Global Data Center Transformer Market Size To Worth USD 17.82 Billion by 2033 | CAGR of 6.95%
Category: Energy & PowerGlobal Data Center Transformer Market Size To Worth USD 17.82 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Data Center Transformer Market Size is to Grow from USD 9.10 Billion in 2023 to USD 17.82 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.95% during the projected period.
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Browse key industry insights spread across 217 pages with 110 Market data tables and figures & charts from the report on the "Global Data Center Transformer Market Size, Share, and COVID-19 Impact Analysis, By Insulation Type (Dry Type and Liquid Type (Oil-immersed)), By End User (IT & Telecom, BFSI, Healthcare, Energy, Government, Travel & Transport, and Retail), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/data-center-transformer-market
A transformer is an electrical appliance that converts and distributes energy from a specific circuit to another. The purpose of a transformer is to step up raise or step down lower voltage levels before sending them to the next circuit. Transformers used in data centers are usually three-phase medium voltage step-down transformers. The growing number of data centers in various industries, including IT and telecom, BFSI, retail, and government and defense, is predicted to drive the market for data center transformers. The rapid global expansion of data center facilities should have a beneficial impact on the trends of the data center transformer market. The increasing need for cloud services, processing power, and digital storage is driving the growth of data center construction and expansion. However, the data center transformer industry is restricted by a number of variables such as the fact that companies in the data center power sector are severely hampered due to large upfront expenses.
The liquid type (oil-immersed) segment dominates the market with the highest market share of the data center transformer market during the projected timeframe.
Based on the insulation type (oil-immersed), the data center transformer market is divided into dry type and liquid type. Among these, the liquid type (oil-immersed) segment dominates the market with the highest market share of the data center transformer market during the projected timeframe. The oil immersed insulation transformer effectively removes heat, decreasing electrical losses and optimizing system efficiency. It also reduces noise levels, resulting in smoother operation. The oil immersed type transformer is intended to perform at larger loads while providing improved efficiency and service life, which is likely to drive industry growth.
The IT & telecom segment is anticipated to grow at the highest CAGR in the data center transformer market during the projected timeframe.
Based on the end user, the data center transformer market is classified into IT & telecom, BFSI, healthcare, energy, government, travel & transport, and retail. Among these, the IT & telecom segment is anticipated to grow at the highest CAGR in the data center transformer market during the projected timeframe. This is mainly because the sector is becoming increasingly dependent on digital services, data traffic is growing at an exponential rate, and the variety of cloud-based apps is expanding. As telecom and IT firms expand and enhance their data center infrastructure to meet demand, there is a rising requirement for contemporary transformers to provide stable and efficient power management.
North America is expected to hold the largest share of the data center transformer market over the forecast period.
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North America is expected to hold the largest share of the data center transformer market over the forecast period. This dominance is due to the presence of large companies including Eaton and General Electric. Advanced technological advances and increased technical understanding among regional users are also projected to boost market expansion. Furthermore, the existence of multiple data centers in the region is projected to boost the regional market.
Asia Pacific is predicted to grow at the fastest pace in the data center transformer market during the projected timeframe. The Asia pacific region rapid expansion is due to the several factors including the demand for cloud-based apps and data storage is fuelling the regional market's expansion. The region is seeing a rise in data center building as a result of the adoption of cloud-based services in industries including healthcare and education and government assistance.
Major vendors in the data center transformer market are ABB Ltd, Eaton, Cisco, General Electric, HYOSUNG HEAVY INDUSTRIES, Legrand, Microsoft, Vatransformer, Schneider Electric, Siemens, Tripp Lite, IBM, VTC/GT, Vertiv Group Corp., and others.
Recent Developments
- In April 2022, Siemens Energy has launched CAREPOLE, an advanced dry-type single-phase transformer for pole applications. The transformer is designed to fulfill the technological demands of the American grid and provides an additional reliable and environmentally friendly alternative to oil-filled transformers.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the data center transformer market based on the below-mentioned segments:
Global Data Center Transformer Market, By Insulation Type
- Dry Type
- Liquid Type (oil-immersed)
Global Data Center Transformer Market, By End User
- IT & Telecom
- BFSI
- Healthcare
- Energy
- Government
- Travel & Transport
- Retail
Global Data Center Transformer Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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