Data Center Rack PDU Market Growth & Trends
The global data center rack power distribution unit market size is expected to reach USD 3.39 billion by 2030, registering a CAGR of 9.8% during the forecast period. The on-going novel coronavirus pandemic is expected to negatively impact the world’s economy. Several companies are focusing on running their businesses and protecting their employees.
During this pandemic, data centers are expected to be the key pillars that are holding the markets together since people are advised to stay at home. Owing to social distancing, millions are turning towards internet since social interactions are moving online and business-to-business communications are taking place digitally. This is expected to significantly increase the importance of data centers across the globe, thereby resulting in the market growth over the forecast period.
Data center rack power distribution unit (PDU) provide optimum power distribution and complete power protection for devices in the center. Power distribution units can be installed horizontally or vertically within a rack. The market is driven by increasing number of data centers in developing countries, such as China. According to the Ministry of Industry and Information Technology (MIIT), in 2016, the total number of data centers in China was 1,641, with an additional 437 centers under construction and due to open.
Rapid growth of the IT sector is fueling the demand for data center rack power distribution units. According to the India Brand Equity Foundation (IBEF), in 2019, the IT-BPM sector in India was valued at USD 177 billion and is estimated to reach USD 350 billion by 2025. India is considered to be one of the important offshore destinations for IT organizations worldwide. Companies such as Microsoft Corporation, Oracle Corporation, and Amazon Web Services, Inc. have a strong presence in India and are focusing on expanding their business in Asia Pacific. However, this expansion can be delayed owing to the ongoing novel coronavirus crisis.
Increasing adoption of cloud-based technology is fueling the market growth. In cloud data centers, third party service providers lease storage space to organizations from multiple industries. Companies such as Google LLC and IBM Corporation that operate at the global level provide cloud-based services to organizations from various sectors, such as manufacturing, media and entertainment, healthcare, and transportation. The adoption rate of cloud-based technology is high owing to several benefits, such as cost effectiveness, data security, and centralized access to authorized personnel, thus leading to the upsurge in market growth over the forecast period.
Data Center Rack PDU Market Report Highlights
- The market is expected to witness significant growth in the years to come is due to rising demand for energy efficient power distribution products
- By product, the non-intelligent segment accounted for the largest share of over 53.8% in 2022. Cost-effectiveness will significantly impact the growth of non-intelligent PDUs over the forecast period since several small and medium enterprises will find intelligent PDUs costly
- Intelligent rack power distribution units are expected to witness the fastest growth over the forecast period wing to the presence of metered and switched intelligent power distribution unit categories, which offer enhanced features
- The market is consolidated and is characterized by high competition with the presence of major global players. Companies are engaged in mergers, collaborations, and acquisitions to expand their geographical presence and enhance their product portfolio.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
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- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Data Center Rack Power Distribution Unit Market Variables, Trends & Scope
Chapter 4. Data Center Rack Power Distribution Unit Market : Rack Type Estimates & Trend Analysis
Chapter 5. Data Center Rack Power Distribution Unit Market: Regional Estimates & Trend Analysis
Chapter 6. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Schneider Electric
- Cyber Power Systems (USA), Inc.
- Eaton
- Enlogic
- Hewlett Packard Enterprise Development LP
- Leviton Manufacturing Co., Inc.
- Raritan, Inc.
- Server Technology, Inc.
- Tripp Lite
- Vertiv Group Corp.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.65 Billion |
| Forecasted Market Value ( USD | $ 3.39 Billion |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
