The industrial control panel market size is projected to reach US$ 14.7 billion by 2030 from US$ 7.57 billion in 2022. The market is expected to register a CAGR of 8.6% during 2022–2030. Technological advancement in industrial control panels is likely to remain a key trend in the market.
Industrial Control Panel Market Analysis
The industrial control panel market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period. The industrial control panel market is growing owing to factors such as the construction of new manufacturing facilities and warehouses, a rise in the demand for factory automation, and supportive government standards and regulations. Automation of various industries and growing mining activities are some of the factors anticipated to provide lucrative opportunities for the industrial control panel market growth.
Industrial Control Panel Market Overview
An industrial control panel is an assembly of two or more components, such as switches, circuit breakers, motor controllers, and control devices. They are used in many different end-use applications, including production, assembly, conveying, and the operation of industrial electric motors and drives. Control panel builders are responsible for the construction of electric control panels for manufacturing machinery and other various types of equipment.
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Industrial Control Panel Market: Strategic Insights
Market Size Value in US$ 7.57 billion in 2022 Market Size Value by US$ 14.70 billion by 2030 Growth rate CAGR of 8.6% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Industrial Control Panel Market: Strategic Insights
| Market Size Value in | US$ 7.57 billion in 2022 |
| Market Size Value by | US$ 14.70 billion by 2030 |
| Growth rate | CAGR of 8.6% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Industrial Control Panel Market Drivers and Opportunities
Construction of New Manufacturing Facilities and Warehouses to Favor Market
The construction of manufacturing facilities and warehouses for producing and storing goods is growing worldwide, majorly in developed and developing countries. For instance, in Q2 of 2022, the construction of four semiconductor chip manufacturing plants started in Texas, the US. The project aims to strengthen the domestic supply chain of semiconductors and is expected to be completed in Q4 2030. Similarly, the construction of a flash memory manufacturing facility commenced in Q2 2022 in Japan. The project aims to meet the rising demand for NAND flash memory devices and is expected to finish in Q4 2023. Also, in Q2 of 2023, the construction of the Krishnagiri EV manufacturing park started in India. The project includes the construction of an EV four-wheeler manufacturing plant and an EV cell manufacturing plant. The project is expected to be completed in Q4 2026 to increase the production of EVs and their parts in the country. Furthermore, in July 2023, Fluidra announced that the construction of a new distribution warehouse in Sant Feliu de Buixalleu (Girona) had started. The warehouse is expected to be up and running by April 2024. The development of this warehouse will allow the company to centralize stock and enhance product delivery services in response to the high demand in Southern European markets. The demand for industrial control panels is expected to rise in the above facilities as they help monitor and regulate various operations, including motor control, temperature management, lighting control, and process control. Thus, the growing construction of manufacturing plants and warehouses is expected to create an opportunity for the growth of the industrial control panel market.
Automation of Various Industries
Industrial control panels are now more crucial than ever and more complex than ever since so many more industrial organizations are automating and integrating robotics into their production processes. Industrial control panels are an integral part of modern industry, responsible for controlling and automating various industrial processes. Industrial control panels can perform both simple and complex processes by employing relays, timers, sensors, starters, and controllers to support the automation of various industries.
Industrial Control Panel Market Report Segmentation Analysis
Key segments that contributed to the derivation of the industrial control panel market analysis are component and application.
- Based on the components, the industrial control panel market is divided into control devices, fused disconnect switches, motor controllers, circuit breakers, relays, and others. The control devices segment will hold a significant market share in 2022.
- By application, the market is segmented into manufacturing, food and beverages, oil and gas, chemical industry, automotive, and others. The manufacturing segment held the largest market share in 2022.
Industrial Control Panel Market Share Analysis by Geography
The geographic scope of the industrial control panel market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The North American industrial control panel market is segmented into the US, Canada, and Mexico. Industrial control panels play a crucial role in the automotive industry by facilitating efficient and safe operations in the manufacturing processes. These panels are fundamental in automating and controlling various production stages, from assembly lines to quality control. The growing sale of automobiles is driving the market in the region. For instance, according to the American Chemistry Council (ACC), in June 2023, the sale of light vehicles rose by 15 million and is projected to increase by 15.4 million by the end of 2024, which increases the demand for industrial control panels among automotive manufacturers. The key function of the industrial control panel in the automobile industry is process control. Automotive manufacturers use industrial control panels to regulate parameters such as speed, pressure, and temperature monitoring by ensuring consistency and maintaining tolerance in the production process. For instance, industrial control panels are highly used in the painting booths to maintain the ideal temperature and humidity level in the paint application. The growing number of vehicle sales requires industrial control panels in the painting application.
Industrial Control Panel Market Report Scope
Industrial Control Panel Market News and Recent Developments
The industrial control panel market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the industrial control panel market are listed below:
- ABB announced the launch of the Protecta Power panel board supporting flexible power distribution. Protecta Power is ABB‘s latest generation of panel board, integrating the latest digital monitoring and control technologies. Protecta Power ensures stable and reliable power distribution and enables smart electrical distribution within commercial, institutional, infrastructure, and institutional buildings. (Source: ABB, Press Release, November 2023)
- Industry automation solutions provider Omron Automation Americas added advancements to its' panel solutions with the new MY-GS-R relay. This addition allows users to verify the operational state accurately while encompassing the other key features, such as vibration resistance, reduced wiring times, and unified component dimensions. This relay can be integrated into broad industries with a variety of different applications, including food processing, packaging machinery, palletizing/de-palletizing, assembling, and material handling. (Source: Omron Automation Americas, Press Release, October 2023)
Industrial Control Panel Market Report Coverage and Deliverables
The “Industrial Control Panel Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Industrial control panel market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Industrial control panel market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industrial control panel market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the industrial control panel market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The leading players operating in the industrial control panel market are ABB, Bectrol, Eaton, Siemens, Omron Corporation, Rockwell Automation, Rittal GmbH & Co. KG, Schneider Electric, Franzosi s.n.c., CETAL S.A.S.
North America is expected to dominate the industrial control panel market with the highest market share in 2022.
The industrial control panel market size is projected to reach US$ 14.7 billion by 2030.
The global industrial control panel market is expected to grow at a CAGR of 8.6% during the forecast period 2022 - 2030.
Construction of new manufacturing facilities and warehouses, a rise in the demand for factory automation, and supportive government standards, and regulations are the major factors driving the industrial control panel market.
Technological advancement in industrial control panels is anticipated to play a significant role in the global industrial control panel market in the coming years.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Industrial Control Panel Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain
5. Industrial Control Panel Market - Key Industry Dynamics
5.1 Industrial Control Panel Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rise in Demand for Factory Automation
5.2.2 Supportive Government Standards and Regulations
5.3 Market Restraints
5.3.1 High Deployment and Replacement Costs of Industrial Control Panels
5.4 Market Opportunities
5.4.1 Construction of New Manufacturing Facilities and Warehouses
5.4.2 Technological Advancements in Industrial Control Panels
5.5 Future Trends
5.5.1 Growing Mining Activities
5.6 Impact of Drivers and Restraints:
6. Industrial Control Panel Market - Global Market Analysis
6.1 Industrial Control Panel Market Revenue (US$ Million), 2022 – 2030
6.2 Industrial Control Panel Market Forecast and Analysis
7. Industrial Control Panel Market Analysis - Component
7.1 Control Devices
7.1.1 Overview
7.1.2 Control Devices Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Fused Disconnect Switches
7.2.1 Overview
7.2.2 Fused Disconnect Switches Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Motor Controllers
7.3.1 Overview
7.3.2 Motor Controllers Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Circuit Breakers
7.4.1 Overview
7.4.2 Circuit Breakers Market, Revenue and Forecast to 2030 (US$ Million)
7.5 Relays
7.5.1 Overview
7.5.2 Relays Market, Revenue and Forecast to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
8. Industrial Control Panel Market Analysis - Application
8.1 Manufacturing
8.1.1 Overview
8.1.2 Manufacturing Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Food and Beverages
8.2.1 Overview
8.2.2 Food and Beverages Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Oil and Gas
8.3.1 Overview
8.3.2 Oil and Gas Market Revenue, and Forecast to 2030 (US$ Million)
8.4 Chemical Industry
8.4.1 Overview
8.4.2 Chemical Industry Market Revenue, and Forecast to 2030 (US$ Million)
8.5 Automotive
8.5.1 Overview
8.5.2 Automotive Market Revenue, and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
9. Industrial Control Panel Market - Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Industrial Control Panel Market Overview
9.2.2 North America Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.3 North America Industrial Control Panel Market Breakdown by Component
9.2.3.1 North America Industrial Control Panel Market Revenue and Forecasts and Analysis - By Component
9.2.4 North America Industrial Control Panel Market Breakdown by Application
9.2.4.1 North America Industrial Control Panel Market Revenue and Forecasts and Analysis - Application
9.2.5 North America Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.2.5.1 North America Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.2.5.2 US Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.5.2.1 US Industrial Control Panel Market Breakdown by Component
9.2.5.2.2 US Industrial Control Panel Market Breakdown by Application
9.2.5.3 Canada Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.5.3.1 Canada Industrial Control Panel Market Breakdown by Component
9.2.5.3.2 Canada Industrial Control Panel Market Breakdown by Application
9.2.5.4 Mexico Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.5.4.1 Mexico Industrial Control Panel Market Breakdown by Component
9.2.5.4.2 Mexico Industrial Control Panel Market Breakdown by Application
9.3 Europe
9.3.1 Europe Industrial Control Panel Market Overview
9.3.2 Europe Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.3 Europe Industrial Control Panel Market Breakdown by Component
9.3.3.1 Europe Industrial Control Panel Market Revenue and Forecasts and Analysis - By Component
9.3.4 Europe Industrial Control Panel Market Breakdown by Application
9.3.4.1 Europe Industrial Control Panel Market Revenue and Forecasts and Analysis - By Application
9.3.5 Europe Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.3.5.1 Europe Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.3.5.2 Germany Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.2.1 Germany Industrial Control Panel Market Breakdown by Component
9.3.5.2.2 Germany Industrial Control Panel Market Breakdown by Application
9.3.5.3 France Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.3.1 France Industrial Control Panel Market Breakdown by Component
9.3.5.3.2 France Industrial Control Panel Market Breakdown by Application
9.3.5.4 Italy Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.4.1 Italy Industrial Control Panel Market Breakdown by Component
9.3.5.4.2 Italy Industrial Control Panel Market Breakdown by Application
9.3.5.5 United Kingdom Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.5.1 United Kingdom Industrial Control Panel Market Breakdown by Component
9.3.5.5.2 United Kingdom Industrial Control Panel Market Breakdown by Application
9.3.5.6 Russia Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.6.1 Russia Industrial Control Panel Market Breakdown by Component
9.3.5.6.2 Russia Industrial Control Panel Market Breakdown by Application
9.3.5.7 Rest of Europe Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.7.1 Rest of Europe Industrial Control Panel Market Breakdown by Component
9.3.5.7.2 Rest of Europe Industrial Control Panel Market Breakdown by Application
9.4 Asia Pacific
9.4.1 Asia Pacific Industrial Control Panel Market Overview
9.4.2 Asia Pacific Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.3 Asia Pacific Industrial Control Panel Market Breakdown by Component
9.4.3.1 Asia Pacific Industrial Control Panel Market Revenue and Forecasts and Analysis - By Component
9.4.4 Asia Pacific Industrial Control Panel Market Breakdown by Application
9.4.4.1 Asia Pacific Industrial Control Panel Market Revenue and Forecasts and Analysis - By Application
9.4.5 Asia Pacific Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.4.5.1 Asia Pacific Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.4.5.2 China Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.2.1 China Industrial Control Panel Market Breakdown by Component
9.4.5.2.2 China Industrial Control Panel Market Breakdown by Application
9.4.5.3 Japan Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.3.1 Japan Industrial Control Panel Market Breakdown by Component
9.4.5.3.2 Japan Industrial Control Panel Market Breakdown by Application
9.4.5.4 South Korea Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.4.1 South Korea Industrial Control Panel Market Breakdown by Component
9.4.5.4.2 South Korea Industrial Control Panel Market Breakdown by Application
9.4.5.5 India Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.5.1 India Industrial Control Panel Market Breakdown by Component
9.4.5.5.2 India Industrial Control Panel Market Breakdown by Application
9.4.5.6 Australia Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.6.1 Australia Industrial Control Panel Market Breakdown by Component
9.4.5.6.2 Australia Industrial Control Panel Market Breakdown by Application
9.4.5.7 Rest of Asia Pacific Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.7.1 Rest of Asia Pacific Industrial Control Panel Market Breakdown by Component
9.4.5.7.2 Rest of Asia Pacific Industrial Control Panel Market Breakdown by Application
9.5 Middle East & Africa
9.5.1 Middle East & Africa Industrial Control Panel Market Overview
9.5.2 Middle East & Africa Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.3 Middle East & Africa Industrial Control Panel Market Breakdown by Component
9.5.3.1 Middle East & Africa Industrial Control Panel Market Revenue and Forecasts and Analysis - By Component
9.5.4 Middle East & Africa Industrial Control Panel Market Breakdown by Application
9.5.4.1 Middle East & Africa Industrial Control Panel Market Revenue and Forecasts and Analysis - By Application
9.5.5 Middle East & Africa Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.5.5.1 Middle East & Africa Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.5.5.2 Saudi Arabia Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.5.2.1 Saudi Arabia Industrial Control Panel Market Breakdown by Component
9.5.5.2.2 Saudi Arabia Industrial Control Panel Market Breakdown by Application
9.5.5.3 UAE Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.5.3.1 UAE Industrial Control Panel Market Breakdown by Component
9.5.5.3.2 UAE Industrial Control Panel Market Breakdown by Application
9.5.5.4 South Africa Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.5.4.1 South Africa Industrial Control Panel Market Breakdown by Component
9.5.5.4.2 South Africa Industrial Control Panel Market Breakdown by Application
9.5.5.5 Rest of MEA Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.5.5.1 Rest of MEA Industrial Control Panel Market Breakdown by Component
9.5.5.5.2 Rest of MEA Industrial Control Panel Market Breakdown by Application
9.6 South America
9.6.1 South America Industrial Control Panel Market Overview
9.6.2 South America Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.6.3 South America Industrial Control Panel Market Breakdown by Component
9.6.3.1 South America Industrial Control Panel Market Revenue and Forecasts and Analysis - By Component
9.6.4 South America Industrial Control Panel Market Breakdown by Application
9.6.4.1 South America Industrial Control Panel Market Revenue and Forecasts and Analysis - By Application
9.6.5 South America Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.6.5.1 South America Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.6.5.2 Brazil Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.6.5.2.1 Brazil Industrial Control Panel Market Breakdown by Component
9.6.5.2.2 Brazil Industrial Control Panel Market Breakdown by Application
9.6.5.3 Argentina Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.6.5.3.1 Argentina Industrial Control Panel Market Breakdown by Component
9.6.5.3.2 Argentina Industrial Control Panel Market Breakdown by Application
9.6.5.4 Rest of SAM Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.6.5.4.1 Rest of SAM Industrial Control Panel Market Breakdown by Component
9.6.5.4.2 Rest of SAM Industrial Control Panel Market Breakdown by Application
10. Industrial Control Panel Market – Impact of COVID-19 Pandemic
10.1 Pre & Post Covid-19 Impact
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
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 Eaton Corp Plc
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 OMRON Corp
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 Rockwell Automation 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 Schneider Electric SE
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 Siemens AG
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 CETAL SAS
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 Franzosi Snc
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. Industrial Control Panel Market Segmentation
Table 2. Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Million) – Component
Table 4. Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Million) - Application
Table 5. North America Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 6. North America Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 7. North America Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 8. US Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 9. US Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. Canada Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 11. Canada Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 12. Mexico Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 13. Mexico Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 14. Europe Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 15. Europe Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 16. Europe Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 17. Germany Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 18. Germany Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 19. France Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 20. France Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 21. Italy Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 22. Italy Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 23. United Kingdom Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 24. United Kingdom Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 25. Russia Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 26. Russia Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 27. Rest of Europe Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 28. Rest of Europe Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 29. Asia Pacific Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 30. Asia Pacific Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 31. Asia Pacific Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 32. China Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 33. China Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 34. Japan Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 35. Japan Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 36. South Korea Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 37. South Korea Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 38. India Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 39. India Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 40. Australia Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 41. Australia Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 42. Rest of Asia Pacific Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 43. Rest of Asia Pacific Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 44. Middle East & Africa Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 45. Middle East & Africa Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 46. Middle East & Africa Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 47. Saudi Arabia Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 48. Saudi Arabia Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 49. UAE Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 50. UAE Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 51. South Africa Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 52. South Africa Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 53. Rest of MEA Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 54. Rest of MEA Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 55. South America Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 56. South America Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 57. South America Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 58. Brazil Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 59. Brazil Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 60. Argentina Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 61. Argentina Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 62. Rest of SAM Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 63. Rest of SAM Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 64. Heat Map Analysis By Key Players
Table 65. List of Abbreviation
List of Figures
Figure 1. Industrial Control Panel Market Segmentation, By Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Industrial Control Panel Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Industrial Control Panel Market Breakdown by Geography, 2022 and 2030 (%)
Figure 6. Industrial Control Panel Market Revenue (US$ Million), 2022 – 2030
Figure 7. Industrial Control Panel Market Share (%) – Component, 2022 and 2030
Figure 8. Control Devices Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Fused Disconnect Switches Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Motor Controllers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Circuit Breakers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Relays Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Industrial Control Panel Market Share (%) Application, 2022 and 2030
Figure 15. Manufacturing Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Food and Beverages Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Oil and Gas Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Chemical Industry Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Automotive Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Industrial Control Panel Market Breakdown by Region, 2022 and 2030 (%)
Figure 22. Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Industrial Control Panel Market Breakdown by Component (2022 and 2030)
Figure 24. Industrial Control Panel Market Breakdown by Application (2022 and 2030)
Figure 25. Industrial Control Panel Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 26. US Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Canada Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. Mexico Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 29. Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 30. Industrial Control Panel Market Breakdown by Component (2022 and 2030)
Figure 31. Industrial Control Panel Market Breakdown by Application (2022 and 2030)
Figure 32. Industrial Control Panel Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 33. Germany Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 34. France Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 35. Italy Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 36. United Kingdom Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 37. Russia Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 38. Rest of Europe Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 39. Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 40. Industrial Control Panel Market Breakdown by Component (2022 and 2030)
Figure 41. Industrial Control Panel Market Breakdown by Application (2022 and 2030)
Figure 42. Industrial Control Panel Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 43. China Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 44. Japan Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 45. South Korea Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 46. India Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 47. Australia Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 48. Rest of Asia Pacific Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 49. Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 50. Industrial Control Panel Market Breakdown by Component (2022 and 2030)
Figure 51. Industrial Control Panel Market Breakdown by Application (2022 and 2030)
Figure 52. Industrial Control Panel Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 53. Saudi Arabia Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 54. UAE Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 55. South Africa Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 56. Rest of MEA Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 57. Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 58. Industrial Control Panel Market Breakdown by Component (2022 and 2030)
Figure 59. Industrial Control Panel Market Breakdown by Application (2022 and 2030)
Figure 60. Industrial Control Panel Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 61. Brazil Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 62. Argentina Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 63. Rest of SAM Industrial Control Panel Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 64. Company Positioning & Concentration
The List of Companies – Industrial Control Panel Market
- ABB Ltd
- Bectrol
- Eaton Corp Plc
- OMRON Corp
- Rockwell Automation Inc
- Rittal GmbH & Co KG
- Schneider Electric SE
- Siemens AG
- CETAL SAS
- Franzosi Snc
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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