Data Center Transfer Switches & Switchgears Market Size by Transfer Switches Type, Switchgears Type, Region, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2030
Overview
Data Center Transfer switches & Switchgears Market size was valued at US$ 2.87 Bn. in 2023 and the total revenue is expected to grow at 7.7% through 2024 to 2030, reaching nearly US$ 4.83 Bn.
Data Center Transfer Switches & Switchgears Market Overview:
In data center topologies, transfer switches and switchgear are used to control the power supply and protect the devices in the event of a power outage. Data centers contain enormous and sophisticated system architectures, and a power outage in one might damage the total system's productivity. The requirement to control the electrical supply and avoid power disruptions in data center operations is driving the market for data center transfer switches and switchgears.
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Data Center Transfer Switches & Switchgears Market Dynamics:
High-voltage power supplies in data centers have led to the increasing adoption of switchgear, which drives the demand for data center transfer switches and switchgear markets. In addition, data centers require a variety of transfer switches and switchgear, which are distributed in multiple places according to their use. The importance of data center redundancy is increasing, and the importance of transfer switches and switchgear is also evolving, which is expected to affect data the market for central transfer switches and switchgear is growing.
Rising power costs have increased the importance of data center operators on power management systems. Therefore, companies that provide transfer switches and switchgear are committed to introducing advanced technical features into their products. In addition, transfer switches and switchgear are being introduced to predict future power demand and help effectively manage power distribution. Smart switchgear, on the other hand, is equipped with a feedback mechanism that can recognize and forecast system problems, as well as convey warnings of potential failures to users in advance, allowing for quick corrective action. These features are anticipated to significantly reduce power loss and help drive market growth.
Segment Analysis:
On the basis of Transfer switches type, the Data Center Transfer Switches & Switchgears Market is sub-segmented into Automatic Transfer Switch, Static Transfer Switch, Bypass isolation Transfer Switch, Service Entrance Transfer Switch.
The automatic transfer switch segment held large market share of 86.5% in 2023. The benefits provided by automatic transfer switches, such as continuously monitoring the power supply and perceiving any fluctuations in the power source before switching to the secondary power source. The demand for automatic transfer switch is increasing because of increasing safety operation, high synchronization characteristics with primary and secondary sources of power and automatic transfer switches can be used with permanently installed standby generators.
The report has covered the market trends from 2023 to forecast the market through 2030. 2023 is considered a base year. Special attention is given effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
On the basis of switchgears type, the Data Center Transfer Switches & Switchgears Market is sub-segmented into low voltage and medium voltage.
The low voltage switchgear segment held the largest market share of xx% in 2023. For power distribution, low voltage switchgears are placed at various locations across a data center. For illustration, it is the main service switchgear in small data centers, and it is used at the input and output of UPS systems in large data centers. The various usage qualities and fast rate of acceptance are attributed to the segment's growth.
Regional Insights:
North America dominated the market with a revenue share of 38.0% in 2023. The presence of certain large firms in the region, such as Eaton and Emerson Electric, has contributed to the growth. These companies are dedicated to consistently improving their products and adding new technologically advanced features. In addition, companies such as Google have continuously increased their investment in building new ultra-large-scale data centers in the region.
The Asia-Pacific region is the fastest-growing region, with a CAGR of 9.0% during the forecast period. The frequency of power outages in data centers has increased the need for backup equipment, which in turn has increased the use of transfer switches and switchgear in the region. In addition, the high penetration rate of smartphones and the availability of the Internet have increased the amount of data to be stored and processed.
The objective of the report is to present a comprehensive analysis of the Data Center Transfer Switches & Switchgears Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Data Center Transfer Switches & Switchgears Market dynamics, structure by analyzing the market segments and projects the market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
Data Center Transfer Switches & Switchgears Market Scope: Inquire before buying
| Data Center Transfer Switches & Switchgears Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 2.87 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 7.7% | Market Size in 2030: | US $ 4.83 Bn. |
| Segments Covered: | by Transfer Switches Type | Automatic Transfer Switch Static Transfer Switch Bypass isolation Transfer Switch Service Entrance Transfer Switch |
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| by Switchgears Type | Low Voltage Medium Voltage |
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Data Center Transfer Switches & Switchgears Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Data Center Transfer Switches & Switchgears Market, Key Players
1. ABB
2. Caterpillar
3. Cummins
4. Delta Electronics
5. Eaton
6. Emerson Electric
7. ASCO Power Technologies
8. Schneider Electric
9. General Electric Company
10. Legrand
11. Data ACR Electric
12. Siemens AG
13. Vertiv Group Corp.
14. Edgecore Networks
15. Centec Networks Co.,
16. H3C Technologies Co
Frequently Asked Questions:
1. Which region has the largest share in Data Center Transfer Switches & Switchgears Market?
Ans: North America region holds the highest share in 2023.
2. What is the growth rate of Data Center Transfer Switches & Switchgears Market?
Ans: The market is growing at a CAGR of 7.7 % during forecasting period 2024-2030.
3. What segments are covered in market?
Ans: Data market is segmented into transfer switches type, switchgears type and region.
4. Who are the key players in market?
Ans: The important key players in the market are - ABB, Caterpillar, Cummins, Delta Electronics, Eaton, Emerson Electric, ASCO Power Technologies, Schneider Electric, General Electric Company, Legrand, Data ACR Electric, Siemens AG, Vertiv Group Corp., Edgecore Networks, Centec Networks Co., and H3C Technologies Co.
5. What is the study period of this market?
Ans: The market is studied from 2023 to 2030.