Investing in the Rising Critical Power and Cooling Economy
The critical power and cooling market is projected to grow from US$27.6 billion in 2024 to US$45.4 billion by 2031, with a CAGR of 7.4%. This growth is driven by rapid urbanization, industrialization, and the increasing demand for data centers and telecommunications infrastructure. Key factors include the rise in power shortages, the adoption of renewable energy, and eco-friendly solutions. North America leads the market, driven by technological advancements and investments in data centers, while Asia Pacific benefits from industrialization and smart city developments. Innovations in energy-efficient cooling systems and the integration of IoT in power management are further fueling market expansion.