The power distribution unit or key distribution unit is a device extensively used for distribution of electric power, which is premeditated and fitted with several outputs to do so. It has a praiseworthy role in data center to supply electricity to computers and networking apparatus. It resolutions the problems linked with data centers regarding power protection and management solution, and further supports in developing effectiveness, uptime, and growth of data centers.
According to the report analysis, ‘Global Power Distribution Unit Market to reach USD 6.40 billion by 2027’ states that the worldwide pandemic of COVID-19 auspiciously affected the growth of market. The data centers and communication infrastructure industries are projected to rise in forthcoming period during COVID-19 period with strategic investment made to assist the augmented network traffic and data utilization for remote functioning while the period phase of lockdown. The growing growth of data centers coupled with proficient spending by information technology industry on data centers around the globe is the aspects propelling the growth of market over the forecast years.
For instance: as per Statista, the worldwide number of data centers are 8.4 million during 2017 where information technology industry is anticipated to spend over USD 208 billion till 2020 worldwide, therefore there will be augment in the growth of data centers and implementation of power distribution units in it around the globe. Whereas, robust growth from enterprises modification toward cloud application is the aspect generating a lucrative thrust to the market growth over the forthcoming duration. However, complex wiring system with augmenting number of power distribution units is the aspect limiting the market growth.
Although, the worldwide Power Distribution Unit Market is worth approximately USD 3.70 billion in 2019 and is projected to increase with a strong growth rate of more than 7.10% over the review period of 2020-2027. The regional analysis of worldwide Power Distribution Unit market is measured for the foremost regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. The North America is the leading/noteworthy region around the world in terms of market share due to the due to the speedy growth in commercial segment and data centers across the region. Whereas, Asia-Pacific is also projected to exhibit greatest growth rate / CAGR over the review period of 2020-2027. Aspects such as increasing concern over power stability for incessant business operations would generate lucrative growth prospects for the Power Distribution Unit market around the Asia-Pacific region.
Not only has this, the effective growth in the volume of unstructured data, augment process automation in the power industry, and growing machine sensor data generate the generation of data. The Data centers are predicted to observe high growth rate throughout the forecast period due to a voluminous augment in data, economic growth, and an augment in the number of internet users across the globe. The effective augment in the demand data centers is also accredited to virtualization and augmented acceptance of cloud computing which is projected to completely impact the power distribution unit market. Therefore, in the near years, it is predicted that the market of power distribution unit will increase around the globe more effectively over the forthcoming years.
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Global Power Distribution Unit Market
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