Report Code: 10949 | Available Format: Excel
The critical power and cooling solutions market size has been estimated at USD 25.5 Billion in 2023, and it will touch USD 56.0 Billion by 2030, powering at a rate of 12.1% between 2024 and 2030.
This is because of the development of edge computing, the growing need for data centers, industrial automation & smart manufacturing, and the emphasis on energy efficiency.
Critical power and cooling infrastructures are important for the uninterrupted operation of data centers and other important infrastructure. They guarantee a reliable power supply, prevent downtime, and keep the optimal temperatures, protecting sensitive equipment. With technological advances and digital dependency increasing, these solutions are of major importance, not only for operational continuity but also for energy efficiency and environmental sustainability.
A key trend being witnessed in the industry is a move towards flexible as well as scalable solutions. Vendors are becoming aware of the shifting demands of data centers and critical infrastructure, developing flexible solutions capable of responding to changing needs. Another trend is the incorporation of smart grid technologies, in which power and cooling solutions are linked for real-time monitoring and power consumption optimization. This allows for a more intelligent as well as reactive infrastructure.
Moreover, the industry is also observing an extensive acceptance of cloud-based monitoring and management platforms. The features of the cloud are utilized for remote monitoring of power and cooling systems, thus improving efficiency and reducing downtime. At the same time, there is an increasing focus on sustainability, as manufacturers continuously develop solutions that utilize renewable power sources to reduce ecological influence. This concentrated effort shows a commitment to producing environmentally friendly as well as energy-effective power & cooling solutions for the future.
The industrial category, based on end-use, is a significant contributor to the industry. Many industrial processes are highly sensitive to interruptions in power supply. Generally, chemicals, food production, and pharmaceuticals sectors, function in regulatory environments with stringent needs for safety & environmental control. Adherence to these regulations involves the deployment of dependable critical power and cooling systems. These facilities are often characterized by the presence of complicated and sensitive machinery such as production equipment, control systems, and robotics. These systems will work efficiently and precisely as long as they have a steady power supply.
Critical power solutions prevent this equipment from failing due to power quality problems or outages. Temperature control and conditions of the environment are important for many industrial processes. Critical cooling solutions are an important part of the process that helps to provide the most favorable operating conditions for equipment, avoid overheating, and deliver consistent quality of the final product.
Report Attribute | Details |
Market Size in 2023 |
USD 25.5 Billion |
Revenue Forecast in 2030 |
USD 56.0 Billion |
Growth Rate |
12.1% CAGR |
Historical Years |
2017-2023 |
Forecast Years |
2024-2030 |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
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The UPS category, based on type, is likely to advance at a significant CAGR during this decade. A UPS system acts as a central element in preventing power disruptions, which in turn guarantees the continuous operation of vital equipment in different sectors. Data centers – large-scale as well as edge facilities – are characterized by their high demand for UPS systems.
The tremendous rise in demand for data centers powered by cloud computing, digital services, and the Internet of Things has been the main driver of category expansion. UPS systems are the key element of industrial automation and control systems, ensuring continuous operation and reducing expensive downtime.
North America is the largest contributor to the industry. This can be ascribed to technological developments, digitalization, adherence to standards, and a strong need for dependable power infrastructure. North America hosts a large number of data centers thanks to the explosive growth in the demand for big data, digital services, and cloud computing. With the continuous growth of data centers, reliable critical power and cooling systems are essential to maintain seamless operations.
Moreover, the continent has witnessed fast growth in edge computing, with the setting up of edge data centers to lower latency and serve real-time applications. These edge facilities demand the use of specific critical power and cooling infrastructure.
APAC is likely to advance significantly in the coming years. This is because of the rapid industrial growth, coupled with the increasing demand for backup power and cooling systems which help prevent data loss, hardware damage, and downtime. In addition, the increased need for electricity in different end-use areas including hospitals, BFSI, and power plants, will eventually boost the requirement for critical power and cooling solutions during this decade.
The critical power and cooling solutions market is dynamic, with both new and established players contributing to a range of offerings. Moreover, the industry is dynamically evolving to meet the demand from data centers and infrastructure, which is encouraging innovation as well as adaptation.
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