Data Center Substation Market Research Report 2022 – Global Forecast till 2032

The market for data centre substations is expected to expand at a robust 6.2 percent CAGR, reaching US$ 18.2 Bn in 2032. The market for data centre substations is expected to have development prospects due to the rising demand for electricity needed to repair the current infrastructure. A crucial component of the IT infrastructure is data centers. Data centers are in increasing demand among organisations of all sorts, from large, electricity-intensive enterprises to constrained enterprise computing centres, as a result of new data-intensive technologies and high-speed wireless networks.

The increased emphasis on replacing outdated electrical substation infrastructure with modern, superior, modular, digital, and gas-insulated systems is also anticipated to fuel market expansion.

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Increasing volume of structured and unstructured data coupled with the growing demand for cloud computing is anticipated to drive the growth of data center substation market. North America is expected to hold the largest share of the global cloud computing market, thereby creating a lucrative opportunity for data centers. This, in turn, offers avenues for energy transmission and distribution solutions such as data center substations.

Datacenter colocation providers in developed countries are focusing on making significant investments for constructing additional data center facilities, which is further expected to boost sales across the globe.

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.