The power distribution unit market is estimated to reach USD 4,120.0 million in 2023, which will touch USD 6,837.6 million, propelling at a 7.7% compound annual growth rate, by 2030.
The growth of this industry can be because of the cost-effective IT operations, the rising count of data centers, and the rising end-use sectors. Moreover, the industry will also be driven by the advancement in cloud computing, alternating-phased power, and virtualization, in the years to come.
The monitored category, on the basis of type, will advance at the fastest rate, of 8.8%, during this decade. This will be because metered PDUs provide access to power data as well as remote monitoring anytime or anywhere. Therefore, these are employed across different end-use sectors.
The single-phase category, based on phase, will account for the larger share, of 65%, in 2023. This can be because small businesses drive the need for single-phase power distribution units as this power supply is limited for residential usage. This comprises a total of four wires, including a neutral wire, 2 active wires, and a ground wire.
The above 400 V category, based on power rating, will propel at the fastest rate, during this decade. This is because businesses use various industry-standard connectors in the installation process to save time and expenses. With resettable circuit breakers, above 400 V PDUs also offer faster recovery from overload accidents.
The telecom & IT category, on the basis of end user, is leading the power distribution unit market, and it will advance at the fastest rate, of 9.0%, during this decade. This can be attributed to the rapid advancement of the telecom sector, as a result of the surging innovation and technological advancements.
Moreover, the increasing count of mobile devices opens doors for telecom & IT companies by boosting the count of individuals connected over smartphones every year.
North America is the largest contributor to the industry, with a 45% share, in 2023. This can be because of the existence of major players in Canada and the U.S., coupled with the increased expenses in end-use sectors like telecom & IT, BFSI, and healthcare.
APAC is likely to observe the highest compound annual growth rate, of 8.9%, in the years to come. This can be ascribed to the growing IT & telecommunications sectors in India, China, South Korea, and Japan, the improving lifestyle of people, and the increasing end-use sector in the region.
It is because of the surging number of data centers all over the world, the power distribution unit industry will continue to advance in the years to come.
