Middle East & Africa Industrial Control Panel Market

The Middle East & Africa industrial control panel market was valued at US$ 274.23 million in 2022 and is expected to reach US$ 442.01 million by 2030; it is estimated to grow at a CAGR of 6.1% from 2022 to 2030. 

Growing Mining Activities Boost Middle East & Africa Industrial Control Panel Market

The rising demand for different metals and minerals is increasing mining activities worldwide. Various countries are increasing their investments to expand their mining sites to fulfill this rising demand. According to Vision 2030, the mining industry is crucial to reaching Riyadh's goal of net-zero carbon emissions by 2060. For instance, Saudi Arabia expects that by 2030, the percentage of renewable energy in the nation's total energy mix will reach 50% due to its mining-driven green revolution. Saudi officials believe that by increasing the mining sector's contribution to the country's GDP from US$ 17 billion to US$ 75 billion by 2030, thousands of high-paying employments will be created. By 2035, it is anticipated that domestic mining investments will lower Saudi Arabia's mineral imports from US$ 19 billion to US$ 11.5 billion, lowering expenses and boosting the competitiveness of the country's mineral-dependent sectors. Further, following changes in its mining industry, Kenya has drawn investments totaling US$ 1 billion, positioning itself as a major force behind economic growth. Several other nations across African region are witnessing high growth in their mining and exploration industry. 

Such growing investment in the mining industry will further raise mining production worldwide. The increase in mining production worldwide is expected to raise the demand for higher-level monitoring and control of various machinery, fueling the growth of the industrial control panel market. 

In addition, the adoption of automation is rising in the mining industry to improve safety and efficiency at the sites. Automation helps mining companies gain complete control of their fleets and reduce capital and labor costs, thus improving energy efficiency. According to the Telefonaktiebolaget LM Ericsson case study, by using automation for drilling and blasting, ~US$ 2.48 million was saved annually at the Aitik mine alone. Thus, growing mining activities and rising automation in the mining industry are expected to propel the growth of the industrial control panel market during the forecast period. 

Middle East & Africa Industrial Control Panel Market Overview

The industrial control panel market in the Middle East & Africa is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East and Africa. The demand for cars among consumers is increasing in the Middle East, especially in Saudi Arabia and Dubai, which creates opportunities for industrial control panel market players to streamline manufacturing processes. Dubai is perceived as an automotive hub for exports and re-exports of vehicles. The demand for luxury cars is growing in Dubai, which increases the need for industrial control panels for controlling and supervising numerous automotive components simultaneously. The government of Dubai estimated that the city will have 18 million cars and 9 million commercial vehicles by the end of 2023, respectively. The rising demand for cars and commercial vehicles increases the adoption of industrial control panels among automotive manufacturers, which is fueling the market growth. Industrial control panels are used to streamline the production line of the automotive industry. Robots and conveyor systems rely heavily on precise instruction, which increases the adoption of industrial control panels for instructing robots. Industrial control panels manage the movement of auto components and parts, enabling a synchronized flow to optimize efficiency by reducing human error in automotive manufacturing. 

Middle East & Africa Industrial Control Panel Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Industrial Control Panel Strategic Insights

Strategic insights for the Middle East & Africa Industrial Control Panel provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Industrial Control Panel Report Scope

Middle East & Africa Industrial Control Panel Regional Insights

The geographic scope of the Middle East & Africa Industrial Control Panel refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Middle East & Africa Industrial Control Panel Market Segmentation 

The Middle East & Africa industrial control panel market is segmented based on component, application, and country. Based on component, the Middle East & Africa industrial control panel market is segmented into control devices, fused disconnect switches, motor controllers, circuit breakers, relays, and others. The control devices segment held the largest market share in 2022. 

In terms of application, the Middle East & Africa industrial control panel market is categorized into manufacturing, food and beverages, oil and gas, chemical industry, automotive, and others. The oil and gas segment held the largest market share in 2022. 

Based on country, the Middle East & Africa industrial control panel market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa industrial control panel market share in 2022. 

ABB Ltd, Eaton Corp Plc, OMRON Corp, Rockwell Automation Inc, Rittal GmbH & Co KG, Schneider Electric SE, Siemens AG, and CETAL SAS are some of the leading players operating in the Middle East & Africa industrial control panel market.