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Data Center Transformer Market Trends

Report ID: GMI7770
Published Date: Jan 2024
Report Format: PDF

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Data Center Transformer Market Trends

With an increasing emphasis on sustainability and corporate social responsibility, data centers are likely to further integrate renewable energy sources into their operations. For instance, in January 2024, Chinese data center provider GDS committed to reaching net-zero carbon emissions by 2030. Operating data centers in both China and Southeast Asia, the company has transitioned 30 of its facilities to renewable energy, as outlined in its recently released 2022 ESG report.

As a publicly listed company in Hong Kong, GDS is obligated to disclose climate-related information in its ESG reports, adhering to the Task Force on Climate-Related Financial Disclosure (TCFD) framework. This trend may involve the adoption of solar, wind, or other green energy solutions to power data center facilities, aligning with the broader push for environmentally friendly practices in the tech industry, thus favoring market expansion.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The data center transformer industry was valued at USD 9.2 billion in 2023 and is anticipated to register a CAGR of over 7% between 2024 and 2032, driven by an increased emphasis on sustainability and energy efficiency.

The UPS application held around 65% market share in 2023 and is poised for significant growth through 2032, driven by the need for uninterrupted and reliable power supply in data centers.

North America data center transformer industry registered a revenue of USD 3.1 billion in 2023 and is poised for significant growth over 2023-2032, propelled by a burgeoning data-centric landscape. As digital transformation and cloud computing continue to escalate, there is an increasing demand for robust and efficient power infrastructure.

ABB, Eaton, GE, Hitachi, Legrand, Schneider Electric, Siemens are some of the major industry contenders.