The North America Remote Power Panel Market would witness market growth of 4.5% CAGR during the forecast period (2023-2029).
RPPs enable the placement of electrical panels everywhere throughout the data center, as the name suggests. They connect to major sources and branch circuits to make power distribution easier for new construction, additions, or reconfigurations. For easy and seamless integration into the existing infrastructure of a data center, RPP units are kept in cabinets that have the same dimensions as other cabinets and server racks. They typically support numerous 225A or 400A electrical panels, with the option of adding additional panels for larger distribution capacities.
The most recent RPPs have sophisticated monitoring tools that let data center workers react fast to power problems that could damage equipment or result in downtime. In addition, some devices can be programmed to emit alerts when specific thresholds are reached and can be monitored and managed from a central dashboard.
The deployment of Fifth Generation (5G) networks will considerably advance the cellular industry in Canada, which is constantly developing. Furthermore, when 5G is used, cities and rural areas all around Canada will gain greatly economically and in terms of quality of life, demonstrating the potential influence it might have on the country if given the correct backing. Thus, the rise of the telecom industry brought on by the widespread use of 5G would considerably increase the industry's power consumption, increasing the demand to help the industry monitor and control its power usage, driving the market growth in the North America.
The US market dominated the North America Remote Power Panel Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $394.9 million by 2029. The Canada market is poised to grow at a CAGR of 6.9% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 5.9% 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 U.S., Mexico, Canada, and Rest of North America.
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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