According to a new market research report published by Credence Research “Power Distribution Unit Market – Growth, Future Prospects, and Competitive Analysis, 2019 – 2027”, the global market for power distribution unit was valued at US$ 2.24 billion in 2018 and is set to grow with a CAGR of 5.9 percent over the 2019 to 2027 forecast period.
The increasing number of data centers and the increasing demand for energy-efficient solutions drive the market for power distribution units globally. It is intended to supply electrical power to computers and other equipment in data center power distribution units. Rising concerns for continuous power supply reduced energy losses, and uninterrupted business operations, power distribution units are on demand. The demand for power distribution units is increasing in order to comply with environmental standards and reduce the impact of carbon emissions. Power distribution units have various benefits, such as capacity planning, data collection in real-time, remote monitoring, and others, which also drive market growth. We, therefore, expect a significant increase in the market for power distribution units in the forecast period 2019-2027.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/power-distribution-unit-market
Based on the phase, the market for the power distribution unit is segmented into single-phase and three phases. The three-stage segment was the largest contributor to revenue in 2018. In the same year, the three-stage segment contributed more than 50% of revenues. The dominance of the three-phase segment is due to the maximum utilization of three-phase power distribution units in data centers. Three-phase power distribution units have different advantages, such as low cost, reduced installation time, simplified loading and more. In addition, due to the above benefits, three-phase power distribution units are widely used in data centers. We, therefore, expect the three-phase segment to continue to dominate the market for power distribution units during the forecast period.
Geographically, North America dominated the market for power distribution units, supported by Europe and the Asia Pacific, in 2018. North America contributed approximately 40% of its revenue share in the same year. North America is dominated by increasing demand for data centers in the region. High investment in the IT sector is one of the main reasons for North America’s dominance. The U.S. was the largest contributor in the region, accounting for more than 80% of the revenue share. As a result of these factors, the North American region is expected to continue to dominate the market for power distribution units throughout the forecast period.
Some of the major companies profiled in the report include 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.
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/60066
- Automatic Transfer Switch
- Hot Swap
- Dual Circuit
By Phase Type
- Single Phase
- Three Phase
By Power Rating Type
- Up to 120 V
- 120- 240 V
- 240- 400 V
- Above 400 V
By End-user Type
- Telecom & It
- Manufacturing & Processing Industry
- Government & Defense
By Geography Segment
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)