Power Distribution Unit Market Set To Soar

As per TMR research, 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.

 

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. Therefore, these companies are focusing on product development to cater to the dynamic consumer preference. Also, many are focusing on research activities, innovations, and exploring novel technologies to strengthen their foothold.

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