Global Power Distribution Unit market overview 2024, Forecast To 2033
4 Mar, 2024
The power distribution unit market size has grown rapidly in recent years. It will grow from $3.46 billion in 2023 to$3.85 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to increased data center demand, regulatory compliance, increased automation in industries, demand for high availability, globalization of businesses, increased focus on resilience. The power distribution unit market size is expected to see rapid growth in the next few years. It will grow to $5.81 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to smart cities development, focus on energy storage solutions, focus on sustainable practices, rising energy efficiency concerns, enhanced security features. Major trends in the forecast period include advancements in battery technologies, hybrid cloud adoption, ai and machine learning integration, remote management and automation, customization and scalability.
Global Power Distribution Unit Market Key Driver
An increasing number of data centers is expected to propel the growth of the power distribution unit (PDU) market going forward. A data center is a physical structure that houses critical applications and data. A power distribution unit (PDU) provides standard electrical outlets for data center equipment. For instance, in May 2021, according to the United States International Trade Commission, a US-based quasi-judicial federal agency, there were around 8,000 data centers worldwide as of January 2021. Therefore, an increasing number of data centers is driving the growth of the power distribution unit (PDU) market. In 2023, the market size for power distribution units (PDU) is valued at X, and it is projected to reach Y by 2028.
Get A Free Sample Of The Global Power Distribution Unit Market ReportGlobal Power Distribution Unit Market Segments
The global power distribution unit market covered in this report is segmented –
1) By Type: Basic, Metered, Switched, Intelligent, Other Types
2) By Power Phase: Single Phase, Triple Phase
3) By Distribution Channel: Offline Channels, Resellers or Distributors, Direct to End-users, Integrators or Maintenance, Online Channels
4) By Industry: Data Centers, Telecom and IT, BFSI, Healthcare, Government, Education, Retail, Utilities, Military and Defense, Other Industries
By Geography: The regions covered in the power distribution unit market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the power distribution unit market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power distribution unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Power Distribution Unit Industry Players
chneider Electric SE, Eaton Corporation PLC, ABB Ltd., Cisco Systems Inc., Legrand SA, Leviton Manufacturing Co. Inc., Schneider Electric SE, Tripp Lite, Vertiv Group Corp., Enlogic Systems LLC., Siemens Aktiengesellschaft, Hewlett Packard Enterprise Company, Elcom International Private Limited, Panduit Corp., Chatsworth Products Inc., Cyber Power Systems Inc., Raritan Americas Inc., Powertek Corporation, nVent Electric PLC, Socomec S.A.S., Server Technology Inc., Geist Global, Rittal GmbH & Co. KG, ATEN International Co. Ltd., Austin Hughes Electronics Ltd., Black Box Corporation, Crenlo Engineered Cabs Inc., Fujitsu Limited, Hammond Manufacturing Co. Ltd., Sunbird Software Inc.
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Power Distribution Unit Market Overview
A power distribution unit is a device that has several outputs and is used to provide continuous electric power to multiple systems. This unit transfers and controls the power supply to computers, servers, networking devices, and other systems in a data center.
Power Distribution Unit Global Market Report 2023 provides data on the global power distribution unit market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The power distribution unit market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.