Remote Power Panel Market by Type (Wall-mounted, Floor-standing), Application (Network Cabinets, Server Rooms, Data Centers (Cloud, Enterprise)) & Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2028
[188 Pages Report] The global remote power panel market is estimated to grow from USD 1.1 billion in 2023 to USD 1.4 billion by 2028; it is expected to record a CAGR of 4.8% during the forecast period. Data centers is one of the major application areas of remote power panels. Data centers would continue to grow by the explosive growth in data generation and storage requirements as a result of widespread adoption of the Internet of Things (IoT), digital technologies, automation, robotics, and artificial intelligence (AI) by business entities. Additionally, more and more businesses and organizations are moving their operations online. This is anticipated to enhance the remote power panel market size.
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Remote Power Panel Market Dynamics
Driver: Adoption of digital technologies in IT sector
The IT sector is rapidly growing owing to massive digitalization drive. There is an increasing adoption of cloud storage solutions to prevent data losses and ensure automatic data backups. The requirement for robust data centers is increasing with rapid advancements in the IT sector and the growing preference for digital technologies and cloud services. Investments toward digitalization are also creating multiple opportunities for data center investments. Such efforts are anticipated to drive the demand for RPPs as they provide a critical layer of redundancy and failover protection, help optimize power usage and reduce energy costs, and enable IT administrators to manage power usage from anywhere in the world.
Restraint: Technological advancements in power distribution systems will reduce the usage of RPPs
Nowadays, different power distribution structural designs using overhead busway distribution systems are increasingly being incorporated in data centers for power distribution, owing to their multiple benefits. Originally power distribution in data centers was followed as a standard industrial practice, wherein main power distribution units (PDUs) branch out to smaller remote power panels (RPPs) that feed power whips to racks. The replacement rate of components at the rack for power distribution requirements is high, which forces electricians to use new whips all the time, even when they are excessively heated. If a raised floor space is not available, then the installation cost of power whips can be higher, as they must be installed on a dedicated cable ladder/tray. This is reducing the need of PDUs and RPPs for power distribution.
Opportunities: Huge investments, along with enforcement of stringent standards, to reduce carbon footprint in data centers
Data centers are intense consumers of water and electricity and are responsible for significant carbon emissions. These developments give investors opportunities to secure data centers with carbon-free energy supplies. Measurement and monitoring of data center energy consumption is also gaining traction to enhance achieving sustainability goals. Rack PDUs, PDUs, bus drops, busway end feeds, remote power panels, UPS, and building meters help monitor power consumption and improve energy efficiency. RPPs allow data center operators to remotely monitor and manage power usage, enabling them to identify areas where energy is being wasted and make adjustments to reduce energy consumption. By using remote power panels to optimize energy usage, data centers can reduce their carbon emissions and environmental impact. This is particularly important as the demand for data storage and processing continues to grow and data centers become an increasingly important part of the global technology infrastructure.
Challenges: Entry barriers due to difficulty in complying with complex standards
Remote power panel vendors must comply with government regulations applicable for data center power equipment. Data centers must consume power according to the regulations provided by the International Organization for Standardization (ISO), the European Committee for Electrotechnical Standardization, the American National Standards Institute/Building Industry Consulting Services International (ANSI/BICSI). This has hindered the growth of the data center power market as most of the vendors prefer to consume power based on the requirement of data centers. New market entrants face difficulties in receiving accreditation while conforming to these standards.
Remote Power Panel Market Ecosystem
Leading companies in this market include well-established, financially secure producers of remote power panels. These corporations have been long operating in the market and have a differentiated product portfolio, modern manufacturing technologies, and robust sales and marketing networks. Major companies in this market include ABB (Switzerland), Schneider Electric (France), Toshiba International Corporation (Japan), Vertiv Group Corporation (US), and Socomec (France).
The network cabinets segment, by wall-mounted type, is expected to be the largest market during the forecast period.
This report analyzes the wall-mounted type market based on based on applications such as network cabinets, server rooms, and data centers. The network cabinets segment is expected to be the largest application of wall-mounted type remote power panels in the forecast period. The low footprint of wall-mounted remote power panels, and the lower capacity makes them ideal for smaller spaces like network cabinets. Additionally, their significantly low price provides an incentive for end users to adopt wall-mounted remote power panels in network cabinets.
By Application, the server rooms segment is expected to be the second fastest growing segment during the forecast period
This report segments the remote power panel market based on application into three segments: network cabinets, server rooms, and data centers. The server rooms segment is expected to be the second-fastest growing segment during the forecast period. Remote power panels can be configured to accommodate a range of power capacities, which makes them scalable and adaptable to changing power requirements without significant disruptions in server rooms. This flexibility is expected to bolster the segmental growth.
“Middle East & Africa”: The second-fastest in the remote power panel market”
Middle East & Africa is expected to be the second-fastest growing region in the remote power panel market between 2023–2028, preceded by the Asia Pacific, and followed by South America. Rising investments in hyperscale and colocation data center infrastructure and enhanced adoption of cloud computing and digitalization are the key factors fostering the growth of the remote power panel market in the Middle East & Africa.
Key Market Players
The remote power panel market is dominated by a few major players that have a wide regional presence. The major players in the market are Schneider Electric (France), ABB (Switzerland), Toshiba International Corporation (Japan), Vertiv Group Corporation (US), and Socomec (France). Between 2019 and 2023, strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to capture a larger share of the remote power panel market.
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Report Metric |
Details |
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Market size available for years |
2021–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD Million/Billion) |
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Segments covered |
Remote power panel market by type, and by application |
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Geographies covered |
Asia Pacific, North America, Europe, South America, and Middle East & Africa. |
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Companies covered |
Schneider Electric(France), ABB(Switzerland), Toshiba International Corporation(Japan), Vertiv Group Corporation(US), Socomec(France), Eaton(Ireland), Anord Mardix (Ireland), C&C Power, Inc. (US), Delta Group (Taiwan), Lutron Electronics Co., Inc. (US), Lyntec (US), LayerZero Power Systems, Inc. (Canada), Universal Power and Cooling (US), Raptor Power Systems (US), Jiangsu Acrel Electrical Manugfacturing Co., Ltd. (China), The EA Group, Hanley Energy (Irreland), Allied Power and Control (Germany), United Engineering Company, Inc. (India). |
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
Recent Developments
- In January 2023, Schneider Electric acquired AVEVA, a provider of industrial software solutions. The acquisition will enable both companies to digitally transform customers’ operations and drive improvements through a reduction in energy, carbon, and resource intensity, encouraging customers to achieve their goals regarding efficiency and sustainability.
- In September 2021, Flex acquired Anord Mardix to shift toward higher margin lines of business and offer data center power solutions. This acquisition will help Anord Mardix to accelerate growth in the data center market. Anord Mardix leveraged Flex’s global footprint and supply chain to establish itself as quality provider across regions.
- In September 2021, ABB reached an agreement to sell the Power Conversion division to AcBel Polytech Inc. The transaction is subject to regulatory approvals and is expected to be completed in the second half of 2023. This segment offers power solutions for telecommunication, data center, and industrial applications. Upon closing, ABB expects to record a small non-operational book gain in income from operations on the sale.
- In August 2020, Schneider Electric launched the Galaxy RPP. Galaxy RPP products are highly configurable and modular. It also offers anytime, anywhere monitoring and service support via cellphone. They are easy to install and maintain due to their compact design. The products compleiments all 75–500 kVA PDUs.
Frequently Asked Questions (FAQ):
What is the current size of the remote power panel market?
The current market size of the remote power panel market is USD 1.1 billion in 2023.
What are the major drivers for the remote power panel market?
Digitalization of industrial processes and offices, cloud computing and investments in data center infrastructure are the major driving factors for the remote power panel market.
Which is the largest region during the forecasted period in the remote power panel market?
North America is expected to dominate the remote power panel market between 2023–2028, followed by Asia Pacific and Europe. Rising urbanization and data center demand with increased data capacity are driving the market for this region.
Which is the largest segment, by type during the forecasted period in the remote power panel market?
The floor-standing segment is expected to be the largest market during the forecast periodowing to their larger and more robust designs than wall-mounted panels, which accommodates more circuit breakers and other electrical components.
Which is the fastest segment, by the application during the forecasted period in the remote power panel market?
The data center segment is expected to be the fastest growing market during the forecast period due to the massive adoption of cloud computing, that is giving rise to development of hyperscale, colocation, and edge cloud data centers.
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The study involved major activities in estimating the current size of the remote power panel market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
This research study on the remote power panel market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect information useful for a technical, market-oriented, and commercial study of the remote power panel market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The remote power panel market comprises several stakeholders such as remote power panel manufacturers, manufacturing technology providers, and technical support providers in the supply chain. The demand side of this market is characterized by the rising demand for remote power panel in data center, network cabinets, and server rooms applications. The supply side is characterized by rising demand for contracts from the industrial sector, and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the remote power panel market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
- The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Remote power panel Market Size: Tow-Down Approach
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Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
Market Defenition
A remote power panel (RPP) connects power distribution extensions from power distribution units (PDUs) or other power sources to server racks. Remote power panels can be seamlessly integrated into modern state-of-the-art data centers as advantageous modular systems. Maintaining an operational power chain is vital to protect servers from going offline. RPPs help increase power distribution capacity irrespective of the power distribution configuration in a data center.
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
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 market
- To provide a detailed overview of the supply chain, patent analysis, and Porter’s five forces in the market
- To strategically analyze the 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 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
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Product Analysis
- Product Matrix, which provides a detailed comparison of the product portfolio of each company
Company Information
- Detailed analyses and profiling of additional market players
Generating Response ...
Growth opportunities and latent adjacency in Remote Power Panel Market