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Europe Electric Control Panel Market Forecast to 2030 - COVID-19 Impact and Regional Analysis - by Form, Type, and Industry

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    Report

  • 153 Pages
  • September 2022
  • Region: Europe
  • The Insight Partners
  • ID: 5668494
UP TO OFF until Mar 31st 2024
The Europe electric control panel market is expected to grow from US$ 1,328.71 million in 2022 to US$ 2,055.32 million by 2030; it is estimated to grow at a CAGR of 5.6% from 2022 to 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 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 area of revenue growth for the electric control panel market players. The surging export and import of industrial control panels have been an indicator of high demand for this equipment, notably in developing countries. To remain competitive in their respective markets, many industrial firms need to upgrade important equipment. Thus, the whole replacement or rebuilding of obsolete industrial control panels with newer components will contribute to a surge in several developed countries. Thus, these factors are increasing the demand for factory automation and driving the 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 Europe electric control panel market. The Europe electric control panel market is expected to grow at a good CAGR during the forecast period.

Europe Electric Control Panel Market Segmentation

The Europe electric control panel market is segmented based on form, type, industry, and country.
  • Based on form, the Europe electric control panel market is bifurcated into enclosed and open. The open segment dominated the market in 2022.
  • Based on type, the Europe 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 Europe 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 Europe electric control panel market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Germany would dominate the market in 2022.
ABB Ltd; 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 Europe electric control panel market.
Frequently Asked Questions about the European Electric Control Panel Market

What is the estimated value of the European Electric Control Panel Market?

The European Electric Control Panel Market was estimated to be valued at $1328.71 Million in 2022.

What is the growth rate of the European Electric Control Panel Market?

The growth rate of the European Electric Control Panel Market is 5.6%, with an estimated value of $2055.32 Million by 2030.

What is the forecasted size of the European Electric Control Panel Market?

The European Electric Control Panel Market is estimated to be worth $2055.32 Million by 2030.

Who are the key companies in the European Electric Control Panel Market?

Key companies in the European Electric Control Panel Market include ABB Ltd, Cetal, Eaton, Leviton Manufacturing Co., Inc., Rittal Gmbh & Co. KG, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG and SIMON PROtec.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 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. Europe Electric Control Panel Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.2.1 Europe - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe 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 - Europe Analysis
6.1 Europe Electric Control Panel Market Overview
6.2 Europe Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
7. Europe Electric Control Panel Market Analysis - By Form
7.1 Overview
7.2 Europe 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. Europe Electric Control Panel Market Analysis - By Type
8.1 Overview
8.2 Europe 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. Europe Electric Control Panel Market Analysis - By Industry
9.1 Overview
9.2 Europe 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. Europe Electric Control Panel Market - Country Analysis
10.1 Overview
10.1.1 Europe Electric Control Panel Market Breakdown, By Country
10.1.1.1 Germany: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.1.1 Germany: Electric Control Panel Market, By Form
10.1.1.1.2 Germany: Electric Control Panel Market, By Type
10.1.1.1.3 Germany: Electric Control Panel Market, By Industry
10.1.1.2 France: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 France: Electric Control Panel Market, By Form
10.1.1.2.2 France: Electric Control Panel Market, By Type
10.1.1.2.3 France: Electric Control Panel Market, By Industry
10.1.1.3 Italy: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Italy: Electric Control Panel Market, By Form
10.1.1.3.2 Italy: Electric Control Panel Market, By Type
10.1.1.3.3 Italy: Electric Control Panel Market, By Industry
10.1.1.4 UK: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 UK: Electric Control Panel Market, By Form
10.1.1.4.2 UK: Electric Control Panel Market, By Type
10.1.1.4.3 UK: Electric Control Panel Market, By Industry
10.1.1.5 Russia: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 Russia: Electric Control Panel Market, By Form
10.1.1.5.2 Russia: Electric Control Panel Market, By Type
10.1.1.5.3 Russia: Electric Control Panel Market, By Industry
10.1.1.6 Rest of Europe: Electric Control Panel Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 Rest of Europe: Electric Control Panel Market, By Form
10.1.1.6.2 Rest of Europe: Electric Control Panel Market, By Type
10.1.1.6.3 Rest of Europe: 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 Cetal
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 Eaton
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 Leviton Manufacturing Co., Inc.
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 Rittal Gmbh & Co. KG
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 Rockwell Automation, Inc.
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 Schneider Electric SE
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 Siemens AG
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 SIMON PROtec
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
13. Appendix
13.1 About the Publisher
13.2 Word Index

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Ltd
  • Cetal
  • Eaton
  • Leviton Manufacturing Co., Inc.
  • Rittal Gmbh & Co. KG
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
  • SIMON PROtec