Critical power and cooling solutions include uninterrupted power supply (UPS), generators, converters, inverters, transfer switches, power transfer switching, breaker transfer pairs, generator paralleling breakers, switch transfer pairs, air conditioning, chilling units, cooling towers, liquid cooling solutions, economizer systems, control systems, pumping units, humidifiers, and air coolers. Critical power and cooling solutions provide protection against data loss, hardware damage and downtime.

critical power and cooling solutions is expected to witness a CAGR of 10.8% during the forecast period (2017-2023) due to the increasing electricity demand and rising applications in residential, commercial and industrial sectors. Based on type, critical power is expected to be the largest segment in the global critical power and cooling solutions market during the forecast period.

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critical power and cooling solutions market are increasing power shortage globally, rapidly increasing urbanization and industrialization, and the rising need for backup power to protect equipment from the adverse effects of grid power fluctuations. Critical power and cooling solutions are reliable and helps in expanding the useful life of the equipment.

The growing popularity for digitalization and cloud computing and rising need to improve cooling efficiency in data centers is expected to propel the growth of global critical power and cooling solutions market during the forecast period. The increasing adoption of digitalization and cloud computing has resulted in an increase in the data center infrastructure during 2013-2016 period.

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The implementation of stringent government policies, widespread adoption of cloud-based technologies and mobility solutions and the increasing growth of various end-use segments such as IT and telecommunication, retail and healthcare, and data centers in Asia-Pacific and North America is expected to further drive the demand for critical power and cooling solutions during the forecast period.

Some of the key players in the global market for critical power and cooling solutions include ABB Ltd, Schneider Electric, Daikin Industries, Ltd., Eaton Corporation plc, General Electric Company, Socomec group, Johnson Controls International Plc, Riello Elettronica Group, Nortek, Inc., STULZ Gmbh and Xiamen Kehua Hengsheng Co., Ltd.

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