North America Electric Control Panel Market Forecast to 2030 – COVID-19 Impact and Regional Analysis – by Form (Enclosed and Open), Type (Low Tension and Medium and High Tension), and Industry (Manufacturing, Chemical, Automotive, Food and Beverages, Power, Oil and Gas, Pharmaceutical, Aerospace and Defense, and Others)
The North America electric control panel market is expected to grow from US$ 1,495.80 million in 2022 to US$ 2,499.63 million by 2030; it is estimated to grow at a CAGR of 6.6% from 2022 to 2030.
In the 1970s, the first electronic controllers were employed in relay systems, which were like telephones. The introduction of microprocessors to mobile machinery controls in the 1980s led to advanced breakthroughs. A mobile machinery controller is used to control elevators and other mobile machines, while an elevator control panel houses all of the elevator controls. All power supply modules are housed in the elevator control panel, which also orchestrates all operations and assures safety. The elevator control panels also handle operations such as registering or canceling car calls, door control, carload measurement, and speed. Mobile machinery panels allow for quick and exact setup and positioning during commissioning, even for bigger manufacturing facilities, complex or enclosed machines, long materials handling or production lines, and conveyor systems. These panels also help machine operators in ensuring less time for operations such as retooling, maintenance, and repairs. Siemens, for example, offers SIMATIC HMI Mobile Panels with a 4, 7, or 9-inch display and a PROFINET connection. The panels aid greater flexibility and convenience to users. The stunning widescreen display, with a 16:9 aspect ratio and 16 million colors, gives clear, detailed representations of simple and complicated processes along with plant images. Moreover, the unique lighted emergency STOP button, three-step enabling switch, and customizable analysis choices of safety elements support the integration of individual control units within a safety architecture for mobile machinery. The increased use of electric control panels in mobile machinery such as cranes, hoisting machines, and elevator controls benefits the market for industrial control panels. Remote I/O (i.e., input/output) panels positioned near the applications are also known as ET-extended termination stations. These remote-operated panels terminate all of the cablings from the field devices and equipment. As remote I/O panels can be moved with the movable gear in the operating field, they can save significant amounts required for wiring. Thus, the growing use of electric panels in mobile machinery boosts the electric panel market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America electric control panel market. The North America electric control panel market is expected to grow at a good CAGR during the forecast period.
North America Electric Control Panel Market Revenue and Forecast to 2030 (US$ Million)
North America Electric Control Panel Market Segmentation
The North America electric control panel market is segmented based on form, type, industry, and country. Based on form, the North America electric control panel market is bifurcated into enclosed and open. The open segment dominated the market in 2022. Based on type, the North America electric control panel market is bifurcated into low tension and medium and high tension. The medium and high-tension segment dominated the market in 2022. Based on industry, the North America electric control panel market is segmented into manufacturing, chemical, automotive, food and beverages, power, oil and gas, pharmaceutical, aerospace and defense, and others. The power segment dominated the market in 2022. Based on country, the North America electric control panel market is segmented into the US, Canada, and Mexico. The US would dominate the market in 2022.
ABB Ltd; Bectrol; Cetal; Eaton; Leviton Manufacturing Co., Inc.; Rittal Gmbh & Co. KG; Rockwell Automation, Inc.; Schneider Electric SE; Siemens AG; and SIMON PROtec are among the leading companies in the North America electric control panel market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Electric Control Panel Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Electric Control Panel Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Demand for Factory Automation
5.1.2 Rise in Use of Electric Panel 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 – North America Analysis
6.1 North America Electric Control Panel Market Overview
6.2 North America Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
7. North America Electric Control Panel Market Analysis – By Form
7.1 Overview
7.2 North America 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. North America Electric Control Panel Market Analysis By Type
8.1 Overview
8.2 North America 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. North America Electric Control Panel Market Analysis By Industry
9.1 Overview
9.2 North America 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. North America Electric Control Panel Market – Country Analysis
10.1 Overview
10.1.1 North America: Electric Control Panel Market, By Country
10.1.1.1 US: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.1.1 US: Electric Control Panel Market, By Form
10.1.1.1.2 US: Electric Control Panel Market, By Type
10.1.1.1.3 US: Electric Control Panel Market, By Industry
10.1.1.2 Canada: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Canada: Electric Control Panel Market, By Form
10.1.1.2.2 Canada: Electric Control Panel Market, By Type
10.1.1.2.3 Canada: Electric Control Panel Market, By Industry
10.1.1.3 Mexico: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Mexico: Electric Control Panel Market, By Form
10.1.1.3.2 Mexico: Electric Control Panel Market, By Type
10.1.1.3.3 Mexico: Electric Control Panel Market, By Industry
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 ABB Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Bectrol
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Cetal
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Eaton
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Leviton Manufacturing Co., Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Rittal Gmbh & Co. KG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Rockwell Automation, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Schneider Electric SE
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Siemens AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 SIMON PROtec
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. US Electric Control Panel Market, By Form– Revenue and Forecast to 2030 (US$ Million)
Table 3. US Electric Control Panel Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 4. US Electric Control Panel Market, By Industry – Revenue and Forecast to 2030 (US$ Million)
Table 5. Canada Electric Control Panel Market, By Form– Revenue and Forecast to 2030 (US$ Million)
Table 6. Canada Electric Control Panel Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 7. Canada Electric Control Panel Market, By Industry – Revenue and Forecast to 2030 (US$ Million)
Table 8. Mexico Electric Control Panel Market, By Form– Revenue and Forecast to 2030 (US$ Million)
Table 9. Mexico Electric Control Panel Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 10. Mexico Electric Control Panel Market, By Industry – Revenue and Forecast to 2030 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Electric Control Panel Market Segmentation
Figure 2. North America Electric Control Panel Market Segmentation – By Country
Figure 3. North America Electric Control Panel Market Overview
Figure 4. North America Electric Control Panel Market, By Form
Figure 5. North America Electric Control Panel Market, By Country
Figure 6. North America – PEST Analysis
Figure 7. North America Electric Control Panel Market– Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. North America Electric Control Market Impact Analysis of Drivers and Restraints
Figure 10. North America Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. North America Electric Control Panel Market Revenue Share, by Form (2021 and 2030)
Figure 12. North America Enclosed: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. North America Open: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. North America Electric Control Panel Market Revenue Share, by Type (2021 and 2030)
Figure 15. North America Low Tension: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. North America Medium and High Tension: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. North America Electric Control Panel Market Revenue Share, by Industry (2021 and 2030)
Figure 18. North America Manufacturing: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. North America Chemical: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. North America Automotive: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. North America Food & Beverages: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. North America Power: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. North America Oil & Gas: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. North America Pharmaceutical: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. North America Aerospace and Defense: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. North America Others: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. North America: Electric Control Panel Market, by Key Country – Revenue (2021) (US$ Million)
Figure 28. North America Electric Control Panel Market Revenue Share, By Country (2021 and 2030)
Figure 29. US: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. Canada: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
Figure 31. Mexico: Electric Control Panel Market – Revenue and Forecast to 2030 (US$ Million)
- ABB Ltd
- Bectrol
- Cetal
- Eaton
- Leviton Manufacturing Co., Inc.
- Rittal Gmbh & Co. KG
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- SIMON PROtec
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America electric control panel market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America electric control panel market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the electric control panel market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution