Remote Power Panel Market Report 2024

This Remote Power Panel market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The remote power panel market size has grown strongly in recent years. It will grow from $1.05 billion in 2023 to $1.11 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The increase observed during the historical period can be linked to the rising construction of data centers, the expansion of cloud computing, the demand for energy-efficient power distribution, the transition towards decentralized power systems, and the intensified emphasis on dependable power infrastructure.

The remote power panel market size is expected to see strong growth in the next few years. It will grow to $1.4 billion in 2028 at a compound annual growth rate (CAGR) of 6%. The anticipated growth during the forecast period is expected to result from the advancement of edge computing, the proliferation of 5G networks, a heightened emphasis on green data centers, increased investments in smart grids, and a rising demand for modular power solutions. Key trends during this forecast period include the incorporation of AI for predictive maintenance, the implementation of smart RPPs with real-time analytics, the creation of portable RPP solutions, an increasing preference for wireless monitoring, and the transition to fully automated power distribution systems.

The rapid expansion of data centers is anticipated to drive the growth of the remote power panel market in the future. A data center is a facility that accommodates computer systems and related components, such as storage and networking equipment, designed to store, manage, and process vast amounts of data for various applications and services. The rise of data centers is largely due to the acceleration of digital transformation, increased demand for cloud services, big data analytics, and the growth of the Internet of Things (IoT), all of which require substantial data storage and processing capabilities. Remote power panels in data centers efficiently distribute electrical power to different systems and equipment, enhancing control, monitoring, and reliability to ensure uninterrupted operations. For example, in May 2024, the Electric Power Research Institute reported that annual electricity consumption in U.S. data centers is expected to grow between 3.7% and 15% from 2023 to 2030, driven by factors such as AI adoption and improvements in data center efficiency, with power usage anticipated to range from 4.6% to 9.1%. Thus, the rapid growth of data centers is fueling the remote power panel market's expansion.

Leading companies in the remote power panel market are developing innovative technologies such as smart molded case circuit breakers (MCCBs) to improve energy management. Smart MCCBs are advanced circuit breakers that automatically disconnect circuits during overloads or short circuits and feature enhanced digital communication and monitoring capabilities. For instance, in November 2023, ABB Ltd., a Switzerland-based automation machinery firm, introduced the Protecta Power panel board. This state-of-the-art panel board incorporates advanced digital monitoring and control technologies, providing flexible power distribution for commercial, industrial, and institutional buildings. The Protecta Power panel ensures stable and reliable power distribution, featuring smart elements such as Tmax XT molded case circuit breakers, which come equipped with built-in digital communication, protection, and control functionalities.

In September 2023, RSGx, an Australia-based mechanical and electrical construction company, acquired Allied Power for an undisclosed amount. This acquisition highlights RSGx's commitment to enhancing its capabilities in power transmission infrastructure and addressing the increasing demand for decarbonization and renewable energy projects in Western Australia. Allied Power is an Australia-based provider of remote power panels.

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.

North America was the largest region in the remote power panel market in 2023. 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.

The countries covered in the remote power panel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A remote power panel (RPP) is an electrical distribution unit commonly utilized in data centers and other vital power settings. It facilitates the distribution of electricity from the primary power source to various equipment situated throughout a facility. The RPP ensures circuit protection, monitoring, and control, enabling efficient and safe power distribution to remote areas within the facility.

There are two primary types of remote power panels floor-standing and wall-mounted. A floor-standing RPP is intended for placement on the floor, providing a stable and larger unit for distributing electrical power within facilities. It serves multiple applications, including network cabinets, server rooms, and data centers, catering to various end-users such as banking, financial services, and insurance (BFSI), information technology (IT) and telecommunications, healthcare, government, and defense sectors.

The remote power panel market research report is one of a series of new reports that provides remote power panel market statistics, including remote power panel industry global market size, regional shares, competitors with a remote power panel market share, detailed remote power panel market segments, market trends and opportunities, and any further data you may need to thrive in the remote power panel industry. This remote power panel market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The remote power panel (RPP) market consists of revenues earned by entities providing services such as the manufacturing, installation, monitoring, and maintenance of remote power panels. The market value includes the value of related goods sold by the service provider or included within the service offering. The remote power panel (RPP) market also includes sales of hardware components such as circuit breakers, power distribution units, and monitoring systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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