Global Data Center Transformer Market Size, Share and Forecast 2028

 

Global 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 a data centre because of the growing demand for improved quality power supply as a result of the increasing workload on the data centres. 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.

Data centre transformer demand is anticipated to increase throughout the projected period as a result of the fast expanding data traffic driving data storage and the continuous growth of the global data centre industry. For instance, according to the IEA, the demand for digital services and data is predicted to continue growing exponentially in the years to come, with the expected doubling of worldwide internet traffic reaching 4.2 zettabytes per year by the end of 2022. (4.2 trillion gigabytes).

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Global 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.

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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Global Data Center Transformer Market Dynamics

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.

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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Top Players in the Global Data Center Transformer Market

·       Hyosung Heavy Industries (South Korea)

·       LeGrand (Frace)

·       Schneider Electric (France)

·       Siemens (Germany)

·       Tripp Lite (US)

·       Vatransformer (US)

·       Vertiv Co. (US)

 

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