The global switchgear monitoring system market for data centers, valued at $1,431.0 thousand in 2023, is projected to reach $5,334.1 thousand by 2034, with a CAGR of 12.45%. This growth is driven by the need to minimize downtime, advancements in IoT and sensor technology, and the expansion of data centers, including hyperscale, colocation, enterprise, and carrier types.
Key factors include the integration of smart grid infrastructure, sophisticated sensors, and data analytics tools for real-time monitoring, predictive maintenance, and enhanced power distribution reliability. Additionally, the focus on energy efficiency and sustainability in data centers boosts the demand for advanced monitoring systems.
Switchgear monitoring systems in data centers offer real-time monitoring of critical parameters like temperature, pressure, and gas levels, enabling proactive maintenance and fault detection. This helps prevent costly downtime, improve operational efficiency, and enhance safety by reducing electrical accident risks and ensuring regulatory compliance. Predictive maintenance capabilities optimize maintenance schedules, extend equipment lifespan, and reduce costs. Additionally, data collected can be analyzed for performance optimization, process improvement, and energy efficiency, resulting in cost savings and environmental benefits.
Segmentation 1: by Data Center Type
• Hyperscale Data Centers
• Colocation Data Centers
• Enterprise Data Centers and Carrier
• Others
Segmentation 2: by Solution Type
• Air-Insulated SwitchgearSegmentation 3: by Voltage
• Low Voltage
• Medium Voltage
• High and Extra Voltage
Segmentation 4: by Service
• Partial Discharge Monitoring
• Gas Monitoring
• Temperature Monitoring
• Others
Segmentation 5: by Region
• North America - U.S., Canada, and Mexico
• Europe - Germany, France, U.K., Italy, Netherlands, Norway, and Rest-of-Europe
• Asia-Pacific - China, Japan, Australia, India, South Korea, and Rest-of-Asia-Pacific
• Rest-of-the-World - Brazil, U.A.E., and Others of Rest-of-the-World
North America is expected to lead the switchgear monitoring system market for data centers due to continuous growth in smart grid infrastructure and rapid development of data centers.
· Eaton Corporation invested over $500 million in its North American manufacturing in August 2023 to meet the rising demand for its electrical solutions across utility, commercial, and data center sectors.
· In November 2022, General Electric developed the Digital HYpact switchgear as part of the EU-funded IN2STEMPO project, aimed at creating a smart power grid integrating smart metering, innovative power electronic components, energy management, and energy storage systems
.
Drivers:
· Critical need to minimize downtime and prevent outages
· Advancements in IoT and sensor technology
Limitations:
· High implementation costs
· Complex data management
Some of the prominent established names in this market are:
Company Type 1 (by Solution Type): Air-Insulated Switchgear
• ABB Ltd.
• Siemens AG
• Schneider Electric
• Hitachi Limited
• Fuji Electric
• General Electric
• TIEPCO
• NOJA Power Switchgear Pty Ltd
Company Type 2 (by Type): Gas-Insulated Switchgear
• Eaton Corporation
• Havells India Pvt. Ltd.
• Powell Industries, Inc.
• Toshiba Corporation
• HD Hyundai Electric Co., Ltd.
• WEG
• WESCOSA
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As Debraj Chakraborty, Principal Analyst, BIS Research states, “The integration of IoT and sensor technology drives growth in the switchgear monitoring system market for data centers by enhancing reliability and efficiency in power distribution. This advancement enables predictive maintenance, reducing operational costs.
The resulting data offers opportunities for data analytics firms to develop predictive maintenance algorithms, asset management software, and grid optimization tools, benefiting data center companies and renewable energy developers”.
This shift towards smarter, more resilient power infrastructure signals significant growth in the sector”.
