What is the current size and annual growth rate of the remote power panel market?
The remote power panel market size has grown strongly in recent years. It will grow from $1.11 billion in 2024 to $1.18 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increasing data center construction, the rise in cloud computing, the growing demand for energy-efficient power distribution, the shift towards decentralized power systems, and the heightened focus on reliable power infrastructure.
The remote power panel market size is expected to see strong growth in the next few years. It will grow to $1.48 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to the development of edge computing, the expansion of 5G networks, increasing focus on green data centers, rising investments in smart grids, and growing demand for modular power solutions. Major trends in the forecast period include the integration of AI for predictive maintenance, adoption of smart RPPs with real-time analytics, development of portable RPP solutions, growing preference for wireless monitoring, the shift to fully automated power distribution systems.
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Which major factors have contributed to the expansion of the remote power panel market?
The rapid growth of data centers is expected to propel the growth of the remote power panel market going forward. A data center is a facility that houses computer systems and associated components like storage and networking equipment, designed to store, manage, and process large amounts of data for various applications and services. The growth of data centers is rising due to the surge in digital transformation, increased demand for cloud services, big data analytics, and the expansion of the Internet of Things (IoT), which all require significant data storage and processing capabilities. Remote power panels in data centers distribute electrical power efficiently to various systems and equipment, providing better control, monitoring, and reliability for uninterrupted operations, ensuring the facility runs smoothly. For instance, in May 2024, according to the Electric Power Research Institute, a US-based non-profit organization, annual electricity consumption in U.S. data centers from 2023 to 2030 is projected to grow between 3.7% and 15%, driven by factors such as AI adoption and data center efficiency improvements, with power usage ranging from 4.6% to 9.1%.Therefore, the rapid growth of data centers is driving the growth of the remote power panel market.
How is the remote power panel market segmented?
The remote power panelmarket covered in this report is segmented –
1) By Type: Floor-Standing, Wall-Mounted
2) By Application: Network Cabinets, Server Rooms, Data Centers
3) By End-User: Banking, Financial Services, And Insurance (BFSI), IT & Communication Technology (IT) And Telecommunications, Healthcare, Government And Defense
Subsegments:
1) By Floor-Standing: Single-Phase Floor-Standing Panels, Three-Phase Floor-Standing Panels, Custom Floor-Standing Panels
2) By Wall-Mounted: Single-Phase Wall-Mounted Panels, Three-Phase Wall-Mounted Panels, Compact Wall-Mounted Panels
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Who are the top competitors in the remote power panel market?
Major companies operating in the remote power panel market are Siemens AG, Schneider Electric SE, ABB Ltd., Toshiba International Corporation, Eaton Corporation plc, Emerson Electric Co., Delta Electronics Inc., Legrand, Vertiv Holdings LLC, Rittal Pvt. Ltd., Lyntec, INDUSTRIAL ELECTRIC MFG, LayerZero Power Systems Inc., Hanley Energy LLC, C&C Power Inc., Alpha Technologies Inc., The EA Group, Raptor Power Systems, Jiangsu Acrel Electrical Manufacturing Co. Ltd., PwrQ
Which key trends are expected to influence the remote power panel market in the coming years?
Major companies operating in the remote power panel market are developing innovative technologies such as smart molded case circuit breakers (MCCBs) to enhance energy management. Smart MCCBs are advanced circuit breakers that automatically shut off circuits during overloads or short circuits, with added digital communication and monitoring features. For instance, in November 2023, ABB Ltd., a Switzerland-based automation machinery company, launched the Protecta Power panel board. This advanced panel board integrates cutting-edge digital monitoring and control technologies to enhance flexible power distribution in commercial, industrial, and institutional buildings. The Protecta Power ensures stable and reliable power distribution with smart features such as the Tmax XT molded case circuit breakers, which offer built-in digital communication, protection, and control.
Which regional trends are influencing the remote power panel market, and which area dominates the industry?
North America was the largest region in the remote power panel market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the remote power panel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Remote Power Panel Market Report 2025 Offer?
The remote power panel market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A remote power panel (RPP) is an electrical distribution unit typically used in data centers and other critical power environments. It extends the distribution of power from the main power source to various equipment located throughout a facility. The RPP provides circuit protection, monitoring, and control, allowing power to be distributed efficiently and safely to remote locations within the facility.
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