The market size for critical power and cooling solutions was valued at USD 25.5 billion in 2023, with projections to reach USD 56.0 billion by 2030, exhibiting a growth rate of 12.1% during the period from 2024 to 2030. This is mainly due to the growth of edge computing, the rising requirement for data centers, smart manufacturing and industrial automation, and the stress on power efficiency.
Following in the footsteps of edge computing the deployment is increasing and data process now runs close to the source point for processing. The microgrids containing these facilities need a dependable power plant and cooling system incorporated and thus gives rise to innovative solutions. Such as, the agreement by Verizon and AWS in May 2022 to expand the edge computing in 19 metropolitan areas in the U.S.
A notable trend influencing the sector is the emergence of products that can be customized on demand or can be scaled up as needed. Vendors understand that electricity needs, as well as priorities of employees in critical facilities, are changing, developing efficient products which allow for scalability and shifting priorities.
Furthermore, smart grid technologies or integration where power and cooling are linked real time power usage can observed and improved. This promotes the creation of a stronger and more intuitive ecosystem.
North America is the major contributor to the market. This can be credited to tech growths, adherence to standards, digitalization, and a robust requirement for reliable power infrastructure.
North America hosts a huge count of data centers thanks to the fiery growth in the need for cloud computing, big data, and digital services. With the constant development of data centers, dependable critical power and cooling systems are vital to uphold seamless operations.
Furthermore, the region has experienced fast development in edge computing, with the setting up of edge data centers to inferior latency and help real-time applications. Such edge services need the use of specific critical power and cooling infrastructure.
