Global Critical Power and Cooling Market to Reach Nearly USD 58.49 Billion by 2032, Aided by the Rising Use of Critical Power Solutions in the Transportation Sector

The growing utilisation of critical power solutions to ensure interrupted power supply in the transportation sector is driving the growth of the market. With the surging availability of innovative critical power solutions, critical power solutions with different voltages are increasingly utilised in the transportation sector. The market is also being fuelled by the increasing demand for backup solutions in transportation facilities and equipment, such as warehouse power systems, communication systems, and lighting systems.

As the transportation sector is undergoing rapid digitisation, the demand for reliable power backup to ensure continuity of operations is significantly surging. The rising adoption of critical power solutions offering enhanced installation flexibility is expected to provide further impetus to the market in the forecast period.

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ABB Group (NYSE: ABB), one of the leading companies in the market, launched HiPerGuard, a medium voltage (MV) uninterrupted power supply (UPS) solution, in September 2021. Through this, the company aims to provide a reliable and continuous power supply of up to 24 kV to protect mechanical and server loads in data centres and other critical facilities while reducing their downtime. The solution delivers 98% efficiency to eliminate power outages while reducing carbon emissions. It also offers increased grid support capabilities, tackles key power quality issues, prevents circuit board failures and data processing errors, and minimises costly downtime.

Moreover, the product provides advanced integration capabilities with various backup power systems and ensures flexibility of system design and future energy source implementation. Hence, the development of such innovative products by the leading companies is propelling the market for critical power and cooling.

Market Analysis by Type, End User, and Region:

• The market, on the basis of type, can be divided into critical power type and cooling solutions type.

• Based on end-user, the industry can be divided into commercial, IT and telecommunication, industrial, transportation, and government and defence.

• The regional markets for critical power and cooling include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The rising demand for uninterrupted power supply in data centres and commercial areas is driving the market for critical power and cooling.

• The market is being propelled by rapid industrialisation and the rising demand for electricity in various end-use sectors such as banking, healthcare, power plants, and telecommunications, among others.

• With rapid digitisation and the increasing penetration of data centres, the demand for critical power and cooling solutions is growing, which is augmenting the growth of the market.

• The market growth can be attributed to the increasing power shortage and the rising demand for power backup to ensure the functionality and protection of electronic devices and equipment.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for critical power and cooling for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, end-users, and major regions of critical power and cooling.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global critical power and cooling market are Schneider Electric SE, ABB Group, Eaton Corporation plc, Kehua Data Co., Ltd., and Socomec, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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