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Global Data Centre Transfer Switches and Switchgears Market to Reach About USD 4.08 Billion by 2027, Driven by the Rising Demand for Reliable Power Distribution Systems in Data Centres

According to a new report by EMR titled, ‘Global Data Centre Transfer Switches and Switchgears Market Report and Forecast 2022-2027’, the market is expected to grow at a CAGR of 7.80% in the forecast period of 2022-2027 to reach a value of nearly USD 4.08 billion by 2027.

The market growth of data centre transfer switches and switchgears can be attributed to the growing requirement for reliable power distribution systems in data centres. With rapid digitisation in the wake of the COVID-19 pandemic, the demand for transfer switches and switchgears to maintain uninterrupted services and electrical supply in data centres is increasing. The growing popularity of modular date centres is also bolstering the utilisation of low-voltage distribution switchgear to optimally distribute the load between power sources. As transfer switches and switchgears are integral in maintaining required uptime levels, the market is predicted to witness robust growth. Technological advancements and innovations to boost the cost-effectiveness of data centre transfer switches and switchgears while increasing their durability are anticipated to provide further impetus to the growth of the market in the forecast period.

ABB Ltd (NYSE: ABB), one of the leading companies in the market, completed the delivery of medium-voltage switchgear and control gear for an innovative data centre from Aruba in October 2018. The Global Cloud Data Centre is situated in Ponte San Pietro and is the largest data centre campus in Italy. The switchgears are designed to communicate among themselves and support the most up-to-date plant control and monitoring methods. They are extremely flexible and fit for applications where photovoltaic and hydroelectric energy is self-generated while facilitating maintenance and management of replacement parts. The use of such innovative transfer switches and switchgears in data centres is propelling the growth of the market.

Market Analysis by Switchgears Type, Transfer Switches Type, and Region:

  • The market, on the basis of switchgears type, can be divided into low voltage and medium voltage.
  • Based on transfer switches type, the industry can be divided into automatic transfer switches and static transfer switches, among others.
  • The regional markets for data centre transfer switches and switchgears include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing investments in data centres by the leading companies are escalating the demand for transfer switches and switchgears to control electricity oversupply, which is bolstering the growth of the market.
  • The market is being fuelled by the growing frequency of power outage in data centres in emerging economies, which, in turn, is surging the requirement for power backup systems and invigorating the market growth of data centre transfer switches and switchgears.
  • With the rising necessity to control electrical supply in data centres, the growing demand for power backup and control devices is augmenting the market for data centre transfer switches and switchgears.
  • The incorporation of innovative technical features in data centre transfer switches and switchgears by the leading companies is propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for data centre transfer switches and switchgears for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the switchgear types, transfer switches types, and major regions of data centre transfer switches and switchgears.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global data centre transfer switches and switchgears market are Caterpillar Inc., Cummins Inc., ABB Ltd, Delta Electronics, Inc., Eaton Corporation PLC, and Siemens AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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