Power Distribution & UPS
Power distribution infrastructure inside data centers. UPS (Uninterruptible Power Supply), PDU (Power Distribution Unit), and busway are essential in high-density rack environments. Vertiv and Eaton dominate the global market, with order backlogs at all-time highs.
Investment Confidence
Theme Analysis
Key Drivers
- AI server rack power density at 100kW+
- 48V architecture transition
- Vertiv order backlog $7B+
- Hyperscaler DC construction rush
Risk Factors
- Supply chain bottlenecks (specialty components)
- Intensifying competition (Schneider, ABB)
- Rising raw material costs
- Demand volatility
Catalysts
- Vertiv/Eaton earnings surprises
- Big tech DC construction plan upgrades
- 48V architecture adoption expansion
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