Power Distribution Unit Market Size Expected to Rise 7.32 billion at CAGR 13.8% by 2028
Power Distribution Unit Market to Reach USD 7.32 billion by 2028; Demand for Power Distribution Units to Increase as Companies Focus to Establish Green Data Centers: Fortune Business Insights™
Pune, India, July 18, 2023 (GLOBE NEWSWIRE) -- The global power distribution unit market size was USD 2.66 billion in 2020. The market is expected to grow from USD 2.96 billion in 2021 to USD 7.32 billion by 2028 at a CAGR of 13.8% in the 2023-2028 period. This information is provided by Fortune Business Insights, in its report titled, “Power Distribution Unit Market, 2023-2028.”
*Market Drivers & Restraints-*
*Intelligent Power Distribution Units to Witness Highest Demand *
Growing demand for smart and technological PDUs is promoting the growth of intelligent power distribution systems. Companies are looking for green data centers which can offer real-time data collection and reduce cost. This is where intelligent PDUs come into existence as they help to improve capacity planning and increase uptime. For instance, HP’s Intelligent PDU has the above-mentioned features. Some of the other features of intelligent PDUs include power metering, remote outlet control, and environmental monitoring. The demand for power distribution units is expected to be the highest in the commercial sector. The demand is ascribable to the growing infrastructural developments in this sector, especially in emerging nations. For instance, Marway Power System provides PDUs to aerospace, defense, and military applications. This will further stimulate the power distribution unit market size.
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*Growing Demand for Data Centers to Aid Market Growth*
The data center consolidates the IT operations of an organization to manage, disseminate, and store data. It helps in providing reliability and security of data centers. The soaring data amount globally is driving the demand for data centers and is likely to be the key factor driving the market’s growth.
The rising remote location working and increasing consumer influx towards cloud-based operations have augmented the importance of data centers. Therefore, many data center operators are integrating Artificial Intelligence-based power distribution units to offer precise and effective monitoring. The increasing consumer preference for AI-driven intelligent power distribution units is anticipated to be a key trend influencing the market’s growth.
However, the limitations of power distribution units in managing high current fluctuations and extreme voltages may hinder the market growth.
*Power Distribution Unit Market Scope:**Report Coverage* *Details*
Forecast Period 2021-2028
Forecast Period 2021-2028 CAGR 13.8%
2028 Value Projection USD 7.32 billion
Base Year 2020
Market Size in 2020 USD 2.66 billion
Historical Data 2017-2019
No. of Pages 140
Segments covered Type, Power Phase, Application, and Region
Growth Drivers Increasing Demand for Data Center Monitoring Solutions to Drive the Power Distribution Unit Market Growth
*List of Key Players in the Global Power Distribution Unit (PDU) Market:*
· Schneider Electric SE (Rueil-Malmaison, France)
· Eaton Corporation PLC (Dublin, Ireland)
· ABB Ltd. (Zürich, Switzerland)
· Cisco Systems Inc. (California, U.S.)
· Vertiv Group Corp (Ohio, U.S.)
· APC by Schneider Electric (Rhode Island, U.S.)
· Hewlett Packard Enterprise (Texas, U.S.)
· Siemens AG (Munich, Germany)
· Raritan Inc. (New Jersey, U.S.)
· Server Technology Inc. (Nevada, U.S.)
· Tripp Lite (Illinois, U.S.)
· Leviton Manufacturing Co. Inc. (New York, U.S.)
*COVID-19 Impact-*
The swift outbreak of coronavirus has impacted global markets. It has stagnated the growth of several markets, including the power distribution unit (PDU) market. The high cash liquidity scarcity and market’s volatile nature have resulted in declined investments in IT infrastructure development, which aggravated the pandemic’s negative impact. The restrictions on global trade and the implementation of sudden lockdowns and curfews have affected the market growth. Nonetheless, the swift digitization observed during the pandemic has stimulated market growth. The market is likely to exhibit tremendous growth post-pandemic.
*Automation in Power Industry Drives the Market*
The rising demand for high-power capacities in high-density environments and intelligent products is expected to drive the market in the upcoming years. Large amount of data is generated in data centers, which increases their demand. The rising need to reduce power consumption is another factor boosting the PDU market. Increasing power automation in the power sector and machine sensors triggering data generation are further expected to fuel demand for PDUs in electric vehicles. Automation has the ability to monitor the status of electric power quality and amount of energy consumptions. In order to cope with this huge amount of data generated by industries and machines, demand for several data centers is likely to be high. This in turn, is expected to drive the PDU market by 2028.
*To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: *https://www.fortunebusinessinsights.com/industry-reports/power-distribution-unit-market-100424
*Competitive Landscape-*
*Major Players Adopt Innovative Growth Strategies to Acquire Growth*
The market comprises Tripp Lite, Eaton, Leviton Manufacturing Co., and Eaton, amongst the top market players. The key market players emphasize intensive research and development to develop advanced PDUs. They adopt innovative strategies, including partnerships, mergers, acquisitions, new product launches, technological advancements, and others. For instance, Eaton acquired Power Distribution Inc. in February 2020 to incorporate diverse power distribution and power monitoring solutions.
*Regional Insights-*
*Microsoft Plans to Build New Data Centers, thereby Stoking Demand for PDUs in North America *
Eaton Corporation has introduced a new power distribution unit platform in North America. This platform is enabled with G3 technology and has a high-density rack which is ideal for high power environments. Among regions, North America is expected to witness great growth potential in the global market during the forecast period. Another company called Microsoft is planning to develop a new data center in North America, resulting in the rise of power distribution unit market demand.
The market in Europe is expected to grow at a considerable rate over the projected horizon. The growth is primarily driven by the rising investments from telecommunication providers in the cloud and the internet. This, in turn, stokes demand for PDUs in Europe. A data center operator in Europe called EdgeConnex is planning to expand its geographical presence in countries such as Munich, Amsterdam, and Dublin. The company plans to manage and control power consumption throughout the region. This will further improve the power distribution unit market share.
Apart from North America and Europe, APAC is also estimated to be the fastest growing region in the global power distribution unit market. Several key players are planning to invest in countries such as China, South Korea, and India, hence spurring the power distribution unit market revenue.
*Industry Developments-*
*January 2021: *Vertiv signed a distribution and partnership agreement with PROM-TECH. PROM-TECH will provide maintenance, engineering and installation services and also operate as a distributor under the agreement.
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*Table of Content:*
· *Introduction*
· Definition, By Segment
· Research Methodology/Approach
· Data Business
· *Executive Summary*
· *Market Dynamics*
· Macro and Micro Economic Indicators
· Drivers, Restraints, Opportunities and Trends
· Impact of COVID-19 on Power Distribution Unit Market
· Short-term Impact
· Long-term Impact
· *Competition Landscape*
· Business Strategies Adopted by Key Players
· Consolidated SWOT Analysis of Key Players
· Porter’s Five Forces Analysis
· Global Power Distribution Unit Market Share Analysis and Matrix, 2020
· *Key Market Insights and Strategic Recommendations*
· *Profiles of Key Players (Would be provided for 10 players only)*
· Overview
· Key Management
· Headquarters etc.
· Offerings/Business Segments
· Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
· Employee Size
· Past and Current Revenue
· Geographical Share
· Business Segment Share
· Recent Developments
· *Primary Interview Responses*
· *Annexure / Appendix*
Continued
*About Us:*
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