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Power Distribution Unit Market 2022 Global Key Players, Challenges, Industry Size, Growth Opportunities And Forecast to 2027
Power Distribution Unit Market
Notably, the overnight shift to remote work has further propelled the demand for PDUs as it has led decision-makers to purchase and utilize more spaces in data centers. Seeing these positive trends, key market players are channeling significant funds toward R&D activities to modernize data centers and ensure an effective electric supply. Additionally, cloud virtualization, computing, and the evolution of alternating phase power are expected to drive the market toward sound maturity.
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Power Distribution Units Exhibit Higher Penetration Rate in Telecom & IT Segment
The telecom industry is booming with cutting-edge advancements and light-speed innovation. This industry is undergoing radical transformation due to the rising adoption of emerging technologies, competitive market landscape, regulatory compliance, and changing consumer behavior. In addition to these factors, year-on-year growth in the usage of mobile phones has fueled the growth of the telecom sector. This growth has augmented the demand for uninterrupted electric power supply in data centers belonging to the telecom & IT sector, thus creating new economic promise for the power distribution unit market. During the forecast period, the IT & telecom industry is predicted to register momentous growth which will translate into highly favorable business outcomes for various industry leaders in the power distribution unit market.
Global Power Distribution Unit Market is Segmented as Below:
By Type
• Basic PDU
• Metered PDU
• Intelligent PDU
• Switched PDU
• Others
By Application
• Banking
• Financial Services and Insurance
• Energy
• Government
• Healthcare
• Telecom & IT
• Others
By Power Phase
• Single
• Triple
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Consumer's Drive to AI-Enabled PDUs to Present Novel Business Opportunities
Interconnected data centers are gaining prominence owing to the widespread preference for remote work as such an environment necessitates communication on secured server technology. This critical shift to interconnected data centers is projected to surge the demand for PDUs. Further, the demand for PDUs is increasing due to the growing consumer preference for cloud-enabled operations. Another maturing trend is the steadily rising demand to make monitoring of data centers more efficient. To achieve this, operators are making fundamental changes by integrating AI-driven intelligent units to enable accurate monitoring along with strengthening outlet capacities. In the coming years, the adoption of AI-enabled PDUs is set to significantly expand the global power distribution unit market.
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Asia Pacific Gains Competitive Edge; High Growth Prospects for North America
Asia Pacific is set to emerge as the leading player in the power distribution unit market. Emerging economies within APAC are likely to take the market by storm owing to their flourishing corporate landscape. Supportive government initiatives to promote the IT ecosystem, growth in the IT sector, and increased use of automation and cloud-based operations in diverse industries are building a strong case for APAC's power distribution unity market. On the other hand, North America is expected to exhibit high growth potential owing to promising investments in PDUs, data centers, and commercial establishments.
Prominent Market Players
Major players operating in the global power distribution unit market are Cisco Systems, Leviton Manufacturing Co. Inc., ABB Ltd., Schneider Electric, Siemens AG, Hewlett Packard Enterprise, Delta Electronics, Eaton Corporation, and Vertiv Group Corp.
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