Press release
Data Center Substation Market to grow with 4.8% CAGR during 2031 to 2031 | Acciona, S.A. (Spain), Eaton Corporation plc (Ireland), Hitachi Energy Ltd (Switzerland)
Data Center Substation Market
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The global data center substation market was valued at US$ 9.8 billion in 2021 and it is anticipated to grow up to US$ 15.6 billion by 2031, at a CAGR of 4.8% during the forecast period.
A data center substation is a structure in the power network where transmission routes and distribution feeders are connected through circuit breakers/switches by busbars. This helps control the power flow across the network and general switching procedures for maintenance purposes.
Market Drivers and Trends:
Data centers have become an essential component of the modern economy, from the servers operating in SMEs to the organization data centers supporting large businesses and the plantations running cloud computing services hosted by several technology giants, including Google, Amazon, Netflix, and Facebook. Moreover, different end users have emerged to distinguish themselves with varying data center requirements in this digital economy, which is challenged continually with staying ahead of customers' IT roadmaps. Therefore, the requirement for data storage is also surging due to the rising demand for big data analytics and cloud-based services, including online content comprising movies, apps, videos, and social media.
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Global Data Center Substation Market Segmentation:
By Component
Transformers
Switchgears
Relays
Others
By Voltage Type
33KV-110KV
111KV-220KV
221KV-500KV
Key Players:
Acciona, S.A. (Spain)
Eaton Corporation plc (Ireland)
Hitachi Energy Ltd (Switzerland)
Hyosung Heavy Industries (South Korea)
NEI Electric Power Engineering, Inc. (US)
S&C Electric Company (US)
Schneider Electric (France)
Siemens Energy (Germany)
TE Connectivity Corporation (US)
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