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Electric Control Panel Market Revenue Projected To Rise To $8.39 Billion By 2030
The electric control panel market has experienced substantial growth in recent years. Projections indicate it will expand from $6.15 billion in 2025 to $6.55 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 6.5%. The expansion witnessed in the past can be attributed to factors such as increasing industrial automation, a rise in the utilization of machinery control systems, greater deployment in manufacturing plants, a historical dependence on electromechanical control units, and the broadening of process industries.
The electric control panel market is projected to experience robust expansion over the coming years, forecast to reach $8.39 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.4%. This projected growth is primarily driven by the increasing uptake of smart factories, a surge in demand for remote monitoring solutions, the development of safety-compliant control systems, the spread of modular panel designs, and an escalating requirement for energy-efficient control systems. Significant upcoming trends encompass AI-powered predictive control panels, intelligent manufacturing processes for control panel creation, monitoring panels integrated with IoT, the incorporation of sustainable materials in control panels, and cloud-connected systems for control and automation.
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Primary Growth Driver Shaping The Electric Control Panel Market Outlook
Increasing demand for factory automation is anticipated to boost the electric control panel market’s expansion. Factory automation involves integrating automated systems across the entire production workflow. The electric control panel sector is growing, driven by a heightened requirement for equipment safety within automated factories. Moreover, the emergence of new industries and machinery has necessitated the placement of electric control panels in various locations such as workplaces, warehouses, and workshops, primarily for safety purposes. As an illustration, a report from September 2024 by the Germany-based International Federation of Robotics, a non-profit organization, indicated that industrial automation robot sales reached 4,281,585 units in 2024, marking a 10% increase from 541,302 units in 2023. Consequently, the growing demand for factory automation is projected to stimulate the expansion of the electric control panel market.
Electric Control Panel Market Structure: A Detailed Look At Segments And Subsegments
The electric control panel market covered in this report is segmented –
1) By Type: Low Tension, Medium And High Tension
2) By Form: Open, Enclosed
3) By Industry: Manufacturing, Food And Beverages, Chemical, Automotive, Power, Pharmaceutical, Oil And Gas, Aerospace And Defense
Subsegments:
1) By Low Tension: Distribution Boards, Motor Control Centers (MCCs), Switchgear Panels
2) By Medium Tension: Medium Voltage Switchgear, Control Panels For Substations
3) By High Tension: High Voltage Switchgear, Protection And Control Panels
Electric Control Panel Market Innovation And Strategy Trends Among Leading Companies
Leading firms within the electric control panel market are creating innovative products, such as the Resi9 Energy Center, to enhance functionality and meet evolving energy management needs. This Resi9 Energy Center represents a sophisticated electrical panel distribution system designed to safeguard electrical installations in homes equipped with new energy landscape devices and renewables. For instance, in April 2024, Schneider Electric, an energy management company based in France, launched the Resi9 Energy Center. The Resi9 Energy Center serves as a retrofit solution specifically developed for prosumer homes in the French market. It upgrades traditional electrical panels to more effectively manage the increasing demand for electricity from modern energy sources, including solar panels and electric vehicle chargers. Its seamless integration with current electrical panels makes it suitable for both retrofit and renovation projects.
Top Companies Competing In The Electric Control Panel Market
Major companies operating in the electric control panel market are ABB Ltd., Siemens AG, Eaton Corporation PLC, Rockwell Automation Inc., SIMON PROtec Deutschland GmbH, General Electric Company, Leviton Manufacturing Company Inc., Paneltronics Inc., CETAL SAS, Bectrol Inc., Penbro Kelnick (Pty) Ltd., Konark Automation, B&B Assemblies LLC, Schneider Electric SE, Honeywell International Incorporation, Emerson Electric Company, Simplex System Controls Inc., Walther Electric Inc., Horlick Technologies LLC, Avatar Instruments Corporation, Mitsubishi Electric Factory Automation, AmSafe Inc., Precision Mfg. Co. Inc., Custom Manufacturing & Engineering Inc., Rittal GmbH & Co. KG, Phoenix Contact GmbH & Co. KG, Chint Group Co. Ltd., WEG Electric Corporation, Delta Electronics Inc., Fuji Electric Co. Ltd.
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Electric Control Panel Market Regional Outlook Across Major Geographies
Asia-Pacific was the largest region in the electric control panel market share in 2025. The regions covered in the electric control panel market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
