The critical power and cooling market is projected to reach USD 25.80 billion by 2021, growing at a CAGR of 8.88%, during the forecast period, according to a recent report by MarketsandMarkets.
A rise in digitalization and cloud computing leading to an increase in demand for data centers, an increasing demand for improving cooling efficiency in data centers, a need to reduce anomalies in power supply, and regulations and initiatives by institutes and associations are set to drive the market growth for critical power and cooling market across the world.
The generator segment is estimated to be the fastest growing as a result of the rising demand for data centers, industrial control systems, facility control systems, industrial networks and communication, control rooms, and critical loads in several industries.
On the other hand, data centers, servers, electronic and manufacturing units, and medical equipment, such as MRIs and other imaging equipment, require high levels of uninterrupted power supply. Especially in this segment the authors identify a rising demand for products that fulfill their safety needs and meet the demand for energy efficient operation as well.
As we have already reported, modular UPS systems can particularly benefit from this trend.
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