With the exploding population, which is increasingly moving into cities, the demand for electricity is rising. Electricity is the fuel which drives the economic engine of every country around the world. Though the demand for energy is rising, its supply is not always consistent, due to occasional fault in the grid or its unreliability in general (especially in the developing and under-developed countries). In several places, such as railways, data centers, hospitals, and critical laboratories, continuous power is of paramount importance, which makes uninterruptible power supply (UPS) quite important.
Thus, with the rising demand for energy, which is mostly not met, as a result of grid uncertainty, the critical power and cooling solutions market has a bright future ahead. While critical-power solutions include UPSs, generators, inverters, converters, power transfer switching, transfer switches, generator paralleling breakers, breaker transfer pairs, and switch transfer pairs, the cooling solutions encompass chillers, air conditioning, liquid cooling systems, economizer systems, cooling towers, control systems, humidifiers, pumping units, and air coolers. Such critical-cooling solutions are also important in hospitals and laboratories, along with IT-intensive settings, such as server rooms and data centers, where heat needs to be constantly expelled, to protect the equipment from damage.
With the continuous digitization of various processes around the world, the amount of digital data being generated is skyrocketing. From IT firms to individual people glued to the internet, everyone is creating and consuming computer data in some or the other form. Moreover, the popularity of cloud computing is rising, which allows people to store their data on a third-party server and saves them the trouble of maintaining expensive servers themselves. This is leading to the construction of an increasing number of data centers, where these critical-power-and-cooling solutions are imperative.