Albany, NY, April 21, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Power Distribution Unit (PDU) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021", the global PDU market was valued at USD 1.07 billion in 2014 and is expected to reach USD 1.94 billion by 2021, growing at a CAGR of 9.3% from 2015 to 2021.
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Rapid increase in the amount of data generated and the growing need for storage of these data in data centers across different industry verticals are the major driving factors for Power Distribution Unit (PDU) market. Data centers rely heavily on PDUs for distribution of power to the network components of the server rack. Furthermore, PDUs are also used to track power usage by each component of the rack and reduces the overall power consumption throughout the data centers. Within the scope of this report, the global PDU market for data centers has been covered.. The increasing acceptance of cloud computing and server virtualization has boosted the demand for data centers and in turn has also increased the demand for PDUs. Moreover, an increase in investment in industrial infrastructure projects in emerging markets, such as India and China, is expected to accelerate the growth of the PDU market during the forecast period from 2015 to 2021.
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The global PDU market, by application, can be divided into six segments: telecommunication & information technology (telecom & IT), Banking, Financial Services & Insurance (BFSI), government, energy, healthcare and others. Telecom & IT was the largest contributor in global PDU market in 2014, accounting for a market share of 31.3%. The growth is attributed to increase in number of internet users and higher acceptance of online shopping in emerging markets such as India and China among others. Also, the increasing demand for reduction in power consumption of data centers globally is driving the growth of PDU market. Considering these factors, telecom & IT is anticipated to remain the top application sector for PDU market during the forecast period.
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The global PDU market has been segmented into four regions: North America, Europe, Asia Pacific and RoW. North America held the largest market share in 2014, accounting for 35.8% of the overall market. Rapid adoption of server virtualization and increased acceptance of cloud computing across industry verticals are primarily driving the demand of PDU in North America.
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Some of the leading players in the market are Cyber Power Systems. (Taiwan), Eaton Corporation (Ireland), , Emerson Electric Co. (US), Raritan Inc. (U.S.), Tripp Lite (US), Leviton (U.S.), Server Technology, Inc. (U.S.), Enlogic (UK), Cisco Systems, Inc. (US) and Schneider Electric (France) among others. The report provides estimates in terms of revenue (USD Billion) from 2015 to 2021 by studying the global PDU market. Competitive analysis of various market segments based on the types, power phases, applications in data centers of various industry verticals and in-depth scrutiny of the PDU market across different geographic segments falls under the scope of the report.
The market has been segmented as follows:
Power Distribution Unit (PDU) market, by Types:
- Basic
- Metered
- Monitored
- Switched
- Others
Power Distribution Unit (PDU) market, by Power phase:
- Single phase
- Three Phase
Power Distribution Unit (PDU) market, by Applications:
- Telecom & IT
- Banking, Financial Services and Insurance (BFSI)
- Government
- Energy
- Healthcare
- Others
Power Distribution Unit (PDU) market, by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World (Latin America, Middle East and Africa)
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.