Global Electric Control Panel Market Report Size, Trends & Growth Opportunity, By Form (Open, Enclosed), By Type (Low Tension, Medium, and High Tension, Others), By Application (Manufacturing, Food and Beverages, Chemical, Automotive, Power, Pharmaceutical, Oil and Gas, Aerospace, and Defense), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2030.
Global Electric Control Panel Market
The Global Electric Control Panel Market is estimated to be USD 5705.22 Mn in 2022 and is projected to reach USD 9295.45 Mn by 2030, growing at a CAGR of 5.29%.
A cabinet, that contains electrical components to control the motors and equipment is an Electric control panel.
Market Drivers
One of the major factors that drive the market growth is the higher application of electric machines in the industry for higher production.
Additionally, an increase in demand for factory automation is likely to boost the Global Electric Control Panel Market growth.
Moreover, the development of new industries and machinery has driven the installation of electric control panels in workplaces, warehouses, and workshops for safety.
Market Restraints
A major restraining factor that hampers the market growth is consistent maintenance and additional training to operate and troubleshoot the device.
Market Segmentation
The Electric Control Panel Market is segmented into major 4 categories. Based on Form, the market is segmented into Open, Enclosed. Based on Application, the market is divided into Civil Engineering, Industrial Construction, Oil and Gas, and Others. Based on the Type, the market is segmented into Impact hammers, Vibratory Drivers, Piling Rigs, Hydraulic Presses, and Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Europe region is expected to dominate the Global Electric Control Panel Market owing to the higher sales of electric vehicles and the rising demand for electricity Also, the increasing consumption of power is also likely to enhance the market growth in this region.
Asia-Pacific is likely to witness lucrative growth because the growing export and import of industrial control panels have been a pointer to high-level demand for this equipment in this region.
Market Key Players
Some of the key players operating in the Global Electric Control Panel Market are ABB Ltd., Bectrol, Cetal, Eaton, Leviton Manufacturing Co., Ltd., RITTAL GMBH & CO. KG, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, SIMON PROtec.
Industry development
In 2022, Leviton announced the extension of its award-winning Decora Smart product line, which provides a comprehensive portfolio of Wi-Fi lighting controls with a solution for every room and house.
In 2021, ABB India joined Indore Smart City Development Ltd (ISCDL) to implement next-generation digital technology that assures uninterrupted power supply to households and businesses.
in February 2022, ABB Ltd., a Switzerland-based electrical control panel company, launched smart monitoring solutions for electric power measurement and monitoring meters.
Market Taxonomy
By Type
o Low Tension
o Medium and High Tension
o Others
By Form
o Open
o Enclosed
By Application
o Manufacturing
o Food and Beverages
o Chemical
o Automotive
o Power
o Pharmaceutical
o Oil and Gas
o Aerospace and Defense
By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East and Africa
Key Question Addressed by the Report
· What are the Key Opportunities in the Global Clove Bud Essential Oil Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global Electric Control Panel Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Electric Control Panel Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Electric Control Panel Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Electric Control Panel Market Share Analysis, By Type
5.3 Electric Control Panel Market Size and Forecast, By Type
5.3.1 Low Tension
5.3.2 Medium and High Tension
5.3.3 Others
6 Electric Control Panel Market, By Form
6.1 Y-o-Y Growth Comparison, By Form
6.2 Electric Control Panel Market Share Analysis, By Form
6.3 Electric Control Panel Market Size and Forecast, By Form
6.3.1 Open
6.3.2 Enclosed
7 Electric Control Panel Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Electric Control Panel Market Share Analysis, By Application
7.3 Electric Control Panel Market Size and Forecast, By Application
7.3.1 Manufacturing
7.3.2 Food and Beverages
7.3.3 Chemical
7.3.4 Automotive
7.3.5 Power
7.3.6 Pharmaceutical
7.3.7 Oil and Gas
7.3.8 Aerospace and Defense
8 Electric Control Panel Market, By Region
8.1 Electric Control Panel Market Share Analysis, By Region
8.2 Electric Control Panel Market Share Analysis, By Region
8.3 Electric Control Panel Market Size and Forecast, By Region
9 North America Electric Control Panel Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Electric Control Panel Market Share Analysis, By Type
9.3 North America Electric Control Panel Market Size and Forecast, By Form
9.4 North America Electric Control Panel Market Size and Forecast, By Application
9.5 North America Electric Control Panel Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Type
9.5.1.2 Market Size and Forecast, By Form
9.5.1.3 Market Size and Forecast, By Application
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Type
9.5.2.2 Market Size and Forecast, By Form
9.5.2.3 Market Size and Forecast, By Application
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Type
9.5.3.2 Market Size and Forecast, By Form
9.5.3.3 Market Size and Forecast, By Application
10 Europe Electric Control Panel Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Electric Control Panel Market Share Analysis, By Type
10.3 Europe Electric Control Panel Market Size and Forecast, By Form
10.4 Europe Electric Control Panel Market Size and Forecast, By Application
10.5 Europe Electric Control Panel Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Type
10.5.1.2 Market Size and Forecast, By Form
10.5.1.3 Market Size and Forecast, By Application
10.5.2 France
10.5.2.1. Market Size and Forecast, By Type
10.5.2.2 Market Size and Forecast, By Form
10.5.2.3 Market Size and Forecast, By Application
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Type
10.5.3.2 Market Size and Forecast, By Form
10.5.3.3 Market Size and Forecast, By Application
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Type
10.5.4.2 Market Size and Forecast, By Form
10.5.4.3 Market Size and Forecast, By Application
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Type
10.5.5.2 Market Size and Forecast, By Form
10.5.5.3 Market Size and Forecast, By Application
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Type
10.5.6.2 Market Size and Forecast, By Form
10.5.6.3 Market Size and Forecast, By Application
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Type
10.5.7.2 Market Size and Forecast, By Form
10.5.7.3 Market Size and Forecast, By Application
11 Asia Pacific Electric Control Panel Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Electric Control Panel Market Share Analysis, By Type
11.3 Asia Pacific Electric Control Panel Market Size and Forecast, By Form
11.4 Asia Pacific Electric Control Panel Market Size and Forecast, By Application
11.5 Asia Pacific Electric Control Panel Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Type
11.5.1.2 Market Size and Forecast, By Form
11.5.1.3 Market Size and Forecast, By Application
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Type
11.5.2.2 Market Size and Forecast, By Form
11.5.2.3 Market Size and Forecast, By Application
11.5.3 India
11.5.3.1. Market Size and Forecast, By Type
11.5.3.2 Market Size and Forecast, By Form
11.5.3.3 Market Size and Forecast, By Application
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Type
11.5.4.2 Market Size and Forecast, By Form
11.5.4.3 Market Size and Forecast, By Application
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Type
11.5.5.2 Market Size and Forecast, By Form
11.5.5.3 Market Size and Forecast, By Application
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Type
11.5.6.2 Market Size and Forecast, By Form
11.5.6.3 Market Size and Forecast, By Application
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Type
11.5.7.2 Market Size and Forecast, By Form
11.5.7.3 Market Size and Forecast, By Application
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Type
11.5.8.2 Market Size and Forecast, By Form
11.5.8.3 Market Size and Forecast, By Application
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Type
11.5.9.2 Market Size and Forecast, By Form
11.5.9.3 Market Size and Forecast, By Application
12 Latin America Electric Control Panel Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Electric Control Panel Market Share Analysis, By Type
12.3 Latin America Electric Control Panel Market Size and Forecast, By Form
12.4 Latin America Electric Control Panel Market Size and Forecast, By Application
12.4 Latin America Electric Control Panel Market Size and Forecast, Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Type
12.5.1.2 Market Size and Forecast, By Form
12.5.1.3 Market Size and Forecast, By Application
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Type
12.5.2.2 Market Size and Forecast, By Form
12.5.2.3 Market Size and Forecast, By Application
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Type
12.5.3.2 Market Size and Forecast, By Form
12.5.3.3 Market Size and Forecast, By Application
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Type
12.5.4.2 Market Size and Forecast, By Form
12.5.4.3 Market Size and Forecast, By Application
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Type
12.5.5.2 Market Size and Forecast, By Form
12.5.5.3 Market Size and Forecast, By Application
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Type
12.5.6.2 Market Size and Forecast, By Form
12.5.6.3 Market Size and Forecast, By Application
12.5.7. rest of Latin America
12.5.7.1. Market Size and Forecast, By Type
12.5.7.2 Market Size and Forecast, By Form
12.5.7.3 Market Size and Forecast, By Application
13 Middle East Electric Control Panel Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Electric Control Panel Market Share Analysis, By Type
13.3 Middle East Electric Control Panel Market Size and Forecast, By Form
13.4 Middle East Electric Control Panel Market Size and Forecast, By Application
13.5 Middle East Electric Control Panel Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Type
13.5.1.2 Market Size and Forecast, By Form
13.5.1.3 Market Size and Forecast, By Application
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Type
13.5.2.2 Market Size and Forecast, By Form
13.5.2.3 Market Size and Forecast, By Application
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Type
13.5.3.2 Market Size and Forecast, By Form
13.5.3.3 Market Size and Forecast, By Application
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Type
13.5.4.2 Market Size and Forecast, By Form
13.5.4.3 Market Size and Forecast, By Application
13.5.5 South Africa
13.5.5.1. Market Size and Forecast, By Type
13.5.5.2 Market Size and Forecast, By Form
13.5.5.3 Market Size and Forecast, By Application
13.5.6 Rest of Middle East & Africa
13.5.6.1. Market Size and Forecast, By Type
13.5.6.2 Market Size and Forecast, By Form
13.5.6.3 Market Size and Forecast, By Application
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 ABB Ltd.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Bectrol
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Cetal
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Eaton
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Leviton Manufacturing Co., Ltd.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 RITTAL GMBH & CO. KG
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Rockwell Automation, Inc.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Schneider Electric SE
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Siemens AG
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 SIMON PROtec
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
