You will need a 30 inch wide space, extending out 36 inches from that panel to be Code-compliant for working space clearances.
The 30 inch wide space must include the entire width of the panel, but can extend beyond either or both sides of it. That being said, the pegboard could remain, even with tools hanging on it, but the workbench itself should be located far enough away to allow for the required working clearances.
The 30 inch wide space must include the entire width of the panel, but can extend beyond either or both sides of it. That being said, the pegboard could remain, even with tools hanging on it, but the workbench itself should be located far enough away to allow for the required working clearances.