The global Data Center Substation Market size is expected to
reach USD 14.80 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030,
according to a study conducted by Grand View Research, Inc. Data centers are a
vital part of the IT infrastructure of the digitized society. New
data-intensive technologies and high-speed wireless networks have led to an
increased demand for data centers among businesses of all sizes, right from
major electricity-intensive industries to limited enterprise computing centers.
Amidst the COVID-19 pandemic, the exponential rise in
data generated and consumed by various individuals and organizations has led to
the surge in demand for data storage, resulting in the rising number of
reliable and efficient data centers. Globally, data centers are evolving as
computational hubs for several enterprises and end users with the increasing
number of work-from-home jobs. As a result, the unprecedented rise in data
generation and the need to improve the performance of data centers have boosted
the demand for constructing new data centers and restoring the existing ones.
Thus, an increase in the number of data center restoration and construction
projects is likely to provide growth avenues for the market in near future.
The rising demand for electrical power systems that
are smart, automated, and can help reduce the carbon footprint serves as a
catalyst for advancements in the market. Substations with Gas Insulated
Switchgear (GIS) are unrivaled in terms of reliability, compactness,
efficiency, safety, and providing maximum power availability. Their low
maintenance and robust design help minimize the substation footprint. Though
GIS substations have a high initial cost, they have a longer lifecycle and
require minimum maintenance, serving to reduce lifecycle operating expenses
while maximizing the availability of power from the substation. Recent
developments in key substation components, such as power transformers,
gas-insulated switchgear, fiber-optic current sensors, and high-voltage circuit
breakers, have enabled their digitization and moved into the digital age.
For instance, in March 2020, ABB introduced a
purpose-built substation to offer tailored solutions to the rapidly growing
data center industry. The substation is designed to be safe and highly reliable
while enabling efficient operation and maintenance during the entire lifecycle.
The new substation is around 30% smaller in size and utilizes 50% lesser copper
on control cables. The substation replaces copper cables with fiber optics and
reduces the physical connections through digitization. The rising focus on the
replacement of old electrical substation infrastructure with upgraded,
high-quality, modular, digital, and gas-insulated systems is also expected to
augment the market growth.
Related Press Release@ Data Center Substation Market Report
Data Center Substation Market
Report Highlights
- The switchgear segment held the largest market share in 2020 and is
expected to register the fastest growth of CAGR 7.1% over the forecast period
owing to the rising data center construction activities worldwide
- The Gas Insulated Switchgear (GIS) sub-segment held the largest
share in the switchgear segment. The rising energy demand and replacement
of conventional switchgear at data center substations are driving the
demand for gas-insulated switchgear
- In 2020, the above 500kV segment accounted for the largest market
share, capturing over 38.8% of the overall demand. A rise in demand for
medium to high voltage substations played a pivotal role in driving the
demand for this segment
- North America emerged as a market leader and accounted for 38.0% of
the global revenue share in 2020, owing to the presence of data-intensive
incumbents as well as start-ups in the region. The region boasts a large
number of data center constructions, which, in turn, is increasing the
demand for energy-efficient data center substations
- Asia Pacific is anticipated to emerge as the fastest-growing region
over the forecast period.
- The global market is characterized by intense competition among
established players such as Eaton; Siemens Energy; Schneider Electric;
General Electric; and Hitachi ABB Powergrids Inc. Key market players are
focused on introducing technologically advanced products to cater to the
market demands
About Us:
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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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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