Electric Control Panel Market Report 2025 (Global Edition)

Global Electric Control Panel Market Report 2025 Market Size Split by Type (Power Control Center (PCC) Panel, Motor Control Center (MCC) Panel, Automation Panel, Distributed Control System, Human-Mach...

Electric Control Panel Market Report Description

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Electric Control Panel Market Insights Video

Competitive Landscape of the Electric Control Panel Market

The electric control panel market is competitive, featuring key players focusing on advanced technologies, like IoT and smart automation, to enhance efficiency and reliability. Regional players also compete by offering customized solutions tailored to local needs. Strategic partnerships, mergers, and acquisitions further intensify competition as companies seek to grow their market presence and improve service offerings, responding to the growing demand for automation and energy management solutions.

In November 2023, ABB decided to launch the Protecta Power panel board product, which supports flexible power distribution in various applications. Protecta Power panel board is designed for commercial, industrial, and institutional buildings and is the latest generation of panel board, integrating the latest digital monitoring and control technologies. (Source: https://new.abb.com/news/detail/109108/abb-launches-protecta-power-panel-board) In July 2023, Schneider Electric upgraded its production with enhanced functionality, app-based control, and energy monitoring, offering a cost-effective way to manage home energy and minimize utility costs. (Source: https://www.se.com/ww/en/about-us/newsroom/news/press-releases/schneider-electric-launches-ai-powered-home-energy-management-feature-for-wiser-home-66d6bac4d6b0eff3580dc113) 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. (Source: https://press.siemens.com/global/en/pressrelease/siemens-digitalizes-electrical-planning-machine-building-and-plant-engineering)

Top Companies Market Share in Electric Control Panel Industry: (In no particular order of Rank)

• Paneltronics
• ABB Ltd.
• INDUSTLABS
• Electra-Tech
• Eaton
• Power Industrial Controls
• Schneider Electric
• Keltour Controls Inc
• Rockwell Automation Inc.
• WEG
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Electric Control Panel Market

Which Region Dominates the Electric Control Panel Market in 2024?

According to Cognitive Market Research, North America currently dominates the Electric Control Panels market, and the region is expected to have significant growth during the projected period due to its advanced industrial infrastructure, significant investments in automation technologies, and a strong emphasis on energy efficiency.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rapid industrialization, increased adoption of automation technologies, and substantial investments in infrastructure projects.

The current report Scope analyzes Electric Control Panel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Electric Control Panel

According to Cognitive Market Research, the global Electric Control Panel market size was estimated at USD 6258.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2503.40 million in 2024 and will rise at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Electric Control Panel market with a market size of USD 1975.18 million in 2024 and is foreseen to rise at the CAGR of 4.5% during the forecast years due to the stringent safety regulations across manufacturing and infrastructure sectors.
• The Canada Electric Control Panel market had a market share of USD 300.41 million in 2024 and is foreseen to rise at the CAGR of 5.5% during the forecast years due to the increasing demand for automation across different industries.
• The Mexico Electric Control Panel market is foreseen to experience growth at a CAGR of 5.2% during the forecast years, with a market size of USD 227.81 million in 2024.

Europe Electric Control Panel

According to Cognitive Market Research, the global Electric Control Panel market size was estimated at USD 6258.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1877.55 million in 2024 and will rise at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• The United Kingdom Electric Control Panel market had a market share of USD 315.43 million in 2024 and is foreseen to rise at the CAGR of 5.8% during the forecast years. In the UK, Electric Control Panel sales witnessed a rise due to the surging demand for energy-efficient solutions.
• The France Electric Control Panel market is foreseen to experience growth at a CAGR of 4.2% during the forecast years, with a market size of USD 172.73 million in 2024.
• According to Cognitive Market Research, the German Electric Control Panel market size was valued at USD 371.75 million in 2024 and is foreseen to rise at a CAGR of 5.2% during the forecast years. In Germany, the Electric Control Panel surged due to the stringent regulatory standards promoting advanced safety and environmental practices.
• The Italy Electric Control Panel market is foreseen to experience growth at a CAGR of 4.4% during the forecast years, with a market size of USD 161.47 million in 2024.
• The Russia Electric Control Panel market is foreseen to experience growth at a CAGR of 4.0% during the forecast years, with a market size of USD 291.02 million in 2024.
• The Spain Electric Control Panel market is foreseen to experience growth at the CAGR of 4.1% during the forecast years with a market size of USD 153.96 million in 2024
• The Luxembourg Electric Control Panel market is foreseen to experience growth at a CAGR of 5.1% during the forecast years, with a market size of USD 58.20 million in 2024.
• The Portugal Electric Control Panel market is foreseen to experience growth at a CAGR of 4.8% during the forecast years, with a market size of USD 39.43 million in 2024.
• The Greece Electric Control Panel market is foreseen to experience growth at a CAGR of 5.3% during the forecast years, with a market size of USD 22.53 million in 2024.
• The Rest of Europe's Electric Control Panel market is foreseen to experience growth at the CAGR of 3.7% during the forecast years, with a market size of USD 291.02 million in 2024.

Asia Pacific Electric Control Panel

According to Cognitive Market Research, the global Electric Control Panel market size was estimated at USD 6258.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1439.46 million in 2024 and will rise at the compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Electric Control Panel market size was valued at USD 647.75 million in 2024 and is foreseen to rise at a CAGR of 8.0% during the forecast years. Electric Control Panels surged in China due to a growing demand for energy-efficient solutions across various sectors.
• The Japan Electric Control Panel market is foreseen to experience growth at a CAGR of 7.0% during the forecast years, with a market size of USD 198.64 million in 2024.
• The India Electric Control Panel market had a market share of USD 172.73 million in 2024 and is foreseen to rise at the CAGR of 10.3% during the forecast years due to the increased investments in renewable energy.
• The South Korean Electric Control Panel market is foreseen to experience growth at a CAGR of 7.6% during the forecast years, with a market size of USD 143.95 million in 2024.
• The Australian Electric Control Panel market is foreseen to experience growth at a CAGR of 8.2% during the forecast years, with a market size of USD 74.85 million in 2024.
• The South East Asia Electric Control Panel market is foreseen to experience growth at a CAGR of 9.5% during the forecast years, with a market size of USD 99.32 million in 2024.
• The Rest of Asia Pacific Electric Control Panel market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 102.20 million in 2024.

South America Electric Control Panel

According to Cognitive Market Research, the global Electric Control Panel market size was estimated at USD 6258.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 312.93 million in 2024 and will rise at a compound annual growth rate (CAGR) of 5.9% from the year 2024 to 2031.

• According to Cognitive Market Research, the Brazil Electric Control Panel market size was valued at USD 133.93 million in 2024 and is foreseen to rise at a CAGR of 6.5% during the forecast years. Electric Control Panels flourished in Brazil due to a growing focus on energy efficiency and smart technologies.
• Argentina's Electric Control Panel market had a market share of USD 52.57 million in 2024 and is foreseen to rise at the CAGR of 6.8% during the forecast years due to the need for enhanced energy management solutions in various sectors .
• Colombia Electric Control Panel market is foreseen to experience growth at the CAGR of 5.7% during the forecast years, with a market size of USD 27.85 million in 2024.
• Peru Electric Control Panel market is foreseen to experience growth at the CAGR of 6.1% during the forecast years, with a market size of USD 25.66 million in 2024.
• Chile Electric Control Panel market is foreseen to experience growth at the CAGR of 6.2% during the forecast years, with a market size of USD 22.53 million in 2024.
• The Rest of Latin America's Electric Control Panel market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 50.38 million in 2024.

Middle East Electric Control Panel

According to Cognitive Market Research, the global Electric Control Panel market size was estimated at USD 6258.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 125.17 million in 2024 and will rise at a compound annual growth rate (CAGR) of 6.2% from the year 2024 to 2031.

• The GCC Countries Electric Control Panel market is foreseen to experience growth at the CAGR of 7.0% during the forecast years, with a market size of USD 53.57 million in 2024. Electric Control Panel sales flourished due to the increased investments in infrastructure projects.
• The Egypt Electric Control Panel market is foreseen to experience growth at a CAGR of 6.5% during the forecast years, with a market size of USD 13.14 million in 2024.
• The South Africa Electric Control Panel market is foreseen to experience growth at a CAGR of 7.2% during the forecast period, with a market size of USD 19.78 million in 2024. Electric Control Panel sales flourished in South Africa due to the surging investments in infrastructure projects.
• The Turkey Electric Control Panel market is foreseen to experience growth at a CAGR of 5.7% during the forecast years, with a market size of USD 10.76 million in 2024.
• The Nigeria Electric Control Panel market is foreseen to experience growth at a CAGR of 5.3% during the forecast years, with a market size of USD 13.14 million in 2024.
• The Rest of the MEA Electric Control Panel market is foreseen to experience growth at the CAGR of 5.2% during the forecast years, with a market size of USD 14.77 million in 2024.

Electric Control Panel Market Analysis

How are Segments Performing in the Global Electric Control Panel Market?

Electric Control Panel Market Type Segment Analysis

According to Cognitive Market Research, motor control center (MCC) Panels are likely to dominate the Electric Control Panel Market over the forecast years due to their essential role in controlling and protecting electric motors in industrial applications. Their ability to centralize motor control, integrate advanced monitoring features, and improve energy efficiency makes MCCs vital for enhancing operational productivity and reliability across various industries.

Distributed control systems (DCSs) are the fastest-growing segment in the Electric Control Panel Market due to their ability to enhance process automation, improve operational efficiency, and enable real-time monitoring. Industries are increasingly adopting DCSs for their scalability, flexibility, and integration capabilities, driving demand for advanced electric control panel solutions.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electric Control Panel Industry. Request a Free Sample PDF!

Electric Control Panel Market Application Segment Analysis

According to Cognitive Market Research, the manufacturing and industrial fields segment held the largest share of the market owing to their extensive use in automating processes, managing equipment, and ensuring operational efficiency. As industries increasingly adopt smart technologies and automation solutions, the demand for electric control panels continues to grow, driving significant market expansion.

In the Electric Control Panel Market, the power plant sector has been expanding at a fast pace owing to the increasing demand for renewable energy sources and efficient power generation. Upgrading existing infrastructure and implementing advanced control systems for monitoring and automation enhance operational efficiency, driving substantial investments in electric control panels for power plants.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Electric Control Panel Voltage Segment Analysis

Electric Control Panel Market Voltage Segment Analysis

According to Cognitive Market Research, the medium voltage segment holds the largest market share due to its critical role in power distribution and industrial applications. They facilitate the safe and efficient management of electrical systems in commercial and industrial settings, ensuring reliable operation while meeting regulatory standards, thus driving significant demand across various sectors.

In the Electric Control Panel market, the rapidly growing sector is the high voltage category due to increasing demand for power distribution in renewable energy projects, industrial automation, and infrastructure development. As industries shift toward high-efficiency electrical systems, the need for robust high-voltage solutions to ensure safety and reliability is driving significant market growth.

• Low Voltage
• Medium Voltage
• High Voltage

Electric Control Panel Installation Type Segment Analysis

Electric Control Panel Market Installation Type Segment Analysis

According to Cognitive Market Research, the indoor control panels segment dominates the market due to their widespread application in commercial and industrial settings. They provide essential functions for managing lighting, HVAC systems, and machinery within buildings, driving demand for advanced features like automation, user-friendly interfaces, and energy efficiency, thus reinforcing their market leadership.

Outdoor control panel is projected to be the fastest-growing segment in the Electric Control Panel market due to their increasing usage in renewable energy applications, like solar and wind power. Their durability against harsh environmental conditions and the rising demand for remote monitoring and control systems further drive their growth.

• Indoor Control Panels
• Outdoor Control Panels

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion