The global data center transformer market size was valued at USD 5.69 billion in 2019 and is predicted to grow at a compound annual growth rate of (CAGR) of 6.3% from 2020 to 2027. A transformer is a device that transforms and distributes electricity from one circuit to a different. The function of a transformer is to intensify or decrease the voltage levels before distributing it to subsequent circuit. Transformers utilized in data center facilities are typically three-phase medium voltage step-down transformers. Rising number of knowledge centers across various industries, like IT and telecom, BFSI, etc., is foreseen to accelerate the data center transformers market over the outlook period.
Data Centers are employed by different enterprises where the networking and computing equipment are stored that collect, store, and process the information required. These data centers consume an outsized amount of energy with the increasing operations and always-ON feature. Data Center Transformers (DCT) are utilized in data centers to extend the operating efficiency and reduce the electrical losses and protect the information.
Recent developments:
During the coronavirus pandemic, data centers play a crucial role for organization operations around the world. The exponential growth within the amount of knowledge consumed and generated by various organizations and individuals has pushed the rise in demand for data storage resulting in the surge in reliable and highly available data centers.
Market growth and trends
The data centers registered significant growth in technologies and services in recent years. There has been a rise in IT spending of the organizations to simplify the operations and data storage capabilities. Rapidly growing data traffic is driving data storage demand, which has resulted within the continuous expansion of the worldwide data center transformers market. Data center structures are related to more power consumption and are increasing in proportion and size day by day. Also, growing workload on the info centers has, in turn, increased the demand for better quality power supply. These factors further justify the presence of transformers during a data center and are contributing to the expansion of this market.
The data center industry measures a facility’s efficient use of electricity in terms of power usage effectiveness (PUE). The PUE value is impacted negatively if there are a high number of electrical losses within the distribution of power. Therefore, data center manufacturers across the U.S. are focused on providing energy efficient equipment by constantly making improvements within the transformer designs to fulfill the wants of the U.S. Department of Energy (DOE) set within the year 2016. Changes in design with reference to impedance, in-rush current, and short-circuit current are expected to enhance the efficiency of the transformers by reducing the electrical losses. These design improvements are expected to propel the adoption of knowledge center transformers within the near future.
Market Drivers and Restraints
Key factors that are driving the market growth include rising number of knowledge centers and imminent got to ensure effective power distribution within the info centers.
Enterprises face a serious restraint within the data center power market thanks to the need of high initial investment. The implementation of recent power systems in data centers requires a shift from traditional to the newest and updated data center components. This transition process requires high initial investment. Most of the enterprises, including SMEs with less capital, often cannot update their data centers thanks to this requirement.
Market Segmentation:
Based on Insulation:
The liquid segment dominated the info center transformer market with 78.1% share of the total revenue in 2019. The dry insulation segment is projected to expand at the best CAGR of 7.2% during the forecast period.
Based on components
Based on end-user type
Based on data center sizes
Based on verticals
Regional Analysis
North America emerged as the largest shareholder in 2019 with over 35.0% of the worldwide revenue. This is often attributed to the presence of major players like Eaton and General Electric. Advanced technological development and technical awareness amongst the users within the region also are expected to possess a positive impact on market growth. Moreover, the presence of several data centers within the region may be a crucial factor expected to drive the regional market.
Asia Pacific is that the fastest growing regional marketplace for data center transformers with a CAGR of 8.9% over the forecast period. Increasing demand for data storage and cloud-based applications is contributing to the expansion of the regional market. Implementation of cloud-based services in sectors, like education and healthcare, including support from the governments, has increased the development of knowledge centers during this region. Furthermore, high penetration of smartphones and internet availability, alongside increased demand for mobility, is projected to extend the amount of knowledge centers in this area, which is predicted to directly contribute to the expansion of market.
Key market players:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Data Centre Transformers Market, By Insulation
6.1.1 Liquid
6.1.2 Dry
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Data Centre Transformers Market, By Components
6.2.1 Software
6.2.2 Services
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Data Centre Transformers Market, By End-Users
6.3.1 Enterprises
6.3.2 Cloud Providers
6.3.3 Colocation Providers
6.3.4 Hyperscale Data Centres
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Data Centre Transformers Market, By Data Center Size
6.4.1 Small and Medium
6.4.2 Large
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Data Centre Transformers Market, By Verticals
6.5.1 BFSI
6.5.2 IT and Telecommunication
6.5.3 Media and Entertainment
6.5.4 Healthcare
6.5.5 Government and Defense
6.5.6 Retail
6.5.7 Manufacturing
6.5.8 Market Size Estimations & Forecasts (2019-2024)
6.5.9 Y-o-Y Growth Rate Analysis
6.5.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Insulation
7.2.3 By Components
7.2.4 By End-Users
7.2.5 By Data Center Size
7.2.6 By Verticals
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Insulation
7.3.3 By Components
7.3.4 By End-Users
7.3.5 By Data Center Size
7.3.6 By Verticals
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Insulation
7.4.3 By Components
7.4.4 By End-Users
7.4.5 By Data Center Size
7.4.6 By Verticals
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Insulation
7.5.3 By Components
7.5.4 By End-Users
7.5.5 By Data Center Size
7.5.6 By Verticals
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Insulation
7.6.3 By Components
7.6.4 By End-Users
7.6.5 By Data Center Size
7.6.6 By Verticals
8. Key Player Analysis
8.1 Eaton
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 ABB Ltd
8.3 General Electric
8.4 Hyosung Heavy Industries
8.5 LeGrand
8.6 Schneider Electric
8.7 Siemens AG
8.8 Tripp Lite
8.9 Vatransformer
8.10 Vertiv Co.
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
