Research firm Technavio forecasts an 8% increase in the global market for intelligent power distribution between 2019 and 2023.
The year-on-year growth rate for 2019 is expected to reach 7.29% with incremental revenue growth expected to reach $833 million.
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A key driver for market growth is the increasing investments in data centres.
Data centres will invest large amounts of money in intelligent power distribution systems to operate continuously and prevent blackouts.
The growing demand for customised intelligent power distribution units will also positively impact the market.
“Apart from the growing demand for customised intelligent PDUs, the increase in mergers and acquisitions and the shift to high-density outlet technology PDUs are some major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
The market is moderately concentrated with a few players occupying the market share.
41% of the growth is expected to come from North America, whilst the APAC region is expected to register the highest incremental growth due to the exponential increase in data traffic resulting from the rapid increase in internet and smartphone penetration in the region.