Remote Power Panel Market: Everything You Need To Know By 2028

Global Remote Power Panel Market Scenario

The global remote power panel market is projected to reach USD 1.4 billion by 2028 from an estimated USD 1.1 billion in 2023, at a CAGR of 4.8% during the forecast period. Factors such as increased investments in colocation and hyperscale data centers which is driving the need for power distribution components for proper functioning and monitoring.

The remote power panel market is served by a mix of large international players with global operational presence and local players with a strong domestic supply network. Hitachi Energy (Switzerland), Siemens (Germany), General Electric (US), Schneider Electric (France), and Mitsubishi Electric (Japan) are the market leaders in the global remote power panel market. These companies use strategies such as product launches, mergers, acquisitions to increase their market share.

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This research report categorizes the remote power panel market by component, power source, application, and region.

By type:

  • Wall-mounted
  • Floor-standing

By application:

  • Data centers
  • Network cabinets
  • Server rooms

By region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

The growth of the remote power panel market can be attributed to the development of data centers across major countries in North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Key Stakeholders

  • Associations, forums, and alliances related to remote power panels.
  • Consulting companies in the energy sector
  • Government and research organizations
  • Power companies
  • Power equipment manufacturing companies.
  • Data center power organizations, forums, alliances, and associations
  • Public and private power generation, transmission, and distribution companies
  • State and national regulatory authorities
  • Energy management companies
  • Government & research organizations
  • OEMs
  • Power distribution infrastructure installation service providers
  • Remote power panel tools and equipment manufacturers
  • Power Solutions’ software providers
  • IT infrastructure equipment providers
  • Support infrastructure equipment providers
  • Cloud providers
  • Colocation providers

North America is expected to be the largest region in the remote power panel market

North America is expected to be the largest remote power panel market during the forecast period. The data center industry in North America is constantly evolving, with new developments and emerging trends emerging. Some key trends such as the growing number of hyperscale, edge computing, and modular data centers drive the market for remote power panels with the rising need for effective power distribution.

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Objectives of the Study

  • To define, describe, segment, and forecast the remote power panel market based on type, and application, in terms of value
  • To describe and forecast the market for various segments with respect to five main regions (along with respective countries), namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa, in terms of value
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the remote power panel market
  • To provide a detailed overview of the supply chain, patent analysis, and Porter’s five forces in the remote power panel market
  • To strategically analyze the remote power panel market with respect to individual growth trends, prospects, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders by identifying high-growth segments and detailing the competitive landscape in the remote power panel market
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies*
  • To track and analyze competitive developments such as sales contracts, acquisitions, collaborations, partnerships, agreements, and expansions in the remote power panel market