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Power Distribution Unit Market Size and Forecast 2029 | TechSci Research
Global Power Distribution Unit Market was valued at USD 4.8 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.3% through 2029. Increasing consumer demand for uninterrupted power supply and high internet connectivity can spur the demand for Power Distribution Units. Integration of automation in industrial sectors to tackle power outage and optimize control of machines via remote-controlled switches can augur well for the global market. Furthermore, rapid advancements in technology, such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics, are expected to further enhance the capabilities of SPDS, leading to more efficient grid operations and improved customer service.
Key Market Players
General Electric Company
ABB Ltd.
Siemens AG
Schneider Electric SE
Aclara Technologies LLC
Honeywell International Inc.
Tech Mahindra Limited
Oracle Corporation
Eaton Corporation
Itron Inc.
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Search for Power Distribution Unit Market Size and Forecast 2029 | TechSci Research in the web..
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