The global Data Center Transformer Market size is anticipated to reach USD 9.20billion by 2027, expanding at a CAGR of 6.3%, according to a study conducted by Grand View Research, Inc. Rising number of data centers owing to increasing shift in technology and growing adoption of the cloud computing platform are fueling the market growth. There are various benefits associated with moving to the cloud, such as reduced capital expenditure, improving scalability and elasticity, and overall decreased operational costs.
An
organization today needs large storage capacities and facilities to manage
enormous data volumes, which is anticipated to be a primary factor driving the
adoption of such centers globally. Moreover, large amount of data traffic and
emergence of big data have increased the importance of secure data
centers, thus driving the demand for transformers.
Transformers
are essential components that are necessary to transform and distribute the
electric power by increasing or decreasing the voltages based on the
application and requirement. Data centers are equipped with electricity
consuming equipment, such as chiller and generators. Integration of such
components needs a balanced electricity supply. Presence of such components is
expected to boost the growth of market.
Constant
and maintained electric supply has to be ensured for the uninterrupted and
proper functioning of the data centers. With offerings of power
distribution unit (PDU) with copper and aluminum transformers, companies
are directing customers toward using transformers with lower K-factor to reduce
the price of the PDUs. Additionally, some manufacturers are offering PDUs with
multi-output transformers, i.e. the output voltage can be changed as per the
customers’ requirement. This flexibility offered is projected to have a
positive impact on the market growth.
The
liquid insulation type used in the transformers removes heat and ensures the
efficient working of the data center. The liquid used ensures the dielectric
strength of the insulator and provides better temperature control systems and
highly reliable insulation. However, liquid insulation requires additional
maintenance costs and has a threat of leakage. Thus, usage of liquid insulation
might generate a risk of fire hazard, thus causing hindrance in the market growth.
However, the usage of dry insulation does not pose any fire hazard and
facilitates a safe working environment, which is expected to contribute to the
growth of this market.
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Data
Center Transformer Market Report Highlights
- Adoption of
dry insulated transformers is anticipated to increase during the forecast
period owing to their clean and safe operation as compared to the liquid
type
- North
America led the market in 2019 with more than 35.0% share of the overall
revenue. Asia Pacific is anticipated to expand at the fastest CAGR over
the forecast period due to rising number of data centers in the region
- Key market
players have established partnerships with facility developers and
principal contractors to maintain their market position and share.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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