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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.
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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.
List of Key Players in the Global Market:
Further Report Findings-
Table of Segmentation
Value (USD billion)
Type, Power Phase, Application, and Region
By Power Phase