Data Center Substation Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

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Data Center Substation Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

Status : November, 2022 | Technology & Media

Report Digest

Data Center Substation Market: Overview

The data center substation market is prognosticated to observe considerable growth during the forecast period of 2020-2030. The growing popularity of digital substations among numerous industries will bring immense growth prospects. Furthermore, the rising energy demand for the restoration of existing infrastructure will also bring good growth opportunities.

A substation is a structure in the power network where distribution feeders and transmission routes are connected through switches or circuit breakers. The enclosed zones prominently step up or step down the voltage in transmission lines to a specific level apt for the distribution system. The functionality of these data center substations assures promising growth for the global market.

The rising use of connected technologies like the Internet of Things (IoT) in the data center substation sector will bring extensive upgrades for the substations. The penetration of these technologies has led to minimized errors, low incidences of data loss, uninterrupted continuity in operations, and full security. Thus, these aspects will have a large impact on the growth of the data center substation market.

On the basis of component, the data center substation market can be segmented into transformers, relays, switchgears (gas insulated, air insulated, circuit breakers, others), surge arrestors, capacitors, and busbars. Based on voltage type, the data center substation market can be classified into 33 kV-110 kV, 110 kV-220 kV, 220 kV-500 kV, and above 500 kV.

Data Center Substation Market: Competitive Insights

The data center substation market is highly fragmented. Many large and medium-sized companies are present in the data center substation market. The players indulge in fierce competition for establishing a massive customer base. Many medium and small players are generally acquired by large companies to decrease the competition. Thus, strategic collaborations form an important aspect of the data center substation market.

Research and development activities are crucial for the data center substation market. The players indulge in these activities for developing novel techniques and discovering insights. These activities help the players to increase their revenues, eventually propelling the growth of the data center substation market to a considerable extent.

Mergers, acquisitions, joint ventures, and partnerships form an essential part of the data center substation market growth trajectory. The players try to strengthen their foothold in the data center substation market through these activities, ultimately contributing to the growth structure.

Some of the key players into the data center substation market are Tesco Automation, Inc., Hyosung Heavy Industries, Hitachi ABB Powergrids, Inc., General Electric, Eaton, Schneider Electric, S&C Electric Company, and Siemens Energy.

Data Center Substation Market: Recent Developments

The data center substation market is abuzz with developments. Some of the prominent developments are as follows:

  • A high voltage substation was recently installed close to Dublin’s Castlebagot digital business hub to keep up the pace with the increasing number of data centers in the city.
  • A proposed data center by a dam in New Zealand aims to install 8 data centers and nearly 3000 servers. It will be operated by Lake Parime, a startup based out in the U.K.

These developments help increase the growth prospects of the data center substation market and add value to its growth trajectory.

Data Center Substation Market: Regional Insights

North America’s data center substation market is expected to emerge as a dominant force during the forecast period of 2020-2030. Data center construction activities have increased extensively in the region. This factor will invite promising growth for the data center substation market. Asia Pacific may observe rapid growth during the forecast period. The increasing awareness about data center substation among numerous regions will serve as growth propellers.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.