The critical power and cooling market is projected to reach USD 26.2 billion in 2024 and grow to USD 82 billion by 2034, with a CAGR of 12.1%. This growth is fueled by the increasing adoption of digital services, cloud computing, and big data analytics, leading to a significant expansion of data centers. As these facilities grow, the need for reliable power and cooling solutions becomes essential to ensure continuous operations, prevent data loss, and maintain the integrity of critical infrastructure.
The growing reliance on digital processes has made downtime more costly for businesses, highlighting the importance of uninterrupted power and efficient cooling systems. Sectors such as finance, healthcare, manufacturing, and government are undergoing digital transformations that require advanced IT infrastructure, further driving the demand for critical power and cooling solutions.
The proliferation of Internet of Things (IoT) devices and the expansion of 5G networks also contribute to the rising need for resilient data processing and storage facilities. Alongside this, increasing awareness of cybersecurity threats has led to investments in secure and robust infrastructure, boosting demand within the market.
Key Takeaways from the Market Study
- From 2019 to 2023, the critical power and cooling market expanded at a CAGR of 15.2%.
- Based on type, the uninterrupted power supply segment is expected to rise at a CAGR of 11.8% from 2024 to 2034.
- The critical power and cooling market demand in China is predicted to grow at a CAGR of 13.1% through 2034.
- In the United States, the critical power and cooling market industry is estimated to register a CAGR of 12.4% from 2024 to 2034.
- The United Kingdom is projected to expand by a value CAGR of 13.5% between 2024 and 2034.
- The critical power and cooling market in Japan is anticipated to record a CAGR of 10.9% during 2034.
Competitive Landscape
The leading players are forming partnerships with other technology providers to create comprehensive solutions that integrate critical power and cooling with other data center infrastructure components. Collaborating with industry leaders to enhance product portfolios and jointly address market challenges.
- General Electric (GE) – A multinational conglomerate with interests in aviation, healthcare, power, and renewable energy. Provides critical power solutions, including UPS systems, power distribution, and monitoring solutions.
- Eaton Corporation – A global power management company. Offers a wide range of critical power solutions, including UPS systems, power distribution, and control products.
- Delta Electronics – A Taiwanese multinational company specializing in power and thermal management solutions. Provides UPS systems, precision cooling solutions, and renewable energy products.
Top 10 Key Players in the Critical Power and Cooling Market
- Schneider Electric
- ABB
- General Electric
- Eaton Corporation
- Delta Electronics
- Socomec Group
- Falcon Electric Inc.
- Daikin Industries
- Stulz Group
- Vertiv
Critical Power and Cooling Market – Key Segments
By Type:
- Uninterrupted power supply
- Generators
- Air conditioning
- Chilling units
By End-Use:
- Industrial
- Commercial
- IT & Telecommunication
- Transportation
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and the Pacific
- East Asia
- Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/critical-power-and-cooling-market
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