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.

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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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