The Asia Pacific Remote Power Panel Market would witness market growth of 5.9% CAGR during the forecast period (2023-2029).
The market is being stimulated by the rising popularity of cloud computing, which demands a high degree of dependability and accessibility. Critical systems can continue to function even during a power outage with the assistance of these panels. The growing need for energy-efficient solutions and the increased emphasis on renewable energy sources are further factors propelling the market. Remote power panels can integrate with renewable energy sources like solar and wind power and help to optimize power utilization and prevent energy waste.
The PDU for the company may have more than enough power, but it lacks additional breaker or panelboard capacity. An RPP offers circuit (or pole) capacity to increase its server capacity without additional PDUs. It is powered via a single PDU subfeed or 208V distribution panel. Due to the heat, they produce, PDUs are typically installed outside of the server room. RPPs lower cooling requirements by acting as distribution extensions of PDUs in the server room. RPPs are both architecturally and in terms of footprint compatible with server rack designs. RPPs can be practically anywhere on the server room floor and are flexible enough to accommodate different equipment layouts. In addition, RPPs, RPP panelboards, or specific circuits can be turned off for maintenance while the corresponding PDU is still running.
Mobile data and fixed broadband service sector contributions will be the main sources of support for this increase. The national broadband network (NBN) project, which aims to increase fiber connectivity throughout the nation, will be the main driver of this growth. This project will also lead to a rise in the use of high-speed fiber broadband services and the adoption of 5G services, which will be aided by major telecom firms' expansion of 5G networks. Thus, the robust growth of the telecom industry due to rising consumer demands and other factors is expected to boost the utilization of these panels to manage and control power consumption, leading to the market expansion in Asia Pacific.
The China market dominated the Asia Pacific Remote Power Panel Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $118.7 million by 2029. The Japan market is experiencing a CAGR of 5.3% during (2023 - 2029). Additionally, The India market would display a CAGR of 6.6% during (2023 - 2029).
Based on Type, the market is segmented into Floor Standing and Wall Mounted. Based on Application, the market is segmented into Data Centers, Network Cabinets and Server Rooms. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Remote Power Panel Market is Projected to reach USD 1.5 Billion by 2029, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Eaton Corporation PLC, Toshiba Corporation, Lyntec, Vertiv Holdings Co., Schneider Electric SE, Delta Electronics, Inc., Anord Mardix (Flex Ltd.), Lutron Electronics Co., Inc. and Socomec.
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