The data center rack PDU market will register a CAGR of almost 8% by 2023
LONDON, Jan. 17, 2019 /PRNewswire/ -- About this market
The growing interest in green data centers to gain traction in the market. Growing interest in green data centers reduces the carbon footprint by using rack PDU products that are more efficient in monitoring and managing power use. Thus, the establishment of green data centers will have a positive impact on the global data center rack PDU market also during the forecast period. Technavio's analysts have predicted that the data center rack PDU market will register a CAGR of almost 8% by 2023.
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Market Overview
Increasing investments in data center construction
The data centers have become an integral part of every organization. The increasing interest in cloud computing will further drive the need for data centers.
Increased power consumption in racks
Data centers need continuous power supply for the servers and storage devices to facilitate seamless operations. This increases the load on these rack PDUs which is quite
For the detailed list of factors that will drive and challenge the growth of the data center rack PDU market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Schneider Electric and Vertiv the competitive environment is quite intense. Factors such as the rising investments in data center construction and the growing interest in green data centers, will provide considerable growth opportunities to data center rack PDU manufactures. Cyber Power Systems, Eaton, Legrand, Schneider Electric, and Vertiv are some of the major companies covered in this report.
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