ELECTRIC CONTROL PANEL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Electric Control Panel Market Size and Forecast – 2025 to 2032

The global electric control panel market is estimated to be valued at USD 7,483.3 Mn in 2025 and is expected to reach USD 11,106.8 Mn in 2032 exhibiting a compound annual growth rate (CAGR) of 5.8% from 2025 to 2032.

Key Takeaways

• By component, Circuit breakers dominate the electric control panel market with a 27.5% share due to their critical role in protecting electrical circuits from damage caused by overloads or short circuits.
• In terms of type of control panel, the medium voltagesegment dominates the market. This is because Medium voltage in the range of 1-35kV is ideal for operating heavy industrial equipment and machinery.
• By mounting type, Floor-mounted control panels dominate the market due to their ability to handle larger, more complex electrical systems often required in industrial and commercial settings.
• Asia Pacific is expected to account for the greatest revenue share, with 38.9%in 2025., driven by the rapidly developing industrial landscape and supportive government policies to boost manufacturing.

Market Overview

Factors such as increasing investments in infrastructural development projects and rapid industrialization across developing regions are driving the electric control panels market demand. Additionally, rising focus on the deployment of smart grid technologies and automation in industries to enhance productivity is further augmenting the market growth. Various government initiatives which include incentives for the manufacturing of components like electric control panels for air conditioners and LED lights, promoting domestic production and reducing imports. to expand power distribution networks and upgrade ageing infrastructure are also boosting the electric control panel market. However, high initial costs associated may hinder the market expansion to some extent over the forecast period.

Current Events and Its Impact

Uncover macros and micros vetted on 75+ parameters: Get instant access to report

Role of Artificial Intelligence (AI)

The electric control panels market is being transformed by Artificial Intelligence (AI), leveraging proactive analytics and intelligence through automated processes, changing the way electrical operations efficiency, reliability, and energy management. AI-enabled control panels can autonomously monitor electrical signals, detect problems in real time, and predict maintenance schedules to reduce downtime and maximize life of the equipment.

In March 2025, Siemens launched its AI-driven Digital Twin technology for manufacturing plants, which simulates production environments to predict operational issues and optimize resource allocation. This innovation underscores how AI enhances flexibility, efficiency, and resilience in complex industrial environments—paralleling advancements in electric control panel systems.

Segmental Insights

To learn more about this report, Download Free Sample

Electric Control Panel Market   Insights, By Component: Circuit breakers dominate due to critical role in protecting electrical circuits

Circuit breakers dominate the electric control panel market with a 27.5% share due to their critical role in protecting electrical circuits from damage caused by overloads or short circuits. They offer greater safety, reliability, and automation compatibility compared to traditional fuses. With the rise in industrial automation, demand for smart and resettable protection devices has surged. Circuit breakers are essential in ensuring uninterrupted operations across manufacturing, data centers, and energy sectors. Their easy maintenance and adaptability in modern control systems further reinforce their market leadership.

In 2024, Siemens launched its AI-enabled low‑voltage circuit breakers, embedding advanced analytics for predicting overloads, optimizing response, and automating failure mitigation. This release led to a 42% increase in adoption of AI-enhanced infrastructure components among industrial clients, with over 60% of pilot deployments showing enhanced operational uptime and lower replacement rates.

Electric Control Panel Market Insights, By Type of Control Panel: Medium Voltage Panels Dominate due to Wide Industrial Applications

In terms of voltage, the medium voltage segment dominates the market. Medium voltage in the range of 1-35kV is ideal for operating heavy industrial equipment and machinery. Most industrial control applications involve distribution of power at medium voltage levels within plants and facilities. As a result, medium voltage panels configured for 3.3kV, 6.6kV and 11 kV are highly sought after. Their rugged and modular construction makes them suitable for withstanding the heat and vibrations encountered in industrial environs. At the Enlit Africa 2025 event, ABB unveiled its Safe Plus Air medium voltage (24 kV) family of switchgear. These systems are gas-insulated using dry air instead of SF₆, a powerful greenhouse gas, aligning with global sustainability targets. Designed for secondary distribution and equipped with sensor-enabled digital substation architectures, Safe Plus Air enables centralized protection, asset condition monitoring, and reduced lifecycle costs. Such innovations are proliferating the electric control panel market share.

Electric Control Panel Market Insights, By Mounting Type: Floor-mounted control panels dominate due to their ability to handle larger, more complex electrical systems

Floor-mounted control panels dominate the market due to their ability to handle larger, more complex electrical systems often required in industrial and commercial settings. They offer higher load capacity, better accessibility for maintenance, and space for expansion or customization. These panels are ideal for environments with heavy machinery or multiple control units. Their robust construction supports integration of multiple components like drives, PLCs, and transformers. As automation grows, floor-mounted panels remain the preferred choice for high-performance applications.

Regional Insights

To learn more about this report, Download Free Sample

Asia Pacific Electric Control Panel Market Trends

Asia Pacific is expected to account for the greatest revenue share, with 38.9% in 2025., driven by the rapidly developing industrial landscape and supportive government policies to boost manufacturing. Countries like China, India, and Japan are witnessing increased investments toward modernization and upgradation of existing infrastructure. Local panel builders have also strengthened their presence, offering cost-effective solutions. Leading global companies are shifting their production bases to the region to capitalize on the opportunities.

In March 2024, Rockwell Automation launched its modular CUBIC enclosure systems across the Asia Pacific region to support growing demand in sectors like renewable energy, data centers, and manufacturing. These systems enhance flexibility, safety, and efficiency in electric control panel construction, aligning with the region's smart infrastructure goals. The move reflects rising investments in industrial modernization across countries like India, China, and Southeast Asia. It also underscores Asia Pacific's strategic importance as a manufacturing and automation hub for global players.

North America Electric Control Panel Market Trends

North America is the fastest growing electric control panel market with a 25.9% share due to rapid industrial automation and strict safety regulations across sectors. The region sees strong demand from industries like oil & gas, pharmaceuticals, and automotive, which require advanced, compliant control systems. Major players are expanding operations and investing in smart panel technologies to meet evolving needs. Additionally, increased focus on energy efficiency and digital infrastructure accelerates market growth.

In March 2024, Schneider Electric announced a USD 140 million investment to expand its U.S. manufacturing footprint, including building custom electrical switchgear and medium-voltage power distribution solutions in Middle Tennessee. The upgrades aim to bolster infrastructure across sectors such as data centers, oil & gas, pharmaceuticals, and automotive—sectors that face tightening workplace safety and reliability standards.

United States Electric Control Panel Market Trends

The U.S. holds a 22.6% share in the electric control panel market, driven by advanced industrial automation and strict regulatory standards for safety and efficiency. Strong demand from sectors like oil & gas, pharmaceuticals, and automotive fuels adoption of innovative, customizable control panels. Leading companies such as Rockwell Automation and Eaton are investing heavily in smart panel technologies to support digital transformation.

In 2024, Eaton announced the modernization of its manufacturing footprint with two new smart factories. These facilities, located in Ciudad Juárez, Mexico, and Changzhou, China, have embraced Industry 4.0 technologies to digitalize operations. This is further anticipated to propel the adoption of electriccontrol panel.

China Electric Control Panel Market Trends

China holds a 17.4% share of the electric control panel market, driven by its massive manufacturing sector and ongoing industrial automation. Government initiatives like "Made in China 2025" continue to promote smart factories and advanced electrical infrastructure. Domestic panel builders and global OEMs benefit from strong local demand and cost-effective production capabilities. Additionally, investments in renewable energy and infrastructure modernization are fueling steady growth in control panel adoption.

Market Report Scope

Market Driver

• Increasing automation and digitalization in industries

The past decade has witnessed remarkable growth in industrial automation and digitalization across different sectors of the global economy. Manufacturing plants and facilities are increasingly relying on automated systems and computer-controlled machinery to streamline operations, minimize human errors and improve productivity. In May 2024, Amber Group acquired a 40.24% controlling stake in Unitronics, an Israel-based company specializing in industrial automation and control systems. This strategic move aims to enhance Amber Group's capabilities in the industry 4.0 space, focusing on digitization and smart manufacturing technologies, thereby expanding its footprint in advanced electronics and automation solutions.

Market Opportunities

• Advancing Technologies like IoT and Cloud Computing

The growing adoption of Internet of Things (IoT) and cloud computing technologies present significant opportunities for the electric control panel market. IoT enables remote monitoring of electric control panels using sensors which helps predict maintenance needs, analyze performance parameters and detect faults in a non-intrusive way. This leads to savings in downtime and improves overall productivity of machines. Further, cloud-connected electric control panels allow collecting operational data on a centralized platform which helps operators gain valuable insights through analytics.

Electric Control Panel Market Industry News

• In May 2025, 81 Electrical, a leading electrical service provider in Singapore, introduced its newest service: control panel automation. This innovative solution aims to enhance automation, enable remote monitoring, and promote energy efficiency across various industries, including ACMV, water treatment, building management, and others.
• In February 2025, SPAN unveiled two new smart panel models — SPAN Panel MAIN 40 +MID and SPAN Panel MLO 48 — featuring 25–50% more breaker spaces than the original. Equipped with SPAN PowerUp™ software, these panels support all-electric homes with a flexible, future-ready energy management system.
• In May 2025, Brilliant NextGen launched its second-generation touchscreen panels, replacing traditional light switches. The updated model features a 4x higher resolution display and dual-band WiFi (2.4GHz and 5GHz) for improved connectivity.
• In May 2024, Honeywell introduced the Connected Power solution, a plug-level energy management system designed to help buildings monitor, manage, and automate power usage. This solution addresses the significant energy consumption from devices plugged into outlets, many of which continue to draw power even when not in use, contributing to energy waste.

Analyst View

• The electric control panel industry is at the threshold of growth phase, driven by the rapid rise of industrial automation and the industry 4.0 evolution. According to industry estimates, in 2024, 45% of control panels that were installed new contained IoT enabled devices that support real-time monitoring and remote-control capabilities, along with predictive maintenance that can reduce downtime by as much as 30%.
• Smart enhancements, particularly IoT capabilities, are adding functionality to control panels. Several panels contain energy-saving systems, and this portion of the market accounts for 28% of electric panels which is driving measurable decreases in energy consumption in industrial applications.
• The areas of sustainability and energy management have become a key focus. Manufacturers are working with eco-friendly materials, composite components, and smart energy optimization features, spurred by regulation and operational budgets.
• Automation and efficiency are becoming sector-wide imperatives. Smart panels are not just supporting digitization, they’re central to it. With predictive analytics, digital twins, and remote diagnostics emerging rapidly, control panels are now critical enablers of resilient, sustainable, and high-performance industrial operations

Market Segmentation

• By Type of Control Panel Insights (Revenue, USD Mn, 2020 - 2032)
• • Low Voltage Control Panels
  • Medium Voltage Control Panels
  • High Voltage Control Panels
• By Component Insights (Revenue, USD Mn, 2020 - 2032)
  • Circuit Breakers
  • Contactors
  • Human-Machine Interface (HMI)
  • Busbars
  • Others (Fuses, Push Buttons, etc.)
• By End-user Industry Insights (Revenue, USD Mn, 2020 - 2032)
  • Manufacturing & Industrial
  • Energy & Power
  • Construction
  • Oil & Gas
  • Other (Water & Wastewater Treatment, etc.)
• By Mounting Insights (Revenue, USD, 2020 - 2032)
  • Floor Mounted
  • Wall Mounted
• By Regional Insights (Revenue, USD, 2020 - 2032)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Watlow
  • IndustLabs
  • EBI Electric
  • Schneider Electric
  • ABB

Sources

Primary Research Interviews

• Control Panel Manufacturers
• Industrial Automation Engineers
• Electrical Equipment Distributors
• System Integrators
• Others

Databases

• IHS Markit Industrial Database
• Euromonitor International
• GlobalData Industrial Equipment Database
• Thomas Industrial Database
• Others

Magazines

• Control Engineering Magazine
• Automation World
• Electrical Construction & Maintenance (EC&M)
• Plant Engineering
• InTech Magazine
• Others

Journals

• IEEE Transactions on Industrial Electronics
• Journal of Manufacturing Systems
• International Journal of Advanced Manufacturing Technology
• Others

Newspapers

• Financial Times
• The Wall Street Journal
• Industrial Equipment News
• Manufacturing News
• Automation Today
• Others

Associations

• National Electrical Manufacturers Association (NEMA)
• Control System Integrators Association (CSIA)
• International Society of Automation (ISA)
• Electrical Equipment Representative Association (EERA)
• Association for Manufacturing Technology (AMT)
• Others

Public Domain Sources

• U.S. Department of Energy Industrial Reports
• International Energy Agency (IEA) Publications
• European Commission Industrial Policy Documents
• National Institute of Standards and Technology (NIST)
• International Trade Administration Reports
• Others

Proprietary Elements

• CMI Data Analytics Tool
• Proprietary CMI Existing Repository of information for last 8 years