GlobeNewswire
2024.04.23 08:17
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Data Center Transformer Market to reach USD 16.8 billion by 2032, Says Global Market Insights inc.

The Data Center Transformer Market is expected to reach USD 16.8 billion by 2032, driven by increased demand for product launches and innovative transformer solutions. The adoption of dry insulation type transformers is growing due to their advantages in efficiency and sustainability. The main application segment is also expanding, ensuring reliable and efficient power distribution in data centers. Europe is witnessing a high revenue share, driven by the need for efficient power distribution solutions. Major players in the industry include Eaton, Siemens, GE, Schneider Electric, Hitachi, ABB, and Legrand.