Electric Control Panel Market Size and Analysis by 2030
The electric control panel market size is expected to grow from US$ 5,507.35 million in 2022 to US$ 9,096.16 million by 2030; it is expected to grow at a CAGR of 6.5% from 2022 to 2030.
Electric control panels are rigid enclosures combining electric devices that use electrical energy to monitor and control the functions of machinery or mechanical equipment. It comprises two parts—electrical components and panel enclosure. The composition of electric control panels varies with industry, and they can be customized accordingly. The electric control panels have controllers, switchgear, indication lamps, relays, push buttons, and PLCs. The distribution panels are provided with safety/protection advice associated with phase reversal, low and high voltage relays, simple phase prevention, phase imbalance, reverse power, over and under frequency relays, restricted earth fault, etc. Control panels are either open or enclosed, containing circuit components control or power circuit components control, or a combination of both. The electric panel operates on a wide range of industrial equipment, including motors, pumps, industrial, engines, heaters, machinery, HVAC systems, lighting, etc. Designing and deploying electric control panels can be a complicated process as even a small glitch in these control panels can create big problems. Therefore, enterprises need to procure control panels from a trusted brand, certified as per industrial standards.
Asia Pacific dominated the electric control panel market share in 2021, with more than 40% followed by North America, Europe, the MEA, and SAM. The region is home to almost all types of industries that can be end users of electric control panels, such as manufacturing, food & beverages, pharmaceuticals, and chemical industries. Moreover, the large footprints of electric control panel market players—such as IndustLabs, EBI Electric, PanelTEK, and PanelShop.com—is one of the major factors boosting the electric control panel market growth in the region.
Pharmaceutical companies in European countries are the major end users of electric control panels. With the growing number of hospitals and clinics, the demand for electric control panels is also increasing in the region. APAC comprises several developing economies, including China, India, Singapore, Vietnam, and other Southeast Asian countries, and developed economies, such as Japan and Australia. The flourishing power and manufacturing sectors in China, Japan, Taiwan, India, and South Korea are expected to create lucrative opportunities for the electric control panel market players. Further, countries in the MEA and SAM are also witnessing the adoption of electric control panels due to expanding business operations in oil & petroleum refineries, energy utilities, and automotive, which is anticipated to boost the electric control panel market growth in these regions during the forecast period.
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Electric Control Panel Market: Strategic Insights
Market Size Value in US$ 5,507.35 million in 2022 Market Size Value by US$ 9,096.16 million by 2030 Growth rate CAGR of 6.5% from 2022 to 2030. Forecast Period 2022-2030 Base Year 2022
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Electric Control Panel Market: Strategic Insights
| Market Size Value in | US$ 5,507.35 million in 2022 |
| Market Size Value by | US$ 9,096.16 million by 2030 |
| Growth rate | CAGR of 6.5% from 2022 to 2030. |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Electric Control Panel Market
Various economies in Asia Pacific witnessed a sharp decline in their gross domestic product (GDP) in 2020 due to the sudden pause in many economic activities across the region. Countries in this region have prominent oil & gas, maritime, and telecommunications industries. According to the Organization for Economic Co-operation and Development (OECD), the pandemic severely affected countries such as India, Australia, China, and Japan. India was the worst-hit country by the pandemic in this region. Limitations imposed by governments to control the spread of COVID-19 during the initial time stages of the crisis affected the production process in these countries due to the limited workforce availability, which hampered the electric control panel market growth in 2020. However, the pandemic had a low impact on the power sector, which contributed to the continued demand for electric control panels in this sector during the pandemic.
As economies reopened and industries began their operations in 2021, the need for electric control panels from various end users rose gradually. Also, with large-scale vaccination efforts and ease in social restrictions, companies began to work with high workforce capacities.
Market Insights – Electric control panel Market
Asia Pacific dominated the electric control panel market size in 2021 and is expected to continue its dominance throughout the forecast period. Most government agencies anticipate achieving Industry 4.0 goals within the next five years. Effective legislative frameworks, such as making a new spectrum accessible for better connectivity and boosting creativity in new solutions, would be required to achieve this in Industry 4.0 standards. Mudigubba Solar Park 2000 MW is a project with a budget of US$ 2,400 million. Construction began in Q3 2021 and is projected to be completed in Q4 2023. The project seeks to provide the farming sectors with nine hours of continuous power during daylight hours. Considering all the above-mentioned factors, these energy projects and the rise in demand for electricity will generate the demand for control panels and thus propel the electric control panel market in Asia Pacific.
Industry-Based Insights
Based on industry, the electric control panel market is segmented into manufacturing, chemical, automotive, food & beverages, power, oil & gas, pharmaceutical, aerospace & defense, and others. The others segment include the marine & textile industries. The type of control panel used varies depending on the industry and the requirement of the particular industry.
The electric control panel market is segmented based on form, type, industry, and geography. Based on form, the electric control panel market is segmented into enclosed and open. Based on type, the electric control panel market is categorized into low tension and medium and high tension. By industry, the market is segmented into manufacturing, chemical, automotive, food and beverages, power, oil and gas, pharmaceutical, aerospace and defense, and others. Based on geography, the electric control panel market is primarily segregated into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America.
Electric Control Panel Market Report Scope
ABB Ltd.; Bectrol; Cetal; Eaton; Leviton Manufacturing Co., Ltd.; RITTAL GMBH & CO. KG; Rockwell Automation, Inc.; Schneider Electric SE; Siemens AG; and SIMON PROtec are a few key players in the ecosystem that have been profiled during the electric control panel market analysis. In addition to these 10 players, multiple other prominent global and regional companies, emerging players, market disruptors, and niche market players were also analyzed during this study.
Players operating in the electric control panel market are mainly focused on the development of advanced and efficient products.
- In February 2022, ABB India, an engineering and industrial equipment maker, introduced a new line of electric measuring and power monitoring meters for electrical and control panels.
- In November 2020, Siemens AG's intelligent, adaptive infrastructure firm announced the integration of Control Panel Design into the TIA Selection Tool, adding additional electrical planning tools to the Siemens configuration and ordering software.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form, Type, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Rise in demand for factory automation and increase in use of electric panels in mobile machinery are major driving factors contributing towards the growth of electric control panel market.
Integration of advanced computing services is one of the major trends anticipated to propel the market growth during the forecast period.
Eaton; ABB Ltd.; Siemens AG; Rockwell Automation, Inc.; RITTAL GmbH & CO. KG are the five key market players operating in the global electric control panel market.
China holds the major market share of electric control panel market in 2022.
US, Germany, China, Taiwan, India, UAE, Brazil are registering a high growth rate during the forecast period.
Power segment held the largest share in electric control panel market. In the power industry, electric control panels are used for monitoring, remote operation, automatic operation, recording, and plant-wide sequence-of-events (SOE).
By 2030, the global market size of electric control panel market will be US$ 9,096.16 million.
The global electric control panel market was valued US$ 5,507.35 million in 2022.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electric Control Panel Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Electric Control Panel Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Factory Automation
5.1.2 Increase in Use of Electric Panels in Mobile Machinery
5.2 Market Restraints
5.2.1 High Replacement and Deployment Costs, and Regulatory Non-Compliance
5.3 Market Opportunities
5.3.1 Need for Higher Quality Control and Panel Fabrication
5.4 Future Trends
5.4.1 Integration of Advanced Computing Services
5.5 Impact Analysis of Drivers and Restraints
6. Electric Control Panel Market – Global Analysis
6.1 Global Electric Control Panel Market Overview
6.2 Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
6.3 Market Positioning – Top 5 Players
6.4 Competitive Benchmarking
7. Electric Control Panel Market – By Form
7.1 Overview
7.2 Electric Control Panel Market, by Form (2021 and 2030)
7.3 Enclosed
7.3.1 Overview
7.3.2 Enclosed: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Open
7.4.1 Overview
7.4.2 Open: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
8. Electric Control Panel Market Analysis – By Type
8.1 Overview
8.2 Electric Control Panel Market, By Type (2021 and 2030)
8.3 Low Tension
8.3.1 Overview
8.3.2 Low Tension: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Medium and High Tension
8.4.1 Overview
8.4.2 Medium and High Tension: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
9. Electric Control Panel Market Analysis – By Industry
9.1 Overview
9.2 Electric Control Panel Market, By Industry (2021 and 2030)
9.3 Manufacturing
9.3.1 Overview
9.3.2 Manufacturing: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Chemical
9.4.1 Overview
9.4.2 Chemical: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Automotive
9.5.1 Overview
9.5.2 Automotive: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Food & Beverages
9.6.1 Overview
9.6.2 Food & Beverages: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
9.7 Power
9.7.1 Overview
9.7.2 Power: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
9.8 Oil & Gas
9.8.1 Overview
9.8.2 Oil & Gas: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
9.9 Pharmaceutical
9.9.1 Overview
9.9.2 Pharmaceutical: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
9.10 Aerospace and Defense
9.10.1 Overview
9.10.2 Aerospace and Defense: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
9.11 Others
9.11.1 Overview
9.11.2 Others: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10. Electric Control Panel Market – Geographic Analysis
10.1 Overview
10.2 North America: Electric Control Panel Market
10.2.1 North America: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.2.2 North America: Electric Control Panel Market, By Form
10.2.3 North America: Electric Control Panel Market, By Type
10.2.4 North America: Electric Control Panel Market, By Industry
10.2.5 North America: Electric Control Panel Market, By Country
10.2.5.1 US: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.2.5.1.1 US: Electric Control Panel Market, By Form
10.2.5.1.2 US: Electric Control Panel Market, By Type
10.2.5.1.3 US: Electric Control Panel Market, By Industry
10.2.5.2 Canada: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.2.5.2.1 Canada: Electric Control Panel Market, By Form
10.2.5.2.2 Canada: Electric Control Panel Market, By Type
10.2.5.2.3 Canada: Electric Control Panel Market, By Industry
10.2.5.3 Mexico: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.2.5.3.1 Mexico: Electric Control Panel Market, By Form
10.2.5.3.2 Mexico: Electric Control Panel Market, By Type
10.2.5.3.3 Mexico: Electric Control Panel Market, By Industry
10.3 Europe Electric Control Panel Market Revenue and Forecast to 2030
10.3.1 Overview
10.3.2 Europe Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
10.3.3 Europe Electric Control Panel Market Breakdown, By Form
10.3.4 Europe Electric Control Panel Market Breakdown, By Type
10.3.5 Europe Electric Control Panel Market Breakdown, By Industry
10.3.6 Europe Electric Control Panel Market Breakdown, By Country
10.3.6.1 Germany: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.1.1 Germany: Electric Control Panel Market, By Form
10.3.6.1.2 Germany: Electric Control Panel Market, By Type
10.3.6.1.3 Germany: Electric Control Panel Market, By Industry
10.3.6.2 France: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.2.1 France: Electric Control Panel Market, By Form
10.3.6.2.2 France: Electric Control Panel Market, By Type
10.3.6.2.3 France: Electric Control Panel Market, By Industry
10.3.6.3 Italy: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.3.1 Italy: Electric Control Panel Market, By Form
10.3.6.3.2 Italy: Electric Control Panel Market, By Type
10.3.6.3.3 Italy: Electric Control Panel Market, By Industry
10.3.6.4 UK: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.4.1 UK: Electric Control Panel Market, By Form
10.3.6.4.2 UK: Electric Control Panel Market, By Type
10.3.6.4.3 UK: Electric Control Panel Market, By Industry
10.3.6.5 Russia: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.5.1 Russia: Electric Control Panel Market, By Form
10.3.6.5.2 Russia: Electric Control Panel Market, By Type
10.3.6.5.3 Russia: Electric Control Panel Market, By Industry
10.3.6.6 Rest of Europe: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.6.1 Rest of Europe: Electric Control Panel Market, By Form
10.3.6.6.2 Rest of Europe: Electric Control Panel Market, By Type
10.3.6.6.3 Rest of Europe: Electric Control Panel Market, By Industry
10.4 APAC Electric Control Panel Market Revenue and Forecast to 2030
10.4.1 Overview
10.4.2 APAC Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
10.4.3 APAC Electric Control Panel Market Breakdown, By Form
10.4.4 APAC Electric Control Panel Market Breakdown, By Type
10.4.5 APAC Electric Control Panel Market Breakdown, By Industry
10.4.6 APAC Electric Control Panel Market Breakdown, By Country
10.4.6.1 Australia Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
10.4.6.1.1 Australia Electric Control Panel Market Breakdown, By Form
10.4.6.1.2 Australia Electric Control Panel Market Breakdown, By Type
10.4.6.1.3 Australia Electric Control Panel Market Breakdown, By Industry
10.4.6.2 China Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
10.4.6.2.1 China Electric Control Panel Market Breakdown, By Form
10.4.6.2.2 China Electric Control Panel Market Breakdown, By Type
10.4.6.2.3 China Electric Control Panel Market Breakdown, By Industry
10.4.6.3 Japan Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
10.4.6.3.1 Japan Electric Control Panel Market Breakdown, By Form
10.4.6.3.2 Japan Electric Control Panel Market Breakdown, By Type
10.4.6.3.3 Japan Electric Control Panel Market Breakdown, By Industry
10.4.6.4 India Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
10.4.6.4.1 India Electric Control Panel Market Breakdown, By Form
10.4.6.4.2 India Electric Control Panel Market Breakdown, By Type
10.4.6.4.3 India Electric Control Panel Market Breakdown, By Industry
10.4.6.5 South Korea Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
10.4.6.5.1 South Korea Electric Control Panel Market Breakdown, By Form
10.4.6.5.2 South Korea Electric Control Panel Market Breakdown, By Type
10.4.6.5.3 South Korea Electric Control Panel Market Breakdown, By Industry
10.4.6.6 Rest of APAC Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
10.4.6.6.1 Rest of APAC Electric Control Panel Market Breakdown, By Form
10.4.6.6.2 Rest of APAC Electric Control Panel Market Breakdown, By Type
10.4.6.6.3 Rest of APAC Electric Control Panel Market Breakdown, By Industry
10.5 MEA: Electric Control Panel Market
10.5.1 MEA Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
10.5.2 MEA: Electric Control Panel Market Breakdown, by Form
10.5.3 MEA: Electric Control Panel Market Breakdown, by Type
10.5.4 MEA: Electric Control Panel Market Breakdown, by Industry
10.5.5 MEA: Electric Control Panel Market Breakdown, by Country
10.5.5.1 South Africa Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
10.5.5.1.1 South Africa: Electric Control Panel Market Breakdown, by Form
10.5.5.1.2 South Africa: Electric Control Panel Market Breakdown, by Type
10.5.5.1.3 South Africa: Electric Control Panel Market Breakdown, by Industry
10.5.5.2 Saudi Arabia Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
10.5.5.2.1 Saudi Arabia: Electric Control Panel Market Breakdown, by Form
10.5.5.2.2 Saudi Arabia: Electric Control Panel Market Breakdown, by Type
10.5.5.2.3 Saudi Arabia: Electric Control Panel Market Breakdown, by Industry
10.5.5.3 UAE Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
10.5.5.3.1 UAE: Electric Control Panel Market Breakdown, by Form
10.5.5.3.2 UAE: Electric Control Panel Market Breakdown, by Type
10.5.5.3.3 UAE: Electric Control Panel Market Breakdown, by Industry
10.5.5.4 Rest of MEA Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
10.5.5.4.1 Rest of MEA: Electric Control Panel Market Breakdown, by Form
10.5.5.4.2 Rest of MEA: Electric Control Panel Market Breakdown, by Type
10.5.5.4.3 Rest of MEA: Electric Control Panel Market Breakdown, by Industry
10.6 SAM: Electric Control Panel Market
10.6.1 SAM Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
10.6.2 SAM: Electric Control Panel Market Breakdown, by Form
10.6.3 SAM: Electric Control Panel Market Breakdown, by Type
10.6.4 SAM: Electric Control Panel Market Breakdown, by Industry
10.6.5 SAM: Electric Control Panel Market Breakdown, by Country
10.6.5.1 Brazil Electric Control Panel Market: Revenue and Forecast to 2030
10.6.5.1.1 Brazil: Electric Control Panel Market Breakdown, by Form
10.6.5.1.2 Brazil: Electric Control Panel Market Breakdown, by Type
10.6.5.1.3 Brazil: Electric Control Panel Market Breakdown, by Industry
10.6.5.2 Argentina Electric Control Panel Market: Revenue and Forecast to 2030
10.6.5.2.1 Argentina: Electric Control Panel Market Breakdown, by Form
10.6.5.2.2 Argentina: Electric Control Panel Market Breakdown, by Type
10.6.5.2.3 Argentina: Electric Control Panel Market Breakdown, by Industry
10.6.5.3 Rest of SAM Electric Control Panel Market: Revenue and Forecast to 2030
10.6.5.3.1 Rest of SAM: Electric Control Panel Market Breakdown, by Form
10.6.5.3.2 Rest of SAM: Electric Control Panel Market Breakdown, by Type
10.6.5.3.3 Rest of SAM: Electric Control Panel Market Breakdown, by Industry
11. Impact of COVID-19 Pandemic
11.1 Impact of COVID-19 Pandemic on Global Electric Control Panel Market
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.2 Europe: Impact Assessment of COVID-19 Pandemic
11.1.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.1.5 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 ABB Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Bectrol
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cetal
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Eaton
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Leviton Manufacturing Co., Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 RITTAL GMBH & CO. KG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Rockwell Automation, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Schneider Electric SE
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Siemens AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 SIMON PROtec
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. North America Electric Control Panel Market, By Form– Revenue and Forecast to 2030 (US$ Million)
Table 3. North America Electric Control Panel Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 4. North America Electric Control Panel Market, By Industry – Revenue and Forecast to 2030 (US$ Million)
Table 5. US Electric Control Panel Market, By Form– Revenue and Forecast to 2030 (US$ Million)
Table 6. US Electric Control Panel Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 7. US Electric Control Panel Market, By Industry – Revenue and Forecast to 2030 (US$ Million)
Table 8. Canada Electric Control Panel Market, By Form– Revenue and Forecast to 2030 (US$ Million)
Table 9. Canada Electric Control Panel Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 10. Canada Electric Control Panel Market, By Industry – Revenue and Forecast to 2030 (US$ Million)
Table 11. Mexico Electric Control Panel Market, By Form– Revenue and Forecast to 2030 (US$ Million)
Table 12. Mexico Electric Control Panel Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 13. Mexico Electric Control Panel Market, By Industry – Revenue and Forecast to 2030 (US$ Million)
Table 14. Europe Electric Control Panel Market Revenue and Forecast to 2030 – By Form (US$ Million)
Table 15. Europe Electric Control Panel Market Revenue and Forecast to 2030 – By Type (US$ Million)
Table 16. Europe Electric Control Panel Market Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 17. Germany Electric Control Panel Market, By Form– Revenue and Forecast to 2030 (US$ Million)
Table 18. Germany Electric Control Panel Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 19. Germany Electric Control Panel Market, By Industry – Revenue and Forecast to 2030 (US$ Million)
Table 20. France Electric Control Panel Market, By Form– Revenue and Forecast to 2030 (US$ Million)
Table 21. France Electric Control Panel Market, By Type– Revenue and Forecast to 2030 (US$ Million)
Table 22. France Electric Control Panel Market, By Industry– Revenue and Forecast to 2030 (US$ Million)
Table 23. Italy Electric Control Panel Market, By Form – Revenue and Forecast to 2030 (US$ Million)
Table 24. Italy Electric Control Panel Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 25. Italy Electric Control Panel Market, By Industry – Revenue and Forecast to 2030 (US$ Million)
Table 26. UK Electric Control Panel Market, By Form– Revenue and Forecast to 2030 (US$ Million)
Table 27. UK Electric Control Panel Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 28. UK Electric Control Panel Market, By Industry – Revenue and Forecast to 2030 (US$ Million)
Table 29. Russia Electric Control Panel Market, By Form– Revenue and Forecast to 2030 (US$ Million)
Table 30. Russia Electric Control Panel Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 31. Russia Electric Control Panel Market, By Industry – Revenue and Forecast to 2030 (US$ Million)
Table 32. Rest of Europe Electric Control Panel Market, By Form– Revenue and Forecast to 2030 (US$ Million)
Table 33. Rest of Europe Electric Control Panel Market, By Type– Revenue and Forecast to 2030 (US$ Million)
Table 34. Rest of Europe Electric Control Panel Market, By Industry – Revenue and Forecast to 2030 (US$ Million)
Table 35. APAC Electric Control Panel Market Revenue and Forecast to 2030 – By Form (US$ Million)
Table 36. APAC Electric Control Panel Market Revenue and Forecast to 2030 – By Type (US$ Million)
Table 37. APAC Electric Control Panel Market Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 38. Australia Electric Control Panel Market Revenue and Forecast to 2030 – By Form (US$ Million)
Table 39. Australia Electric Control Panel Market Revenue and Forecast to 2030 – By Type (US$ Million)
Table 40. Australia Electric Control Panel Market Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 41. China Electric Control Panel Market Revenue and Forecast to 2030 – By Form (US$ Million)
Table 42. China Electric Control Panel Market Revenue and Forecast to 2030 – By Type (US$ Million)
Table 43. China Electric Control Panel Market Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 44. Japan Electric Control Panel Market Revenue and Forecast to 2030 – By Form (US$ Million)
Table 45. Japan Electric Control Panel Market Revenue and Forecast to 2030 – By Type (US$ Million)
Table 46. Japan Electric Control Panel Market Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 47. India Electric Control Panel Market Revenue and Forecast to 2030 – By Form (US$ Million)
Table 48. India Electric Control Panel Market Revenue and Forecast to 2030 – By Type (US$ Million)
Table 49. India Electric Control Panel Market Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 50. South Korea Electric Control Panel Market Revenue and Forecast to 2030 – By Form (US$ Million)
Table 51. South Korea Electric Control Panel Market Revenue and Forecast to 2030 – By Type (US$ Million)
Table 52. South Korea Electric Control Panel Market Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 53. Rest of APAC Electric Control Panel Market Revenue and Forecast to 2030 – By Form (US$ Million)
Table 54. Rest of APAC Electric Control Panel Market Revenue and Forecast to 2030 – By Type (US$ Million)
Table 55. Rest of APAC Electric Control Panel Market Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 56. MEA Electric Control Panel Market: Revenue and Forecast to 2030 – By Form (US$ Million)
Table 57. MEA Electric Control Panel Market: Revenue and Forecast to 2030 – By Type (US$ Million)
Table 58. MEA Electric Control Panel Market: Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 59. South Africa Electric Control Panel Market: Revenue and Forecast to 2030 – By Form (US$ Million)
Table 60. South Africa Electric Control Panel Market: Revenue and Forecast to 2030 – By Type(US$ Million)
Table 61. South Africa Electric Control Panel Market: Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 62. Saudi Arabia Electric Control Panel Market: Revenue and Forecast to 2030 – By Form (US$ Million)
Table 63. Saudi Arabia Electric Control Panel Market: Revenue and Forecast to 2030 – By Type (US$ Million)
Table 64. Saudi Arabia Electric Control Panel Market: Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 65. UAE Electric Control Panel Market: Revenue and Forecast to 2030 – By Form (US$ Million)
Table 66. UAE Electric Control Panel Market: Revenue and Forecast to 2030 – By Type(US$ Million)
Table 67. UAE Electric Control Panel Market: Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 68. Rest of MEA Electric Control Panel Market: Revenue and Forecast to 2030 – By Form (US$ Million)
Table 69. Rest of MEA Electric Control Panel Market: Revenue and Forecast to 2030 – By Type (US$ Million)
Table 70. Rest of MEA Electric Control Panel Market: Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 71. SAM Electric Control Panel Market: Revenue and Forecast to 2030 – By Form (US$ Million)
Table 72. SAM Electric Control Panel Market: Revenue and Forecast to 2030 – By Type (US$ Million)
Table 73. SAM Electric Control Panel Market: Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 74. Brazil Electric Control Panel Market: Revenue and Forecast to 2030 – By Form (US$ Million)
Table 75. Brazil Electric Control Panel Market: Revenue and Forecast to 2030 – By Type (US$ Million)
Table 76. Brazil Electric Control Panel Market: Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 77. Argentina Electric Control Panel Market: Revenue and Forecast to 2030 – By Form (US$ Million)
Table 78. Argentina Electric Control Panel Market: Revenue and Forecast to 2030 – By Type (US$ Million)
Table 79. Argentina Electric Control Panel Market: Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 80. Rest of SAM Electric Control Panel Market: Revenue and Forecast to 2030 – By Form (US$ Million)
Table 81. Rest of SAM Electric Control Panel Market: Revenue and Forecast to 2030 – By Type (US$ Million)
Table 82. Rest of SAM Electric Control Panel Market: Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 83. List of Abbreviation
LIST OF FIGURES
Figure 1. Electric Control Panel Market Segmentation
Figure 2. Electric Control Panel Market Segmentation – By Geography
Figure 3. Global Electric Control Panel Market Overview
Figure 4. Open Electric Control Panel Contributed the Largest Market Share
Figure 5. Medium and High Tension Held the Largest Market Share in 2021
Figure 6. Power Segment Held the Largest Share in 2021
Figure 7. APAC Held the Largest Share in 2021
Figure 8. North America – PEST Analysis
Figure 9. Europe – PEST Analysis
Figure 10. APAC – PEST Analysis
Figure 11. MEA – PEST Analysis
Figure 12. SAM – PEST Analysis
Figure 13. Electric Control Panel Market– Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Electric Control Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Electric Control Panel Market
Figure 17. Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Electric Control Panel Market – Top 5 Players
Figure 19. Electric Control Panel Market Revenue Share, by Form (2021 and 2030)
Figure 20. Enclosed: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Open: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Electric Control Panel Market Revenue Share, by Type (2021 and 2030)
Figure 23. Low Tension: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Medium and High Tension: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Electric Control Panel Market Revenue Share, by Industry(2021 and 2030)
Figure 26. Manufacturing: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Chemical: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Automotive: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Food & Beverages: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. Power: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 31. Oil & Gas: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 32. Pharmaceutical: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 33. Aerospace and Defense: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 34. Others: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 35. Global Electric Control Panel Market Revenue Share, By Region (2021 and 2030)
Figure 36. North America: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 37. North America Electric Control Panel Market Revenue Share, By Form (2021 and 2030)
Figure 38. North America Electric Control Panel Market Revenue Share, By Type (2021 and 2030)
Figure 39. North America Electric Control Panel Market Revenue Share, By Industry (2021 and 2030)
Figure 40. North America Electric Control Panel Market Revenue Share, By Country (2021 and 2030)
Figure 41. US: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 42. Canada: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 43. Mexico: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 44. Europe Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
Figure 45. Europe Electric Control Panel Market Breakdown, By Form, 2021 and 2030 (%)
Figure 46. Europe Electric Control Panel Market Breakdown, By Type, 2021 and 2030 (%)
Figure 47. Europe Electric Control Panel Market Breakdown, By Industry, 2021 and 2030 (%)
Figure 48. Europe Electric Control Panel Market Breakdown, By Country, 2021 and 2030(%)
Figure 49. Germany: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 50. France: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 51. Italy: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 52. UK: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 53. Russia: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 54. Rest of Europe: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 55. APAC Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
Figure 56. APAC Electric Control Panel Market Breakdown, By Form, 2021 and 2030 (%)
Figure 57. APAC Electric Control Panel Market Breakdown, By Type, 2021 and 2030 (%)
Figure 58. APAC Electric Control Panel Market Breakdown, By Industry, 2021 and 2030 (%)
Figure 59. APAC Electric Control Panel Market Breakdown, By Country, 2021 and 2030(%)
Figure 60. Australia Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
Figure 61. China Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
Figure 62. Japan Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
Figure 63. India Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
Figure 64. South Korea Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
Figure 65. Rest of APAC Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
Figure 66. MEA Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
Figure 67. MEA: Electric Control Panel Market Breakdown, by Form, 2021 & 2030 (%)
Figure 68. MEA: Electric Control Panel Market Breakdown, by Type, 2021 & 2030 (%)
Figure 69. MEA: Electric Control Panel Market Breakdown, by Industry, 2021 & 2030 (%)
Figure 70. MEA: Electric Control Panel Market Breakdown, by Country, 2021 & 2030 (%)
Figure 71. South Africa Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
Figure 72. Saudi Arabia Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
Figure 73. UAE Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
Figure 74. Rest of MEA Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
Figure 75. SAM Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
Figure 76. SAM: Electric Control Panel Market Breakdown, by Form, 2021 & 2030 (%)
Figure 77. SAM: Electric Control Panel Market Breakdown, by Type, 2021 & 2030 (%)
Figure 78. SAM: Electric Control Panel Market Breakdown, by Industry, 2021 & 2030 (%)
Figure 79. SAM: Electric Control Panel Market Breakdown, by Country, 2021 & 2030 (%)
Figure 80. Brazil Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
Figure 81. Argentina Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
Figure 82. Rest of SAM Electric Control Panel Market: Revenue and Forecast to 2030 (US$ Million)
Figure 83. Impact of COVID-19 Pandemic on Market in North American Countries
Figure 84. Impact of COVID-19 Pandemic on Market in European Countries
Figure 85. Impact of COVID-19 Pandemic on Market in Asia Pacific Countries
Figure 86. Impact of COVID-19 Pandemic on Market in Middle East and Africa Countries Markets
Figure 87. Impact of COVID-19 Pandemic on Market in South America Countries
The List of Companies - Electric Control Panel Market
- ABB Ltd.
- Bectrol
- Cetal
- Eaton
- Leviton Manufacturing Co., Ltd.
- RITTAL GMBH & CO. KG
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- SIMON PROtec
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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