Published By : 27 Jul 2016 | Published By : QYRESEARCH
The major objective of PDU is to enable reliable distribution of power to various network components of server racks. They are also used extensively to monitor power sources. They enable switch on and off of power sources. PDUs also allow remote access for controlling power distribution to server racks. According to a new market report published by Transparency Market Research (TMR), the global power distribution unit market was valued at US$1.07 bn in 2014 and is expected to reach US$1.94 bn by 2021, expanding at a CAGR of 9.3% from 2015 to 2021.
Telecom & IT Segment Led the PDU Market in 2014
The telecom and IT segment led the global power distribution unit market and accounted for 31.3% of the market in 2014. The growth was attributed to growing number of internet users. Higher acceptance of online shopping in emerging nations such as India and China was also behind the growth of the telecom and IT segment. Moreover, the telecom and IT sector is expected to continue to lead in the global power distribution unit market in the coming years.
Large Amount of Data Generated Fueling Demand for Power Distribution Unit
The growing population and thus, an increase in the amount of data generated across various sectors worldwide is responsible for the growth of the power distribution unit market. The growing adoption of cloud computing is also boosting the growth of the power distribution unit market. Carbon taxation is being implemented in many countries owing to rising environmental concerns. This has led to an increased need for the monitoring of power consumption in data centers, thus driving the demand for power distribution units.
A growing need to reduce operational cost of running data centers is also fueling the demand for PDUs. These units help reduce substantial operational costs incurred by data centers and negate the need for any other expensive equipment.