Power Distribution Unit Market To Generate $6,837.6 Million Revenue by 2030
- Published: October 2023
The global power distribution unit market is predicted to reach USD 6,837.6 million by 2030, growing at a CAGR of 7.7% between 2024 and 2030. This can be attributed to the increasing number of data centers, the surging investment in industrial projects, greater server utilization, and improved knowledge of cloud computing.
Rising Demand for Cloud Services Across the Globe & Rising Number of Data Centers
Due to the COVID-19 pandemic, the need for cloud services has been boosted and the digital revolution is speeding up in all sectors. Also, investments in data centers have increased as a result of the transition to the cloud. In proportion to the rise in consumption and generation of data and the usage of cloud services, the requirement for data centers has amplified tremendously.
As more companies are ready to invest in new deployment and data storage facilities, the number of data centers is increasing significantly in both developing and developed nations. There are already more than 7.2 million data centers throughout the world, and as the world continues to create 2.5 million terabytes of data every day, supported by the expansion of 5G, IoT, and Industry 4.0, the need for data centers is expected to soar in the following five years. Data centers are the primary application for PDUs, so the expansion of the market is expected to rise in the coming years.
For instance, the capacity of the Indian data centers sector is projected to rise by a factor of five, as a result of the industry's projected addition of 3,900–4,100 MW of capacity over the course of the following five years. Similarly, there has been a significant rise in the demand for data centers in many countries, as the adoption of cloud services is increasing. Hence, the market for power distribution units (PDUs) is expected to benefit from developments like virtualization, robotics, and artificial intelligence, increased cloud computing adoption, and automation in the automotive industry.
APAC Market To Register Fastest Growth
From 2023 to 2030, the Asia-Pacific power distribution unit is projected to witness the fastest growth. This can be due to the developing information technology and telecommunications industries in nations like China and India. As IT infrastructure grows, there is a greater requirement for PDUs in the telecom and IT industry.
On the other hand, in terms of revenue, North America led the PDU market in 2023. This is due to the rising spending in end-use industries, including telecom & IT, healthcare, and BFSI, and the presence of key industry players in the region.
Some of the major players operating in the power distribution unit market include Eaton Corporation plc, Cyber Power Systems (USA) Inc., Raritan Inc., Emerson Electric Co., Server Technology Inc., Enlogic Systems LLC, Leviton Manufacturing Co., Inc., Vertiv Group Corp., Hewlett Packard Enterprise Development LP, and Schneider Electric.