Data Center Transfer Switches And Switchgears Market Size Is Estimated To Reach $4.2 Billion By 2027

The global data center transfer switches and switchgears market size is anticipated to reach USD 4.2billion by 2027, expanding at a CAGR of 7.8%, according to a study conducted by Grand View Research, Inc. The growth of the market is attributed to the benefits offered by electrical devices such as protecting and isolating the electrical equipment that are directly linked to the electrical supply of the data centers. Moreover, transfer switches and switchgears, switch from primary source to back up supply like a UPS, and generators, thus allowing uninterruptible power supply operation in the datacenters.

Furthermore, volume of data to be stored in data centers has been increasing owing to the rise in cloud computing, mobile usage, and the evolution of the internet of things. Thus, datacenter operators need to function without interruption of power in order to prevent the loss of data. Moreover, the electrical devices ensure reliable power distribution throughout the data center and are responsible for handling utility as well as backup power supply. Thus, owing to the aforementioned factors the market is expected to witness significant growth over the forecast period.

Additionally, the companies operating in the market are focusing on offering advanced features to the equipment. However, companies like Eaton, Legrand, and ABB, are focused on introducing features like real time voltage monitoring, bypass isolation, evaluating load on the system, and identifying reserve capacity. These features ensure switchgears and transfer switches to switch faster between the backup and utility power based on the varying load conditions and power outages. Such advancements minimize the downtime and ensure continuous operation of the datacenter which is thereby expected to drive the market.

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Data Center Transfer Switches and Switchgears Market Report Highlights

• High adoption of low voltage switchgears and automatic transfer switches is expected to drive the market
• Asia Pacific is anticipated to witness a CAGR of more than 9.0% during the forecast period owing to the increase in the construction of datacenters. North America dominates the market with highest market share
• The key market players are focused on forming mergers and acquisitions, for example in January 2020 Siemens announced its plans to acquire C&S Electric Ltd., which is an electronics manufacturer based in Delhi, India. This acquisition will help Siemens bolster its presence in low voltage switchgear market in India.

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Data Center Transfer Switches and Switchgears Market Segmentation

Grand View Research has segmented the global data center transfer switches and switchgears market on the basis of technology, grid type, application, and region:

Data Center Transfer Switches Type Outlook (Revenue, USD Million, 2016 - 2027)

• Automatic
• Static

Data Center Switchgears Type Outlook (Revenue, USD Million, 2016 - 2027)

• Low Voltage
• Medium Voltage

Data Center Transfer Switches and Switchgears Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

List of Key Players of Data Center Transfer Switches and Switchgears Market

• ABB
• Caterpillar, Inc.
• Cummins, Inc.
• Delta Electronics, Inc.
• Eaton
• Emerson Electric Co.
• Schneider Electric

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com