Tuesday, 8 December 2015

Rising Demand from Telecom and IT Sector to Propel Global PDU Market at 9.30% CAGR

A recent research report released by Transparency Market Research projects the global power distribution unit (PDU) market to expand at a CAGR of 9.30% during the period between 2015 and 2021. The report, titled “Power Distribution Unit (PDU) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, forecasts the global PDU market to reach a valuation of US$1.9 bn by 2021. The overall market was worth close to US$1.1 bn in 2014.

The main objective of a power distribution unit is to provide power to various network components of a server rack present in a data center. Discussing the factors impacting the growth of the global PDU market, the report points out that an increase in demand for data centers and the need to reduce the operational cost of data centers have boosted the overall PDU market.Product innovation, coupled with large-scale production, is also expected to augment the growth of the global PDU market. Economic growth in emerging markets will further drive the demand for power distribution units during the forecast horizon. However, the report states that the high commercial and operations price of PDU failure and increased complexity of data center servers will restrain the overall market. The global PDU market has a huge opportunity to grow with innovations in power distribution units. New regulations for assuaging environmental and data privacy concerns will open new avenues for growth of the market.

On the basis of application, the report segments the global PDU market into government, energy, healthcare, telecom and IT, banking, financial services, and insurance (BFSI), and others. In 2014, the telecom and IT sector was the largest application segment and accounted for a 31.3% market share. The growing demand for power distribution units from the telecom and IT sector can be attributed to the increasing number of internet users and increasing trend of online shopping in emerging economies such as China and India. During the forecast period, the telecom and IT sector is expected to lead the market.

The report studies the global PDU market across four key regions: Europe, North America, Asia Pacific, and Rest of the World. North America dominated the overall market in 2014 with a 35.8% share owing to rapid adoption of server virtualization and increased acceptance of cloud computing across industry verticals in the region.Discussing the competitive landscape, the report profiles some of the key players in the global PDU market such as Cyber Power Systems, Emerson Electric Co., Schneider Electric, Eaton Corporation Plc, Raritan Inc., Tripp Lite, Server Technology Inc., Enlogic, Cisco Systems Inc., and Leviton Manufacturing Company Inc. The key players are focused on developing advanced power distribution units. The report provides insightful information about the key players, including their product portfolio, revenue, global presence, and recent developments.

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