The factors driving the market include a rise in the number of data centers due to digitalization and cloud computing, increasing demand for improved cooling efficiency in data centers, the need to reduce anomalies in power supply, and regulations and initiatives by institutes and associations.<\/h2>\n
NEWARK, Del, Feb. 12, 2024 (GLOBE NEWSWIRE) — The critical power and cooling market<\/a> is estimated to be worth US$ 26.2 billion<\/strong> in 2024 and is projected to be valued at US$ 82 billion<\/strong> in 2034. Between 2024 and 2034, the industry is expected to rise at a CAGR of 12.1%<\/strong>. The rising adoption of digital services, cloud computing, and big data analytics has triggered a substantial rise in both the quantity and scale of data centers. With the continuous expansion of these data facilities, there is a heightened need for resilient critical power and cooling solutions.<\/p>\n This demand is driven by the imperative to maintain uninterrupted operations, safeguard against potential data loss, and ensure the reliability of essential infrastructure as data centers play a pivotal role in supporting modern technological ecosystems. The growing dependence on digital processes and data-centric decision-making has heightened the financial repercussions of downtime for businesses. Sustaining uninterrupted power and ensuring optimal temperature levels are paramount to preventing disruptions, minimizing the adverse effects of downtime on productivity, and safeguarding revenue streams.<\/p>\n Gain Valuable Insights from Industry Experts to Shape Your Growth Strategies. Access our Sample Report Now!\u00a0<\/strong>https:\/\/www.futuremarketinsights.com\/reports\/sample\/rep-gb-18933<\/a><\/p>\n Various sectors, including finance, healthcare, manufacturing, and government, are undergoing digital transformation. This involves the adoption of advanced technologies that require robust IT infrastructure, contributing to the demand for critical power and cooling solutions. The adoption of Internet of Things (IoT) devices<\/a> and the expansion of 5G networks significantly fuel the demand for facilities dedicated to data processing and storage. The prevalence of these interconnected technologies underscores the imperative for robust power and cooling infrastructure to ensure the resilience and optimal performance of these critical facilities.<\/p>\n Rising awareness of cybersecurity threats has prompted a dedicated emphasis on fortifying critical infrastructure, encompassing power and cooling systems. Investments directed towards secure and resilient solutions play a pivotal role in driving the overall demand within the market.<\/p>\n Key Takeaways from the Market Study<\/strong><\/p>\n \u201c<\/strong>The critical power and cooling market is being propelled by growing data center industry and growing renewable energy integration,<\/em><\/strong>\u201d<\/strong> opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI)<\/a><\/p>\n Competitive Landscape<\/strong><\/p>\n The leading players are forming partnerships with other technology providers to create comprehensive solutions that integrate critical power and cooling with other data center infrastructure components. Collaborating with industry leaders to enhance product portfolios and jointly address market challenges.<\/p>\n Top 10 Key Players in the<\/strong> Critical Power and Cooling Market<\/strong><\/p>\n Enhance Your Business Now! Acquire Vital Market Insights – Access the Report Now! <\/strong>https:\/\/www.futuremarketinsights.com\/checkout\/18933<\/a><\/p>\n More Valuable Insights Available<\/strong><\/p>\n Future Market Insights offers an unbiased global critical power and cooling market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034<\/p>\n To understand opportunities in the critical power and cooling industry, the industry is segmented based on type (Uninterrupted Power Supply, Generators, Air Conditioning, Chilling Units) by application (industrial, Commercial, IT & Telecommunication, Transportation) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa).<\/p>\n Critical Power and Cooling Market – Key Segments<\/strong><\/p>\n By Type:<\/strong><\/p>\n By End-Use:<\/strong><\/p>\n By Region:<\/strong><\/p>\n Author:<\/strong><\/p>\n Nikhil Kaitwade<\/a> (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.<\/p>\n His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment\/divestment decisions, and market entry decision-making.<\/p>\n Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.<\/p>\n Explore wide-ranging Coverage of FMI’s\u00a0Industrial Automation Market\u00a0Insights Landscape<\/strong><\/p>\n The global\u00a0marine hatch covers market<\/a> is projected to record a robust CAGR of 7.6% between 2023 and 2033, totaling around US$ 327.7 million by the end of 2033.<\/p>\n The\u00a0India electrical testing services market<\/a>\u00a0is expected to reach a valuation of US$ 308.4 million by 2033. \u00a0with a CAGR of 4.4% from 2023 to 2033.<\/p>\n The global\u00a0industrial weighing equipment market<\/a> is projected to reach US$ 2.4 billion by 2033. A CAGR worth 5% is expected for the market during the forecast period.<\/p>\n The worldwide material handling equipment market<\/a> is expected to record a 4.5% CAGR between 2023 and 2033, reaching a valuation of US$ 6,555.9 million.<\/p>\n The\u00a0duct fans market<\/a> is expected to rise to US$ 162,788.1 million by 2033. The sales are expected to record a significant CAGR of 6.0% during the forecast period.<\/p>\n The combined cooling heat and power plants market<\/a> is expected to grow at an impressive 5.8% CAGR through 2033, when it is expected to be valued at US$ 4.0 billion.<\/p>\n By 2033, the power quality equipment market<\/a> is expected to be valued at US$ 69.65 billion. Over the course of the projected period, power-quality equipment sales are anticipated to increase at a CAGR of 6.25%.<\/p>\n By 2034, the outdoor LED lighting market<\/a> is projected to be valued at US$ 27 billion, growing at a moderate 6.8% annual pace.<\/p>\n By 2034, the energy-efficient motors market<\/a> is expected to reach US$ 151.0 billion. Over the course of the forecast period, a CAGR of 9.8% is anticipated for its growth.<\/p>\n By 2034, the industrial power supplies market<\/a> is projected to be worth US$ 21.5 billion. From 2024 to2034, the industrial power supply is expected to increase at a CAGR of 10.1%.<\/p>\n About Future Market Insights (FMI) <\/strong><\/p>\n Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.<\/p>\n Contact Us:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n Nandini Singh Sawlani<\/u><\/a>\u00a0\u00a0\u00a0<\/strong><\/p>\n Future Market Insights Inc. \n
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