Press release
Power Distribution Unit Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | chneider Electric SE, Eaton Corporation plc, ABB Ltd., Cisco Systems Inc., Legrand SA, Leviton Manufacturing Co. Inc
Power Distribution Unit Market Size
The Business Research Company offers in-depth market insights through Power Distribution Unit Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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..
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Market Segmentation:
The 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
Major Driver - Rising Data Center Numbers Fueling Surge In Power Distribution Unit (PDU) Market Growth
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 .
Competitive Landscape:
Major companies operating in the power distribution unit market report are 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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Top Trend - Consumer Embrace Of Intelligent AI-Driven Pdus Sparks Innovation In The Power Distribution Unit Market
Consumer preference for intelligent AI-driven PDU is expected to be a key trend gaining popularity in the power distribution unit (PDU) market. Companies are coming up with innovative smart power distribution units to meet consumer demands. For instance, in June 2022, MetraAV, a US-based commercial, and residential integration products manufacturer launched Big Dog Power Smart Power Distribution Unit (PDU) to solve technical issues The unique features of the product include remote control, smart home integration, surge protection, and rack temperature control, among others.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Power Distribution Unit Market Characteristics
3. Power Distribution Unit Market Trends And Strategies
4. Power Distribution Unit Market - Macro Economic Scenario
5. Power Distribution Unit Market Size And Growth
…..
27. Power Distribution Unit Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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