Critical power and cooling market seen reaching $53.6B by 2033

Persistence Market Research says the global critical power and cooling market will grow from $31.9 billion in 2026 to $53.6 billion by 2033, powered by data center expansion, edge computing, 5G and energy-efficiency upgrades. The forecast points to rising demand for backup power, advanced cooling and smarter infrastructure across digital and industrial facilities.

Why it matters: - The market sits at the center of data centers, telecom networks, factories and other mission-critical facilities that cannot afford downtime. - Demand for reliable backup power and thermal management is rising as companies push more workloads into cloud, edge and automated environments. - Energy efficiency and sustainability are becoming purchasing priorities, which is reshaping equipment spending across the sector.

What happened: - Persistence Market Research projected the global critical power and cooling market at $31.9 billion in 2026. - The firm forecast the market will reach $53.6 billion by 2033. - The forecast implies a 7.7% compound annual growth rate from 2026 to 2033. - The release was issued June 23, 2026, from London.

The details: - Hyperscale and colocation data center growth is a major demand driver because operators need continuous power and efficient cooling. - Edge computing is creating demand for compact, energy-efficient and highly reliable infrastructure. - Telecommunications, healthcare and manufacturing are adding edge networks that need critical power and cooling support. - Advanced liquid cooling, free cooling and intelligent thermal management are gaining adoption as operators try to reduce energy use and operating costs. - The global rollout of 5G is increasing investment in scalable backup power and efficient cooling systems. - Banking, healthcare and government organizations are investing in business continuity and disaster recovery systems to protect mission-critical operations. - Artificial intelligence, IoT sensors and predictive analytics are being integrated into monitoring systems for real-time tracking and predictive maintenance. - Green data centers and other sustainable infrastructure projects are expected to add to market growth. - Industrial digitalization is also lifting demand as smart factories and automated production lines need uninterrupted power and heat control. - Market segments include critical power type and critical cooling type solutions. - Industry segments include IT and telecommunication, industrial, commercial, transportation and others. - Regional coverage in the study includes North America, Europe, East Asia, South Asia Oceania, Latin America and the Middle East & Africa. - The report names ABB, Asetek A/S, Cyber Power Systems, Daikin Industries, Delta Electronic, Eaton, General Electric, Johnson Controls, Rittal and Schneider Electric as leading companies in the market.

Between the lines: - The forecast shows how digital infrastructure spending is no longer just about compute capacity; power resilience and cooling efficiency are now core parts of the buildout. - The emphasis on sustainability suggests buyers are looking for systems that lower both outage risk and energy bills. - Smart monitoring and automation point to a market moving from hardware-only sales toward more software-enabled operations and maintenance.

What's next: - Data center, telecom and industrial buyers are likely to keep prioritizing scalable systems that can support higher density and lower power usage. - Vendors are expected to keep competing on intelligent power management, next-generation cooling and sustainability-focused design. - The market's growth path points to continued investment through 2033 as cloud, edge and AI deployments expand. - Free sample report - Customized market view - Competitive analysis and purchase options