The critical power and cooling market is estimated to be valued at US$ 26.2 billion in 2024. The critical power and cooling is predicted to rise at a CAGR of 12.1% from 2024 to 2034. The global critical power and cooling market is anticipated to reach US$ 82 billion by 2034.
The critical power and cooling market is witnessing robust growth globally as organizations across various industries prioritize the resilience and efficiency of their infrastructure. This market encompasses a range of solutions designed to ensure uninterrupted power supply and optimal temperature control for critical operations, particularly in data centers and industrial settings.
Globally, diverse countries and industries are in the midst of digital transformations. This transition towards digitalization is propelling the need for dependable and adaptable critical power and cooling solutions.
With the proliferation of digital services, cloud computing, and big data analytics has spurred an exponential increase in the number and scale of data centers. As organizations increasingly rely on these data-centric technologies, the demand for robust critical power and cooling solutions has surged.
Attributes | Key Insights |
---|---|
Estimated Market Size in 2024 | US$ 26.2 billion |
Projected Market Value in 2034 | US$ 82 billion |
Value-based CAGR from 2024 to 2034 | 12.1% |
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From 2019 to 2023, the critical power and cooling market experienced a CAGR of 15.2%. The global shift toward digitalization is a driving force behind the demand for reliable and scalable critical power and cooling solutions. This transformation is evident across various countries and industries, necessitating infrastructure that can adapt to evolving technological needs.
The growth of the Internet of Things (IoT) and the expansion of 5G networks further contribute to the demand for facilities that can handle the processing and storage requirements of interconnected technologies.
The organizations opting for critical power and cooling systems that prioritize energy efficiency not only aligns with sustainability objectives but also delivers significant and enduring cost savings over the long term. Projections indicate that the global critical power and cooling market is expected to experience a CAGR of 12.1% from 2024 to 2034.
Historical CAGR from 2019 to 2023 | 15.2% |
---|---|
Forecast CAGR from 2024 to 2034 | 12.1% |
The provided table highlights the top five countries in terms of revenue, with South Korea and the United Kingdom leading the list. The growing dependence on digital services, cloud computing, and data-intensive applications is driving the demand for resilient critical power and cooling infrastructure in the United Kingdom.
As a prominent participant in the global technology and manufacturing arena, South Korea necessitates resilient critical power and cooling infrastructure to facilitate seamless international connectivity and data exchange.
Countries | Forecast CAGRs from 2024 to 2034 |
---|---|
The United States | 12.4% |
The United Kingdom | 13.5% |
China | 13.1% |
Japan | 10.9% |
South Korea | 14.6% |
The critical power and cooling market in the United States is expected to grow with a CAGR of 12.4% from 2024 to 2034. The United States is home to a significant number of data centers, driven by the growth of cloud services, big data analytics, and digital transformation initiatives across various industries.
As businesses and organizations expand their digital infrastructure, the need for reliable critical power and cooling solutions in data centers increases in the country.
Businesses in the United States continue to invest in upgrading and expanding their IT infrastructure to support evolving technologies, such as edge computing, artificial intelligence, and the Internet of Things (IoT). This ongoing investment fuels the demand for robust power and cooling systems.
The critical power and cooling market in the United Kingdom is expected to grow with a CAGR of 13.5% from 2024 to 2034. The United Kingdom has a thriving data center industry, serving diverse sectors such as finance, telecommunications, and healthcare.
The increasing demand for data storage, cloud services, and digital transformation fuels the need for reliable critical power and cooling infrastructure in United Kingdom.
The integration of renewable energy into the power grid and data center operations requires advanced critical power solutions to maintain reliability and stability. The United Kingdom has stringent regulations regarding energy efficiency, carbon emissions, and environmental sustainability. Compliance with these regulations encourages the adoption of energy-efficient critical power and cooling technologies.
The critical power and cooling market in the United States is expected to grow with a CAGR of 13.1% from 2024 to 2034. China has witnessed significant growth in data center construction, driven by the increasing adoption of cloud services, big data analytics, and digital transformation initiatives. The demand for reliable critical power and cooling solutions is closely tied to the expansion of data center infrastructure.
China's continuous industrialization and economic development contribute to increased demand for critical power and cooling solutions in various sectors, including manufacturing, healthcare, and finance. Robust infrastructure is crucial for supporting these industries' expanding IT requirements.
Government support for technological innovation, infrastructure development, and the digital economy further fuels the demand for critical power and cooling solutions. National initiatives and policies may incentivize businesses to invest in advanced infrastructure for energy efficiency and sustainability.
The critical power and cooling market in the Japan is expected to grow with a CAGR of 10.9% from 2024 to 2034. Japan has a strong emphasis on energy efficiency and sustainability. The need to reduce energy consumption and minimize environmental impact drives the adoption of energy-efficient critical power and cooling solutions.
Japan is susceptible to seismic and meteorological events, including earthquakes and typhoons. Ensuring the resilience of critical infrastructure, including power and cooling systems, is a priority to maintain continuous operations and minimize the impact of disruptions. Japan is known for embracing advanced technologies. The adoption of technologies like artificial intelligence, high-performance computing, and 5G necessitates robust critical power and cooling solutions to support these applications.
The critical power and cooling market in the South Korea is expected to grow with a CAGR of 14.6% from 2024 to 2034. The growth of the digital economy and increased reliance on data-driven processes have led to a rising number of data centers in South Korea.
The demand for reliable power and cooling solutions is closely tied to the expansion of data center facilities. The adoption of energy-efficient critical power and cooling solutions aligns with the country's goals to reduce energy consumption and minimize the environmental impact of infrastructure.
As a major player in the global technology and manufacturing landscape, South Korea requires robust critical power and cooling infrastructure to support international connectivity and data exchange.
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The below section shows the leading segment. Uninterrupted power supply segment to grow at a CAGR of 11.8% from 2024 to 2034. Based on end-use, the industrial segment is anticipated to hold a dominant share through 2034. It is set to exhibit a CAGR of 11.5% from 2024 to 2034.
Category | CAGR from 2024 to 2034 |
---|---|
Uninterrupted Power Supply | 11.8% |
Industrial | 11.5% |
Based on type, the uninterrupted power supply segment is anticipated to thrive at a CAGR of 11.8% from 2024 to 2034. Uninterrupted power is essential for maintaining continuous operations, safeguarding data, and ensuring business continuity. Even brief power outages can lead to data loss, downtime, and financial losses.
Data centers house sensitive electronic equipment and servers that require a stable and uninterrupted power supply for optimal performance. UPS systems act as a safeguard during power outages or fluctuations, providing a seamless transition to backup power sources and preventing downtime.
Based on end-use, the industrial segment is anticipated to grow at a CAGR of 11.5% from 2024 to 2034. Many industrial processes are highly sensitive to interruptions in power supply. Industries, particularly those in sectors such as pharmaceuticals, chemicals, and food production, often operate in regulatory environments with strict requirements for safety and environmental control. Compliance with these regulations necessitates the implementation of reliable critical power and cooling solutions.
Industrial facilities often house complex and sensitive machinery, including manufacturing equipment, robotics, and control systems. These systems require a stable power supply to operate efficiently and accurately. Critical power solutions protect these equipment from power quality issues and outages.
Industrial processes often require precise temperature control and environmental conditions. Critical cooling solutions play a crucial role in maintaining optimal working conditions for equipment, preventing overheating, and ensuring consistent product quality.
The key players in the market are focusing on development of advanced features, such as intelligent monitoring and management systems, to enhance overall system performance. The market players are forming partnerships with other technology providers to create comprehensive solutions that integrate critical power and cooling with other data center infrastructure components.
Attributes | Details |
---|---|
Estimated Market Size in 2024 | US$ 26.2 billion |
Projected Market Valuation in 2034 | US$ 82 billion |
Value-based CAGR 2024 to 2034 | 12.1% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in US$ billion |
Key Regions Covered |
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Key Market Segments Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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As of 2024, the market for critical power and cooling is expected to be valued at US$ 26.2 billion.
By 2034, the market value of critical power and cooling is expected to reach US$ 82 billion.
From 2024 to 2034, the critical power and cooling market is expected to flourish at a CAGR of 12.1%
The uninterrupted power supply segment is expected to grow at a CAGR of 11.8% from 2024 to 2034.
South Korea is likely the top-performing market, with a CAGR of 14.6%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2024 to 2034
5.3.1. Uninterrupted power supply
5.3.2. Generators
5.3.3. Air conditioning
5.3.4. Chilling units
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By End-Use, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-Use, 2024 to 2034
6.3.1. Industrial
6.3.2. Commercial
6.3.3. IT & Telecommunication
6.3.4. Transportation
6.4. Y-o-Y Growth Trend Analysis By End-Use, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By End-Use, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By End-Use
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By End-Use
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By End-Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By End-Use
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Type
10.2.3. By End-Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By End-Use
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Type
11.2.3. By End-Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By End-Use
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Type
12.2.3. By End-Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By End-Use
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Type
13.2.3. By End-Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By End-Use
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Type
14.2.3. By End-Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By End-Use
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Type
15.1.2.2. By End-Use
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Type
15.2.2.2. By End-Use
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Type
15.3.2.2. By End-Use
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Type
15.4.2.2. By End-Use
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Type
15.5.2.2. By End-Use
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Type
15.6.2.2. By End-Use
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Type
15.7.2.2. By End-Use
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Type
15.8.2.2. By End-Use
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Type
15.9.2.2. By End-Use
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Type
15.10.2.2. By End-Use
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Type
15.11.2.2. By End-Use
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Type
15.12.2.2. By End-Use
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Type
15.13.2.2. By End-Use
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Type
15.14.2.2. By End-Use
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Type
15.15.2.2. By End-Use
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Type
15.16.2.2. By End-Use
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Type
15.17.2.2. By End-Use
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Type
15.18.2.2. By End-Use
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Type
15.19.2.2. By End-Use
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Type
15.20.2.2. By End-Use
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Type
15.21.2.2. By End-Use
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Type
15.22.2.2. By End-Use
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Type
15.23.2.2. By End-Use
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Type
16.3.3. By End-Use
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Schneider Electric
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. ABB
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. General Electric
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Eaton Corporation
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Delta Electronics
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Socomec Group
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Falcon Electric Inc.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Daikin Industries
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Stulz Group
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Vertiv
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.11. Piller Group GmBH
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.12. Nortek Air Solutions
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
17.1.13. SPX Corporation
17.1.13.1. Overview
17.1.13.2. Product Portfolio
17.1.13.3. Profitability by Market Segments
17.1.13.4. Sales Footprint
17.1.13.5. Strategy Overview
17.1.13.5.1. Marketing Strategy
17.1.14. Rittal GmBH & Co.
17.1.14.1. Overview
17.1.14.2. Product Portfolio
17.1.14.3. Profitability by Market Segments
17.1.14.4. Sales Footprint
17.1.14.5. Strategy Overview
17.1.14.5.1. Marketing Strategy
17.1.15. nVent
17.1.15.1. Overview
17.1.15.2. Product Portfolio
17.1.15.3. Profitability by Market Segments
17.1.15.4. Sales Footprint
17.1.15.5. Strategy Overview
17.1.15.5.1. Marketing Strategy
17.1.16. Sudlows
17.1.16.1. Overview
17.1.16.2. Product Portfolio
17.1.16.3. Profitability by Market Segments
17.1.16.4. Sales Footprint
17.1.16.5. Strategy Overview
17.1.16.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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