According to a new report, published by KBV research, The Global Data Center Transfer Switches And Switchgears Market size is expected to reach $5.5 billion by 2031, rising at a market growth of 9.0% CAGR during the forecast period.
The Transfer Switch segment is leading the Global Data Center Transfer Switches And Switchgears Market by Type in 2023; thereby, achieving a market value of $2.8 billion by 2031. Transfer switches are essential components that ensure a seamless transition between primary and backup power sources. This capability is critical for data centers to maintain continuous operations during power outages or maintenance activities. The dominance of the transfer switch segment highlights its importance in providing reliability and minimizing downtime for data center operations.
The Edge Data Centers segment registers a CAGR of 9.9% during (2024 - 2031). Edge data centers are designed to be closer to end-users and devices, which helps reduce latency and improve the performance of applications that require real-time data processing. This proximity is critical for supporting the rapid proliferation of Internet of Things (IoT) devices, autonomous systems, and real-time data analytics. The deployment of advanced transfer switches and switchgears in edge data centers ensures efficient and reliable power management, essential for maintaining seamless operations and preventing downtime.
Full Report: https://www.kbvresearch.com/data-center-transfer-switches-and-switchgears-market/
The North America region dominated the Global Data Center Transfer Switches And Switchgears Market by Region in 2023; thereby, achieving a market value of $1.9 billion by 2031. The Europe region is expected to witness a CAGR of 8.8% during (2024 - 2031). Additionally, The Asia Pacific segment exhibits a CAGR of 9.6% during (2024 - 2031).
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