The global Data Center Transfer Switches And Switchgears Market size is anticipated to reach USD 4.2billion by 2027, expanding at a CAGR of 7.8%, according to a study conducted by Grand View Research, Inc. The growth of the market is attributed to the benefits offered by electrical devices such as protecting and isolating the electrical equipment that are directly linked to the electrical supply of the data centers. Moreover, transfer switches and switchgears, switch from primary source to back up supply like a UPS, and generators, thus allowing uninterruptible power supply operation in the datacenters.
Furthermore,
volume of data to be stored in data centers has been increasing owing to the
rise in cloud computing, mobile usage, and the evolution of the internet of
things. Thus, datacenter operators need to function without interruption of
power in order to prevent the loss of data. Moreover, the electrical devices
ensure reliable power distribution throughout the data center and are
responsible for handling utility as well as backup power supply. Thus, owing to
the aforementioned factors the market is expected to witness significant growth
over the forecast period.
Additionally,
the companies operating in the market are focusing on offering advanced
features to the equipment. However, companies like Eaton, Legrand, and ABB, are
focused on introducing features like real time voltage monitoring, bypass
isolation, evaluating load on the system, and identifying reserve capacity.
These features ensure switchgears and transfer switches to switch faster
between the backup and utility power based on the varying load conditions and
power outages. Such advancements minimize the downtime and ensure continuous
operation of the datacenter which is thereby expected to drive the market.
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Data
Center Transfer Switches and Switchgears Market Report Highlights
- High
adoption of low voltage switchgears and automatic transfer switches is
expected to drive the market
- Asia Pacific
is anticipated to witness a CAGR of more than 9.0% during the forecast
period owing to the increase in the construction of datacenters. North
America dominates the market with highest market share
- The key
market players are focused on forming mergers and acquisitions, for
example in January 2020 Siemens announced its plans to acquire C&S
Electric Ltd., which is an electronics manufacturer based in Delhi, India.
This acquisition will help Siemens bolster its presence in low voltage
switchgear market in India.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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