The new report by Expert Market Research titled, ‘Global Data Centre Transfer Switches and Switchgears Market Growth, Share, Trend, Demand, Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global data centre transfer switches and switchgears market. It assesses the market based on segments like switchgear type, transfer switches type, and major regions like North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Data Centre Transfer Switches and Switchgears Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 2.6 billion
• Forecast CAGR (2022-2027): 7.8 %
• Forecast Market Size (2027): USD 4.08 billion
The growth of the global market for data centre transfer switches and switchgears is anticipated to be driven by increasing need to manage the electrical supply in data centres. There is also an increasing need for data centre redundancy and an evolving importance of transfer switches and switchgear. With redundancy, there is a backup available in case of individual component failure.
Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/data-centre-transfer-switches-and-switchgears-market/requestsample
Data centre operators’ reliance on power management solutions has increased due to increasing power prices. Switching devices such as transfer switches and switchgear are used in data centre architectures to control power supply and protect devices in the event of an electrical failure. As a result of high voltage power supply in data centres, switching devices have been adopted, which is driving the market growth.
Data Centre Transfer Switches and Switchgears Market Segmentation
In data centre designs, transfer switches and switchgear are used to control the power supply and protect the devices in the event of a power outage. Data centres have massive and complex system architectures, and a power outage in one could reduce overall system productivity.
Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/data-centre-transfer-switches-and-switchgears-market
On the basis of switchgears type, the market can be bifurcated into:
• Low Voltage
• Medium Voltage
On the basis of its transfer switches type, the market can be segmented into:
• Automatic Transfer Switches
• Static Transfer Switches
• Others
The regional markets include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Data Centre Transfer Switches and Switchgears Market Trends
Regionally, North America and Asia Pacific are anticipated to hold a significant share in the global market for data centre transfer switches and switchgears. The development of hyper-scale data centres is also expected to propel the switches and switchgears industry. The increasing need to control electric consumption at the data centres is likely to bolster the market growth further in the forecast period.
The fastest growing market region is the Asia Pacific, due to the increased frequency of power outages in data centres. This increases the need for backup equipment, and accordingly transfer switches and switchgear are used more frequently in the region. Furthermore, with the extensive use of smartphones and the widespread availability of the Internet, the amount of data that must be saved and processed has increased. The Asia Pacific market is expected to grow as the number of data centres increases due to heightened adoption of power backup and utility systems.
Key Market Players
The major players in the Data Centre Transfer Switches and Switchgears market report include:
- Caterpillar Inc.
- Cummins Inc.
- ABB Ltd
- Delta Electronics, Inc.
- Eaton Corporation PLC
- Siemens AG
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers, and acquisitions, among other latest developments of these market players.
Read More Reports:
Azimuth Thrusters Market: https://www.marketwatch.com/press-release/global-azimuth-thrusters-market-size-share-price-trends-growth-analysis-key-players-outlook-report-forecast-2022-2027-2022-11-09?mod=search_headline
Axial And Radial Seals Market: https://www.marketwatch.com/press-release/global-axial-and-radial-seals-market-to-be-driven-by-the-increasing-demand-in-the-industrial-process-in-the-forecast-period-of-2022-2027-2022-11-09?mod=search_headline
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Media Contact:
Company Name: Claight Corporation
Contact Person: Eliana Grace, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
