The global Critical Power and Cooling market is expected to grow at 8.92%
CAGR during the forecast period. The 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.
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.
Segmental Outlook
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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Competitive Dashboard
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.
Geographic Analysis
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.
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