Press release
Rapid Growth Of Data Centers Growth In Remote Power Panel Market: A Key Driver Powering Remote Power Panel Market Growth In 2025
Remote Power Panel
What Is the Current Remote Power Panel Market Size and Its Estimated Growth Rate?
The remote power panel market size 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 historic growth is attributed to increasing data center construction, the rise in cloud computing, growing demand for energy-efficient power distribution, decentralized power systems, and focus on reliable power infrastructure.
The remote power panel market is forecast to reach $1.48 billion by 2029, at a CAGR of 5.9%. Growth factors include the development of edge computing, expansion of 5G networks, and demand for modular power solutions. Trends include AI integration for predictive maintenance, smart RPPs, and wireless monitoring.
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How Are Emerging Segments Shaping the Remote Power Panel Market Landscape?
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), Information 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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Which Growth Factors Are Influencing Remote Power Panel Market Expansion?
The rapid expansion of data centers is expected to support the growth of the remote power panel market. Data centers are vital for storing and processing vast amounts of data, driven by digital transformation, cloud services, and the IoT. Remote power panels provide efficient power distribution to data center systems, improving control and reliability. According to the Electric Power Research Institute in May 2024, electricity consumption in U.S. data centers is expected to increase by 3.7% to 15% from 2023 to 2030. Thus, the growth of data centers is driving the remote power panel market.
Who Are the Dominant Players Across Different Remote Power Panel Market Segments?
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
What Trends Are Driving Growth in The Remote Power Panel Market?
Major Companies in the remote power panel market are developing advanced technologies like smart molded case circuit breakers (MCCBs) to improve energy management. In November 2023, ABB Ltd., a Switzerland-based automation company, launched the Protecta Power panel board, which incorporates digital monitoring and control technologies. It ensures stable power distribution in various buildings, featuring smart features like the Tmax XT MCCBs with built-in digital communication, protection, and control.
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Which Geographic Regions Are Expected to Dominate the Remote Power Panel Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Remote Power Panel Market?
2. What is the CAGR expected in the Remote Power Panel Market?
3. What Are the Key Innovations Transforming the Remote Power Panel Industry?
4. Which Region Is Leading the Remote Power Panel Market?
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