Electric Control Panel Market Analysis and Scope (2023 to 2030)
Electric Control Panel Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 5.51 Billion |
Market Size by 2030 | US$ 9.1 Billion |
Global CAGR (2022 - 2030) | 6.5% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Form
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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.