ID: MRFR/E&P/1837-HCR | February 2021 | Region: Global | 111 pages
Critical Power and Cooling market is expected to grow at ~8.92% CAGR during the forecast period.
Increase in the number of data center and improving cooling efficiency in data centers would driver the growth of critical power and cooling market. For instance, in November 2018, Google stated that it would invest USD 685 million for a new energy efficient data center in Denmark. Similarly, Google would also invest USD 140 million to expand data center in Chile. Such investments would boost the growth of critical power and cooling services in data centers to maintain energy efficiency.
The global 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.
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 market is further segmented based on end-use, including Industrial, commercial, IT & Telecommunication, Telecom, and Transportation. The Commercial segment of the global 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.
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.
Global Critical Power and Cooling Market
Global Critical Power and Cooling market is expected to witness substantial growth during the forecast period owing to investments in industrial and commercial sector along with increasing need for efficiency and digitization in data centers. North America holds the largest share in the 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.
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.
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and End Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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.|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market can expand at a high rate over the coming years.
Increasing digitalization and cloud computing across the world ensure that the market size by 2023 gains immense traction.
The significant companies in the market are Asetek A/S, Xiamen Kehua Hengsheng Co.,Ltd., Critical Power, Stulz GmbH, Schneider, ABB, Socomec, Falcon Electric, Inc., Daikin Industries,Ltd., SPX Corporation, Siemens, Johnson Controls, Inc., General Electric, Nortek Air Solutions, LLC., Delta Electronic, Inc., Eaton Corporation, and others.
North America dominates the global market.
the primary types covered in the report are generators, uninterrupted power supply, and others. The other types are inverters, converters, power transfer switching, transfer switches, generator paralleling breakers and breaker transfer pairs.