Installation of Air Conditioning Systems Augmenting Critical Power and Cooling Solutions Adoption

Critical power and cooling solutions include generators, inverters, converters, humidifiers, uninterrupted power supply (UPS), power transfer switching, generator paralleling breakers, liquid cooling solutions, breaker transfer pairs, switch transfer pairs, transfer switches, chilling units, air conditioning, control systems, economizer systems, air coolers, and pumping units. These solutions offer protection against hardware damage, data loss, and downtime. Additionally, these solutions also ensure improved manageability, smooth performance of the equipment, and improved cooling efficiency. These solutions are provided by companies such as Xiamen Kehua Hengsheng Co. Ltd., Johnson Controls International Plc, Schneider Electric, and General Electric Company. 

With the surging need to reduce the anomalies in power supply, the critical power and cooling solutions market will advance at a CAGR of 10.8% during 2017–2023. The market was valued at $16,320 million in 2016 and it is projected to reach $32,900 million revenue by 2023. As data centers and banking, financial services, and insurance (BFSI) organizations require uninterrupted supply of power, the soaring number of such centers and financial institutes will amplify the adoption of such solutions in the coming years. 

According to P&S Intelligence, North America dominates the critical power and cooling solutions market, due to the booming number of data centers in Canada and the U.S., primarily on account of the burgeoning demand for data storage and soaring need for data processing power. Of the North American nations, the U.S. is the larger user of such solutions. Moreover, the increasing adoption of mobility solutions and cloud-based technologies will also fuel the usage of such solutions in the region in the foreseeable future.

Thus, the growing need to reduce anomalies in power supply and surging installation of air conditioning units in various end use sectors will fuel the need for such solutions in the foreseeable future.

Source: www.psmarketresearch.com

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