Electric Control Panel Market Report 2026

The electric control panel market size has grown strongly in recent years. It will grow from $6.15 billion in 2025 to $6.55 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growing industrial automation, rising usage of machinery control systems, increasing deployment in manufacturing plants, historical reliance on electromechanical control units, expansion of process industries.

The electric control panel market size is expected to see strong growth in the next few years. It will grow to $8.39 billion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising adoption of smart factories, increasing demand for remote monitoring, growth of safety-compliant control systems, expansion of modular panel architectures, rising need for energy-efficient control systems. Major trends in the forecast period include AI-enabled predictive control panels, smart manufacturing for control panel production, IoT-integrated monitoring panels, adoption of sustainable control panel materials, cloud-connected control and automation systems.

An increase in demand for factory automation is anticipated to drive the growth of the electric control panel market in the future. Factory automation involves integrating automation throughout the production process. The electrical control panel industry is growing due to a heightened emphasis on equipment safety in factory automation. Additionally, the emergence of new industries and machinery has led to the installation of electric control panels in various settings, including workplaces, warehouses, and workshops, to enhance safety. For instance, in September 2024, a report published by the International Federation of Robotics, a Germany-based non-profit organization, revealed that industrial automation robot sales reached 4,281,585 units in 2024, reflecting a 10% increase from 541,302 units in 2023. Thus, the rising demand for factory automation is expected to fuel the growth of the electric control panel market.

Leading companies in the electric control panel market are innovating products like the Resi9 Energy Center to enhance functionality and address evolving energy management demands. The Resi9 Energy Center is an advanced electrical panel distribution system designed to secure electrical installations in homes equipped with new energy landscape devices and renewable sources. In April 2024, Schneider Electric, a France-based energy management firm, launched the Resi9 Energy Center, a retrofit solution tailored for prosumer homes in France. This system upgrades traditional electrical panels to manage the rising demand for electricity from modern energy sources, such as solar panels and electric vehicle chargers. It seamlessly integrates with existing electrical panels, making it ideal for retrofit and renovation projects.

In April 2023, HIMOINSA S.L., a Spain-based manufacturer of diesel and gas generator sets, acquired Powersil for an undisclosed amount. Through this acquisition, HIMOINSA S.L. aims to implement a broader growth strategy that strengthens its position in the power generation market while enhancing industrial, technical, and service capabilities. Powersil is a Portugal-based manufacturer of electric control panels and generator sets.

Major companies operating in the electric control panel market are ABB Ltd., Siemens AG, Eaton Corporation PLC, Rockwell Automation Inc., SIMON PROtec Deutschland GmbH, General Electric Company, Leviton Manufacturing Company Inc., Paneltronics Inc., CETAL SAS, Bectrol Inc., Penbro Kelnick (Pty) Ltd., Konark Automation, B&B Assemblies LLC, Schneider Electric SE, Honeywell International Incorporation, Emerson Electric Company, Simplex System Controls Inc., Walther Electric Inc., Horlick Technologies LLC, Avatar Instruments Corporation, Mitsubishi Electric Factory Automation, AmSafe Inc., Precision Mfg. Co. Inc., Custom Manufacturing & Engineering Inc., Rittal GmbH & Co. KG, Phoenix Contact GmbH & Co. KG, Chint Group Co. Ltd., WEG Electric Corporation, Delta Electronics Inc., Fuji Electric Co. Ltd.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on steel enclosures, copper wiring, semiconductors, and power electronics have increased production costs for electric control panels, particularly affecting medium and high-tension panel segments in industrial and energy applications. These tariffs have caused project delays in sectors like manufacturing and oil and gas. Nonetheless, they encourage regional sourcing, localized production, and innovation in material-efficient designs, improving long-term operational sustainability.

The electric control panel market research report is one of a series of new reports that provides electric control panel market statistics, including electric control panel industry global market size, regional shares, competitors with an electric control panel market share, detailed electric control panel market segments, market trends and opportunities, and any further data you may need to thrive in the electric control panel industry. This electric control panel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

An electric control panel is a collection of electrical devices powered by electricity, designed to oversee and regulate the mechanical operations of industrial machinery or equipment. Enclosed within enclosures, electric control panels house electrical components crucial for controlling and monitoring diverse mechanical processes.

Electric control panels come in various types, including low tension, medium tension, and high tension. Low-tension control panels are specifically utilized with low-tension cables to receive power from generators or transformers and distribute it to different electrical devices and distribution boards. These panels can be categorized into open and enclosed forms, finding applications across a range of industries such as manufacturing, food and beverages, chemicals, automotive, power generation, pharmaceuticals, oil and gas, as well as aerospace and defense.Asia-Pacific was the largest region in the electric control panel market share in 2025. The regions covered in the electric control panel market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric control panel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric control panel market consists of sales of virtual control panels, remote control panels, and physical control panel products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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