The Latin America, Middle East and Africa Data Center Substation Market would witness market growth of 9.2% CAGR during the forecast period (2021-2027).
The industry has benefited from increasing energy demand for infrastructure rehabilitation and retrofitting, as well as increased spending on long-route high-voltage network expansion. On the other hand, data center substation construction projects confront hurdles such as high upfront costs, site acquisition difficulties, extended project cycles, time-consuming maintenance and repair work, and complex substation facilities that are difficult to incorporate into the surrounding environment. Nonetheless, the long-term benefits associated with a substation's lifecycle are likely to outweigh the financial challenges. As a result, market expansion is likely to be aided by continuing research and development efforts to produce innovative, energy-efficient, and digital or modular substations.
Saudi Arabia has recently emerged as one of the Middle East and Africa's technology hotspots. With the entry of big IT and healthcare enterprises into the market, demand for data centers in the region has skyrocketed, allowing companies to keep their data within the country's borders. Furthermore, as part of Saudi Arabia's Vision 2030 goals, technological companies such as Google, Microsoft, and IBM have established data centers in the kingdom, with ambitions to expand them.
Presently, 22 colocation data centers are available in six parts of the country for a variety of private and public companies from across the world. Furthermore, BIOS Middle East, a leading vendor of cloud and managed IT services in the Middle East, in January 2021, opened two additional cloud footprints in Riyadh and Jeddah to serve customers in Saudi Arabia. Therefore, these factors are estimated to open new growth avenues for the players operating in the regional Data Center Substation market throughout the forecast period.
The Brazil market dominated the LAMEA Data Center Substation Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $270 million by 2027. The Argentina market is exhibiting a CAGR of 9.8% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 8.9% during (2021 - 2027).
Based on Component, the market is segmented into Switchgears (Gas Insulated and Air Insulated), Transformers, Relays, Capacitors, Busbars, and Surge Arrestors. Based on Voltage Type, the market is segmented into Above 500 kV, 220 kV - 500 kV, 110 kV - 220 kV, and 33 kV - 110 kV. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Data Center Substation Market is Predict to reach $12.8 Billion by 2027, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include S&C Electric Company, NR Electric Co., Ltd., NEI Electric Power Engineering, Inc., Tesco Automation, Inc., General Electric (GE) Co., Schneider Electric SE, Siemens AG, Hitachi, Ltd., Eaton Corporation PLC, and Hyosung Heavy Industries Corporation.
By Component
By Voltage Type
By Country
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