Press release
Critical Power and Cooling Market 2022: Vendors- Schneider Electric, ABB, Ltd., General Electric Corporation, Eaton Corporation and siemens health
Critical Power and Cooling Market
The factors driving the growth of Critical Power & Cooling Market are rise in new technology like cloud computing and digitalization which leads to the increase in demand for data centers and reduction in variation in power supply. The other factors that are responsible for the growth are demand for the improved cooling efficient system in data center and growing initiative by the industries for the protection of their system. The increase in demand of the photovoltaic inverters have resulted in the rise of Critical Power & Cooling Market. Reliability, quality and innovation are also the growth factor of this market.
The report has been analyzed based on the types, cooling solution types, end-users, and regions. On the basis of type, generator segment is expected to grow during the forecast period due to the rising demand for data centers, industrial system controls, facility control and critical power control in various industries. Based on the cooling solution type, Air conditioning segment has dominated the market due to rapid industrialization and urbanization in Asia-Pacific region. The rising demand for control rooms, critical loads in several industries have also led to the growth of this segment. On the basis of end-user, commercial segment is expected to dominate the market during the forecast period due to increase in growth of hospitals, banks, hotels and restaurants mainly in China and India.
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Key Players
The key players of global critical power & cooling market are
• Schneider Electric (France),
• ABB, Ltd. (Switzerland),
• General Electric Corporation (U.S.),
• Eaton Corporation (Ireland),
• Delta Electronics, Inc. (Taiwan),
• Critical Power Xiamen Kehua Hengsheng, Co. (China),
• Socomec (France),
• Falcon Electric, Inc. (U.S.),
• Daikin Industries, Ltd. (Japan),
• STULZ GmbH (Germany)
Market Research Analysis
The market is highly based on end-users. Commercial segment is expected to dominate the market during the forecast period due to the increase in use of critical power & cooling service in hospitals, financial services, data centers and hotels. The development in technology has resulted in the expansion of banking and financial services due to which the need for efficient installation of data center is expected to boost the critical power cooling market.
The major drivers that led to the growth of this market are increase in demand for data centers, growing demand for cooling efficiency in data centers and reduction in variation of power supply.
There are various restraints that hinder the growth of critical power & cooling market are high investment cost and effect on environment.
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Asia-Pacific accounts for the highest market share during the forecast period
Asia-Pacific region is expected to dominate the critical power & cooling market due to the increase in industrial growth rate which has led to the increase in power generation and data storage. The need for power in various industries such as power plants, hospitals and other institution have also resulted in the growth of this market. North America is the second largest region in critical power & cooling market due to the increase in data processing systems in various industries.
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