Global Electric Control Panel Market Size, Share, and COVID-19 Impact Analysis, By Type (Power Distribution, Power, Energy Monitoring and Control, Automation Systems, and Others), By Application (Residential, Commercial, Manufacturing and Industrial Fields, Power Plants, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035

Global Electric Control Panel Market Insights Forecasts to 2035

• The Global Electric Control Panel Market Size Was Estimated at USD 6.35 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 6.7% from 2025 to 2035
• The Worldwide Electric Control Panel Market Size is Expected to Reach USD 12.96 Billion by 2035
• Asia Pacific is Expected to grow the fastest during the forecast period.

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According to a research report published by Spherical Insights and Consulting, the Global Electric Control Panel Market Size was worth around USD 6.35 Billion in 2024 and is Predicted to Grow to around USD 12.96 Billion by 2035 with a compound annual growth rate (CAGR) of 6.7% from 2025 to 2035. The market for electric control panels is driving demand in the manufacturing, infrastructure, and commercial sectors by offering opportunities in smart automation, energy efficiency, industrial digitalization, renewable integration, sophisticated safety systems, and IoT-enabled monitoring.

 

Market Overview

The global industry that includes the design, production, assembly, and distribution of integrated electrical enclosures containing vital components like circuit breakers, relays, programmable logic controllers (PLCs), and human-machine interfaces (HMIs) is referred to as the "electric control panel market." In industries like manufacturing, power generation, oil and gas, and commercial infrastructure, these systems enable accurate monitoring, control, and protection of electrical power distribution and machinery operations, guaranteeing operational safety, efficiency, and adherence to standards like UL 508A. For Instance, in February 2025, ABB launched the ReliaHome Smart Panel with Panel Guard technology, featuring an innovative load management algorithm that keeps homes within electrical capacity. Managed via a mobile app, it enhances efficiency and simplifies operation for all-electric homes. The market for electric control panels is expected to increase significantly due to the expansion of renewable energy sources and infrastructure projects around the world. One of the main factors propelling the market expansion for electric control panels is the global expansion of infrastructure projects. Because they are frequently made of sturdy materials like steel or plastic to resist challenging industrial conditions, an electric control panel's endurance is one of its characteristics.  

 

Report Coverage

This research report categorizes the electric control panel market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the electric control panel market. Recent market developments and competitive strategies, such as expansion, type launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the electric control panel market. 

 

Driving Factors  

The market for electric control panels is expected to increase significantly due to the expansion of renewable energy sources. By offering real-time data on every change occurring in the power system and the capacity to make adjustments to convert them into suitable conditions for tools, the electrical control panel makes the electric system more dependable. The electric control panel market's expansion is ascribed to the growing use of smart energy management systems, industrial automation, and increased global investments in grid modernization projects. The installation of smart control panels in EV charging stations, substations, and manufacturing facilities is being fueled by the electrification of transportation. 

 

Restraining Factors

The market for electric control panels is restricted by a number of factors, including high initial installation costs, complicated design specifications, a lack of standardization, a lack of qualified personnel, and electrical fault susceptibility. These challenges all work together to prevent market growth and the adoption of new technologies in developing nations.

 

Market Segmentation  

The electric control panel market share is classified into type and application.  

 

• The power distribution segment accounted for the largest share in 2024, and is anticipated to grow at a significant CAGR during the forecast period.

Based on the type, the electric control panel market is divided into power distribution, power, energy monitoring and control, automation systems, and others. Among these, the Power distribution segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The growing need for dependable and effective power management solutions in the commercial, residential, and industrial sectors is responsible for the power distribution segment. The expansion of renewable energy projects and growing investments in smart grid infrastructure are also anticipated to propel this power distribution segment's growth.

 

• The manufacturing and industrial fields segment accounted for the highest market revenue in 2024, and is anticipated to grow at a significant CAGR during the forecast period.

Based on the application, the electric control panel market is divided into residential, commercial, manufacturing and industrial fields, power plants, and others. Among these, the manufacturing and industrial fields segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The increasing automation of industrial processes, the expanding use of sophisticated machinery, and the growing need for effective power control systems are the main drivers of the manufacturing and industrial segment. Additionally, the segment's growth is anticipated to be fueled by ongoing developments in industrial automation technology and the quick industrialization of emerging nations.  

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Regional Segment Analysis of the Electric Control Panel Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Europe is anticipated to hold the largest share of the electric control panel market over the predicted timeframe.

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Europe is anticipated to hold the largest share of the electric control panel market over the predicted timeframe. The well-established industrial base in the European region, especially in the automotive, energy, and process industries, continues to fuel significant demand for advanced control and monitoring systems. The region's market growth is aided by the presence of major players like Schneider Electric, nVent, ABB, Eaton, and Siemens, among others. Additionally, the market's growth is greatly aided by the growing use of smart factories, Industry 4.0 projects, and digital transformation throughout European industries. In November 2023, the European Commission announced plans to boost power grid investments, allocating priority projects and EU funding, with an estimated USD 637 billion required to modernize Europe’s electricity infrastructure, according to EU estimates.

 

Asia Pacific is expected to grow at a rapid CAGR in the electric control panel market during the forecast period. Infrastructure development, urbanization, and industrialization are all accelerating in the Asia Pacific region. The need for effective automation and control systems to improve productivity and operational safety has grown due to the region's growing manufacturing base, especially in nations like China, India, Japan, and South Korea.  Government programs supporting smart grid development, industrial automation, and the integration of renewable energy sources are important drivers of industry expansion.  

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the electric control panel market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Eaton
• ABB Ltd.
• Paneltronics
• Electra-Tech
• INDUSTLABS
• ABB India Limited
• Schneider Electric
• Advance Private Limited
• Rockwell Automation Inc.
• Power Industrial Controls
• ACCU-Panels Energy Pvt Ltd
• JC Industries Private Limited
• LS Power Control Private Limited
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

 

Recent Development

• In In June 2025, Schneider Electric launched next-generation TeSys Deca Motor Starters in India, including 115A and 150A contactors. Designed for efficiency and sustainability, the Advanced range enhances operational reliability, helping industries reduce energy consumption, optimize resources, and reinforce Schneider Electric’s commitment to simplicity and high performance.

 

•  In May 2025, Siemens launched its enhanced motion control portfolio, featuring Sinamics servo-drive systems and the new Simatic S7-1200 G2 controller. The solution offers high performance and flexibility for basic automation applications, including handling, moving, positioning, and processing tasks.

 

•  In March 2025, Rockwell Automation launched the M100 Electronic Motor Starter, designed to simplify panel wiring and reduce component and engineering complexities. It offers advanced functional safety solutions and enhanced motor starting capabilities, helping industrial organizations improve efficiency, reliability, and operational performance in automated systems.

 

•  In June 2024, ABB launched the ReliaHome Smart Panel, a residential energy management system for the US and Canada, developed with Lumin. It coordinates home energy assets, enabling optimization, circuit scheduling, and real-time control via an app, helping homeowners save energy, reduce costs, and monitor usage efficiently.

 

•  In April 2024, Schneider Electric launched the Resi9 Energy Center in France, a retrofit solution that secures electrical installations while accommodating new energy inputs and loads, supporting safer and more efficient energy management for residential applications.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Electric Control Panel market based on the below-mentioned segments:  

 

Global Electric Control Panel Market, By Type

• Power Distribution
• Power, Energy Monitoring and Control
• Automation Systems
• Others

 

Global Electric Control Panel Market, By Application

• Residential
• Commercial
• Manufacturing and Industrial Fields
• Power Plants
• Others

 

Global Electric Control Panel Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa