Power outages are
non-negotiable in critical business environments such as hospitals, IT data
centers, industrial and infrastructural units, and energy setups. Critical
power and cooling solutions are essential to enhance the life of equipment and
ensure steady performance. Critical
power and cooling services have become key to the functioning of industries,
especially the data center industry and are being increasingly demanded on a
global scale.
Perhaps, the increase in
the number of data centers is the most significant factor that has driven the
global critical power and cooling market. Data center operators are faced with
the challenges of prolific growth in data consumption and workloads, meet
sustainability goals, reduce cost, and increasing power dense infrastructure
which emits massive heat. Such complex environment requires reliable power,
lighting, and heating/cooling for optimum performance, which has induced demand
within the critical power and cooling market. Other factors supporting market
growth include growing demand for improved cooling efficiency, need to
stabilize power supply variation, and tighter industry regulations to reduce
anomalies in power supply.
Segmentation
The
global Critical
Power and Cooling Solutions Market has been segmented based on type and
end-use.
By
type, the critical power market and cooling market has been segmented into
uninterrupted power supply (UPS), generators, and others. The other segment
includes converters, power transfer switching, inverters, transfer switches,
breaker transfer pairs, and generator paralleling breakers. The UPS segment is
estimated account for the largest share of the market over the forecast period.
The growth of the segment can be attributed to rapid industrialization in the
APAC region.
By
end-use, the critical power and cooling market has been segmented into
Industrial, commercial, IT & Telecommunication, Telecom, and
Transportation. The commercial segment is anticipated to capture the highest CAGR
over the forecast period due to the rise in the number of data centers, banks,
hotels, and other commercial properties.
Regional
Analysis
Region-wise, the critical power and cooling market has
been segmented into North America, South America, the Middle East & Africa
(MEA), Europe, and Asia Pacific (APAC).
North America is the dominant critical power and
cooling market. The augmenting demand for data centers and the presence of
power-sensitive industries where power and cooling are critical requirements
for the proper functioning of various industrial processes is boosting the demand
for critical power and cooling. The market is rapidly expanding in commercial areas
of the region such as the US, Mexico, and Canada. Moreover, high investments in
the construction of data centers by technology giants is likely to foster
market growth.
Rapid industrialization in the APAC region has opened
growth avenues for the critical power and cooling market. The consolidation of
the IT industry is a critical growth enhancer since they generate demand for
critical power and cooling from data centers. Heightened demand from end-use industries
in the region such as power generation, petrochemical, oil & gas, and others
are contributing to the market growth. China, India, and Indonesia are the key
contributors to the APAC market.
Competitive
Landscape
Stulz GmbH, Asetek A/S, Eaton Corporation, Nortek Air
Solutions, LLC, Critical Power, Falcon Electric, Inc., Delta Electronic, Inc., Xiamen
Kehua Hengsheng Co., Ltd., SPX Corporation, Johnson Controls, Inc., Socomec, Schneider,
Siemens, Daikin Industries,Ltd., General Electric, and ABB are the key players
in the critical power and cooling market.
No comments:
Post a Comment