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Power Distribution Unit Market to Reach USD 7.32 Billion by 2028; Rising Demand for Data Center Monitoring Solutions to Propel Market Growth

January 13, 2022 | Machinery & Equipment

The global power distribution unit market size is anticipated to exhibit tremendous growth by reaching USD 7.32 billion by 2028. Fortune Business InsightsTM in its report titled “Power Distribution Unit Market Size, Share and COVID-19 Impact Analysis, By Type (Basic, Metered, Switched, Intelligent & Others), By Power Phase (Single Phase & Triple Phase), By Application (Datacenters, Laboratories, Commercial Application & Others), and Regional Forecast, 2021-2028”, observes that the market size stood at USD 2.66 billion in 2020 and is expected to exhibit a CAGR of 13.8% between 2021 and 2028. The market is estimated to reach USD 2.96 billion in 2021.


The rising demand for data center monitoring solutions due to soaring data amount globally is expected to boost the market growth.


Vertiv’s Partnership & Distribution Agreement with PROM-TECH to Incite Development


In January 2021, Vertiv, a global provider of power management solutions, signed a distribution and partnership agreement with PROM-TECH. PROM-TECH will provide maintenance, engineering and installation services and also operate as a distributor under the agreement. PROM-TECH offers solutions in each data center, including racks & integrated cabinets, thermal management, AC power, secure rooms, and infrastructure monitoring and management.


Growing Demand for Data Centers & AI-driven intelligent PDUs to Aid Market Growth


The data center consolidates the IT operations of an organization to manage, disseminate, and store data. It helps in providing reliability and security of data centers. The soaring data amount globally is driving the demand for data centers and is likely to be the key factor driving the market’s growth. Furthermore, the rising remote location working and increasing consumer influx towards cloud-based operations have augmented the importance of data centers. Therefore, many data center operators are integrating artificial intelligence-based power distribution units to offer precise and effective monitoring. The increasing consumer preference for AI-driven intelligent power distribution units is anticipated to be a key trend influencing the market’s growth.


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


Major Players Adopt Innovative Growth Strategies to Acquire Growth


The market comprises Tripp Lite, Eaton, Leviton Manufacturing Co., and Eaton, amongst the top market players. The key market players emphasize intensive research and development to develop advanced PDUs. They adopt innovative strategies, including partnerships, mergers, acquisitions, new product launches, technological advancements, and others. For instance, Eaton acquired Power Distribution Inc. in February 2020 to incorporate diverse power distribution and power monitoring solutions.


Industry Developments-



  • January 2021: Vertiv signed a distribution and partnership agreement with PROM-TECH. PROM-TECH will provide maintenance, engineering and installation services and also operate as a distributor under the agreement.


List of Key Players in the Global Market:



  • Schneider Electric SE (France‎)

  • Eaton Corporation PLC (Ireland)

  • ABB Ltd. (Switzerland)

  • Cisco Systems Inc. (U.S.)

  • Vertiv Group Corp. (U.S.)

  • APC by Schneider Electric (U.S.)

  • Hewlett Packard Enterprise (U.S.)

  • Siemens AG (Germany)

  • Raritan Inc. (U.S.)

  • Server Technology Inc. (U.S.)

  • Tripp Lite (U.S.)

  • Leviton Manufacturing Co. Inc. (U.S.)

  • Socomec (France)

  • Legrand (France)

  • Panduit (U.S.)

  • Delta Electronics (China)

  • Enlogic (U.S.)

  • Cyber Power Systems (USA), Inc. (U.S.)

  • Hammond Manufacturing Co. Ltd. (Canada)

  • Data Center Infrastructure (Netherlands)


Further Report Findings-



  • The market size in Asia Pacific stood at USD 0.94 billion in 2020 and is projected to prevail in the global power distribution unit market share. The rising corporate infrastructure across developing nations and the significant efforts of respective governments to amplify the IT ecosystem are anticipated to fuel the region’s market growth. Additionally, the rising adoption of cloud-based operations and automation are likely to complement the market growth in the coming years. India is anticipated to register tremendous growth in improving IT infrastructure.

  • According to the segmentation based on application, the data centers segment is anticipated to attain the highest growth during the forecast period. The commercial and infrastructural developments across developing nations are likely to be a key factor driving the segment’s growth.


Table of Segmentation






















































  ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



Estimated Year



  2021



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD billion)



Segmentation



Type, Power Phase, Application, and Region



By Type




  • Basic

  • Metered

  • Switched

  • Intelligent

  • Others



By Power Phase




  • Single Phase

  • Triple Phase



By Application




  • Datacenters

  • Laboratories

  • Commercial Application

  • Others



By Region




  • North America (By Type, Power Phase, Application and Country)

    • U.S. (By Application)

    • Canada (By Application)



  • Europe (By Product Type, Fuel Type, Application, and Country)

    • U.K. (By Application)

    • Germany (By Application)

    • France (By Application)

    • Italy (By Application)

    • Russia (By Application)

    • Rest of Europe



  • Asia Pacific

    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • South Korea (By Application)

    • ASEAN Countries (By Application)

    • Rest of Asia Pacific



  • Middle East and Africa

    • South Africa (By Application)

    • GCC Countries (By Application)

    • Rest of the Middle East and Africa



  • Latin America

    • Mexico (By Application)

    • Brazil (By Application)

    • Rest of Latin America




Power Distribution Unit Market
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