Market Overview:
The global industrial control panels 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 automation in various industries, such as chemical, steel, cement, automotive, food & beverages, power and oil and gas among others. Additionally, the growing trend of Industry 4.0 is also expected to fuel the demand for industrial control panels during the forecast period. Based on type, open industrial control panel held a major share of the global market in 2017 and is projected to maintain its dominance during the forecast period. This can be attributed to their low cost as compared to enclosed industrial control panels and easy installation process.
Product Definition:
Industrial Control Panels are devices that allow operators to control and monitor industrial processes. They vary in size and complexity, but all provide a way for the operator to input commands, view process information, and make adjustments as necessary. Industrial Control Panels are important because they allow operators to safely and efficiently control industrial processes.
Open Industrial Control Panel:
An open industrial control panel is a networked hardware system that provides information and allows operators to monitor the operations of one or more machines. It can be used in any process where there are several machine systems, which need to be monitored from a central location for quality assurance and system diagnostics.
Enclosed Industrial Control Panel:
The global enclosed industrial control panel and it's usage in industrial control panels market size was valued at USD 6.5 billion in 2016. It is expected to witness a CAGR of XX% over the forecast period.
SCADA system refers to Supervisory Control.
Application Insights:
The application segment is bifurcated into chemical industry, steel industry, cement industry, automotive industry, food and beverages industry, power generation sector and oil and gas sector. The chemical sector dominated the global control panels market in terms of revenue in 2017. This is attributed to the rising demand for chemicals across various end-use industries such as pharmaceuticals and electronics. Moreover, a growing number of industrial plants coupled with increasing R&D investments by major players are expected to augment product demand over the forecast period.
Automotive was another prominent segment that accounted for a significant share in 2017 owing to an upsurge in manufacturing activities across several countries worldwide including China India Japan South Korea Australia Mexico Brazil etcetera). A rise in consumer preference for advanced technology vehicles along with stringent government regulations regarding energy consumption has resulted in increased production of electric vehicles globally which will drive product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrial automation, which is driving the demand for control panels. China holds a significant share of this market owing to its large manufacturing sector, including heavy industries such as steel and chemicals.
The Middle East & Africa (MEA) region is anticipated to witness substantial growth over the forecast period owing to increasing government investments in various sectors including oil and gas, water and wastewater management, healthcare among others.
Growth Factors:
- Increasing demand for automation in industries to improve efficiency and productivity
- Rising investment in industrial infrastructure by developing countries
- Proliferation of smart factories and IIoT across various industry verticals
- Growing need for safety and security in industrial installations
- Emergence of next-generation control panels with enhanced features
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Control Panels Market Research Report
By Type
Open Industrial Control Panel, Enclosed Industrial Control Panel
By Application
Chemical Industry, Steel Industry, Cement Industry, Automotive Industry, Food & Beverages Industry, Power Industry, Oil and Gas Industry, Water and Wastewater Industry, Others
By Companies
ABB, OMRON Corporation, General Electric, Bectrol, Schneider Electric, Siemens, Eaton, Franzosi s.n.c., Horizons, Inc., IYYM, KgGuruji, Rockwell Automation
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Control Panels Market Report Segments:
The global Industrial Control Panels market is segmented on the basis of:
Types
Open Industrial Control Panel, Enclosed Industrial Control Panel
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
Chemical Industry, Steel Industry, Cement Industry, Automotive Industry, Food & Beverages Industry, Power Industry, Oil and Gas Industry, Water and Wastewater 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:
- ABB
- OMRON Corporation
- General Electric
- Bectrol
- Schneider Electric
- Siemens
- Eaton
- Franzosi s.n.c.
- Horizons, Inc.
- IYYM
- KgGuruji
- Rockwell Automation
Highlights of The Industrial Control Panels 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:
- Open Industrial Control Panel
- Enclosed Industrial Control Panel
- By Application:
- Chemical Industry
- Steel Industry
- Cement Industry
- Automotive Industry
- Food & Beverages Industry
- Power Industry
- Oil and Gas Industry
- Water and Wastewater 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 Industrial Control Panels 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
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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?
Industrial control panels (ICP) are a type of computer system used in industrial plants to monitor and control various processes. ICPs typically include input devices such as keyboards, touch screens, and pointing devices, output devices such as monitors and printers, communication interfaces for linking to other systems within the plant, and software that allows operators to manage the plant's operations.
Some of the major companies in the industrial control panels market are ABB, OMRON Corporation, General Electric, Bectrol, Schneider Electric, Siemens, Eaton, Franzosi s.n.c., Horizons, Inc., IYYM, KgGuruji, Rockwell Automation.
The industrial control panels 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 Industrial Control Panels 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 Industrial Control Panels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Control Panels 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 Industrial Control Panels 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 Industrial Control Panels Market Size & Forecast, 2018-2028
4.5.1 Industrial Control Panels Market Size and Y-o-Y Growth
4.5.2 Industrial Control Panels Market Absolute $ Opportunity
Chapter 5 Global Industrial Control Panels 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 Industrial Control Panels Market Size Forecast by Type
5.2.1 Open Industrial Control Panel
5.2.2 Enclosed Industrial Control Panel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Control Panels 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 Industrial Control Panels Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Steel Industry
6.2.3 Cement Industry
6.2.4 Automotive Industry
6.2.5 Food & Beverages Industry
6.2.6 Power Industry
6.2.7 Oil and Gas Industry
6.2.8 Water and Wastewater Industry
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Control Panels 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 Industrial Control Panels 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 Industrial Control Panels Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Control Panels 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 Industrial Control Panels Market Size Forecast by Type
9.6.1 Open Industrial Control Panel
9.6.2 Enclosed Industrial Control Panel
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 Industrial Control Panels Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Steel Industry
9.10.3 Cement Industry
9.10.4 Automotive Industry
9.10.5 Food & Beverages Industry
9.10.6 Power Industry
9.10.7 Oil and Gas Industry
9.10.8 Water and Wastewater Industry
9.10.9 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 Industrial Control Panels Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Control Panels 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 Industrial Control Panels Market Size Forecast by Type
10.6.1 Open Industrial Control Panel
10.6.2 Enclosed Industrial Control Panel
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 Industrial Control Panels Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Steel Industry
10.10.3 Cement Industry
10.10.4 Automotive Industry
10.10.5 Food & Beverages Industry
10.10.6 Power Industry
10.10.7 Oil and Gas Industry
10.10.8 Water and Wastewater Industry
10.10.9 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 Industrial Control Panels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Control Panels 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 Industrial Control Panels Market Size Forecast by Type
11.6.1 Open Industrial Control Panel
11.6.2 Enclosed Industrial Control Panel
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 Industrial Control Panels Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Steel Industry
11.10.3 Cement Industry
11.10.4 Automotive Industry
11.10.5 Food & Beverages Industry
11.10.6 Power Industry
11.10.7 Oil and Gas Industry
11.10.8 Water and Wastewater Industry
11.10.9 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 Industrial Control Panels Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Control Panels 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 Industrial Control Panels Market Size Forecast by Type
12.6.1 Open Industrial Control Panel
12.6.2 Enclosed Industrial Control Panel
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 Industrial Control Panels Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Steel Industry
12.10.3 Cement Industry
12.10.4 Automotive Industry
12.10.5 Food & Beverages Industry
12.10.6 Power Industry
12.10.7 Oil and Gas Industry
12.10.8 Water and Wastewater Industry
12.10.9 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) Industrial Control Panels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Control Panels 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) Industrial Control Panels Market Size Forecast by Type
13.6.1 Open Industrial Control Panel
13.6.2 Enclosed Industrial Control Panel
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) Industrial Control Panels Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Steel Industry
13.10.3 Cement Industry
13.10.4 Automotive Industry
13.10.5 Food & Beverages Industry
13.10.6 Power Industry
13.10.7 Oil and Gas Industry
13.10.8 Water and Wastewater Industry
13.10.9 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 Industrial Control Panels Market: Competitive Dashboard
14.2 Global Industrial Control Panels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 OMRON Corporation
14.3.3 General Electric
14.3.4 Bectrol
14.3.5 Schneider Electric
14.3.6 Siemens
14.3.7 Eaton
14.3.8 Franzosi s.n.c.
14.3.9 Horizons, Inc.
14.3.10 IYYM
14.3.11 KgGuruji
14.3.12 Rockwell Automation
