According to a TechSci Research report titled "Global Critical Power and Cooling Market - Industry Size, Share, Trends, Opportunities, and Forecast 2018-2028," the global Critical Power and Cooling Market is poised for substantial growth in the forecast period.

The market's expansion is driven by factors such as the increasing number of data centers due to digitalization and cloud computing, a growing need for enhanced cooling efficiency in data centers, the necessity to address power supply anomalies, and the impact of regulations and initiatives by various institutes and associations. However, significant obstacles to market growth include high investment costs and potential environmental and health hazards.

Organizations can reduce their carbon footprint and operational expenses by adopting advanced cooling solutions with economization features and environmentally friendly refrigerants, aligning with sustainability objectives.

Explore comprehensive market data with figures spread across numerous pages and an in-depth Table of Contents on the "Global Critical Power and Cooling Market."

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In terms of critical power type, the UPS segment is expected to dominate the market, driven by the escalating demand for reliable power in critical facilities across sectors such as data centers, healthcare facilities, manufacturing plants, telecommunications networks, and financial institutions. UPS systems play a crucial role in ensuring uninterrupted operation, compliance with regulatory requirements, and integration with energy storage solutions and renewable energy sources.

Concerning cooling solutions, the IT & Telecommunication segment is projected to lead throughout the forecast period. This segment, vital for data centers, network facilities, telecommunications hubs, and cloud infrastructure, addresses the heightened demand for uninterrupted power supply and efficient cooling driven by factors like 5G technology deployment and the expansion of broadband networks. Smart critical power and cooling systems equipped with IoT sensors and real-time monitoring capabilities enhance operational efficiency and reduce downtime.

Key market players in the Global Critical Power and Cooling Market are:

  • ABB Ltd.

  • Ac Power Corp.

  • Asetek A/S

  • Eaton Corporation

  • General Electric Company

  • Riello Elettronica Group

  • Rittal GmbH & Co. Kg

  • SPX Corporation

  • Schneider Electric SE

  • Siemens AG

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According to Mr. Karan Chechi, Research Director at TechSci Research, the Critical Power and Cooling Market in North America is anticipated to be the dominant force, especially with the increasing amount of sensitive data stored in data centers. Power reliability is crucial for mitigating data loss and system downtime, particularly in financial institutions where uninterrupted power is essential for market stability.

The report, titled "Critical Power and Cooling Market – Global Industry Size, Share, Trends, Opportunity, and Forecast," provides a detailed analysis of the market, including segmentation by critical power type, cooling solutions type, end-use, region, and competition forecast & opportunities. It aims to offer cutting-edge market intelligence to assist decision-makers in making informed investment decisions by identifying emerging trends, drivers, challenges, and opportunities in the Global Critical Power and Cooling Market. Customers can also download a free sample report and request 10% free customization on the provided data.

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