Air Cooling (CRAH / CRAC / Fans)

Still ~70&%2B of installed base; declining share of new AI builds but very large maintenance market.

Players

Players: Vertiv (Liebert) VRT, Munters MTRS.ST, Stulz Private, Trane Technologies TT, Carrier CARR, Johnson Controls JCI, Daikin 6367.T, Schneider Electric SU.PA