Critical Power and Cooling Market is expected to grow at a robust CAGR
Global Critical Power and
Cooling Market is expected to grow owing to growth in cloud computing,
digitization and telecommunication throughout the forecast period.
According to TechSci
Research report, “Critical
Power and Cooling Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028”, the Global Critical Power and Cooling
Market is
expected to register robust growth during the forecast period.
The market is propelled by
various factors including the growing number of data centers driven by
digitalization and cloud computing, rising demand for enhanced cooling
efficiency in data centers, the imperative to mitigate power supply anomalies,
and the influence of regulations and initiatives by institutes and
associations. However, high investment costs and potential environmental and
health hazards serve as significant obstacles impeding the market's growth.
Developing cooling
solutions with advanced economization features and environmentally friendly
refrigerants assists organizations in decreasing their carbon footprint and
reducing operational expenses. Solutions that align with sustainability
objectives are highly sought after.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "Global
Critical Power and Cooling Market."
Based on critical power
type, the UPS segment is expected to dominate the market during the
forecast period. The UPS segment constitutes a significant portion of the
global critical power and cooling market, propelled by the escalating demand
for reliable power in critical facilities. UPS systems are extensively deployed
across various sectors, including data centers, healthcare facilities,
manufacturing plants, telecommunications networks, and financial institutions. UPS
systems play a pivotal role in industrial automation and control systems,
guaranteeing uninterrupted operation and averting costly downtime. Hospitals
and healthcare facilities rely on UPS systems to uphold critical medical
equipment, patient records, and life-saving devices during power outages. Stringent
regulatory requirements necessitate the utilization of UPS systems in sectors
such as healthcare, finance, and data centers to safeguard data integrity,
patient care, and financial stability. Digitalization and the Internet of
Things (IoT) are propelling the advancement of intelligent UPS systems that
offer real-time monitoring, predictive maintenance, and remote management
capabilities. These features enhance operational efficiency and minimize
downtime. Some UPS systems are designed to integrate with energy storage
solutions and renewable energy sources, empowering organizations to achieve
energy resilience and reduce dependency on the grid.
Based on cooling solutions
type, the IT & Telecommunication segment is projected to dominate the
market throughout the forecast period. The IT and Telecommunication segment
holds a significant share in the global critical power and cooling market. This
segment encompasses various applications such as data centers, network
facilities, telecommunications hubs, and cloud infrastructure. The demand for
uninterrupted power supply and efficient cooling in telecommunications
infrastructure has been amplified by the deployment of 5G technology, the
expansion of broadband networks, and the increasing need for reliable
connectivity. Any downtime in IT operations can lead to substantial financial
losses and damage to brand reputation. To mitigate these risks, organizations
invest in robust critical power and cooling infrastructure. Smart critical
power and cooling systems, equipped with IoT sensors and real-time monitoring
capabilities, enable predictive maintenance and remote management, enhancing
operational efficiency and reducing downtime. Some organizations are
integrating energy storage solutions and renewable energy sources with critical
power infrastructure to improve energy resilience and reduce reliance on the grid.
In summary, the IT and Telecommunication segment of the global critical power
and cooling market plays a vital role in ensuring the continuous operation of
digital infrastructure and telecommunications networks. This segment is driven
by factors such as digital transformation, data security concerns, and the high
cost of downtime. It is evolving with trends such as lithium-ion batteries,
modular designs, smart capabilities, and energy storage integration, all aimed
at providing more efficient and reliable power and cooling solutions.
Manufacturers and service providers in this industry must adapt to these trends
to meet the evolving needs of IT and telecommunication operators.
Key market players in the Global
Critical Power and Cooling Market are:-
- ABB Ltd.
- Ac Power Corp.
- Asetek A/S
- Eaton Corporation
- General Electric Company
- Riello Elettronica Group
- Rittal GmbH & Co. Kg
- SPX Corporation
- Schneider Electric SE
- Siemens AG
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“The Critical Power and
Cooling Market in North America is poised to be the dominant force in the
industry. Given the escalating amount of sensitive data stored and processed in
data centers, maintaining power reliability is imperative to mitigate data loss
and system downtime. Financial institutions, such as stock exchanges and banks,
necessitate uninterrupted power to mitigate financial losses and uphold market
stability.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Critical Power and
Cooling Market – Global Industry Size, Share, Trends, Opportunity, and Forecast
Segmented By Critical Power Type (UPS, Generators and Others), By Cooling
Solutions Type (Chilling Units, Cooling Towers, Air Conditioning, Liquid
Cooling Systems and Others), By End-Use (Commercial, IT &
Telecommunication, Industrial, Transportation and Others), By Region, By
Competition Forecast & Opportunities, 2018-2028,” has evaluated the future
growth potential of Global Critical Power and Cooling Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Critical Power and Cooling Market.
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