According to a research report titled ‘Global Data Center Transfer Switches and Switchgears Market Size study, by Transfer Switches Type (Automatic transfer switch and Static transfer switch), by Switchgears Type (Low voltage and Medium voltage), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global data center transfer switches and switchgears market is anticipated to grow substantially during the 2021-2027.
 

Increasing adoption of switching devices for high voltage supply, surging electricity consumption, and preference for uninterrupted & reliable data services and power backup system are the major growth catalysts for global data center transfer switches and switchgears market.
 

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In this context, Nuclear Reaction Data Centers (NRDC) revealed that in the United States, the electricity consumption by data centers has increased from 91 billion KWh in 2013 to 140 KWh annually by 2020.
 

Moreover, new product launches, along with growing R&D activities will fuel the market expansion during the forecast period.
 

However, higher investment needs may stifle the industry outlook over the analysis timeframe.
 

Based on transfer switches type, worldwide data center transfer switches and switchgears market is divided into static transfer switch, and automatic transfer switch. On the basis of switchgears type, the industry is bifurcated into low voltage, and medium voltage.  Information pertaining to industry share held by each segment, alongside their growth rate and revenue contribution over forecast period is entailed in the report.
 

Considering the regional outlook, the report thoroughly studies the market trends in Asia Pacific, North America, Europe, Latin America, and Rest of the World.
 

As per the estimates, North America holds a significant market share at present, due to the presence of prominent players who are continuously introducing technological advancements. On the other hand, Asia Pacific market is predicted to record lucrative growth rate over the forecast period, owing to rising adoption of transfer switches and switchgears in data centers due to recurring power outages in the region.
 

The key players in global data center transfer switches and switchgears market are Caterpillar Inc., ABB Ltd., Cummins Inc., Delta Electronics Inc., Vertiv Group Corp., Eaton Corporation plc, Siemens AG, Legrand S.A., Schneider Electric SE, and General Electric Company.