Market Leader - Critical Power and Cooling Market
The global critical power and cooling market is likely to witness a growth rate 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 solutions across the globe.
The critical power and cooling market includes both global and small regional players. Some of the key players operating in the market include 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 growth strategies adopted by the key players in the critical power and cooling market include new product launches, contracts & agreements, partnerships, collaborations, alliances and joint ventures, expansions, and mergers & acquisitions. New product launches was the most commonly adopted strategy, constituting more than one-third of the total development share. The industry also adopted contracts and agreements, and partnerships and joint ventures, which were the second-most popular strategy in the past five years (2012–2016) in the critical power and cooling market.
Eaton Corporation (Ireland), Johnson Controls, Inc. (U.S.), Schneider Electric (France), Daikin Industries, Ltd. (Japan), ABB, Ltd. (Switzerland), and General Electric (U.S.), were among the leading players in the critical power and cooling market, in terms of development share.
Eaton Corporation (Ireland) is the global market leader in the field of critical power and cooling. The company has focused on new product launches as one of its key growth strategies. In July 2016, Eaton launched the version 1.53 of its Intelligent Power Manager software. This software provides operators with enhanced protection for IT equipment in data centers, and is incorporated with the OpenStack management platform and Hewlett Packard Enterprise’s One View.
Johnson Controls, Inc. (U.S.) provides a complete portfolio of critical power and cooling. The company has focused on new product launches as one of its growth strategies. In January 2017, the company introduced new products such as the YORK Eco Advance module. This module improves the quality of indoor air by recycling, thus, reducing the molecular air contamination in HVAC systems.
Related Reports:
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
Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: [email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
