Remote Power Panel Market Soaring at 4.8% CAGR to Reach 1.4 Billion USD by 2028

The global remote power panel market is projected to reach USD 1.4 billion by 2028 from an estimated USD 1.1 billion in 2023, at a CAGR of 4.8% during the forecast period. Remote power panels play an important role in data centers by providing power distribution and monitoring capabilities. These data centers typically feature remote power panels that can be easily configured and monitored from a central location. This allows organizations to quickly and easily scale their IT infrastructure to meet ever-changing demand while also reducing the cost and complexity of managing their data centers.

Key Market Players:

Major companies in this market include ABB (Switzerland), Schneider Electric (France), Toshiba International Corporation (Japan), Vertiv Group Corporation (US), and Socomec (France).

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Some key trends in such as the growing number of hyperscale, edge computing, and modular data centers drive the market for remote power panels with the rising need for effective power distribution. As privatization of the industrial sector increases, investments in data centers are also surging in the region.  Power distribution units are solutions for continuous power supply to firms. Such factors drive the remote power panel market.

This report segments the remote power panel market based on type into two types: wall-mounted, floor-standing. By Type, Wall-mounted is the second largest segment in the remote power panel market. Wall-mounted panels can be mounted flush with the wall, making them less intrusive and more aesthetically pleasing than floor-mounted panels. Wall-mounted panels are commonly used in network cabinets and server rooms to distribute power to equipment. These features are driving the segment.

This report segments the remote power panel market based on application into three segments: data centers, server rooms, and network cabinets. Data centers is expected to be the fastest growing segment in the market. Remote power panels can be integrated with power management software, which enables remote monitoring and control of power usage. This allows data centers to optimize energy usage and reduce costs by identifying underutilized devices or identifying areas where power usage can be reduced.

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“Middle East & Africa”: The second-fastest in the remote power panel market”

Middle East & Africa is expected to be the second-fastest growing region in the remote power panel market between 2023–2028, preceded by the Asia Pacific,  and followed by South America. Rising investments in hyperscale and colocation data center infrastructure and enhanced adoption of cloud computing and digitalization are the key factors fostering the growth of the remote power panel market in the Middle East & Africa.

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Portable Generator Market Size will Escalate Rapidly in the Near Future

The global Portable generators market is expected to grow at a CAGR of 6.0% during the forecast period, from an estimated USD 2.2 Billion in 2022 to USD 2.9 Billion in 2027.

Electricity transmission and distribution is the backbone for the power infrastructure in the country. Transmission systems that are not properly upgraded cannot sustain additional power burden and, in some cases, can also lead to the failure of the system, causing power outage. The rising urban population is creating opportunities for the development of smart cities, which ultimately is driving the demand for portable generators on a larger scale. Another factor driving the market is the demand for reliable power supply.

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By integrating the advantages of gas and diesel generators, dual fuel generators increase the dependability of standby power systems.   To overcome diesel engine emission restrictions and rising operating costs, several generator manufacturers are implementing dual fuel technology. Dual fuel generators are thus taking the place of conventional diesel generator sets. Hybrid generators, which are essentially combustion engines coupled with a battery, are offered from manufacturers. When the load is high, these hybrid gensets directly power the engine; when the load is low, the battery powers the engine. They have a number of advantages over conventional gensets, including a reductions in running time, fuel consumption, and noise.

Apart from the rural electrification programs, In the developed/developing regions, the countries are experiencing blackouts and voltage fluctuations due to mismatch in the power demand and supply to these countries. Portable generators are used across various end users such as residential, commercial, and industrial. Gensets are deployed across industrial spaces and construction sites to adequately power on-site equipment and tools.

The increased instances of environment disruptions like hurricanes, floods and thunderstorm create power cut offs for long hours thus the emergency segment of this portable generator market is hiking. The power outage due to some disturbances in the power supply network also created the need for portable generators and thus enhance its emergency segment. The portable generators market is being segmented under two major heads that are emergency and prime/continuous. The global market is being dominated by the emergency segment due to its long backup hours of more than 10 hours which is a good suit for its end users.

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The emergency segment accounted for a 71.7% share of the portable generator market, by application, in 2021. Portable generators are used for shorter duration and its versatile output capacity has increased its use in commercial and industrial market. These generators have an average running time of 10–12 hours with a single filling of the tank. These generators are provided with dual or tri fuel technologies thus enhancing its working capabilities. Emergency portable generators are mainly used when natural calamities such as storms, heavy rains, and heat waves disrupt the transmission & distribution infrastructure. Inadequate power generation infrastructure and poor grid networks in developing countries have forced small-scale manufacturers and businesses to rely on emergency portable generators

The increasing instances of power cut offs in the country is driving the consumers towards the portable generators market as people are more concerned for the efficient and easy available fuel. The gasoline segment is dominating the market for its easy availability and fuel efficiency. Gas stations are available in every part of the world. The efficient supplies of gasoline has enabled the segment to grow at a faster pace. Portable generators running on gasoline are expected to capture the largest market share during the forecast period.

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The lack of access to this vital resource has hampered economic progress and is widely considered a significant contributor to the continued poverty in these areas. Therefore, methods of generating electricity completely independent of grid infrastructure, such as diesel generators, LED lightings, and other microgrid solutions, need to be implemented. Initiatives such as rural electrification programs are the key in developing countries to encourage youth and skilled personnel. Many of these people live in remote or rural areas where it is often too difficult or costly to transmit power using standard extensions of the power grid.  This has increased the electrified household population leading to rise in the power demand. Propane gas and biodiesel as a fuel used for generators, is the most environment-friendly fuel and can be easily stored in small or large tanks. These types of generators are mostly used in residential applications. Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growth of the others segment is driven by the rising demand for alternative energy sources to replace conventional fossil fuels.

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Asia Pacific Generator Sales Market by Fuel Type (Diesel, Gas), Power Rating (<100kVA, 100-350kVA, 350-1000-2500kVA, 2500-5000kVA, >5000kVA), Application (Standby, Continuous, Peak Shaving), End-User, Country - Forecast to 2025

Biomass Power Generation Market Dynamics, Key Players and Forecast, 2023-2028

The global biomass power generation market is projected to reach USD 105.7 billion by 2028 from an estimated USD 91.3 billion in 2023, at a CAGR of 3.0% during the forecast period. The growth of the biomass power generation market is driven by the focus of governments worldwide on net zero carbon emissions and their related initiatives such as policies, subsidies etc.

Key Market Players

The major players in the market ENGIE (France), Babcock & Wilcox Enterprises, inc. (US), Xcel Energy Inc. (US), EPH (Czechia) and Ørsted A/S (Denmark).

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Biomass power generation solutions will play a crucial role in reducing carbon footprints. To achieve these, governments are undertaking several initiatives to meet the future demands of energy by promoting the use of renewable sources to produce energy. The abundant availability of feedstock, low labor costs, need for electricity in rural areas and low cost of feedstock are some of the important driving factor of biomass power generation market.

This research report categorizes the biomass power generation market by feedstock, technology, fuel and region.

On the basis of feedstock:

• Agriculture Waste
• Forest Waste
• Animal Waste
• Municipal Waste

On the basis of technology:

• Combustion
• Gasification
• Anaerobic Digestion
• Pyrolysis

On the basis of fuel:

• Solid Fuel
• Liquid Fuel
• Gaseous Fuel

On the basis of region:

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• South America

This report segments the biomass power generation market based on feedstock into four types: Agriculture Waste, Forest Waste, Animal Waste, and Municipal Waste. Forest Waste are expected to be the fastest market during the forecast period. Forest Waste mainly consists of the woody biomass. The woody biomass has been used traditionally for cooking and heating applications. According to the estimates, more than 55% of biomass comes from forest waste, to which the pulp & paper industry is the largest contributor.

This report segments the biomass power generation market based on technology into four categories: combustion, gasification, anaerobic digestion and pyrolysis. The gasification segment is expected to be the second-largest segment during the forecast period. Gasification is an emerging technology used for the power generation. A large number of projects are upcoming for gasification to produce electricity. For instance, Bio&Watt has one commercial biomass gasification plant for cogeneration on a small scale. The plant utilizes agro-industrial residues in the gasification process.

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Asia Pacific is expected to be the largest region in the biomass power generation market

Asia Pacific is expected to be the largest biomass power generation market during the forecast period. In Asia Pacific several countries planned pilot projects and carrying out full-scale development of commercial-scale biomass power plants to amplify bioenergy deployments in the region. This has increased investments toward new projects, research studies, and new installations of biopower plants in the Asia Pacific, especially in China and India. These factors are expected to fuel the growth of the biomass power generation market in the region.

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Hydrogen Generation Market by Technology (SMR, ATR, POX, Coal Gasification, Electrolysis), Application (Refinery, Ammonia, Methanol, Transportation, Power Generation), Source (Blue, Green, Gray), Generation Mode Region - Global Forecast to 2028

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