Critical Power and Cooling Market worth USD 25.80 Billion by 2021,at a CAGR of 8.88%.

A growth in digitalization and cloud computing leading to an surge in demand for data centers, increasing demand for improved cooling efficiency in data centers, a need to reduce irregularities in power supply, and regulations and initiatives by institutes and associations are the major aspecs driving the market. The "Critical Power and Cooling Market" is anticipated to grow at a CAGR of 8.88%, from 2016 to 2021, to reach USD 25.80 Billion by 2021.

The commercial sector holds the largest market share of the critical power and cooling market, by end-user. The critical power market, by type, is dominated by the UPS segment, while the air conditioning segment leads the cooling market, by type. Air conditioning units are widely used at data center facilities. They offer precision air conditioning and maintain the equipment at ideal operating temperatures. Thus, the increasing number of data centers is expected to boost the critical power and cooling market, during the forecast period.

The report segments the critical power market, by type, into UPS, generators, and others (converters, inverters, transfer switches, power transfer switching, breaker transfer pairs, generator paralleling breakers, and switch transfer pairs). The cooling solutions market has been segmented, by type, into air conditioning, chilling units, cooling towers, liquid cooling systems, and others (economizer systems, control systems, pumping units, humidifiers, and air coolers).

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The global banking and financial sector is increasing on a large scale with the advent of IT. However, unplanned downtime and IT failure may affect ongoing transactions. Installation of data centers with efficient and reliable power solutions can overcome such failures. This increases the demand for critical power and cooling in the BFSI sector.

Targeted Stakeholders:

• Critical power device manufacturers, dealers, and suppliers
• Consulting companies in the energy and power sector
• Government utility providers
• Private utility providers
• Private customers
• Network operators
• Communication vendors
• Cooling solutions component manufacturers
• National and regional agencies
• Investment banks and private equity firms
• Raw material suppliers
• Government and research organizations

Critical Power, by End-User:

• Industrial
• Commercial
• IT and Telecommunication
• Government and Defense
• Transportation

Some of the Leading Players in the critical power and cooling 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.