Market
Scenario
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.
Increase in the number of data center and improving cooling efficiency in
data centers would driver the growth of critical power and cooling market. For instance, in November 2018, Google stated
that it would invest USD 685 million for a new energy efficient data center in
Denmark. Similarly, Google would also invest USD 140 million to expand data
center in Chile. Such investments would boost the growth of critical power and
cooling services in data centers to maintain energy efficiency.
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.
Industry
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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Regional
Outlook
North America holds the largest share in the critical power and cooling
market due to increasing demand of data centers and other commercial areas in
the countries such as US, Canada, and Mexico. For instance, Google (US) would
invest USD 13 billion in data centers in the US. Similarly, Apple (US) plans to
invest USD 10 billion in US data center construction between 2020 to 2025, out
of which USD 4.5 billion would be invested in the year 2019 and 2020. Such
investments would boost the growth of critical power and cooling market in the
US.
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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