The global power distribution unit market is estimated to experience significant growth over the forecast period. This growth can be attributed to higher awareness of cloud computing, quick server adoption, and increased spending in industrial projects. Key trends in the power distribution unit (PDU) market are increased competition among vendors, cloud computing, evolution of alternating phased power and virtualization which are estimated to boost market growth through the forecast period.
Proliferating data center demand, reduced power consumption, rapid increase in the amount of data generated coupled with growing need for data storage are some of the key factors expected to drive the market. However, increasing data center server complexity is a major challenge faced by the PDU market.
Key features of PDUs include tracking power usage, reduced overall power consumption, minimization of the downtime of servers, and increasing uptime. In order to maintain application performance and efficiency, rack power distribution units distribute power to the equipment. Multiple low amperage outlets can be provided from high amperage outlets with the application of power distribution units having high amperage plugs.
Rising volume of unstructured data, increase process automation in the power industry, and increasing machine sensor data trigger the generation of data. Data centers are projected to witness high growth rate during the forecast period owing to a voluminous increase in data, economic growth, and an increase in the number of internet users globally. Growing demand data centers is also attributed to virtualization and increased acceptance of cloud computing which is expected to positively impact the power distribution unit market.
On the basis of type, the PDU market can be segmented into metered, switched, basic, and monitored power distribution units. Based on the power phase, the market can be segmented into single-phase and three-phase power distribution units. North America is expected to have a significant share in the power distribution unit market owing to increased awareness of cloud computing in emerging markets such as India and China. Various functions of rack PDU include remote access, monitoring functionality, power filtering, control by LAN, intelligent load balancing, and remote monitoring.
The power distribution unit market can be segmented on the basis of application into banking, telecommunication, government, financial services, insurance energy, and healthcare. The telecom segment is expected to have a significant market share during the forecast period.
Key vendors of the PDU market are Eaton Corporation, Cyber Power Systems, Raritan Inc., Emerson Electric Co., APC Corp, Tripp Lite, Raritan Inc., Server Technology Inc., Enlogic Systems LLC, Leviton Cisco Systems, Geist Ltd., AFCO Systems, Hewlett-Packard Co., and Schneider Electric.
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In contrast to its related industries like consumer electronics and semiconductors, the data center and communications infrastructure industry is expected to be more buoyant with continued strategic investments made to support the increased network traffic and data usage for remote working during the lockdown phase. From school closures necessitating students to use virtual offerings (Google Classroom ) to the governments using business analytics services (Power BI) for communicating virus updates, the demand for communication services and related infrastructure has witnessed an unprecedented rise amidst the global pandemic. Digital services including telemedicine are expected to remain popular even after the pandemic is contained, thereby ensuring strong growth in the communication infrastructure industry. The report will account for Covid19 as a key market contributor.