The Asia Pacific Data Center Substation Market would witness market growth of 7.2% CAGR during the forecast period (2021-2027).
Operators must go beyond the facility's walls to an electrical substation to energize it. Data centers can be created utilizing the most advanced engineering and smartest technology, but to energize the facility, operators must reach beyond its walls to an electrical substation. The substation connects the data center to its electric supply, which is normally a public utility system, however distributed power generating methods like fuel cells and solar arrays are becoming more popular. New data center project schedules are influenced by the utility company's workload and proficiency in deciding when the data center may begin operations and understanding the substation's capacity to manage the center's power needs when relying on a utility.
The regional market is characterized by the rising demand for data storage and cloud-based applications. In addition, the growing building of data centers in this region is due to the introduction of cloud-based services in sectors like IT, education, and healthcare, as well as increased government backing. Moreover, some of the major trends of the regional market are the high prevalence of smartphones and internet availability, as well as growing desire for mobility.
India is rapidly becoming a data center substation powerhouse, due to a rising internet user base, expanding data generation, and government programmes like as the Digital India mission. India is an appealing market for hyperscalers — entities that offer large-scale internet, networking, and cloud services to enterprises – as the world's second-most populated country with an ever-increasing smartphone penetration rate. Due to its vast domestic user base, India is a suitable fit for global data center operators aiming to expand in Asia.
The China market dominated the Asia Pacific Data Center Substation Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,089.9 million by 2027. The Japan market is anticipated to grow at a CAGR of 6.5% during (2021 - 2027). Additionally, The India market would display a CAGR of 7.9% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Data Center Substation Market is Projected to reach USD 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.
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