Dublin, Sept. 01, 2023 (GLOBE NEWSWIRE) -- The "Global Data Center Distribution Transformer Market 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Data Center Distribution Transformer Market is poised for substantial growth, projected to achieve a Compound Annual Growth Rate (CAGR) of 6.16% during the forecast period of 2023 to 2030.
The rapid expansion of the data center industry is a key driver behind the rising demand for data center distribution transformers. This growth is primarily fueled by the increasing adoption of cloud computing, big data analytics, and artificial intelligence. As data centers heavily rely on consistent and reliable power supply, distribution transformers have emerged as pivotal components to ensure uninterrupted operations.
Furthermore, the integration of advanced monitoring and control capabilities is crucial for enhancing overall data center power management. As a result, these factors have significantly contributed to the surge in demand for distribution transformers.
However, the complexities associated with data center construction, combined with challenges related to high installation costs and data center security concerns, have restrained the broader global advancement of the market.
Regional Outlook
The global data center distribution transformer market encompasses regions such as Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.
Asia-Pacific is expected to witness the fastest growth in the data center distribution transformer market during the forecast period. Our analysis indicates that this growth is driven by the escalating demand for energy-efficient data centers, the increasing adoption of smart grid initiatives, and the technological advancement of smart grid systems.
Notably, the popularity of advanced metering infrastructure (AMI) in countries like the Philippines and Singapore for managing home energy systems is on the rise. This surge in smart energy adoption further accelerates the demand for efficient distribution transformers, thereby expanding growth prospects across the region.
Market Dynamics
Drivers
- Growth in Secondary Data Centers
- Rise in Demand for Energy-Efficient Transformers
Challenges
- Data Center Construction Complexity and High Installation Cost
- High-Risk of Data Center Security
Opportunities
- Innovation in Transformer Design
Key Market Players
Among the prominent players in the market are:
- Eaton Corporation plc
- General Electric Company
- Hyosung Heavy Industries
- Hitachi Abb Power Grids
- Siemens AG
- Hammond Power Solutions Inc
- Legrand Data Center Solutions
- Kirloskar Electric Company Limited
- Wilson Power Solutions Ltd
- Schneider Electric Se
General Electric Company, headquartered in Boston, Massachusetts, is a versatile industrial company providing a range of products and services, including aircraft engines and oil and gas equipment. With operations spanning across 170 nations, General Electric serves diverse global industries such as oil and gas, transportation, healthcare, and more.
For more information about this report visit https://www.researchandmarkets.com/r/9uptp3
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