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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.
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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. These enclosed zones mainly step up or down the voltage in transmission lines to a particular level suitable for the distribution system. Further, with the surge in the volume of structured and unstructured data, along with the increasing demand for cloud computing, is subsequently driving the demand for efficient and reliable substations.
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. Thus, the growing need of data centers boosts the requirement for data center substations to get sufficient power supplies, which drives the demand for the data center substations.
Market Restraints and Challenges
On one side, the increasing demand for data center substations for technology giants is helping them in several ways. However, there are several disadvantages to owning own substation, which might create several challenges for substation owners. Firstly, when any user owns the substation, the user needs to operate and maintain it. Secondly, the user may need to install a remote operating system, combining it with their data center, to monitor and control their own substation. While it adds an additional system to their center, it also adds power assurance. Thirdly, if their substation goes down, the user and their maintenance subcontractor are responsible for running the data center again, so users need to establish monitoring and emergency procedures surrounding the substation and the data center itself. Thus, there are several disadvantages to owning own substation, which might create several challenges for substation owners.
Major Players in the Global Data Center Substation Market
The key players studied in the global data center substation market are 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), and Tesco Automation Inc. (US).
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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
- Above 500KV
COVID-19 Impact
In 2020, amidst the COVID-19 pandemic, the rise in data generation and consumption by individuals & organizations fuelled data storage growth, resulting in the rising number of reliable and efficient data centers. Further, the increase in data generation and the need to improve the performance of data centers have boosted the demand for constructing new data centers. Thus, the number of data center restoration and construction projects will likely provide growth opportunities for the data center substation market. However, the data center substation market had seen a minor hit due to the disruptions in the supply chain and temporary suspension of manufacturing activities. However, the overall market witnessed a positive impact of the COVID-19 pandemic.
Similarly, in 2021, with the uplifting of lockdown and vaccination processes, the supply chain and manufacturing industries started to work fluently. Also, substations are required for continuous power supply demand in data centers. Therefore, the global data center substation market will also grow significantly during the forecast period.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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