Global Critical Power and Cooling Market Analysis 2022
The Global Critical Power and Cooling Market is expected to reach $53.56 billion by 2028 growing at a CAGR of 11.0% from 2021 to 2028. Critical power and cooling services are key aspects of the global data center industry. These solutions provide protection against data loss, hardware damage and downtime. They are also used to provide the support to the buildings, industries, power & data center infrastructure, for data security. These services are reliable and help enhance the life of the equipment. Additionally, critical power and cooling solutions ensure improved manageability, improves the cooling efficiency and performance of equipment. Critical power and cooling solutions find application in residential, commercial and industrial sectors.
Factors such as recuperating cooling efficiency in data centers, rising digitalization & cloud computing, and regulations and initiatives by institutes and associations are driving the growth of the market. However, high investment cost is restraining the growth of the market.
Based on the end user, the commercial segment is expected to have lucrative growth during the forecast period, due to an increase in the number of data centers, hospitals, banks, financial services and insurances (BFSI), and hotels and restaurants, mainly in countries such as China and India.
The key vendors mentioned are Johnson Controls Inc., Eaton Corporation, Daikin Industries, ABB, SPX Corporation, Siemens AG, Schneider Electric SA, Falcon Electric Inc., Nortek Air Solutions LLC., Asetek A/S, Delta Electronics, Inc., General Electric Company, Rittal GmbH & Co. KG, Socomec Group, Texas Instruments Incorporated, Xiamen Kehua Hengsheng Co.Ltd., ROHM CO., LTD, STMicroelectronics, Stulz GmbH, and Microchip Technology Inc.
Critical Power Types Covered:
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