The top five players in the global power distribution unit (PDU)
market held a share of nearly 61% in 2015, rendering its vendor
landscape consolidated. These companies are Cyber Power Systems,
Inc., Emerson Electric Co., Raritan, Server Technology, and Schneider
Electric. Despite the prevailing consolidation, fierce rivalry exists
among the market players, finds Transparency Market Research (TMR) in
a new study. It is therefore observed that these companies are
focusing on product development to cater to the dynamic consumer
preference. Besides this, many of them are focusing on research
activities, innovations, and exploring novel technologies to
strengthen their foothold.
For instance, Schneider Electric has shown keenness towards investing
in research and development activities in the past years. The company
majorly focuses on innovating state-of-the-art technology and
commercializing the same to gain traction around the world. Likewise,
Server Technology owns around 48 patents, while TMR states that 54
patent applications are pending. With the leading players investing
in product innovation, it is expected to give much impetus to the
market in the coming years.
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As per TMR, the global power distribution unit market is expected to
reach US$2.26 bn by the end of 2024. Its valuation in 2015 was
US$1.14 bn and between 2016 and 2024, the market is expected to
demonstrate a CAGR of 7.9%. In terms of revenue, the IT and telecom
sector emerged dominant with a share of 31.3% in the overall market
in 2015. Regionally, North America emerged dominant with a share of
35.7% in the global market in 2015. However, Asia Pacific is likely
to showcase the most lucrative opportunities during the forecast
period.
Demand for
Effectively Storing Data Generated across Organizations to Fuel
Installation of PDUs
As organizations grow bigger and integrate automation, they are faced
with new challenges, the most crucial being efficiently storing the
staggering volume of data generated every day. Moreover, a majority
of enterprises are inclining towards cloud-computing, which entails
big-data generation. This is a chief factor creating the demand for
data centers and thus power distribution units. “As online shopping
become a mainstay, the demand for power distribution units will rise
further,” said a lead TMR analyst.
The rising internet penetration is the key factor behind the
spiraling number of internet users worldwide. According to the United
Nations International Telecommunication Union, around 3.43 billion
users were estimated in 2016 as compared to the 1 billion internet
users in 2015. This shows the massive growth in the internet usage,
which also implies the tremendous volume of data generated in the
last decade. “With internet foraying in industries such as BFSI, IT
& telecommunication, healthcare, and government, the demand for
power distribution unit is unlikely to suppress in the coming years,”
observed the TMR report’s author. Also these industries have shown
keenness towards automating operation, which in turn will translate
into lucrative opportunities for the deployment of power distribution
units.
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High Cost of PDUs
May Emerge as Key Restraint
On the downside, the high cost of power distribution units is acting
against the market’s growth targets. The market players are also
reeling under the presence of compatibility issues due to the
increased complexity of data centers. Nevertheless, with recent
innovations such concerns can be easily mitigated with. Better
features are being developed to help public distribution units cope
with the dynamic environment in data centers. Also in the near
future, favorable government regulations will help augment the demand
in the market. For instance, environmental protection laws will
promote the deployment of energy-efficient equipment, which in turn
will boost scope for the global power distribution unit market.
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Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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