The global power distribution unit market size was valued at USD 2,381.5 Million in 2018 and is projected to reach USD 3,961.6 Million by 2026, exhibiting a CAGR of 6.7% during the forecast period.
The global power distribution unit market is expected to see considerable growth owing to increasing requirements for data storage management. This information was shared in a report, titled “Power Distribution Unit (PDU) Market Size, Share and Global Trend By Type, Power Phase, Industry, Application and Geography Forecast till 2026.” The data centers in several sectors such as healthcare, IT, BFSI, energy, and government constantly demand uptime, which fuels demand for smart PDUs. One of the key trends in this market in rising completion among vendors and PDU manufacturers.
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Top Players Overview:
Some of the leading players operating in the global Power Distribution Unit Market include;
- Schneider Electric
- Tripp Lite
- Server Technology Inc.
- CIS Global
- Vertiv Group Corp.
- Raritan Inc.
- Leviton Manufacturing Co. Inc
“Large Number of Data Centers Drives the Market in North America”
Among regions, North America is anticipated to hold the major share in the global power distribution unit (PDU) market. The early adoption of advanced technologies and the presence of a huge number of data centers in this region are creating ample growth opportunities for the market. With the advent of technologies such as the Internet of Things (IoT), machine learning, specialized imaging, Artificial Intelligence (AI), robotic-assisted surgery, and virtual healthcare, a staggering volume of data is generated on a daily basis.
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The market is expected to witness increasing sales in Europe over the forecast period. This is ascribable to the increasing IT spending especially in Paris, UK, and Italy and investments in data centers. In addition to this, the rising investments in cloud computing especially in server virtualization are expected to enable growth in the PDU market in this region.
Apart from these two regions, Asia Pacific is also anticipated to see strong demand for PDUs in the coming years. India and China are witnessing continuous developments in IT infrastructure, which in turn, is likely to stimulate growth in the market. The need for reliable power distribution units is increasing in countries such as Japan, which will drive the PDU market over the forecast period.
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An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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