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.
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Critical power and cooling solutions are highly reliable and help in extending the lifespan of various electrical equipment. Additionally, with the rising industrialization and urbanization, especially in Asia-Pacific, the demand for data storage and power generation is growing rapidly, which is, in turn, propelling the requirement for critical power and cooling solutions. Furthermore, the soaring power requirements in several end-use industries such as hospitals, power plants, and banking and financial services are massively boosting the demand for these solutions.
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.
In this region, the demand for these solutions was found to be the highest in the U.S. during the last few years. The popularity of these solutions was also very high in several European countries such as Germany and also in the Asia-Pacific region in the years gone by. In the coming years, the critical power and cooling solutions market is predicted to exhibit the fastest growth in the Latin America, Middle East, and Asia-Pacific regions.
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.
Read more: https://www.psmarketresearch.com/market-analysis/critical-power-and-cooling-solutions-market
