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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Schneider Electric is a multinational corporation that specializes in energy management and automation solutions. Schneider Electric provides products and services in several areas, including power management, building automation, industrial automation, and energy efficiency.
The company operates its business under two segments namely Energy Management and Industrial Automation. Remote Power panels are offered under Energy Management segment. One of the products within the energy management segment is Schneider Electric's remote power panels. Remote power panels are used to distribute power from the main electrical switchgear to the end-user equipment.
ABB is a operates its business through its four business segments, namely. Electrification, Motion, sProcess Automation, and Robotics & Discrete Automation. The company offers its remote power panels under electrification segment. ABB's remote power panels are part of its portfolio of power distribution and management solutions in the electrification segment. Remote power panels are used to distribute electrical power from a central location to various areas or loads within a building or facility.
Toshiba International Corporation is a leading provider of energy and infrastructure solutions, including power generation, transmission and distribution systems, and industrial products. The company serves customers in various industries, including oil and gas, mining, chemicals, power generation, and manufacturing. Toshiba's RPPs are available in various configurations, including wall-mount, floor-mount, and overhead-mount, and can be customized to meet specific customer requirements.
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
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