The North America Data Center Substation Market would witness market growth of 4.1% CAGR during the forecast period (2021-2027).
The growth of the Data Center Substation market is expected to increase due to the rising demand for uninterrupted and seamless transmission and distribution of electricity to power data center facilities. A substation is a power network structure that connects transmission lines and distribution feeders with circuit breakers or switches and busbars. This enables the network's power flow to be controlled, as well as general switching procedures for maintenance. The voltage in transmission lines is mostly stepped up or down in these confined zones to a certain level suited for the distribution system. The rapid development in the volume of organized and unstructured data, as well as the growing demand for cloud computing, are likely to drive market expansion and, as a result, demand for efficient and dependable substations.
The quantity and variety of structured, semi-structured, and unstructured data in public and private networks has increased due to the exponential rise in internet consumption, the development of high-end software and application systems, and the rise in the number of several connected devices, like smartphones, laptops, tablets, and computers. As a result, corporations use modern storage and processing technologies to store and process enormous amounts of data, necessitating the use of a sophisticated data center.
Data center infrastructure solutions have continued to expand in popularity in the United States. Modular data center investments in tier-2 cities are boosting the growth of the data center power market by increasing data center capacity, particularly for local customers. During the coronavirus pandemic, "online life" became the new normal, forcing many enterprises to rely on digital platforms to continue their activities remotely. This new shift increased the strain on data center service and equipment suppliers to maintain pace with the significantly increased data volume.
The United States has undertaken several initiatives to upgrade its infrastructure. The US Army planned to spend up to USD 249 million on private cloud computing services and data centers to achieve this goal. The Army Private Cloud contract, which would offer cloud computing services to consolidate data centers utilising a secure private cloud, has been awarded to General Dynamics, HP, and Northrop Grumman.
The US market dominated the North America Data Center Substation Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,205.4 million by 2027. The Canada market is estimated to grow at a CAGR of 6.4% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 5.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Data Center Substation Market is Estimated 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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