Critical power and cooling services are
key aspects of the global data center industry. They are used to provide the
support to the buildings, industries, power & data center infrastructure,
for data security. The critical power and cooling services are reliable and
help enhance the life of the equipment. Ensuring enough cooling to enable
steady performance is another requirement arising from the large-scale use of
computing hardware and is likely to play an important role in the development
of the global critical power and cooling market during the forecast period.
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The global Critical Power and Cooling
market is projected to grow at a high rate during the forecast period, mainly
due to the rise in digitalization and cloud computing. Siemens (Germany) is
expanding its services in digitization of data centers in the US by investing
USD 175 million. This would lead to more efficient data centers which would
drive the critical power market.
Key
Players
The key players of global Critical Power
and Cooling market are Schneider, ABB, General Electric, Eaton Corporation,
Delta Electronic, Inc., Critical Power, Xiamen Kehua Hengsheng Co.,Ltd.,
Socomec, Falcon Electric, Inc., Daikin Industries,Ltd., Stulz GmbH, Asetek A/S,
Siemens, Johnson Controls, Inc., SPX Corporation, Nortek Air Solutions, LLC.
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Segmentation
Global Critical Power and Cooling market
has been segmented based on type, end-use, and region.
Based on type, the critical power market
is classified into uninterrupted power supply, generators, and others.
(converters, inverters, transfer switches, power transfer switching, breaker
transfer pairs, and generator paralleling breakers). The UPS segment in the
critical power market is expected to dominate during the forecast period due to
the growth in Asia Pacific, owing to rising industrialization and urbanization.
Emerging countries such as India, China, and Indonesia, are expected to witness
high demand from end-users such as power generation, petrochemical, oil &
gas, and others.
The global Critical Power and Cooling
market is further segmented based on end-use, including Industrial, commercial,
IT & Telecommunication, Telecom, and Transportation. The Commercial segment
of the global Critical Power and Cooling market is estimated to register the
highest growth rate during the forecast period due to increase in the number of
data centers, banks, hotels, and other commercial properties.
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