PUBLISHER: The Business Research Company | PRODUCT CODE: 1425742
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425742
Power Distribution Unit Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on power distribution unit market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for power distribution unit? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The power distribution unit market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A power distribution unit (PDU) serves as a multifaceted device with numerous outputs, designed to deliver consistent electrical power to multiple systems concurrently. This apparatus effectively manages and regulates power supply to various technological infrastructures, including computers, servers, networking tools, and other essential systems housed within a data center environment.
Diverse types of power distribution units (PDUs) exist, encompassing basic, metered, switched, intelligent, and other variations. A basic PDU functions akin to a power strip, effectively disseminating precise voltage and electricity across multiple outlets within an IT setup. These power units operate with both single-phase and triple-phase power distribution, reaching end-users through offline channels, resellers, direct distributors, integrators, maintenance entities, and online distribution avenues. Industries across diverse sectors such as data centers, telecommunications, BFSI, healthcare, government, education, retail, utilities, military, defense, and others rely on these PDUs for seamless power management.
The power distribution unit market research report is one of a series of new reports from The Business Research Company that provides power distribution unit market statistics, including power distribution unit industry global market size, regional shares, competitors with a power distribution unit market share, detailed power distribution unit market segments, market trends and opportunities, and any further data you may need to thrive in the power distribution unit industry. This power distribution unit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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%. Historical growth can be attributed to several key factors, including the heightened demand for data centers, the imperative of regulatory compliance, increased automation across industries, the pursuit of high availability solutions, the global expansion of businesses, and a heightened focus on resilience within operational frameworks.
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%. Anticipated growth in the upcoming period is linked to several factors, including the development of smart cities, an increased emphasis on energy storage solutions, a dedicated focus on sustainable practices, growing concerns regarding energy efficiency, and an augmented incorporation of enhanced security features.
he anticipated surge in the power distribution unit (PDU) market is attributed to the escalating numbers of data centers. These centers serve as critical repositories for applications and data, with PDUs providing essential electrical outlets for the equipment housed within them. For instance, as of January 2021, the United States International Trade Commission reported approximately 8,000 data centers worldwide, signifying the driving force behind the PDU market's expansion.
Another pivotal driver of growth in the PDU market is the increasing adoption of the Internet of Things (IoT). IoT encompasses interconnected physical devices, offering scalability, real-time monitoring, predictive maintenance, enhanced energy efficiency, and improved system management when integrated into power distribution units. By 2030, the estimated 25.4 billion IoT devices, as projected by Exploding Topics in March 2023, underscore the significant role driving the growth of the PDU market.
An emerging trend within the PDU market is the rising consumer preference for intelligent AI-driven PDUs. Companies are innovating smart power distribution units to address consumer needs effectively. For instance, the launch of MetraAV's Big Dog Power Smart PDU in June 2022 showcases unique features like remote control, smart home integration, surge protection, and rack temperature control, catering to consumer demands for intelligent PDU solutions.
Major companies operating in the PDU market are emphasizing innovative products, particularly intelligent PDU outlets, to augment market revenues. Intelligent PDUs effectively manage and distribute power to multiple devices, exemplified by Panduit Corporation's launch of the smartzone 4-in-1 outlet PDU in October 2023. This innovation offers exceptional reliability, superior outlet density, and adaptability in energy monitoring for data centers, ensuring a robust and safe operational environment for vital IT equipment.
In July 2021, nVent Electric PLC, a UK-based provider of electrical connection and protection solutions, completed the acquisition of CIS Global for a deal worth $200 million. This strategic acquisition bolsters nVent's standing within the electrification market, enhances its global portfolio in data centers and networking solutions, and broadens its expertise in advanced power management technologies. CIS Global, a US-based provider of intelligent power distribution units, aligns with nVent's vision for expansion and technological innovation in the field.
Major companies operating in the power distribution unit market report are Schneider 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.
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.
The countries covered in the power distribution unit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The power distribution unit market consists of sales of intelligent PDUs, non-intelligent PDUs. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.