DUBAI, United Arab Emirates, Feb. 08, 2022 (GLOBE NEWSWIRE) -- The Data Center Substation Market revenue totaled US$ 9.5 Bn in 2021. Sales in the market are forecast to grow at a healthy 6.2% CAGR, pushing the market size to US$ 18.2 Bn in 2032.
According to a recent analysis by Future Market Insights (FMI), the demand in the global Data Center Substation Market is expected to increase at a healthy 6.2% CAGR over the forecast period, with the market valuation reaching US$ 9.9 Bn in 2022.
| Data Center Substation Market Value in 2022 | US$ 9.9 Bn | |
| Data Center Substation Market Value in 2032 | US$ 18.2 Bn | |
| Data Center Substation Market Value-based CAGR (2022-2032) | 6.2% | |
| Data Center Substation Market Top 5 Vendor Market Share | Around 55% | |
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-14267
Growing demand for energy to restore the existing infrastructure is projected to fuel growth opportunities in the data center substation market.
Data centers are a vital part of the IT infrastructure. New data-intensive technologies and high-speed wireless networks have led to high demand for data centers among businesses of all sizes, right from major electricity-intensive industries to limited enterprise computing centers.
The rising focus on the replacement of old electrical substation infrastructure with upgraded, high-quality, modular, digital, and gas-insulated systems is also expected to augment the growth in the market.
Increasing volume of structured and unstructured data coupled with the growing demand for cloud computing is anticipated to drive the growth of data center substation market. North America is expected to hold the largest share of the global cloud computing market, thereby creating a lucrative opportunity for data centers. This, in turn, offers avenues for energy transmission and distribution solutions such as data center substations.
Datacenter colocation providers in developed countries are focusing on making significant investments for constructing additional data center facilities, which is further expected to boost sales across the globe.
However, increasing adoption of data centers and virtualization of enterprises is posing as a threat to the critical data gathered by an enterprise. This is increasing the awareness about the security of this data among enterprises of all sizes.
Thus, owing to the high growth opportunities associated with the market, major vendors are partnering with various channel partners established across the globe. This is enabling solution providers to invest and expand their business in the global data center substation market.
For any Queries Related with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14267
Scope of the Report
| Attribute | Details |
| Forecast Period | 2022-2032 |
| Historical Data Available for | 2017-2021 |
| Market Analysis | US$ Billion for Value |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa |
| Key Countries Covered | The U.S., Canada, Germany, the U.K., France, Italy, Spain, Russia, Ireland, Norway, Sweden, Denmark, Finland, Poland, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, Dubai, Saudi Arabia, Egypt, Israel, Turkey, and South Africa |
| Key Segments Covered | Component, Voltage, and Region |
| Key Companies Profiled | • General Electric • Schneider Electric • Siemens Energy • ABB Group • Eaton • Hitachi ABB Powergrids Inc. • NR Electric Co., Ltd • NEI Electric Power Engineering, Inc. • Tesco Automation Inc. • S&C Electric Company • Kirby Group • Mortenson Company • Sify Technologies Limited • Black & Veatch Holding Company • Hyosung Heavy Industries |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Key Takeaways
- By component, the switchgears segment is expected to account for 23% of the total market share in 2022.
- By voltage, the above 500kV segment is anticipated to expand at a 7.4% CAGR over the forecast period.
- Sales in the Finland data center substation market are expected to account for nearly 13% of the Europe market share through 2031.
- The market in Japan is expected to grow at a CAGR of around 8.3% through 2032.
- In India, sales are expected to increase at a CAGR of 10.2% over the forecast period.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-14267
Competition Landscape
Leading players operating in the global data center substation market are investing in research and development to comply with growing demand for digital data solutions. Besides this, players are investing in mergers, acquisitions, and collaborations to expand thwir global footprint.
Explore FMI’s Extensive ongoing Coverage on Technology Domain
Data Management Platforms Market - Data Management Platform is a data warehouse that collects large amount of data, sorts it according to various verticals and stores it and finally releases information in a way which is useful for marketers, publishers and other businesses.
Data As A Service (DAAS) Market - Data as a Service (DaaS) is a cloud service leverage to ensure the availability of critical data in a convenient, cost-effective manner to businesses. DaaS model works on the principle of offloading the load and risks associated with Data Management to a third-party Cloud-based provider.
Healthcare Master Data Management Market - Information Technology has revolutionised every industry and brought about substantial changes. It has made the world more interconnected, interdependent and increased the volume of data to be processed enormously.
Dynamic Data Management System Market - Dynamic data management system is a value based system architecture which is adopted by most of the enterprises in order to store and manage several types of data objects for the purpose of indexing and linking database.
Automatic Identification And Data Capture Market - Globally technology providers are increasingly focusing on reducing the human involvement in non-intelligent and basic machine based transactions. Development and adoption of systems that perform a set of transactions based on predefined triggers is on the rise.
Data Extraction Software Market - Data extraction has emerged as a technique of extracting and discovering new knowledge in data implicit in a large data warehouse to enable better business decisions and strategy formulation.
Data Conversion Services Market - Data conversion services helps converting data from one format to another. Business data can be in multiple formats, such as files, catalogs, web data, PDF files, image files, periodicals, databases and others.
Big Data Security Market - Increasing sophistication in the attacking techniques leaving the data vulnerable, in addition to rising volumes of data generated by different enterprises is the key factor driving the market of big data security.
Sensor Data Analytics Market - Data analytics (DA) is the field of inspecting raw data with the motive of study and drawing conclusions. Data analytics is used in taking better business decisions based on the conclusions drawn.
Mobile Data Protection Market - Protection of data from theft, loss, or misuse has become crucial practice in every enterprise, as breach of data can hamper brand image and result into severe losses. In the recent past, introduction of mobility has altered the operations within an organization globally.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/data-center-substation-market
Press Release Source: https://www.futuremarketinsights.com/press-release/data-center-substation-market
