PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1495567
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1495567
Data center rack power distribution unit market size is anticipated to grow at over 8% CAGR between 2024 and 2032. The rising demand for data storage and processing capabilities, propelled by the rapid expansion of cloud computing, big data analytics, and AI is necessitating the deployment of more data centers worldwide. Based on the most recent information, AI is utilized in the operations of 35% of companies worldwide. As data centers continue to proliferate to meet escalating digital demands, the need for efficient power distribution solutions, such as rack power distribution units (PDUs), is rising in tandem to support the infrastructure's power requirements.
With rising energy costs and environmental concerns, data center operators are increasingly prioritizing energy-efficient solutions to minimize operational expenses and reduce carbon footprints. Rack PDUs equipped with advanced features, such as intelligent power monitoring, energy management capabilities, and remote power cycling enable data center operators to optimize power usage, enhance efficiency, and achieve sustainability goals.
The data center rack PDU industry is classified into data center, data center size, rack, end use and region.
Based on data center, the market size from the tier 3 segment will gain significant traction during 2024-2032, due to strong emphasis on reliability, redundancy, and scalability in data center infrastructure. Tier 3 data centers are designed to provide high availability, with redundant components and multiple power distribution paths to ensure continuous operation. Data center operators within the Tier 3 range also prioritize robust power distribution solutions, such as rack PDUs, to support their critical operations effectively.
With respect to end use, the data center rack power distribution unit market value from the BFSI segment is anticipated to witness a strong CAGR between 2024 and 2032, due to its increasing reliance on robust and scalable data center infrastructure. As the BFSI industry is continuing to digitize its operations and expand digital services, the demand for data center resources, including rack PDUs is escalating to support the processing, storage, and management of vast amounts of sensitive financial data.
Asia Pacific data center rack PDU industry is anticipated to grow at a significant pace over 2024-2032, attributed to the rapid digital transformation and increasing adoption of cloud computing, IoT (Internet of Things), and edge computing technologies. Rising government initiatives and investments in digital infrastructure, particularly in countries like China, India, and Singapore, are accelerating the development of data center facilities, subsequently driving the uptake of rack PDUs in the region.