to start new electrical substation that provides more power capacity to support future data center growth and operation.
- In March 2021, Eaton introduced EnergyAware UPS for data centre operations. EnergyAware is designed for data centre applications and can be used in any high-capacity IT load, whether industrial or manufacturing.
- in September 2021, Siemens plans to acquire C&S Electric Limited in India, which is a manufacturer of electronic components, such as switch gears and transmission and distribution components
Data Center Transformer Key Market Trends
- 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.
Data Center Transformer Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.5 billion |
| Market size value in 2031 | USD 14.47 billion |
| Growth Rate | 6.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Data Center Transformer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Data Center Transformer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Data Center Transformer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Data Center Transformer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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