Dublin, October 22, 2021/PRNewswire/-"Data center substation market size, share and trend by component, voltage type (33kV-110kV, 110kV-220kV, 220kV-500kV, 500kV and above) by region "Analysis report" and "Segment Forecasts, 2021-2030" report have been added to ResearchAndMarkets.com products.
By 2030, the global data center substation market is expected to reach US$14.8 billion, with a compound annual growth rate of 5.6% from 2021 to 2030
The data center is an important part of the IT infrastructure of the digital society. New data-intensive technologies and high-speed wireless networks have led to increased demand for data centers by enterprises of all sizes, from major power-intensive industries to limited enterprise computing centers. During the COVID-19 pandemic, the data generated and used by various individuals and organizations has increased exponentially, leading to a surge in demand for data storage, resulting in an increasing number of reliable and efficient data centers. Globally, as the number of work at home continues to increase, data centers are developing into computing centers for many enterprises and end users.
Therefore, unprecedented growth in data generation and the need to improve data center performance have driven the need to build new data centers and restore existing data centers. Therefore, the increase in the number of data center restoration and construction projects may provide a way for the market to grow in the near future. The growing demand for smart, automated power systems that help reduce carbon footprints is a catalyst for market progress. Substations equipped with gas-insulated switchgear (GIS) are unparalleled in reliability, compactness, efficiency, safety and providing maximum power availability.
Their low-maintenance and robust design helps to minimize the footprint of the substation. Although the initial cost of GIS substations is high, they have a longer life cycle and require minimal maintenance, which helps to reduce life cycle operating costs while maximizing the power availability of the substation. The latest developments in key substation components such as power transformers, gas-insulated switchgear, optical fiber current sensors, and high-voltage circuit breakers have digitized them and entered the digital age. For example, in March 2020, ABB launched a specially constructed substation to provide tailor-made solutions for the fast-growing data center industry.
The design of the substation is both safe and reliable, while achieving efficient operation and maintenance during the entire life cycle. The size of the new substation has been reduced by about 30%, and the amount of copper on the control cables has been reduced by 50%. Substations replace copper cables with optical fibers and reduce physical connections through digitalization.
Increasing attention to replace old substation infrastructure with upgraded, high-quality, modular, digital and gas-insulated systems is also expected to promote market growth. Highlights of Data Center Substation Market Report
The switchgear sector will occupy the largest market share in 2020. Due to the increase in global data center construction activities, the compound annual growth rate is expected to be 7.1% during the forecast period, which is the fastest growth.
The gas-insulated switchgear (GIS) sub-segment has the largest share of the switchgear segment. Increasing energy demand in data center substations and the replacement of traditional switchgear are driving the demand for gas-insulated switchgear.
In 2020, the market segments above 500kV will account for the largest proportion, accounting for more than 38.8% of the overall demand. Increased demand for medium and high voltage substations has played a key role in driving demand in this segment.
Due to the presence of data-intensive existing companies and start-ups in the region, North America has become a market leader and will account for 38.0% of global revenue share in 2020. The area has a large number of data center constructions, which in turn has increased the demand for energy-efficient data center substations.
The Asia-Pacific region is expected to become the fastest growing region during the forecast period.
The global market is characterized by fierce competition among established companies such as Eaton; Siemens Energy; Schneider Electric; General Electric; and Hitachi ABB Powergrids Inc. Major market participants focus on launching technologically advanced products to meet market demand.
Key topics covered: Chapter 1 Methodology and Scope Chapter 2 Executive Summary Chapter 3 Data Center Substation Industry Outlook Chapter 4 Data Center Substation Market: Component Outlook Chapter 5 Data Center Substation Market: Voltage Type Outlook Chapter 6 Data Center Substation Market: Regional Outlook Chapter 7 Competitive Landscape
NEI Power Engineering Company
Shienxi Electric Company
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