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Global Critical Power Market Size, Share, Trends, Forecast: By Type: Uninterruptible Power Supply (UPS), Generators, Others; By End Use: Commercial, IT and Telecommunication, Industrial, Transportation, Government and Defence, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Critical Power Market Outlook
The global critical power market size reached approximately USD 28.47 billion in 2023. The market is projected to grow at a CAGR of 8.9% between 2024 and 2032, reaching a value of around USD 61.72 billion by 2032.
Key Trends in the Market
Critical power refers to the supply of a certain amount of electrical power essential for the operation of crucial systems and equipment within an organisation or facility. These systems are vital for maintaining essential functions during power outages, ensuring the safety of personnel, protecting valuable data, and preventing significant financial losses.
- One of the primary factors influencing the global critical power market growth is the developing cloud and data centre infrastructure. Cloud computing technologies and data centres are required by businesses to operate reliably and maintain uptime without interruption. This creates a necessity for a constant power supply to enable the data centres to perform adequately. Moreover, the demand for increasing the performance of data centres is likely to further propel the growth of the market.
- Rapid industrialisation, particularly in emerging economies, is a significant global critical power market trend. Industrial facilities require constant power supply and reliable backup solutions to avoid production halts and major losses in profit during power interruptions. Additionally, urbanisation leads to higher population densities and increased strain on existing power infrastructure, necessitating robust critical power solutions.
- The increasing demand for lithium-ion batteries as a preferred choice for backup power solutions in critical applications is expanding the critical power market demand. These batteries offer several advantages over traditional lead-acid batteries, including higher energy density, longer lifespan, faster charging times, and smaller physical footprint.
Market Analysis
Based on type, the market can be segmented into uninterrupted power supply (UPS) and generators, among others. The global critical power market segmentation, based on end-use, includes commercial, IT and telecommunication, industrial, transportation, and government and defence, among others. The major regional markets for critical power are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global critical power market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Schneider Electric SE
- ABB Limited
- Eaton Corporation plc
- General Electric Company
- Kehua Data Co., Ltd.
- WEG S.A.
- Vertiv Group Corp.
- Delta Electronics Inc.
- Socomec Group
- Others
Market Share by Type
According to the global critical power market, generators are expected to be in high demand in the coming years owing to the rapid commercialisation and urbanisation of various regions. Commercial buildings require an uninterrupted power supply to ensure the proper functioning of facilities and avoid any power failure strike. In addition, unstable regional grids are likely to promote the importance of critical power systems. Advanced generators can allow the automatic transfer of power to crucial circuits in order to aid various business operations.
Market Share by Region
The Asia Pacific is expected to contribute significantly to the global critical power market share in the foreseeable future. This development can be attributed to various factors, such as economic development, the rapidly expanding IT and telecommunication sector, and the inadequate energy infrastructure.
Countries like China, India, Japan, South Korea, and several Southeast Asian nations have witnessed rapid industrialisation and urbanisation. As a result, there is a substantial demand for reliable power to support various sectors, including manufacturing, IT, telecommunications, and healthcare.
Competitive Landscape
Schneider Electric SE is one of the world’s major automation machinery manufacturing companies in the world. Headquartered in Paris, France, and founded in 1836, the company provides various IT and energy-related services for to enable digital transformation. It also holds expertise in providing infrastructure and solutions for data centres, including power distribution, cooling, and management systems.
ABB Limited is a pioneer in the field of technology. The company ABB came into existence with the merger of ASEA and BBC. It is a global leader in providing automation and control systems for various industries. This includes solutions for process automation, discrete automation, and robotics. ABB's robotics division is well-known for its industrial robots used in manufacturing and production lines.
Eaton Corporation plc is an Ireland-based appliances, electrical, and electronics manufacturing company. The company is also known as Eaton and places significant emphasis on providing electrical power distribution and control solutions. Eaton manufactures a wide range of electrical components, including circuit breakers, switches, and power distribution systems.
Other global critical power market players include General Electric Company, Kehua Data Co., Ltd., WEG S.A., Vertiv Group Corp., Delta Electronics Inc., and Socomec Group., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Critical Power Market Analysis
8.1 Key Industry Highlights
8.2 Global Critical Power Historical Market (2018-2023)
8.3 Global Critical Power Market Forecast (2024-2032)
8.4 Global Critical Power Market by Type
8.4.1 Uninterruptible Power Supply (UPS)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Generators
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Critical Power Market by End Use
8.5.1 Commercial
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 IT and Telecommunication
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Industrial
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Transportation
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Government and Defence
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Critical Power Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Critical Power Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Critical Power Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Critical Power Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Critical Power Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Critical Power Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Schneider Electric SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 ABB Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Eaton Corporation plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 General Electric Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Kehua Data Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 WEG S.A.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Vertiv Group Corp.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Delta Electronics Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Socomec Group
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Critical Power Market: Key Industry Highlights, 2018 and 2032
2. Global Critical Power Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Critical Power Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Critical Power Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Critical Power Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Critical Power Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Critical Power Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Critical Power Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Critical Power Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Critical Power Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Critical Power Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Critical Power Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Critical Power Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Critical Power Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Critical Power Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Critical Power Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Critical Power Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Critical Power Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 28.47 billion.
The market is projected to grow at a CAGR of 8.9% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 61.72 billion by 2032.
The market is driven by the rising commercialisation and industrialisation in emerging economies and the rapidly expanding IT and data centre infrastructures.
The growing popularity of lithium-ion batteries and the growing urban population around the world are expected to propel the expansion of the market in the coming years.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different end-uses are commercial, IT and telecommunication, industrial, transportation, and government and defence, among others.
The key players in the market include Schneider Electric SE, ABB Limited, Eaton Corporation plc, General Electric Company, Kehua Data Co., Ltd., WEG S.A., Vertiv Group Corp., Delta Electronics Inc., and Socomec Group., among others.
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