Categories: Market Research

Power Distribution Unit Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Power Distribution Unit Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Power Distribution Unit Global Market Report 2024, The power distribution unit market size has grown rapidly in recent years. It will grow from $3.46 billion in 2023 to $3.85 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to increased data center demand, regulatory compliance, increased automation in industries, demand for high availability, globalization of businesses, increased focus on resilience..

The power distribution unit market size is expected to see rapid growth in the next few years. It will grow to $5.81 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to smart cities development, focus on energy storage solutions, focus on sustainable practices, rising energy efficiency concerns, enhanced security features.. Major trends in the forecast period include advancements in battery technologies, hybrid cloud adoption, ai and machine learning integration, remote management and automation, customization and scalability..

An increasing number of data centers is expected to propel the growth of the power distribution unit (PDU) market going forward. A data center is a physical structure that houses critical applications and data. A power distribution unit (PDU) provides standard electrical outlets for data center equipment. For instance, in May 2021, according to the United States International Trade Commission, a US-based quasi-judicial federal agency, there were around 8,000 data centers worldwide as of January 2021. Therefore, an increasing number of data centers is driving the growth of the power distribution unit (PDU) market .

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The power distribution unit market covered in this report is segmented –

1) By Type: Basic, Metered, Switched, Intelligent, Other Types

2) By Power Phase: Single Phase, Triple Phase

3) By Distribution Channel: Offline Channels, Resellers or Distributors, Direct to End-users, Integrators or Maintenance, Online Channels

4) By Industry: Data Centers, Telecom and IT, BFSI, Healthcare, Government, Education, Retail, Utilities, Military and Defense, Other Industries

Consumer preference for intelligent AI-driven PDU is expected to be a key trend gaining popularity in the power distribution unit (PDU) market. Companies are coming up with innovative smart power distribution units to meet consumer demands. For instance, in June 2022, MetraAV, a US-based commercial, and residential integration products manufacturer launched Big Dog Power Smart Power Distribution Unit (PDU) to solve technical issues The unique features of the product include remote control, smart home integration, surge protection, and rack temperature control, among others.

The power distribution unit market report table of contents includes: