Press release
Power Distribution Unit Market - Present Scenario and the Growth Prospects with Forecast 2024
The global power distribution unit market is expected to reach US$2.26 bn by the end of 2024. Its valuation in 2015 was US$1.14 bn and between 2016 and 2024, the market is expected to demonstrate a CAGR of 7.9%. In terms of revenue, the IT and telecom sector emerged dominant with a share of 31.3% in the overall market in 2015. Regionally, North America emerged dominant with a share of 35.7% in the global market in 2015. However, Asia Pacific is likely to showcase the most lucrative opportunities during the forecast period.Get an exclusive sample of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4384
Demand for Effectively Storing Data Generated across Organizations to Fuel Installation of PDUs
As organizations grow bigger and integrate automation, they are faced with new challenges, the most crucial being efficiently storing the staggering volume of data generated every day. Moreover, a majority of enterprises are inclining towards cloud-computing, which entails big-data generation. This is a chief factor creating the demand for data centers and thus power distribution units. “As online shopping become a mainstay, the demand for power distribution units will rise further,” said a lead TMR analyst.
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High Cost of PDUs May Emerge as Key Restraint
On the downside, the high cost of power distribution units is acting against the market’s growth targets. The market players are also reeling under the presence of compatibility issues due to the increased complexity of data centers. Nevertheless, with recent innovations such concerns can be easily mitigated with. Better features are being developed to help public distribution units cope with the dynamic environment in data centers.
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About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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