Remote Power Panel Market Surge: Data Center Growth Fuels Demand
The Remote Power Panel Market is experiencing significant growth as global data center expansion accelerates. Valued at USD 1,161 Million in 2023 , the market is projected to reach USD 1,775 Million by 2030 , growing at a CAGR of 5.9% between 2024 and 2030. This growth is largely driven by the increasing demand for scalable and reliable power distribution systems in large IT infrastructures. Remote power panels (RPPs) serve a critical role in providing flexible, space-efficient power distribution for high-density computing environments. As companies increasingly rely on cloud computing, IoT devices, and AI-powered applications, the need for uninterrupted power supply and remote monitoring has become paramount. Another major growth contributor is the rise of modular and prefabricated data centers, especially in regions like Asia-Pacific. According to the RPP Market analysis, floor-standing units dominate due to their high adaptability and robust performance in diverse environments. ...