Research Nester published a report titled “Power Distribution Unit Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the power distribution unit market in terms of market segmentation by type, power phase, power rating, distribution channel, application, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Driven by the advancements in technologies like artificial intelligence, machine learning, internet of things and virtual healthcare, massive amount of data is generated on a daily basis worldwide. As a result, there is a rising demand for data centers, which is further anticipated to raise the adoption of power distribution units. Data centers are deployed in large spaces and for its functioning, these equipment are required to be provided with proper electrical supply. Owing to the presence of numerous data centers around the world, there is also a growing focus of the nations to provide dedicated electrical connection support. These data centers are also known to consume around 1% of the global electricity demand, according to the statistics provided by the International Energy Agency (IEA). Such factors are anticipated to promote towards the growth of the global power distribution unit market.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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The global power distribution unit market is further estimated to record a significant CAGR over the forecast period, i.e., 2021-2028. The demand for power distribution unit during the COVID-19 pandemic increased significantly owing to the sudden boom in the demand for data centers. Although, due to the severe restrictions in trade of goods, the market observed a temporary halt, thereby affecting the sales of the product. Yet it is anticipated that in the coming years, there would be a sharp demand for PDUs, backed by the growing advancement in ICT technologies around the world.
The power distribution unit market is segmented by end user into telecommunication & IT, BFSI, transportation, healthcare, defense and others, out of these, the telecommunication & IT segment is estimated to account for the largest market share over the forecast period. This growth can be attributed to the ongoing technological developments such as cloud computing, artificial intelligence, and internet of things (IoT) in telecommunication and IT industry. Moreover, the increasing number of data centers worldwide is anticipated to increase the demand for power distribution units over the coming years.
Regionally, the global power distribution unit market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is estimated to account for the largest market share over the forecast period. This growth can be attributed to the advancements in IT sector, growing demand for data centers, and increasing research & development activities in the North America region.
Increasing Need Among Data Center Operators for Efficient Power Monitoring Solutions to Drive the Market Growth
Backed by the increasing number of internet users worldwide, the demand for data centers has increased significantly. Also, with the growing dependency on these data centers, there is a rising need for reliable power distribution technology for its efficient operation. The conventional rack power distribution units are more inclined towards increasing the power density, which can trigger an overload event, therefore resulting in the halt of operations or even lead to a technical fault. Utilization of PDUs minimizes the risk of such critical faults and therefore allows maximum data center uptime. Moreover, power distribution units allow the data centers to monitor power usage and provides reliability in case of a critical power load. Such factors are estimated to propel the growth of power distribution unit market over the forecast period.
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However, the rising concern for the increasing complexity of servers in a data center, which makes it difficult to locate and change the cables during the maintenance of power distribution units is anticipated to hamper the growth of the global power distribution unit market.
This report also provides the existing competitive scenario of some of the key players of the global power distribution unit market which includes company profiling of Leviton Manufacturing Co., Inc., Eaton (NYSE: ETN), ABB (NYSE: ABB), DPS Telecom, Cyber Power Systems, Inc. (TPE: 3617), Legrand SA (EPA: LR), Enlogic (CIS Global), Schneider Electric (EPA: SU), Hewlett Packard Enterprise Development LP (NYSE: HPE), and Delta Power Solutions. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global power distribution unit market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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