Growing Data Centers to boost the demand for Power Distribution Unit Market

The power distribution unit market worldwide is expected to grow with a CAGR of 5.9% during the forecast period from 2023 to 2030, starting from US$ 2.37 Bn in 2021. Rising data centers are driving the demand for power distribution units worldwide. Growing power supply concerns and for the reduction of energy losses the demand for power distribution unit is increasing, which helps the market growth. Power distribution units have various benefits includes decrease the effect of carbon emission, real time data collection, remote monitoring and others, which are driving the growth of the market. Thus, we expect that the power distribution unit market will show significant growth throughout the forecast period.

Three Phase Segment will Continue its Dominance

The power distribution unit market by phase is segmented into single phase and three phase. Three-phase segment has largest share in 2020 with more than 1/2 of the market revenue share in the same year. Three phase power distribution units are majorly used at data centers and cabinets for load balance of all power points. Low cost, low installation time, loss minimizing and others are some of the benefits of three-phase power distribution unit, which are driving the growth of the market. As a result, we expect that three-phase segment will continue its dominance in the power distribution unit market throughout the forecast period from 2021- 2029.

North America will continue its Dominance

In 2021, North America led the power distribution unit market followed by Europe and Asia Pacific. North America contributes for nearly 1/3rd of the market share in the same year. Growing data centers in the region is the factor for the dominance of North America region. The U.S. was the largest contributor owing to highest number of data centers and growing investments for IT industry.  Early technological adoption in the region is also one of the major factor driving the growth of the region. Therefore, we expect that North America will continue its dominance during the forecast period in the power distribution unit market.

Some of the prominent players operating in the power distribution unit market Schneider Electric SE, Eaton Corporation PLC, ABB Ltd., Cisco Systems, Inc., CyberPower Systems, Inc., Tripp Lite, Leviton Manufacturing Company, Inc., Enlogic Systems LLC, Legrand SA Hewlett Packard Enterprise among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Power Distribution Unit market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Power Distribution Unit market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Power Distribution Unit market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Power Distribution Unit market?
• Which is the largest regional market for Power Distribution Unit market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Power Distribution Unit market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Power Distribution Unit market worldwide?