Dublin, Nov. 04, 2022 (GLOBE NEWSWIRE) -- The "Electric Control Panel Market Forecast to 2030 - COVID-19 Impact and Global Analysis by Form, Type, and Industry" report has been added to ResearchAndMarkets.com's offering.
The Electric Control Panel Market size is expected to grow from US$ 5,507.35 million in 2022 to US$ 9,096.16 million by 2030.
Factory automation in manufacturing environments frequently employs pneumatic systems, hydraulic systems, and robotic arms to produce a more complicated system. Superior energy efficiency, stringent safety regulations, and better design result in outstanding production levels in automated factories.
Moreover, automation can help lower process costs and ensure workers' safety in adverse environments. An electrical control panel is a group of electrical devices that use electricity to regulate the mechanical functioning of industrial machinery or equipment. The existing renewable energy sources (RES) system is integrated with digital information processing and enhanced telemetry systems in the smart grid SCADA system.
The rising integration and automation of the electric microgrid and utility grids presents new energy management development aspects. The rise in demand for factory automation serves as a significant driving force for the electric control panel market. Additionally, increased investments in new construction and production prompt the expansion of electrical installations in warehouses, factories, distribution facilities, etc. The implementation of control panels in renewable energy production and distribution applications is another factor driving the electric control panel market growth for the players.
The surging export and import of industrial control panels have been an indicator of high demand for this equipment, notably in Southeast Asian countries. Many industrial firms must upgrade essential equipment to remain competitive in their respective markets. Thus, the whole replacement or rebuilding of obsolete industrial control panels with newer components will contribute to a surge in the US and other Western countries. Thus, these factors are increasing demand for factory automation and are driving the electric control panel market growth.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Electric Control Panel Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Electric Control Panel Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Factory Automation
5.1.2 Increase in Use of Electric Panels in Mobile Machinery
5.2 Market Restraints
5.2.1 High Replacement and Deployment Costs, and Regulatory Non-Compliance
5.3 Market Opportunities
5.3.1 Need for Higher Quality Control and Panel Fabrication
5.4 Future Trends
5.4.1 Integration of Advanced Computing Services
5.5 Impact Analysis of Drivers and Restraints
6. Electric Control Panel Market - Global Analysis
6.1 Global Electric Control Panel Market Overview
6.2 Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
6.3 Market Positioning - Top 5 Players6.4 Competitive Benchmarking
7. Electric Control Panel Market - By Form
7.1 Overview
7.2 Electric Control Panel Market, by Form (2021 and 2030)
7.3 Enclosed
7.3.1 Overview
7.3.2 Enclosed: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Open
7.4.1 Overview
7.4.2 Open: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
8. Electric Control Panel Market Analysis - By Type
8.1 Overview
8.2 Electric Control Panel Market, By Type (2021 and 2030)
8.3 Low Tension
8.3.1 Overview
8.3.2 Low Tension: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Medium and High Tension
8.4.1 Overview
8.4.2 Medium and High Tension: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
9. Electric Control Panel Market Analysis - By Industry
9.1 Overview
9.2 Electric Control Panel Market, By Industry (2021 and 2030)
9.3 Manufacturing
9.3.1 Overview
9.3.2 Manufacturing: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Chemical
9.4.1 Overview
9.4.2 Chemical: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Automotive
9.5.1 Overview
9.5.2 Automotive: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
9.6 Food & Beverages
9.6.1 Overview
9.6.2 Food & Beverages: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
9.7 Power
9.7.1 Overview
9.7.2 Power: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
9.8 Oil & Gas
9.8.1 Overview
9.8.2 Oil & Gas: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
9.9 Pharmaceutical
9.9.1 Overview
9.9.2 Pharmaceutical: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
9.10 Aerospace and Defense
9.10.1 Overview
9.10.2 Aerospace and Defense: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
9.11 Others
9.11.1 Overview
9.11.2 Others: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
10. Electric Control Panel Market - Geographic Analysis
11. Impact of COVID-19 Pandemic
11.1 Impact of COVID-19 Pandemic on Global Electric Control Panel Market
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.2 Europe: Impact Assessment of COVID-19 Pandemic
11.1.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.1.5 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 ABB Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Bectrol
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cetal
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Eaton
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Leviton Manufacturing Co., Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 RITTAL GMBH & CO. KG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Rockwell Automation, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Schneider Electric SE
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Siemens AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 SIMON PROtec
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/gwdcbs
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