USD 25.8 billion
Critical Power And Cooling Market Size, Share, Growth Analysis, By Type(Critical Power Type (Generators, Uninterruptible Power Supply, Others), Critical Cooling Type (Air Conditioning), By End User(Industrial, Commercial, IT & Telecom, Transportation), By Region - Industry Forecast 2025-2032
Report ID:
SQSG20E2001 |
Region:
Global |
Published Date: February, 2024
Pages:
222
|Tables:
70
|Figures:
75
Critical Power And Cooling Market Insights
Critical Power And Cooling Market size was valued at USD 28.04 Billion in 2023 and is poised to grow from USD 30.48 Billion in 2024 to USD 59.42 Billion by 2032, growing at a CAGR of 8.7% during the forecast period (2025-2032).
Solutions for critical power and cooling guard against data loss, hardware damage, and downtime. They are also employed to maintain the infrastructure of electricity and data centers, as well as that of buildings, industries, and data security. These services are dependable and extend the useful life of the machinery. Critical power and cooling solutions also guarantee increased manageability and boost equipment performance and cooling effectiveness. Residential, commercial, and industrial sectors all use critical power and cooling solutions. The global market is anticipated to experience brisk growth over the forecast period due to factors such as the world's expanding population and economic development, rise in demand for heating and cooling among the population due to climate change, rising energy demand among residential, commercial, and public services, as well as the transportation sector.
The International Energy Agency (IEA) has stated in research that global energy consumption is expected to rise by 4.6 percent in 2019, more than offsetting the 4 percent decline in 2019 and boosting demand above 2019 levels. A rebound in demand would also increase carbon dioxide emissions connected to the energy sector by roughly 5% in 2019. The rise in coal consumption in the electricity industry is expected to cause a 1.5 billion tonne increase in global carbon emissions this year. This is a grave warning that the present Covid economic rebound is everything but environmentally sustainable.
US Critical Power And Cooling Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Industrial
Fastest Growth
Industrial
Growth Rate
8.7% CAGR
Global Critical Power and Cooling Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Critical Power And Cooling Market Segmental Analysis
Global critical power and cooling market is segmented based on the product, end user, and region. Based on type, the global market is segmented into critical power type (generators, uninterruptible power supply, others), critical cooling type (air conditioning, cooling tower, chiller, liquid cooling system, and others). Based on end-user, the market is segmented into, industrial, commercial, it & telecom, transportation, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Critical Power And Cooling Market Analysis by Type
In 2021, the generator segment held the largest share in the global critical power and cooling market during the forecast period. Due to the increasing need for data centers, industrial control systems, facility control systems, industrial networks and communication, control rooms, and critical loads in several sectors, the generator category is predicted to increase at the quickest rate in the global critical power and cooling market during the forecast period. Currently, the demand for power is rising at a noticeable rate around the world. Therefore, having a trustworthy supply of electricity has become crucial. The need for standby generator sets is also being driven by the rise in the frequency of natural disasters that cause power outages. For many sectors, a constant and uninterrupted supply of energy is of utmost importance. The demand for a continuous power supply in the construction sector is also opening new opportunities for the use of generator sets, which is driving the expansion of this market.
The availability of power is even more crucial now that developers are more willing to construct projects for inexpensive housing. By 2022, 20 million affordable housing units are expected to be built in India as part of the Housing for All plan. Consumer demand for cheap housing has skyrocketed as a result of the expanding employment prospects in cities. This increase will be fueled by large capacity generators. Due to the state's booming residential and commercial real estate industries, Karnataka is expected to have the fastest development in the demand for such systems in the upcoming years. For instance, the state of Karnataka will build 900,000 homes over the next several years while the government of India plans to invest $15.68 billion (INR 1.16 lakh crore) in infrastructure projects in the state.
Following this, the UPS segment is also expected to observe significant growth during the forecast period. The need for data centers in the United States has grown as a result of the expansion of data-related services as well as the expanding cloud computing and virtualization trends. Additionally, the projection period will see an increase in demand for UPS due to the number of data centers. Additionally, a number of data centers have plans to increase their presence in this area. Google has promised to invest nearly $7 billion in offices and data centers around the U.S. in 2021 for a variety of purposes, including expanding in certain towns across 19 states and investing in new ones. Similar to this, Microsoft has promised to spend over $200 million to construct 2 data centers in the United States by 2022. As a result, it is determined that these expansions will fuel the global critical power and cooling market growth between 2022 and 2028.
Critical Power And Cooling Market Analysis by End User
In 2021, the commercial segment held the largest share in the global critical cooling and power market. Due to an expansion of data centers, hospitals, banks, financial services and insurances (BFSI), hotels, and restaurants, mostly in nations like China and India, the commercial category is predicted to grow profitably throughout the projected period in the global critical power and cooling market. Demand for diesel generators is growing as a result of the requirement for a reliable power backup source from commercial sectors including hotels, hospitals, and businesses. Additionally, the market for diesel generators is expanding as a result of telecom firms' increased focus on providing high-speed services. The market is predicted to have considerable expansion through FY2028 due to rising investment in the telecom sector and rising installation of telephone towers for connectivity in rural places. For example, out of 100 percent, the FDI ceiling in the telecom industry has raised from 74 percent to 100 percent. The government announced 100% foreign direct investment (FDI) via the automatic route in the telecoms industry in October 2021, up from the prior 49.5%. According to power rating, the above-15 kVA category has had the highest share of the Indian generator market. These generators are frequently used by commercial complexes, residential buildings, restaurants, small industrial units, and telecom towers to supply supplementary electrical needs. The need for generators larger than 15 kVA will grow in tandem with the country's expansion in residential communities and business complexes.
Global Critical Power and Cooling Market By End User, 2021 (%)
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Critical Power And Cooling Market Regional Insights
In 2021, the North American region held the largest share in the market. Due to the increased demand for data centers and other commercial spaces, the rising need for data processing power, and the developing need for information storage in nations like the United States, Canada, and Mexico, North America is one of the main regions in the global market. The growth of the global critical power and cooling industry in the area is being fueled by the presence of top tech giants like Amazon, Microsoft, Apple, and Google, which have massive power outages and data centers, as well as a sizable number of IT companies operating in Silicon Valley, which is regarded as a global hub for social media, innovation, and technology.
The local communities and economy in which Google's offices and data centers are located benefit from having these facilities as important anchors. Over the previous five years, they have made more than $37 billion in 26 states' worth of offices and data centers in the United States, resulting in the creation of over 40,000 full-time employees. Additionally, they spent about $40 billion on research and development in the United States in 2020 and 2021. They are currently announcing plans to spend over $9.5 billion on our headquarters and data centers in the United States in 2022. By the end of the year, they anticipate that these investments will contribute to the creation of at least 12,000 new full-time Google positions, as well as thousands more among their local suppliers, partners, and communities.
Due to the high rate of industrial growth in the region and growing awareness of the need for backup power and cooling solutions to ensure protection against data loss, hardware damage, and downtime, the market in the Asia Pacific is predicted to grow significantly during the forecast period. The increased demand for electricity across a number of end-use categories, including power plants, facilities, hospitals, banking, financial services, and institutions, is also anticipated to result in an increase in demand over the course of the forecast period.
For example, The Indian government has a wide range of programs to promote the growth of several industries in the upcoming years. Some of the important programs that might favor the expansion of electricity utilities and the development of industrial infrastructure verticals in the nation are the Make in India campaign, the creation of smart cities, the Saubhagya program, and housing for all by the year 2022. According to the Indian Ministry of Petroleum and Natural Gas, 6–8 percent of all diesel consumption was used to generate electricity through grid-connected diesel-based power plants with a capacity of more than 10 MW, captive diesel-based power plants, and diesel generator sets.
Global Critical Power and Cooling Market By Geography, 2022-2028
- Largest
- Fastest
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Critical Power And Cooling Market Dynamics
Critical Power And Cooling Market Driver
- Over the course of the projection period, the market development will be aided by the expansion of data centers for cloud computing and digitalization. The rising need for power in several end-use industries, including financial services and institutions, banks, hospitals, facilities, and power plants, would also be advantageous for the market. Globally, the critical power and cooling market are expected to grow as a result of legislation, efforts, an increased need for higher cooling efficiency in data centers, a need to lessen power supply anomalies, and other factors.
- The expanding industrialization and urbanization of the world's cities, as well as the growing demand for backup power to shield equipment from the damaging effects of grid power fluctuations, are some of the main reasons influencing the expansion of the critical power and cooling business globally. Reliable cooling and critical power solutions help to prolong the equipment's useful life. Throughout the projected period, the critical power and cooling business are anticipated to profit from this special characteristic.
Critical Power And Cooling Market Restraint
- Critical power and cooling system implementation require a large initial investment, which is seen as a key barrier to expansion. Diesel generators, which are employed silently to supply essential power but produce greenhouse gases that might have serious negative effects on human health and the environment, are anticipated to restrain the expansion of the global market. Even though continual development is increasing the market potential globally, frequent power outages are a significant barrier.
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Critical Power And Cooling Market Competitive Landscape
The global critical power and cooling market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. For example, in conjunction with its Elite Data Center Partners, Schneider Electric, the industry pioneer in the digital transformation of energy management and automation, has opened a Center of Excellence for Edge Infrastructure in India. Through this innovative program, end users may go to the partners' locations and personally experience Schneider Electric's Edge Solutions. Mr. Pankaj Sharma, Executive Vice President - Secure Power Division, Schneider Electric, recently opened the second such Center of Excellence at Schneider Electric's Elite Partner, Central Data Systems, in Bangalore. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.
Top Players in the Global Critical Power and Cooling Market
- Schneider Electric
- Eaton Corporation
- Vertiv Co.
- ABB Ltd.
- Siemens AG
- General Electric Company
- Mitsubishi Electric Corporation
- Cummins Inc.
- Cyber Power Systems (USA), Inc.
- Emerson Electric Co.
- Rittal GmbH & Co. KG
- Delta Electronics, Inc.
- Tripp Lite
- Huawei Technologies Co. Ltd.
- Caterpillar Inc.
- Johnson Controls International plc
- Black Box Corporation
- Legrand SA
- STULZ GmbH
- Socomec Group
Critical Power And Cooling Market Recent Developments
- In June 2022, in order to better understand the maturity of sustainability initiatives within IT and data center organizations and, more specifically, where the IT and data center industry stand in achieving this vision of net zero IT operations, Schneider ElectricTM, the leader in the digital transformation of energy management and automation, commissioned three independent research studies. Schneider ElectricTM recently released the findings from these studies. Through a press conference in Delhi today, the business unveiled the preliminary findings that highlighted a sustainability action gap.
- In June 2022, the new mySchneider IT Partner Program from Schneider ElectricTM, a pioneer in the digital revolution of energy management and automation, will offer a streamlined, creative, and cooperative approach to facilitating partner growth. This program has been updated to include a greater emphasis on supporting various and developing business models and to give partners the opportunity to stand out in their industry by specializing in several IT competencies and serving as a strategic advisers.
Critical Power And Cooling Key Market Trends
- Over the course of the projected period, the market will see strong growth due to the increasing demand for electricity in several end-use industries, including financial services and institutions, banks, hospitals, facilities, and power plants. Along with these factors, the market is also expected to increase due to the world's growing power scarcity, fast urbanization and industrialization, and the rising demand for backup power to shield equipment from the damaging effects of grid power fluctuations.
Critical Power And Cooling Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global critical power and cooling market analysis, in terms of type, the generators segment held the largest share in the global critical power and cooling market, this was due to the increasing need for data centers, industrial control systems, facility control systems, industrial networks and communication, control rooms, and critical loads in several sectors. Based on end-user, the commercial segment held the largest share in the global market, due to an expansion of data centers, hospitals, banks, financial services and insurances (BFSI), hotels, and restaurants, mostly in nations like China and India. And by region, the North American region held the largest share in the global market due to the increased demand for data centers and other commercial spaces, the rising need for data processing power, and the developing need for information storage in nations like the United States, Canada, and Mexico.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 25.8 billion |
| Market size value in 2031 | USD 54.66 billion |
| Growth Rate | 8.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Critical Power And Cooling Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Critical Power And Cooling Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Critical Power And Cooling Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Critical Power And Cooling Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Critical Power And Cooling Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Critical Power And Cooling Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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