Why is Increasing Prevalence of Diseases Significant for Critical Power and Cooling Solutions Market Growth?
The rising popularity of cloud computing and digital processes and surging need to enhance the cooling efficiency in data centers will increase the adoption of critical power and cooling solutions in the coming years. Thus, the escalating demand for generators and air conditioning units in data centers is expected to propel the critical power and cooling solutions market at a CAGR of 10.8% during 2017–2023. According to P&S Intelligence, at this rate, the revenue of the market will increase from $16,320.0 million in 2016 to $32,900.0 million in 2023. The type segment of the critical power and cooling solutions market is bifurcated into critical power and cooling solutions. Of these, the critical power bifurcation accounted for the larger market share in recent years due to the widespread adoption of such solutions in the commercial sector. As a result, the critical power category will dominate the market during the forecast period as well. This category is further divided into gen...