The report "Critical Power and Cooling Market, Power Solution by Type (UPS, Genset) and End Use (Industrial, Commercial, IT & Telecom, Transportation), Cooling Solution by Type (Air Conditioning, Chiller, Cooling Tower, Liquid Cooling System) - Global Forecast to 2021", is expected to grow from an estimated USD 16.87 Billion in 2016 to USD 25.80 Billion by 2021, at a CAGR of 8.88%, from 2016 to 2021. A rise in digitalization and cloud computing leading to an increase in demand for data centers, increasing demand for improved cooling efficiency in data centers, a need to reduce anomalies in power supply, and regulations and initiatives by institutes and associations are the major factors driving the market for critical power and cooling across the globe.
Browse 60 market data tables and 43 figures spread through 166 pages and in-depth TOC on "Critical Power and Cooling Market, Power Solution by Type (UPS, Genset) and End Use (Industrial, Commercial, IT & Telecom, Transportation), Cooling Solution by Type (Air Conditioning, Chiller, Cooling Tower, Liquid Cooling System) - Global Forecast to 2021"
Early buyers will receive 10% customization on reports.
The commercial end-use segment would dominate the global critical power and cooling market
In terms of end-use, the critical power market in this report has been classified into the following segments, namely, industrial, commercial, IT and telecommunication, transportation, and government and defense, while the cooling solutions market has been classified into the industrial, commercial, IT and telecommunication, transportation, and others (government buildings and military applications) segments.
The commercial segment dominated the critical power and cooling market in 2016 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.
UPS & air-conditioning is the largest type-based market segment
The report segments the critical power market on the basis of type into UPS, generators, and others (converters, inverters, transfer switches, power transfer switching, breaker transfer pairs, generator paralleling breakers, and switch transfer pairs), while the cooling solutions market is segmented into air conditioning, chilling units, cooling towers, liquid cooling systems, and others (economizer systems, control systems, pumping units, humidifiers, and air coolers). The UPS segment in the critical power market and the air-conditioning segment in the cooling market are expected to dominate by 2021. This growth is majorly driven by Asia-Pacific due to the rapid industrialization and urbanization in the region. The critical power and cooling market is expected to witness a growth in the developing countries of the region, such as China and India, due to increased demand from end-users such as the power generation, petrochemical, and oil & gas industries. Meanwhile, the power generation end-user industries are growing at a rapid pace in India and China.
North America is the dominant market for the critical power and cooling market
North America is currently the largest market for critical power and cooling. The U.S. accounted for the majority share in North America in 2016. The increasing number of data centers and data processing power, and increasing demand for information storage are factors driving the market in the U.S. and Canada.
To provide an in-depth understanding of the competitive landscape, the report includes the profiles of companies such as Schneider Electric (France), ABB, Ltd. (Switzerland), General Electric (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), Asetek A/S (Denmark), Vertiv, Co. (U.S.), ICS Cool Energy (U.K.), Piller Group GmbH (Germany), Riello Elettronica Group (Italy), Cyber Power Systems (U.S.), AC Power Corp. (PREEN) (Taiwan), Connexa Energy (U.S.), Siemens AG (Germany), SPX Corporation (U.S.), Johnson Controls, Inc. (U.S.), Nortek Air Solutions, LLC (U.S.), Rittal GmbH & Co. KG (Germany), and Airedale International Air Conditioning, Ltd. (U.K.), among others. The dominant players are trying to gain a foothold in developing economies and are adopting various methods to grab market share.
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]