Global Critical Power and Cooling Market Report and Forecast 2024-2032

Global Critical Power and Cooling Market Outlook

The global critical power and cooling market reached a value of about USD 28.24 billion in 2023. The industry is further expected to grow at a CAGR of about 8.40% in the forecast period of 2024-2032 to reach a value of around USD 58.49 billion by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

North America to be Among the Significant Regional Markets for Critical Power and Cooling

North America is one of the largest regions in the critical power and cooling industry due to the increasing demand for data centres and other commercial areas, rising need for data processing power, increasing need for information storage in the countries such as the United States, Canada, and Mexico. The presence of top tech giants, like Amazon, Microsoft, Apple, and Google that have huge power outages and data centres, and a large number of IT companies operating in Silicon Valley that are regarded as global centres for social media, innovation, and technology are adding to the global critical power and cooling industry growth in the region.
 
Due to the high industrial growth rate and increasing awareness of the need for backup power and cooling solutions to ensure protection against data loss, hardware damage, and downtime in the Asia Pacific, the market for critical power and cooling solutions is expected to grow significantly during the forecast period in this region. Moreover, the increased demand for electricity in various end-use categories, such as power plants, facilities, hospitals, banking, financial services, and institutions, is expected to drive up demand for critical power and cooling solutions throughout the forecast period.

Critical Power and Cooling: Market Segmentation

Uninterruptible power supplies (UPS), generators, converters, inverters, power transfer switching, breaker transfer pairs, generator paralleling breakers, switch transfer pairs, air conditioning, chilling units, cooling towers, humidifiers, and air coolers are some examples of critical power and cooling solutions. Critical power and cooling solutions can prevent data loss, hardware damage, and downtime. Also, key power and cooling solutions help to increase manageability, cooling efficiency, and equipment performance.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

By type, the market includes:

• Critical Power Type
  • UPS
  • Generators
  • Others
• Cooling Solutions Type
  • Chilling Units
  • Cooling Towers
  • Air Conditioning
  • Liquid Cooling Systems
  • Others

The various end-use of the market are:

• Commercial
• IT and Telecommunication
• Industrial
• Transportation
• Government and Defence

The regional markets for the critical power and cooling industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Increasing Number of Data Centres Augmenting the Market Growth

The increasing number of data centres for cloud computing and digitalisation will augment the market growth over the forecast period. The market would also benefit from the increased need for power in various end-use sectors, such as financial services and institutions, banking, hospitals, facilities, and power plants. The critical power and cooling industry is predicted to increase globally due to the rising demand for better cooling efficiency in data centres, a need to reduce power supply anomalies, and regulations and initiatives by institutes and associations. The critical power and cooling sector is hampered by high investment costs and environmental and health risks. Some of the key factors driving the growth of the global critical power and cooling industry include increasing power shortage globally, rapidly increasing urbanisation and industrialisation, and the rising need for backup power to protect equipment from the adverse effects of grid power fluctuations. Critical power and cooling solutions are dependable and assist in extending the equipment's useful life. The critical power and cooling industry is likely to benefit from this unique feature of the critical power and cooling industry during the forecast period.

Key Industry Players in the Global Critical power and cooling Market

The report gives a detailed analysis of the following key players in the global critical power and cooling industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Schneider Electric SE
• ABB Group
• Eaton Corporation plc
• Kehua Data Co., Ltd.
• Socomec
• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model, along with giving a SWOT analysis.

Key Highlights of the Report