The Latin America, Middle East and Africa Data Center Substation Market is expected to witness market growth of 9.2% CAGR during the forecast period (2021 2027).
The industry has benefited from increasing energy demand for infrastructure rehabilitation and retrofitting, as well as increased spending on long-route high-voltage network expansion. On the other hand, data center substation construction projects confront hurdles such as high upfront costs, site acquisition difficulties, extended project cycles, time-consuming maintenance and repair work, and complex substation facilities that are difficult to incorporate into the surrounding environment. Nonetheless, the long-term benefits associated with a substation's lifecycle are likely to outweigh the financial challenges. As a result, market expansion is likely to be aided by continuing research and development efforts to produce innovative, energy-efficient, and digital or modular substations.
Saudi Arabia has recently emerged as one of the Middle East and Africa's technology hotspots. With the entry of big IT and healthcare enterprises into the market, demand for data centers in the region has skyrocketed, allowing companies to keep their data within the country's borders. Furthermore, as part of Saudi Arabia's Vision 2030 goals, technological companies such as Google, Microsoft, and IBM have established data centers in the kingdom, with ambitions to expand them.
Presently, 22 colocation data centers are available in six parts of the country for a variety of private and public companies from across the world. Furthermore, BIOS Middle East, a leading vendor of cloud and managed IT services in the Middle East, in January 2021, opened two additional cloud footprints in Riyadh and Jeddah to serve customers in Saudi Arabia. Therefore, these factors are estimated to open new growth avenues for the players operating in the regional Data Center Substation market throughout the forecast period.
The Brazil market dominated the LAMEA Data Center Substation Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $270 million by 2027. The Argentina market is exhibiting a CAGR of 9.8% during (2021 - 2027). Additionally, The UAE market is expected to showcase a CAGR of 8.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
The industry has benefited from increasing energy demand for infrastructure rehabilitation and retrofitting, as well as increased spending on long-route high-voltage network expansion. On the other hand, data center substation construction projects confront hurdles such as high upfront costs, site acquisition difficulties, extended project cycles, time-consuming maintenance and repair work, and complex substation facilities that are difficult to incorporate into the surrounding environment. Nonetheless, the long-term benefits associated with a substation's lifecycle are likely to outweigh the financial challenges. As a result, market expansion is likely to be aided by continuing research and development efforts to produce innovative, energy-efficient, and digital or modular substations.
Saudi Arabia has recently emerged as one of the Middle East and Africa's technology hotspots. With the entry of big IT and healthcare enterprises into the market, demand for data centers in the region has skyrocketed, allowing companies to keep their data within the country's borders. Furthermore, as part of Saudi Arabia's Vision 2030 goals, technological companies such as Google, Microsoft, and IBM have established data centers in the kingdom, with ambitions to expand them.
Presently, 22 colocation data centers are available in six parts of the country for a variety of private and public companies from across the world. Furthermore, BIOS Middle East, a leading vendor of cloud and managed IT services in the Middle East, in January 2021, opened two additional cloud footprints in Riyadh and Jeddah to serve customers in Saudi Arabia. Therefore, these factors are estimated to open new growth avenues for the players operating in the regional Data Center Substation market throughout the forecast period.
The Brazil market dominated the LAMEA Data Center Substation Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $270 million by 2027. The Argentina market is exhibiting a CAGR of 9.8% during (2021 - 2027). Additionally, The UAE market is expected to showcase a CAGR of 8.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Switchgears
- Gas Insulated
- Air Insulated
- Transformers
- Relays
- Capacitors
- Busbars
- Surge Arrestors
By Voltage Type
- Above 500 kV
- 220 kV - 500 kV
- 110 kV - 220 kV
- 33 kV - 110 kV
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Hyosung Heavy Industries Corporation
Unique Offerings from the publisher
- Exhaustive coverage
- The highest number of market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Data Center Substation Market by Component
Chapter 5. LAMEA Data Center Substation Market by Voltage Type
Chapter 6. LAMEA Data Center Substation Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- 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
- Hyosung Heavy Industries Corporation
Methodology
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