Intelligent Electrical Panel Market Report 2026

The intelligent electrical panel market size has grown rapidly in recent years. It will grow from $4.95 billion in 2025 to $5.47 billion in 2026 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to increasing adoption of smart electrical distribution systems, demand for energy efficiency in residential and commercial buildings, advancements in monitoring and control technologies, rising deployment of IoT-enabled panels, development of software and hardware integration solutions.

The intelligent electrical panel market size is expected to see rapid growth in the next few years. It will grow to $8.09 billion in 2030 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to growth in smart building and energy management initiatives, expansion of utility modernization projects, increasing adoption of predictive analytics and cloud platforms, integration with renewable energy sources, demand for remote monitoring and automation in industrial applications. Major trends in the forecast period include remote energy monitoring, predictive fault detection, automated load balancing, real-time energy analytics, smart panel integration with building management systems.

The growing adoption of renewable energy sources is expected to drive the growth of the intelligent electrical panel market in the coming years. Renewable energy sources are natural resources that are continuously replenished and can be used sustainably, including solar, wind, hydro, and biomass energy. Their increasing adoption is driven by environmental concerns, as renewable sources help reduce greenhouse gas emissions, air pollution, and the negative impacts of fossil fuel use on the planet. Intelligent electrical panels enhance the efficiency and integration of renewable energy sources by managing energy flow, optimizing load distribution, and enabling seamless interaction between solar, wind, and conventional power systems. For example, in December 2024, Eurostat, a Luxembourg-based government agency, reported that renewable energy accounted for 24.5 percent of total energy consumption in the EU in 2023, up from 23 percent in 2022. Therefore, the growing adoption of renewable energy sources is driving the intelligent electrical panel market.

Companies in the intelligent electrical panel market are investing in digital technologies, such as energy management systems (EMS), to improve monitoring, control, and efficiency of electrical systems. An energy management system (EMS) is a digital platform or software solution that monitors, controls, and optimizes electricity generation, distribution, and consumption across various applications. For instance, in August 2025, Span Divergent Ltd., an India-based smart panel manufacturer, launched 16- and 24-circuit panels designed to support solar systems, batteries, and EV chargers, catering to a wide range of homes. These intelligent panels provide complete visibility and control over every connected circuit and appliance, allowing homeowners to monitor and manage energy usage efficiently. They also support integration with solar and battery systems, EV chargers, and accessory dwelling units (ADUs), enabling home electrification without costly utility upgrades. Additionally, the panels use SPAN PowerUp software to optimize backup power during outages, extending battery life by up to 40 percent through customizable circuit management and prioritization.

In January 2025, ABB Ltd., a Switzerland-based technology company specializing in electrification and automation, acquired Lumin for an undisclosed amount. This acquisition allowed ABB to strengthen its residential energy management capabilities and accelerate growth in the North American home electrification market. Lumin Labs Inc., a US-based company, provides an intelligent electrical panel called the Lumin Smart Panel.

Major companies operating in the intelligent electrical panel market are Mitsubishi Electric Corporation, Siemens AG, Siemens Industry Inc., Schneider Electric, ABB Ltd., Eaton Corporation, Legrand SA, Rockwell Automation Inc., Hager Group, Leviton Manufacturing Co. Inc., NHP Electrical Engineering Products Pty Ltd., Virtuoso Ltd., Span.IO Inc., Aasa Technologies., ACCU-Panels Energy Pvt Ltd., Advance Private Limited., Accu-panels Energy Private Limited., Ener Industries Private Limited., Vision Tekniks Engineering And Automation Ltd., WAGO Kontakttechnik GmbH And Co. KG.

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 have influenced the intelligent electrical panel market by increasing costs for imported components such as circuit breakers, smart meters, relays, and communication modules, with Asia-Pacific regions like China and India being most affected. Residential, commercial, and industrial applications are particularly impacted due to reliance on high-quality hardware and software solutions. While tariffs have led to higher production costs and potential delays, they have also incentivized local manufacturing, enhanced component sourcing strategies, and driven innovations in cost-effective energy management systems, ultimately benefiting market resilience.

The intelligent electrical panel market research report is one of a series of new reports that provides intelligent electrical panel market statistics, including intelligent electrical panel industry global market size, regional shares, competitors with a intelligent electrical panel market share, detailed intelligent electrical panel market segments, market trends and opportunities, and any further data you may need to thrive in the intelligent electrical panel industry. This intelligent electrical 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 intelligent electrical panel is an advanced electrical distribution system that incorporates smart monitoring, control, and communication features to manage electricity flow efficiently. It supports real-time tracking, fault identification, energy optimization, and remote operation of connected electrical equipment.

The primary components of intelligent electrical panels include hardware, software, and services. Hardware consists of the physical parts and devices, such as circuit breakers, sensors, controllers, and communication modules, that enable automated monitoring, control, and optimization of electrical power distribution systems. These panels are used across multiple applications, including residential, commercial, industrial, utility, and other sectors, and are distributed through direct sales, distributors or wholesalers, and online channels. They serve a wide range of end users, such as building automation, energy management, smart grids, data centers, and more.North America was the largest region in the space power supply market in 2025. The regions covered in the intelligent electrical 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 intelligent electrical panel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The intelligent electrical panel market consists of sales of smart circuit breakers, switchgear, sensors, controllers, and power meters. 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.

This product will be delivered within 1-3 business days.