Hint: standing room only
See the answer below.
This installation looks like there was some bad planning or a lack of communication between the trades. Was the electrician there first? Was the plumber there first? I’m not sure of the timing between those two trades, but in any case, we are left with a few Code violations to review.
The working space in front of these circuit breaker enclosures is really a tripping hazard now with the water pipes and water meters positioned exactly where an electrician would need to stand while working on this electrical equipment. Working space in front of this electrical equipment must be clear for a depth of 3 ft per Sec. 110.26(A)(1). A minimum width of at least 30 in. or the width of the equipment if wider than 30 in. is required, per Sec. 110.26(A)(2). This space must also be clear from the floor to a minimum height of 6½ ft or the height of the equipment if higher, per Sec. 110.26(A)(3). The water pipe coming through the wall directly below the electrical equipment is a violation of the dedicated space requirements of Sec. 110.26(E). No foreign systems are permitted in this space.