Data Center Substation Market expected at a CAGR of ~6.2% & US$ 18.2 Bn during the forecast period 2022–2032

In order to reach US$ 18.2 Bn in 2032, the market for data centre substations is anticipated to grow at a strong 6.2 percent CAGR. Due to the increasing requirement for energy to maintain the existing infrastructure, the market for data centre substations is anticipated to experience growth. Data centres are an essential part of the IT infrastructure. As a result of new data-intensive technologies and high-speed wireless networks, data centres are becoming more and more popular with organisations of all sizes, including big, electricity-intensive businesses and restricted enterprise computer centres.

The increased emphasis on replacing outdated electrical substation infrastructure with modern, superior, modular, digital, and gas-insulated systems is also anticipated to fuel market expansion.

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The market for data centre substations is expected to increase as a result of the rising amount of both structured and unstructured data as well as the rising demand for cloud computing. The largest portion of the global cloud computing market is anticipated to reside in North America, providing data centres with a lucrative business opportunity. This opens up opportunities for energy distribution and transmission systems, like data centre substations.

In industrialised nations, datacenter colocation providers are concentrating on making sizeable expenditures to build more data centre facilities, which is also anticipated to increase sales globally.

However, increasing adoption of data centers and virtualization of enterprises is posing as a threat to the critical data gathered by an enterprise. This is increasing the awareness about the security of this data among enterprises of all sizes.

Thus, owing to the high growth opportunities associated with the market, major vendors are partnering with various channel partners established across the globe. This is enabling solution providers to invest and expand their business in the global data center substation market.

Key Takeaways

• By component, the switchgears segment is expected to account for 23% of the total market share in 2022.
• By voltage, the above 500kV segment is anticipated to expand at a 7.4% CAGR over the forecast period.
• Sales in the Finland data center substation market are expected to account for nearly 13% of the Europe market share through 2031.
• The market in Japan is expected to grow at a CAGR of around 8.3% through 2032.
• In India, sales are expected to increase at a CAGR of 10.2% over the forecast period.

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Competition Landscape

Leading players operating in the global data center substation market are investing in research and development to comply with growing demand for digital data solutions. Besides this, players are investing in mergers, acquisitions, and collaborations to expand thwir global footprint. For instance:

• In October 2022, Schneider Electric launched EcoStruxure micro data center C-Series 43U with intelligent cooling technology. It is the latest addition, adding more capacity, more savings, and more built-in features to address the unique challenges of commercial environments.

Data Center Substation Market Outlook by Category

By Component:

• MV/LV Transformers
• Switchgears
• Relays
• Power Distribution Units (PDU)
• UPS systems
• Busbars
• Surge Arrestors
• Others

By Voltage:

• 33kV – 110kV
• 110kV – 220kV
• 220kV – 500kV
• Above 500kV

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

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More Valuable Insights on Data Center Substation Market

Future Market Insight’s report on the data center substation industry research is segmented into three major sections – component (MV/LV transformers, switchgears, relays, power distribution units (PDU), UPS systems, busbars, surge arrestors, and others), voltage (33kV – 110kV, 110kV – 220kV, 220kV – 500kV, and above 500kV), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the data center substation demand outlook.