Data Center Substation Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Transformer, Switchgears, Relays, and Others) and Voltage Type (33KV-110KV, 111KV-220KV, 221KV-500KV, and Above 500KV)

Data Center Substation Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Transformer, Switchgears, Relays, and Others) and Voltage Type (33KV-110KV, 111KV-220KV, 221KV-500KV, and Above 500KV)

Data Center Substation Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Transformer, Switchgears, Relays, and Others) and Voltage Type (33KV-110KV, 111KV-220KV, 221KV-500KV, and Above 500KV)

The global data center substation market is expected to grow from US$ 9,784.42 million in 2021 to US$ 13,947.91 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.

The exponential rise in internet consumption; the development of high-end software and application systems; and the increase in the number of several connected devices, such as smartphones, laptops, tablets, and computers increase in the quantity and variety of structured, semi-structured, and unstructured data in public and private networks. Therefore, companies adopt advanced storage and processing solutions to store and process the large volume of data, which drives the need for an advanced data center. The increasing number of data centers fuels the demand for efficient and reliable substations, which propels the growth of the data center substation market. The COVID-19 pandemic posed major challenges for all sectors in 2020. Most people were compelled to stay indoors due to the outbreak, thereby boosting the adoption of work from home practices. Many industries shifted their operational activities from a physical office to a virtual space. The shift in the working style among corporates and digitization of all work, along with its deployment on the cloud, increased the demand for high storing capacity servers in various industries across the region. However, the data center substation market experienced a minor hit at the beginning of the pandemic due to the disrupted supply chain of data center substation components because of the partial restrictions on cargo and transport. In 2021, with the ease in restrictions, the supply chain industry started to work smoothly. Also, the substations are required for continuous power supply in data centers. Therefore, the data center substation market in the MEA is growing significantly. The overall market in the region witnessed a positive impact of the COVID-19 pandemic.

Asia Pacific is one of the most significant regions with respect to the adoption of data center substations. As per observation in 2021, after first quarter of 2021, China has the highest number of internet users with 854 million internet users, India is second with 560 million internet users, and Japan has 118.63 million internet uses. Further, in 2020, South Korea had around 47 million internet users, and the figure is projected to grow to approx. 48.1 million by 2026. Thus, the growth of internet users directly increases the quantity and variety of structured, semi-structured, and unstructured data. Therefore, companies adopt advanced storage and processing solutions to store and process a large volume of data, which drives the need for advanced data centers. The increasing number of data centers fuels the growth of the APAC data center substation market.

Eaton; General Electric; Hitachi ABB Powergrids Inc; NEI Electric Power Engineering, Inc; NR Electric Co., Ltd; S&C Electric Company; TESCO Automation Inc.; HYOSUNG Heavy Industries; Schneider Electric; Siemens Energy are the key companies operating in the data center substation market. The report comprises secondary research work on other companies that hold a significant market share.

The overall data center substation market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the data center substation market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the data center substation market.Reason to buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the data center substation market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the data center substation market thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distributionReason to buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the data center substation market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the data center substation market thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

The List of companies - Data Center Substation Market

1. EATON 2. GENERAL ELECTRIC3. HITACHI ABB POWERGRIDS INC4. NEI ELECTRIC POWER ENGINEERING, INC5. NR ELECTRIC CO., LTD6. SANDC ELECTRIC COMPANY7. TESCO AUTOMATION INC.8. HYOSUNG HEAVY INDUSTRIES9. SCHNEIDER ELECTRIC10. SIEMENS ENERGY