Market Overview:
The global electric control panel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric control panels in various applications such as power generation, automotive industries, oil and gas, aerospace, food and beverage, and automation industry. In addition, the growing demand for electric vehicles is also contributing to the growth of the global electric control panel market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. Based on type, low tension control panels accounted for a major share of the global electric control panel market in 2017. This segment is projected to grow at a CAGR of 5% during 2018-2030 owing to its wide usage across various industrial applications including power generation and automotive industries among others.
Product Definition:
An electric control panel is a component of an industrial electrical system that houses the switches, circuit breakers, and meters used to control the electrical current to equipment. Electric control panels are important because they protect people and equipment from being injured or damaged by electrical faults.
Low Tension Control Panels:
Low tension control panels are used in electric control panels to provide a stable platform and improved ergonomics. They are available in different forms such as steps, risers, or blocks. The most common type of low tension control panel is the step which can be seen in almost all types of electric control panels.
High Tension Control Panels:
High-tension control panels are used in electric control panels to provide insulation and protection from high voltage. They are installed between the switchgear and the main electrical components of an installation. The primary function of these boards is to prevent direct contact between circuits as well as providing a path for heat transfer.
Application Insights:
The power generation segment dominated the global electric control panel market in 2017 and is expected to witness significant growth over the forecast period. The growing demand for electrical energy, particularly in developing countries such as India, China, and Brazil is anticipated to drive industry growth over the forecast period. In addition, a rise in demand for controlling large-scale power generation equipment used at coal-fired plants is projected to propel product demand from 2018 to 2030.
Automotive industries are also estimated to be one of the prominent end users of these panels due to their increasing usage across infotainment systems and lighting applications among others. Moreover, they are also extensively used across various other industries including food & beverage processing where they control refrigerators or freezers among others that require precise temperature controls along with high durability and reliability requirements.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from countries, such as China, India, Japan, South Korea, Taiwan and Indonesia. Rapid industrialization coupled with growing infrastructure activities is also anticipated to fuel product demand in this region.
China has been witnessing rapid urbanization on account of strong economic growth since 2010. This trend was reflected in various other emerging economies like Brazil and Russia as well due to which major players are focusing on developing control systems for use across multiple industries including oil & gas (petrochemical), power generation (gas turbines), automation industry etc., thereby boosting the overall market growth across APAC region.
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in smart grid infrastructure
- Proliferation of renewable energy sources
- Rising concerns over energy security and climate change
- Advances in digital technologies and automation
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Control Panel Market Research Report
By Type
Low Tension Control Panels, High Tension Control Panels, Instrument Control Panels, Motor Control Panels, Lighting Control Panels, Generator Control Panels
By Application
Power Generation, Automotive Industries, Oil and Gas, Aerospace, Food and Beverage, Automation Industry, Others
By Companies
Schneider Electric, ABB, Siemens, GE, NSI, SIMON, Leviton, KBMC, Paneltronics, Penrbo Kelnick, Schneider Electric, B&B Assemblies, PandAria
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Electric Control Panel Market Report Segments:
The global Electric Control Panel market is segmented on the basis of:
Types
Low Tension Control Panels, High Tension Control Panels, Instrument Control Panels, Motor Control Panels, Lighting Control Panels, Generator Control Panels
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation, Automotive Industries, Oil and Gas, Aerospace, Food and Beverage, Automation Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schneider Electric
- ABB
- Siemens
- GE
- NSI
- SIMON
- Leviton
- KBMC
- Paneltronics
- Penrbo Kelnick
- Schneider Electric
- B&B Assemblies
- PandAria
Highlights of The Electric Control Panel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Tension Control Panels
- High Tension Control Panels
- Instrument Control Panels
- Motor Control Panels
- Lighting Control Panels
- Generator Control Panels
- By Application:
- Power Generation
- Automotive Industries
- Oil and Gas
- Aerospace
- Food and Beverage
- Automation Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Control Panel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric control panel is a device that allows you to operate your home's electrical systems from a remote location.
Some of the key players operating in the electric control panel market are Schneider Electric, ABB, Siemens, GE, NSI, SIMON, Leviton, KBMC, Paneltronics, Penrbo Kelnick, Schneider Electric, B&B Assemblies, PandAria.
The electric control panel market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Control Panel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Control Panel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Control Panel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Control Panel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Control Panel Market Size & Forecast, 2020-2028
4.5.1 Electric Control Panel Market Size and Y-o-Y Growth
4.5.2 Electric Control Panel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Tension Control Panels
5.2.2 High Tension Control Panels
5.2.3 Instrument Control Panels
5.2.4 Motor Control Panels
5.2.5 Lighting Control Panels
5.2.6 Generator Control Panels
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Automotive Industries
6.2.3 Oil and Gas
6.2.4 Aerospace
6.2.5 Food and Beverage
6.2.6 Automation Industry
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Control Panel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Control Panel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Tension Control Panels
9.6.2 High Tension Control Panels
9.6.3 Instrument Control Panels
9.6.4 Motor Control Panels
9.6.5 Lighting Control Panels
9.6.6 Generator Control Panels
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Automotive Industries
9.10.3 Oil and Gas
9.10.4 Aerospace
9.10.5 Food and Beverage
9.10.6 Automation Industry
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Tension Control Panels
10.6.2 High Tension Control Panels
10.6.3 Instrument Control Panels
10.6.4 Motor Control Panels
10.6.5 Lighting Control Panels
10.6.6 Generator Control Panels
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Automotive Industries
10.10.3 Oil and Gas
10.10.4 Aerospace
10.10.5 Food and Beverage
10.10.6 Automation Industry
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Tension Control Panels
11.6.2 High Tension Control Panels
11.6.3 Instrument Control Panels
11.6.4 Motor Control Panels
11.6.5 Lighting Control Panels
11.6.6 Generator Control Panels
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Automotive Industries
11.10.3 Oil and Gas
11.10.4 Aerospace
11.10.5 Food and Beverage
11.10.6 Automation Industry
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Tension Control Panels
12.6.2 High Tension Control Panels
12.6.3 Instrument Control Panels
12.6.4 Motor Control Panels
12.6.5 Lighting Control Panels
12.6.6 Generator Control Panels
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Automotive Industries
12.10.3 Oil and Gas
12.10.4 Aerospace
12.10.5 Food and Beverage
12.10.6 Automation Industry
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Tension Control Panels
13.6.2 High Tension Control Panels
13.6.3 Instrument Control Panels
13.6.4 Motor Control Panels
13.6.5 Lighting Control Panels
13.6.6 Generator Control Panels
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Automotive Industries
13.10.3 Oil and Gas
13.10.4 Aerospace
13.10.5 Food and Beverage
13.10.6 Automation Industry
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Control Panel Market: Competitive Dashboard
14.2 Global Electric Control Panel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 ABB
14.3.3 Siemens
14.3.4 GE
14.3.5 NSI
14.3.6 SIMON
14.3.7 Leviton
14.3.8 KBMC
14.3.9 Paneltronics
14.3.10 Penrbo Kelnick
14.3.11 Schneider Electric
14.3.12 B&B Assemblies
14.3.13 PandAria
