Data Center Substation Market Size Worth $14.80 Billion By 2030

Grand View Research, Inc.

SAN FRANCISCO, Oct. 25, 2021 /PRNewswire/ -- 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.

Key Insights & Findings:

• 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

Read 110 page market research report, "Data Center Substation Market Size, Share & Trends Analysis Report By Component, By Voltage Type (33kV - 110kV, 110kV - 220kV, 220kV - 500kV, Above 500kV), By Region, And Segment Forecasts, 2021 - 2030", by Grand View Research