Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Data Center Transformer Market size is projected to accrue voluminously by 2026 registering a phenomenal CAGR of 6.3% during the review period (2022 to 2027).
Data center providers across the globe are gradually moving towards data center transformation in order to increase the overall efficiency whilst reducing the operational costs.The data centers have witnessed unprecedented growth in technologies and services over the years. There has been an increase in IT spending by organizations to simplify operations and data storage capabilities. Rapidly growing data traffic is driving data storage demand, which has resulted in the continuous expansion of the global data center market. Datacenter structures are associated with more power consumption and are increasing in proportion and size day by day. Furthermore, the growing workload on the data centers has, in turn, increased the demand for a better quality power supply. These factors further justify the presence of transformers in a data center and have been contributing to the growth of this market.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.With the increasing reliability and the increase in the number of data centers around the world, the data center providers are finding it difficult to maintain consistency and operational efficiency.
Recent Development
In March 2020, Schneider Electric launched its first Smart-UPS Lithium-ion that is specially created for local edge environments and micro data centers. The second category is APC Easy UPS 1 Ph Online, which may be a versatile, high-quality, and cost-effective UPS developed to handle high voltage and inconsistent power conditions.
June 2019 - Microsoft Corporation and Oracle Corporation have reportedly reached an agreement to make their two cloud computing services work together with high-speed links between their data centers.
May 2019 - Microsoft Corporation announced that it will build some of its most advanced datacenters to date in Sweden. These new data centers in Gävle and Sandviken are planned to be among the most sustainable in the world. Microsoft is building these data centers to meet the needs of future cloud services
Market Growth and Trends
The data centers registered significant progress 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 increasing 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.
The Data Center Transformer Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end-users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes ABB, EATON, Siemens, Hyosung Heavy Industries, Schneider Electric, General Electric, Legrand, Virginia Transformer, Flex-Core, KNT, GAINEN, HYOSUNG HEAVY INDUSTRIES, Siemens, Tripp Lite, Vatransformer, Vertiv Co.and Others.
By Type, it is segmented into
By Applications, it is segmented into
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.
Asia Pacific is the fastest growing regional market 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 growth of the regional market. Implementation of cloud-based services in sectors, like education and healthcare, coupled with support from the governments, has increased the construction of data centers in this region. Furthermore, high penetration of smartphones and internet availability, along with increased demand for mobility, is projected to increase the number of data centers in this region, which is expected to directly contribute to the growth of the market.
The Data Center Transformer Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Data Center Transformer Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Data Center Transformer Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Data Center Transformer Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Data Center Transformer Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players ABB, EATON, Siemens, HYOSUNG HEAVY INDUSTRIES |
Forecast Period 2022 to 2028 CAGR | CAGR of 6.3% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | ABB, EATON, Siemens, Hyosung Heavy Industries, Schneider Electric, General Electric, Legrand, Virginia Transformer, Flex-Core, KNT, GAINEN, HYOSUNG HEAVY INDUSTRIES, Siemens, Tripp Lite, Vatransformer, Vertiv Co. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 163 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Data Center Transformer Market is studied from 2017 - 2027.
What is the growth rate of Data Center Transformer Market?
The G Data Center Transformer Market is growing at a CAGR of 6.3% over the next 5 years.
What regions does this Data Center Transformer Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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