Data Centre Monitoring to Bolster Growth of the Power Distribution Unit Market
Proliferation of data centres to carry out management and dissemination of data along with centralizing and streamlining IT operations of an organization continues to influence the use of power distribution unit. Moreover, increasing volume of data has triggered need for efficient data centres making its monitoring even more important. Monitoring of a data centre includes operating and managing its operations using automated or manual tools that also facilitate efficient power utilization and securitization. By using a power distribution unit, it becomes convenient to monitor and improve uptime in data centres. That said, growing demand of PDUs in data centre remains instrumental in driving the market.
Intelligent Power Distribution Units to Witness High Demand
Establishment of multifaceted, advanced, and interconnected data centres carrying out storage and retrieval of confidential documents and other data has been growing since the recent past. Reliance of customers on cloud based operations along with the growing trend of remote location working has fuelled the need for secure and safe server technology. This factor continues to drive the need for data centres on the global front. In order to make data centre monitoring more effective and feasible, operators are carrying out fundamental changes in their respective data centre infrastructure by integrating AI driven units. These AI driven units can carry out prompt and precise monitoring, consequently strengthening capabilities of the data centre ecosystem. That said, demand for intelligent AI based PDUs in data centres is expected to contribute to the growth of the power distribution unit market in the following years.
As per study, the global power distribution unit market was valued at around US$ 3 billion in 2020. It is expected to grow at a rate of over 13% in the coming six years and is projected to reach a valuation of more than US$ 7 billion.
Asia Pacific Likely to Reign Supreme in the Power Distribution Unit Market
Emerging economies in Asia Pacific region are expected to showcase momentous potential for adoption of power distribution units. Growing corporate infrastructure coupled with government efforts to promote IT ecosystem is expected to pave potential avenues for power distribution units (PDUs). Moreover, incremental growth in IT sector alongside proliferation of cloud based operations and automation in various sectors has created awareness regarding use of a power distribution unit. This is mainly owing to the increasing need for uninterrupted power supply and stability in operational efficiency of data centres and respective server rooms.
Alternatively, Asia Pacific’s lucrativeness has resulted in establishment of various industrial sectors in countries such as India and China. This has further translated into huge opportunities for IT integration and automation across various industries and end user applications. Efforts of respective governments to integrate automation techniques and facility technology based facility management particularly in public infrastructure to gain enhanced security have further pushed the demand for power distribution unit. In addition, increasing number of data centres across China and India is expected to elevate sales of PDUs in turn fostering power distribution unit market growth. Manufacturers of power distribution unit can focus on leveraging the region’s lucrativeness and can expect a stream of opportunities in the near future.
Similarly, North America region is expected to account for a significant share in the market. This is mainly due to increasing investments in PDUs in commercial places and data centres. For instance, according to the analysis presented by EERE (Office of Energy Efficiency and Renewable Energy), there are around 3 million data centres in United States alone. This aspect continues to influence the demand for distribution of uninterrupted electricity along with power management and protection, consequently complementing market growth in the region.
Power Distribution Unit Market: Competitive Landscape
Key players in the market are leveraging its potential and are investing in research and development in the PDU sector. They are also collaborating to gain market position and competitive advantage. In 2021, an Italian energy management company, Enel, ventured in the power distribution unit market and announced an investment of around US$ 19.5 million by end of 2023 to enhance distribution network in the country. Same year, in April, Sensata Technologies entered into an agreement with a major electric truck manufacturing company to provide power distribution unit for fast charging of trucks.
Few of the major players in the power distribution unit market include Schneider Electric, ABB Ltd., Eaton Corporation, Leviton Manufacturing Co. Inc., Siemens AG, Delta Electronics, Cisco Systems, Hewlett Packard Enterprise and Vertiv Group Corp.
Global Power Distribution Unit Market is Segmented as Below:
By Type
By Application
By Power Phase
By Region
Key Elements Included In The Study: Global Power Distribution Unit Market
Post Sale Support, Research Updates & Offerings
We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.
Disclaimer:
Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.
View Methodology