The increasing popularity of cloud computing and digitalization and the burgeoning requirement for improving cooling efficiency in data centers are some of the major factors propelling the demand for critical power and cooling solutions across the world. The mushrooming adoption of cloud computing and digitalization is fueling the development of data centers. Moreover, the existence of poor grid infrastructure is powering the demand for proper backup power sources that can protect electrical equipment from the consequences of grid power fluctuations.
Due to the above-mentioned factors, the popularity of these solutions is rising sharply across the globe. This is driving the progress of the global critical power and cooling solutions market. Critical power and cooling solutions consist of generators, inverters, converters, uninterrupted power supply (UPS), transfer switches, breaker transfer pairs, power transfer switching, generator paralleling breakers, air conditioning, switch transfer pairs, chilling units, liquid cooling solutions, cooling towers, economizer systems, pumping units, control systems, air coolers, and humidifiers.
These systems provide protection against hardware downtime and damage and data loss. In addition to this, these systems enhance the performance and the cooling efficiency of various devices. Because of these reasons, these equipment are extensively used in commercial, industrial, and residential sectors. According to the findings of P&S Intelligence, a market research company based in India, the critical power and cooling solutions market recorded the highest growth in North America in the past years.
Apart from region-wise segmentation, the market is also classified on the basis of type. Under this segmentation, the main categories are critical power and cooling solutions. Between these, the critical power category will demonstrate the highest growth in the future years. When end use is taken into consideration, the critical power and cooling solutions market is categorized into commercial, transportation, information technology (IT) and telecommunication, and industrial. Amongst these, the commercial category registered the highest market growth in the past.
Hence, it can be said with full surety that the demand for critical power and cooling solutions will surge sharply all over the world in the coming years, primarily because of the rising requirement for backup power in data centers.
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