Global Data Center Transformer Market By Application, By Insulation and By Region

Global Data Center Transformer Market By Application, By Insulation and By Region

Global Data Center Transformer Market to Reach USD 14.47 billion by 2028

According to the latest research by SkyQuest Technology, the data center transformer market was valued at USD 9.5 billion in 2021. It is expected to reach USD 14.47 billion by 2028, with a CAGR of 6.2% during the forecast period of 2022 - 2028. The research provides up-to-date data center transformer market analysis of the current market landscape, latest trends, drivers, and overall market environment.

Due to the rapidly growing data traffic driving data storage and the ongoing expansion of the global data center sector, it is estimated that demand for data center transformers will rise throughout the projected period.

For instance, the IEA forecasts that in the next years, demand for digital services and data will continue to expand rapidly, with an anticipated doubling of global internet traffic to 4.2 zettabytes per year by the end of 2022. (4.2 quadrillion bytes). In 2025, there will be 25 billion Internet of Things (IoT) connections, up from 12 billion in 2019, and there will be 5 billion mobile internet users, up from 3.8 billion in 2019. Market players can expect a variety of business opportunities as a result of current market trends like the increased use of mobile devices and cloud computing services along with an increase in the construction of hyper-scale data centers.

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Transformers are found in a data center because of the increased demand for a higher-quality power supply brought on by the data centers' expanding workload. For instance, the workload at data centers is increasing quickly, according to estimates from The International Energy Agency (IEA), increasing from a 3.2 index in 2015 to a 7.5 index in 2019. Additionally, it is anticipated that a significant factor favorably influencing market expansion is the growing need to ensure proper power distribution among data centers.

Data centers are also starting to emphasize energy efficiency more because energy costs account for about 40% of total costs (according to network strategy and technology company Ciena). Infrastructure management is expected to become more popular as data centers alter as a result of initiatives to increase energy efficiency and cut expenses.

Read Market Research Report, “Global Data Center Transformer Market Insulation Insight (Liquid, Dry), Application (Main Transformer, UPS Transformer), and Region —Forecast and Analysis 2022-2028” by SkyQuest.

Over the years, technology and services have grown in the data centres at an unheard-of rate. Organizations are spending more money on IT in an effort to streamline processes and improve data storage capacity. The demand for data storage is being driven by an exponential increase in data traffic, which has caused the global data centre market to keep increasing. Data centre constructions have a higher power consumption rate and are getting bigger and bigger every day. Furthermore, the demand for higher-quality power supplies has grown as a result of the data centres' increasing workload. These elements have helped fuel the expansion of this market and further support the need for transformers in data centres.

The data centre sector uses power usage effectiveness to gauge how effectively a facility uses electrical energy (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) set in the year 2016, data centre manufacturers throughout 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 usage of data centre transformers is anticipated to increase as a result of these design advancements in the near future.

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The development of smart transformers was prompted by the need to provide efficient power distribution among data centres. The operator can remotely monitor the behaviour of the transformer's core, bushings, and windings thanks to the clever electronic devices and control systems that are included in smart transformers. In order to optimise voltage in accordance with the demands of the load, smart transformers also have a system that reports power fluctuations to the grid. Additionally, the transformer serves as a voltage regulator and reacts quickly to grid variations, guaranteeing optimal voltage distribution throughout the data centre. Thus, over the coming few years, it is predicted that the market will experience an increase in demand for smart transformers.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about the data center transformer Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

Report Scope & Segmentation

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What does this Report Deliver?

●        Market Estimation for 20+ Countries

●        Data Center Transformer Market demand by Region, Sub-Region, and Country

●        Customization on Segments, Regions, and Company Profiles

●        100+ tables, 150+ Figures

●        Global, Regional, and Country-specific Data Center Transformer Market Trends

●        Comprehensive Mapping of Data Center Transformer Industry Parameters

●        Attractive Investment Proposition in the Global Data Center Transformer Industry

●        Competitive Strategies Adopted by Data Center Transformer Market Key Players

●        Drivers, Restraints, Opportunities, Challenges, and the impact on the Data Center Transformer Market Size

●        Market growth rate till 2028

●        Regulatory scenario, regional dynamics, and Data Center Transformer market insights of leading countries in each region

●        In-depth Market insights by Region and Country

●        Market Segmentation Trend Analysis, Opportunities, and Growth

●        Porter’s five force analysis to know the market’s condition

●        Pricing Analysis and Data Center Transformer Market Sales

●        Parent market analysis

●        Product portfolio benchmarking