Global Remote Power Panel Market Insights Forecasts to 2033

• The Global Remote Power Panel Market Size was Valued at USD 1.23 Billion in 2023
• The Market Size is Growing at a CAGR of 4.17% from 2023 to 2033
• The Worldwide Remote Power Panel Market Size is Expected to Reach USD 1.85 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Remote Power Panel Market Size is Anticipated to Exceed USD 1.85 Billion by 2033, Growing at a CAGR of 4.17% from 2023 to 2033.

Market Overview

An advanced electrical distribution system called a remote power panel (RPP) is made to effectively control and distribute electricity in various settings, including data centers, manufacturing plants, and commercial buildings. To back mission-critical equipment and procedures, it spreads the key power supply panel by providing improved volume and restricted power delivery. The capability to certify constant power supply, sustain ideal equipment performance, and encourage energy effectiveness in various applications are the importance of remote power panels. Simultaneously, the main reason for the potential growth of remote power panels is the increasing number of data centers. Data centers generate a lot of carbon emissions and use a lot of power and water. Due to these developments, investors may now use carbon-free energy sources to safeguard data centers. Moreover, growing digitalization and flow in IP traffic increase the requirement for remote power panels for easy access. In small and medium-sized companies, the noteworthy demand for remote power panels is driven by hi-tech developments like machine learning and artificial intelligence, along with the universal acceptance of digital machinery. Assessment and monitoring of data center energy use are becoming more widespread to better meet sustainability targets. Data center managers may remotely control and observe power usage using RPPs, which enables them to spot areas of energy waste and make adjustments to lower energy usage.

Report Coverage

This research report categorizes the market for the global remote power panel market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global remote power panel market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global remote power panel market.

Driving Factors

The rapid expansion of data centers, cloud computing, edge computing, and the Internet of Things (IoT) has raised the demand for efficient and intelligent power management systems. Power distribution systems may be remotely monitored and managed by IT administrators and data center managers to optimize energy efficiency, provide a consistent power supply, and promptly handle issues. Furthermore, the rise of edge computing and IoT connections has rendered remote power panels indispensable for managing power distribution in numerous isolated locations where a stable power source is required to run mission-critical services and applications. Furthermore, the combination of digital technologies and remote power panels has enabled automation, smart grid integration, and preventative maintenance methods. Businesses that remotely monitor their electrical infrastructure and carry out predictive maintenance may proactively identify and fix potential issues, reducing downtime and improving system reliability. Because remote power panels can fulfill the increasing power management needs of modern data centers and distributed computing environments, the market is well-positioned for continued expansion as digitalization changes the IT landscape. Companies are beginning to understand how important it is to safeguard their essential infrastructure in light of the increase in cyberattacks and data breaches.

Restraining Factors

The high initial cost of remote power panels might be a market constraint. This is because purchasing and installing remote power panels may be costly, which may prevent certain businesses, especially small and medium-sized ones, from entering the market. The high cost of remote power panels may be attributed to several factors, including the utilization of high-quality components, intricate manufacturing procedures, and the necessity of specialized skills and expertise for installation and setup.

Market Segmentation

The global remote power panel market share is classified into type, application, and end user.

• The floor-standing remote power panels is expected to hold the largest market share during the forecast period.

Based on the type, the global remote power panel market is divided into floor-standing, and wall-mounted. Among these, the floor-standing remote power panels is expected to hold the largest market share during the forecast period. The installation of floor-standing remote power panels can be done either directly on the ground or on a pedestal. The larger capacity of these heavy-duty units allows them to house more circuit breakers and other electrical components inside an enclosed building.

• The data centers accounted for the largest market share during the forecast period.

Based on the application, the global remote power panel market is divided into commercial buildings, data centers, and hospitals. Among these, the data centers accounted for the largest market share during the forecast period. Because digital data consumption and storage requirements are growing exponentially, data centers are becoming more and more vital. They require superior power distribution methods, including remote power panels, to reduce the amount of time that vital IT equipment is unavailable. Hospitals need a steady supply of electricity to run their vital medical devices and provide patient care. By prioritizing vital loads, RPPs provide efficient power management solutions that lower the possibility of failures or disturbances during medical operations.

• The IT & telecom segment is expected to hold the major market share during the forecast period.

Based on the end user, the global remote power panel market is divided into BFSI, IT & telecom, healthcare, government & defense. Among these, the IT & telecom segment is expected to hold the major market share during the forecast period. This is due to increasing online activities like online shopping, that generate lots of customer data. IT & telecom sector companies require data centers to deliver fast and consistent communication facilities to customers. In this case, remote power panels provide effective administration and control of power distribution, enable remote monitoring and troubleshooting, lessen the need for on-site interventions, increase energy efficiency, and improve the overall dependability of the power infrastructure of the data center.

Regional Segment Analysis of the Global Remote Power Panel Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to account for the greatest market share during the forecast period.

North America is anticipated to account for the greatest market share during the forecast period. One of the main reasons fueling the need for remote power panels in the North American area is the growing remodeling and upgrading operations of the current infrastructure. Remote power panels provide an affordable way to optimize and upgrade electricity distribution networks without requiring significant alterations to the existing infrastructure. Furthermore, the region's industry is expanding because of the growing use of smart grid technologies, which offer centralized monitoring and management and optimize electricity distribution networks. In addition, the region's market is being favorably impacted by the expanding data center operations for effective power management, which guarantees high availability, scalability, and dependability of infrastructure in data centers.

Asia Pacific region is the fastest-growing region during the forecast period. Numerous factors contribute to this, including the region's rapidly expanding IT and telecom industries, the growing demand for remote power panels in industrial and cloud computing applications, the growing emphasis on energy efficiency in the region, and the growing need for redundancy and reliability in power supply. The necessity for remote power panels in data centers and server rooms is driven by the region's fast-growing telecom and IT sectors. Furthermore, the necessity for remote power panels in cloud computing and industrial applications is growing in the region. The importance of energy efficiency is beginning to be recognized in the sector, and remote power panels can contribute to increased energy efficiency in a variety of applications.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global remote power panel market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ABB Ltd
• Allied Power and Control
• Altruent Systems, Anord Mardix
• C&C Power Inc.
• Danfoss Group, Daxten
• Delta Electronics, Inc.
• Eaton Corporation PLC
• Emerson Electric Co.
• Fuji Electric Co., Ltd.
• Hitachi, Ltd.
• Larsen & Toubro Limited
• Legrand
• Leviton Manufacturing Co., Inc.
• Lowell Manufacturing
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2023, A company called AVEVA, which created industrial software solutions, was acquired by Schneider Electric. Through the acquisition, both companies will be able to assist clients in achieving their efficiency and sustainability goals by reducing energy, carbon, and resource intensity.

• In January 2023, The EPM 8000 remote power panel was introduced by Eaton. The new device is meant to be used in industrial settings. The EPM 8000 includes several features that are easy to install and maintain and can help improve power reliability and efficiency.

• In September 2021, Flex acquired Anord Mardix to concentrate on higher-margin business segments and offer data center power solutions. This acquisition will enable Anord Mardix to expand in the data center sector more rapidly. Anord Mardix positioned itself as a dependable supplier globally by utilizing Flex's vast global network and supply chain.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global remote power panel market based on the below-mentioned segments: 

Global Remote Power Panel Market, By Type

• Floor-standing
• Wall-mounted

Global Remote Power Panel Market, By Application

• Commercial Buildings
• Data Centers
• Hospitals

Global Remote Power Panel Market, By End User

• BFSI
• IT & Telecom
• Healthcare
• Government & Defense

Global Remote Power Panel Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa