Report: IT Rack And Rack PDU Markets To Be Worth A Combined $2.5 Billion In 2016
Unit shipments of IT racks and enclosures are mainly driven by new data center construction.
According to the most recent data releases from IHS, the global IT rack and enclosure market is expected to grow 4.7% in 2016 to reach $1.5 billion while the global rack PDU market is forecast to grow 5.6% to reach $999 million. Both markets have been and continue to be negatively affected by the slowness in the markets in Russia, the Middle East, and Brazil due to their respective economic and political struggles. Uncertainty surrounding the impact that Brexit will have on the economies of the UK, and the Eurozone as a whole, is expected to negatively affect market growth through 2017.
Unit shipments of IT racks and enclosures are mainly driven by new data center construction. However, revenue growth rates are predicted to be higher than unit growth rates because of shifts to products with larger dimensions, to premium models over basic models, and increased sales of accompanying airflow and cable management accessories, which customers often want integrated into the rack prior to shipping.