Global data centre construction is accelerating to meet AI demand, and power and cooling equipment suppliers are seeing significant order increases. Companies like HD Hyundai Electric and Jinpan have reported substantial backlogs for transformers. Advanced cooling systems and solid-state transformers are gaining traction.

McKinsey forecasts nearly $7 trillion in data-centre investment globally by 2030; Nvidia last week said it expects AI spending to remain robust for years.

Global data centre construction is accelerating to meet AI demand, and power and cooling equipment suppliers are seeing significant order increases. Companies like HD Hyundai…