From GlobeNewswire:

The global power distribution unit market is projected to grow from $3.78 billion in 2023 to $13.68 billion by 2033, with a CAGR of 13.73%. PDUs manage electrical power in data centers for servers and networking equipment. Factors driving market growth include data center requirements, declining power consumption, and digital transformation initiatives. Switched PDUs are expected to grow rapidly due to increased cloud technology adoption and IT infrastructure expansion.

The triple-phase segment is expected to dominate the global power distribution unit market, driven by the widespread use of three-phase power in data centers, laboratories, and defense. The telecom & IT sector is predicted to hold the largest market share, fueled by technological advancements and mobile device market growth. North America leads the market due to increasing demand in telecom, IT, and healthcare sectors.

Asia Pacific is forecasted to grow rapidly in the power distribution unit market, driven by corporate infrastructure expansion and sales of healthcare equipment. Major vendors in the market include General Electric, ABB Ltd., Siemens AG, and Schneider Electric. Recent developments include ABB’s $25 million investment in smart grid technology. The market is segmented by type, power phase, application, and region for detailed analysis and forecasting from 2020 to 2033.



Read more at GlobeNewswire: Global Power Distribution Unit Market Size To Worth USD