Growth Opportunities in the Self-Driving Bus Market
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%. Growth is driven by rapid urbanization, industrialization, and technological advancements in emerging economies. The market benefits from innovations in data center management, green building practices, and a growing focus on sustainability through renewable energy and smart grid technologies. North America leads the market, fueled by strong economic growth, edge computing adoption, and investments in data centers. In Asia Pacific, rapid industrialization and urbanization, particularly in China, India, and Japan, are driving demand for efficient power and cooling solutions.