The remote power panel market made about USD 1,248.2 million in 2023, and it will power at a rate of 5% by the end of this decade, touching USD 1,734.7 million by 2030.
This is credited to the snowballing count of data centers and corporate offices with the increasing level of development at a global level. Remote power panels are used in data centers because they offer local power straight to server racks, with additional control.
These power panels are vital for industrial automation as they provide improved control over the production machinery, therefore letting manufacturers to define, establish, and meet the objectives of production.
The wall-mounted category also makes substantial revenue. This is because these alternatives are small and therefore, take a smaller amount space and are extensively used in network cabinets. Furthermore, their lower cost than further alternatives make them prevalent across industries.
Server rooms also has a considerable share as these spaces offer a central point for establishments for managing their network server resources. Remote power panels offer power distribution extensions from the electricity source straight to server racks, with quite a lot of benefits, such as a high distribution capacity and decreased cooling need.
Fundamentally, the rising internet use is powering the count of servers, which, is pushing the necessity for efficient distribution of electricity in server rooms.
North America has the largest share in the remote power panel market, and it will power at a rate of 5.2% in the years to come. This has a lot to do with the growing use of data centers and IoT technologies, rising IT & telecom sector, and existence of key cloud service providers. Furthermore, North America is a tech advanced region with a robust industrial base and consequently, has a numerous colocation amenities and data center clusters providing related services.
It is because of the rising number of data centers all over the world, the demand for remote power panels is on the rise. This trend will continue in the years to come as well.
