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The global power distribution unit (PDU) market size stood at USD 3.31 billion in 2022. The market value is poised to rise from USD 3.74 billion in 2023 to USD 9.84 billion by 2030, exhibiting a CAGR of 14.8% during the forecast period.
Fortune Business Insights™ presents this information in its report titled “Power Distribution Unit (PDU) Market Size, Share & COVID-19 Impact Analysis, By Type (Basic, Metered, Switched, Intelligent, and Others), By Power Phase (Single Phase and Triple Phase), By Application (Data Centers, Laboratories, Commercial Application, and Others), and Regional Forecast, 2023 – 2030”.
A power distribution unit (PDU), often known as a Rack PDU, plays a crucial role in data centers, server rooms, and similar environments. It is responsible for managing and ensuring uninterrupted power distribution to a wide range of devices and equipment.
The market is anticipated to grow as there is a rising demand for predictive maintenance. This demand is driven by the need to enhance operational efficiency and make power distribution systems more intelligent, efficient, and reliable.
Supply Chain Disruptions Amid COVID-19 Outbreak Prompted the Market Progress
The pandemic led to significant disruptions in global supply chains, resulting in shortages of crucial raw materials, components, and electronics necessary for PDU production. This, in turn, caused delays in manufacturing and raised production costs for power distribution units. To address these challenges and ensure the uninterrupted operation of their critical facilities, businesses and data center operators prioritized the acquisition of PDUs equipped with remote monitoring and management capabilities.
Eaton Acquired Royal Power Solutions to Strengthen its Industry Foothold
In January 2022, a leading power management company, Eaton, completed the acquisition of Royal Power Solutions, a manufacturer based in the U.S. specializing in precision electrical components. These components find applications in energy management, industrial applications, mobility markets, and electric vehicles.
This strategic acquisition significantly bolstered Eaton's capabilities in the areas of e-mobility, aerospace, and electrical solutions. This move reflected Eaton's commitment to expanding its portfolio and meeting the evolving needs of these industries.
Increasing Demand for AI-Powered PDUs to Spur Market Growth
AI-powered PDUs are in high demand as they play a pivotal role in optimizing energy usage and enhancing overall efficiency. The market for power distribution unit is witnessing a surge in demand for predictive maintenance solutions across various industries. AI-driven PDUs, with their ability to predict and proactively address potential issues, have the ability to reduce the downtime and improve the lifespan of power distribution systems. This surge in demand is leading to the widespread adoption of these advanced PDUs across different sectors.
However, the insufficient heavy current handling capacity of power distribution units could deter the market growth.
Industry Leaders Hold Commanding Position Owing to Robust Supply Chains
The market is highly competitive with the top ten players collectively commanding with over 64% of the market share, indicating a substantial level of consolidation in the industry. This consolidation is most pronounced in the mature markets of North America and Europe, where established companies have established robust supply chains and a significant presence in developed economies.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/industry-reports/power-distribution-unit-market-100424
List of Key Players Profiled:
Key Industry Development
Further Report Findings:
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 14.8% from 2023 to 2030 |
Unit | Value (USD Billion) |
Segmentation | By Type
By Power Phase
By Application
By Region
|