Industrial Control Panel Market Scope, Analysis, and Trends by 2030
Industrial Control Panel Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 7.57 Billion |
Market Size by 2030 | US$ 14.7 Billion |
Global CAGR (2022 - 2030) | 8.6% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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