The market for Power Distribution Unit is expected to reach US$ XX by 2027.
The power distribution unit market worldwide is expected to grow with a CAGR of 5.9% during the forecast period from 2019 to 2027, starting from US$ 2.24 Bn in 2018. Rising data centers are driving the demand for power distribution units worldwide. In addition, with growing power supply concerns and the reduction of energy losses, the demand for power distribution units is increasing, which helps the market growth. Furthermore, power distribution units have various benefits, including a decrease in the effect of carbon emission, real-time data collection, remote monitoring, and others, which drive the market's growth. Thus, we expect the power distribution unit market to show significant growth throughout the forecast period.
The power distribution unit market by phase is segmented into single and three phases. The three-phase segment had the largest share in 2018, with more than 1/2 of the market revenue share in the same year. Three-phase power distribution units are majorly used at data centers and cabinets for the load balance of all power points. Low cost, low installation time, loss minimization, and others are some of the benefits of a three-phase power distribution unit, which drive the market's growth. As a result, we expect the three-phase segment to continue its Dominance in the power distribution unit market throughout the forecast period from 2019- 2027.
In 2018, North America led the power distribution unit market, followed by Europe and the Asia Pacific. North America contributes nearly 1/3rd of the market share in the same year. Growing regional data centers are the factor for the Dominance of the North American region. The U.S. was the largest contributor owing to the highest number of data centers and growing investments in the IT industry. In addition, early technological adoption in the region is also one of the major factors driving the growth of the region. Therefore, we expect that North America will continue its dominance during the forecast period in the power distribution unit market.
Some prominent power distribution unit market players are Schneider Electric SE, Eaton Corporation PLC, ABB Ltd., Cisco Systems, Inc., CyberPower Systems, Inc., Tripp Lite, Leviton Manufacturing Company, Inc., Enlogic Systems LLC, Legrand SA, and Hewlett Packard Enterprise among others.
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.
The power distribution unit market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global power distribution unit market based on type, phase, power rating, end-user, and geography.
The market for Power Distribution Unit is expected to reach US$ XX by 2027.
The Power Distribution Unit market is expected to see significant CAGR growth over the coming years, at 5.9%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Schneider Electric SE, Eaton Corporation PLC, ABB Ltd., Cisco Systems, Inc., CyberPower Systems, Inc., Tripp Lite, Leviton Manufacturing Company, Inc., Enlogic Systems LLC are some of the major players in the global market.