The Europe Remote Power Panel Market would witness market growth of 5.0% CAGR during the forecast period (2023-2029).
One of the main industries where remote power panels are used is the data center industry. As a result of business entities' broad embrace of the Internet of Things (IoT), digital technologies, automation, robots, and artificial intelligence (AI), data centers will continue to expand due to the explosive expansion in data generation and storage requirements. Furthermore, many companies and organizations are transferring their operations online. As a result, the market size is expected to increase.
The market offers power distribution solutions for a number of sectors, like healthcare, telecommunications, and others. Remote power panels (RPPs) are a dependable and effective approach to managing power distribution since they are used to deliver electrical power from a central place to numerous points of usage.
Data centers support innovations that reduce the carbon intensity of the local economy, such as smart metering, teleworking, intelligent transportation, and e-commerce. It combines computing tasks into specially designed facilities that efficiently manage IT operations for businesses and governments. A noticeable trend has been toward more data centers being deployed in the UK. This incidence is related to the growing end-user adoption of emerging technologies like AI, big data, and blockchain, as well as most organizations' growing acceptance of the cloud. The nation's large client base and technical innovators support this trend. As a result, more data centers will be built owing to the advancing digitalization and 5G trends, increasing the adoption of remote power panels and fueling market growth in Europe.
The Germany market dominated the Europe Remote Power Panel Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $99.5 million by 2029. The UK market is exhibiting a CAGR of 4.1% during (2023 - 2029). Additionally, The France market would showcase a CAGR of 5.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
By Type
By Application
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
