Power Distribution Unit Market : Advanced Technologies & Growth Opportunities in Global Industry
The top five players in the global power distribution unit (PDU) market held a share of nearly 61% in 2015, rendering its vendor landscape consolidated. These companies are Cyber Power Systems, Inc., Emerson Electric Co., Raritan, Server Technology, and Schneider Electric. Despite the prevailing consolidation, fierce rivalry exists among the market players, finds Transparency Market Research (TMR) in a new study. It is therefore observed that these companies are focusing on product development to cater to the dynamic consumer preference. Besides this, many of them are focusing on research activities, innovations, and exploring novel technologies to strengthen their foothold. As per TMR, the global power distribution unit market is expected to reach US$2.26 bn by the end of 2024. Its valuation in 2015 was US$1.14 bn and between 2016 and 2024, the market is expected to demonstrate a CAGR of 7.9%. Obtain Report Details @ https://www.transparencymarketresearch.com/pressrelease/power-distribution-unitmarket.htm In terms of revenue, the IT and telecom sector emerged dominant with a share of 31.3% in the overall market in 2015. Regionally, North America emerged dominant with a share of 35.7% in the global market in 2015. However, Asia Pacific is likely to showcase the most lucrative opportunities during the forecast period. The rising internet penetration is the key factor behind the spiraling number of internet users worldwide. According to the United Nations International Telecommunication Union, around 3.43 billion users were estimated in 2016 as compared to the 1 billion internet users in 2015. This shows the massive growth in the internet usage, which also implies the tremendous volume of data generated in the last decade. “With internet foraying in industries such as BFSI, IT & telecommunication, healthcare, and government, the demand for power distribution unit is unlikely to suppress in the coming years,� observed the TMR report’s author. Also these industries have shown keenness towards