The critical power and cooling market is projected to be valued at USD 26.2 billion in 2024 and is expected to grow to USD 82 billion by 2034, with a CAGR of 12.1% over the forecast period. The increasing adoption of digital services, cloud computing, and big data analytics has led to a significant expansion in both the number and size of data centers. This growth has created a rising demand for reliable critical power and cooling solutions to ensure uninterrupted operations, prevent data loss, and maintain the stability of essential infrastructure, as data centers are vital to supporting modern technological ecosystems.
As businesses increasingly rely on digital processes and data-driven decision-making, the financial impact of downtime has intensified. Ensuring continuous power and maintaining optimal temperature levels are critical to avoiding disruptions, reducing productivity loss, and protecting revenue streams.
Key industries such as finance, healthcare, manufacturing, and government are undergoing digital transformation, driving the demand for robust IT infrastructure and critical power and cooling solutions. The growing use of Internet of Things (IoT) devices and the rollout of 5G networks are also contributing to the need for enhanced data processing and storage facilities, further emphasizing the importance of resilient power and cooling infrastructure.
Increased awareness of cybersecurity threats has highlighted the need to strengthen critical infrastructure, including power and cooling systems. Investments in secure and resilient solutions are expected to play a significant role in driving the market’s growth.
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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