Dublin--(BUSINESS WIRE)--"Data center substation market size, share and trend analysis report, by component, by voltage type (33kV-110kV, 110kV-220kV, 220kV-500kV, 500kV and above), by region and segment Market forecast, 2021-2030" report has 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
Chapter III 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
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com
Call 1-917-300-0470 during EST office hours toll-free number 1-800-526-8630 GMT during office hours in the United States/Canada, dial 353-1-416-8900 during office hours