The global data center substation market size was valued at USD 9.02 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2021 to 2030. The growing demand for interrupted and smooth transmission and distribution of electricity to power data center facilities is anticipated to drive the growth of the market over the forecast period.
A Substation is a facility that plays several critical roles along the power grid in transferring energy from production to consumption.
There are three types of substations:
Step-up: These facilities raise the voltage from generators in order to efficiently transmit electricity.
Step-down: These substations lower the voltage from transmission lines to subtransmission voltage.
Distribution: This type of substation lowers the subtransmission voltage to serve industrial, commercial and residential needs through a distribution transformer.
In addition to transferring energy, the substation also protects equipment from faults, otherwise known as short circuits, that can damage power lines and other equipment.
Data center owners may request that a utility provider build a dedicated substation on their campus or may even develop their own substation for a parcel.
Advantages of an on-site substation include: the ability to get the data center up and running as much as year quicker; control over its operations; flexibility and scalability; and increased security.
The growing popularity of digital substations is expected to make the market lucrative over the coming years. Digital substations help to alleviate expenditure on maintenance, provide longer asset life, and reduce environmental footprint. These substations use fiber optic cables to connect to control panels, eliminating the need for copper control cables, in turn reducing installation costs as well as costs associated with decommissioning and recycling.
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Top Key Vendors involved in the artificial intelligence for IT operations platform Market includes:
Eaton
General Electric
Hitachi ABB Powergrids Inc.
NEI Electric Power Engineering, Inc.
NR Electric Co., Ltd.
S&C Electric Company
Tesco Automation Inc.
The analysis also divides the Data Center Substation Market on the grounds of main product type:
- 33 kV – 110 kV
- 110 kV – 220 kV
- 220 kV – 500 kV
- Above 500 kV
Applications Segmentation:
- Transformers
- Switchgears
- Air Insulated
- Circuit Breakers
- Others
COVID-19 Impact
The report covers the impact of coronavirus COVID-19. Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to almost every country in the world as the World Health Organization (WHO) declared a public health emergency. The global impact of coronavirus disease 2019 (COVID-19) is already beginning to be felt and will have a significant impact on the Data Center Substation electricity market in 2021. travel ban and quarantine; restaurant closures; Restrictions on all indoor/outdoor events More than 40 countries declared a national emergency; a massive slowdown in the supply chain; stock market volatility; Declining corporate confidence, growing public fear, and uncertainty about the future.
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Segmentation by Region :
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
The global Data Center Substation market is illustrated by key results:
- The Data Center Substation market research report comprises products developed, industries they cater to, and the strategies they adopt.
- Data related to the organizations such as the sales amassed by the manufacturers has also been mentioned. The report offers data related to the firm’s price models along with gross margins.
- The Data Center Substation market research report presents data regarding products and market share of the product segments.
- The report entails sales that are accounted for by the products and the revenues earned by these product segments.
- Information regarding the applications and sales projections for the given time period is included in the report.
Good Reasons to Buy a Global Data Center Substation Market Report:
- Offers detailed market breakdown and data triangulation that will help guide the market trends.
- The methodology used in the report gives the absolute authentic data that helps advising whether the market has an opportunity in the upcoming years.
- Provides a detail analysis about the Covid-19 impact on the market and how it will help boost the market in the near future.
- Give’s a thorough analyst’s viewpoint which guides the client through market collaterals for the better opportunities in the market.
- Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
