According to Precedence Research, the global electric control panel market size was valued at USD 6.37 billion in 2024 and is predicted to Surpass around USD 12.15 billion by 2034, growing at a CAGR of 6.67%.
The growing emphasis on operational efficiency, safety standards, and the integration of advanced technologies such as Industry 4.0 and smart grids are key contributors to this market expansion. Control panels serve as critical components in electrical systems, helping manage, monitor, and control industrial and commercial operations, thereby enhancing process reliability and safety.
What is an Electric Control Panel?
An electric control panel is an essential component used to manage, monitor, and regulate the electrical operations of industrial machines, commercial systems, or residential installations. It houses various electrical devices such as circuit breakers, fuses, relays, timers, and programmable logic controllers (PLCs), all systematically arranged to ensure smooth power distribution and control. Essentially, it acts as the centralized brain for electrical systems, enabling operators to control specific equipment and monitor operational performance. Electric control panels are crucial in industries like manufacturing, oil & gas, energy, utilities, and infrastructure, where operational safety, automation, and reliability are non-negotiable.
Main Types of Electric Control Panels?
Electric control panels come in several types depending on their application and configuration:
- Power Control Panels (PCCs): These are used for the primary distribution of power and are responsible for handling high voltage loads.
- Motor Control Centers (MCCs): Specifically designed to control and protect electric motors, often found in heavy industries.
- Automation Panels: Incorporate PLCs, HMIs, and SCADA systems for automated control and monitoring of processes.
- Lighting Control Panels: Used to manage lighting circuits in large buildings, often integrated with energy-saving systems.
- Relay Control Panels: Use electromechanical relays for basic switching operations in less complex installations.
Why Are Electric Control Panels Important?
Electric control panels are indispensable in modern electrical and industrial systems due to their role in enhancing safety, efficiency, and automation. They ensure electrical equipment operates within designated parameters, preventing accidents, downtimes, or system failures. In automated industries, these panels support seamless communication between various subsystems, thereby boosting productivity and ensuring operational accuracy. Moreover, well-designed panels can reduce energy consumption and provide early alerts about maintenance needs, extending the life of machinery and reducing operating costs.
What Standards Govern Electric Control Panel Design?
Design and manufacturing of electric control panels are guided by international and national standards to ensure safety and compatibility. Some of the key standards include:
- IEC 61439 (International Electrotechnical Commission) for low-voltage switchgear and control gear assemblies.
- UL 508A (Underwriters Laboratories) standard for industrial control panels in North America.
- NEC (National Electrical Code) compliance in the United States.
- ISO 9001 and ISO 14001 for quality and environmental management during panel production.
Electric Control Panel Market Key Insights
- The global electric control panel market generated a revenue of USD 6.37 billion in 2024 and is expected to reach USD 12.15 billion by 2034, growing at a CAGR of 6.67% over the forecast period.
- In 2024, the Asia Pacific region led the market, accounting for a dominant 43% share, while the Middle East and Africa is projected to register the fastest growth rate between 2025 and 2034.
- Among types, power control panels held the largest market share in 2024, whereas automation control panels are anticipated to experience the fastest CAGR throughout the forecast period.
- Based on components, PCL & HMIs contributed the most to market revenue in 2024. Meanwhile, the surge protector and smart devices category is forecast to witness strong growth through 2034.
- In terms of mounting configuration, free-standing panels were the leading segment in 2024, while wall-mounted panels are expected to grow rapidly during the projection period.
- By form factor, open panels dominated in 2024; however, enclosed panels are set to grow at a considerable CAGR from 2025 to 2034.
- By application, industrial automation emerged as the top segment in 2024, whereas water and wastewater management is projected to expand significantly over the coming years.
- Among end-users, manufacturing industries captured the largest share in 2024, with utilities and municipal projects expected to witness robust growth throughout the forecast period.
How Are Regional Markets Performing?
Regionally, Asia Pacific dominated the electric control panel market in 2024, holding the largest market share of around 43%. This dominance is largely attributed to strong industrial growth, expanding urban infrastructure, and rising investments in power generation and distribution across countries like China, India, and Southeast Asia. Governments in this region are aggressively investing in smart cities and modernizing existing power infrastructure, which is further fueling demand.
Meanwhile, the Middle East and Africa region is expected to grow at the fastest CAGR during the forecast period. The surge in infrastructure projects, oil & gas industry automation, and expanding renewable energy initiatives in Gulf countries are the main drivers of this accelerated growth.
Segmental Outlook of Electric Control Panel Market
Which Product Segments Are Leading the Market?
Among the different types of electric control panels, power control panels held the largest share in 2024 due to their widespread use in electrical distribution and motor control systems across industries. However, automation control panels are anticipated to grow at the highest CAGR between 2025 and 2034. The rising adoption of automation technologies in industries such as automotive, manufacturing, and energy is pushing the demand for more advanced, intelligent control solutions.
In terms of components, PCL (Programmable Logic Controllers) and HMIs (Human-Machine Interfaces) accounted for the largest revenue share in 2024, highlighting the importance of real-time monitoring and control in industrial systems. Meanwhile, surge protectors and smart devices are expected to grow significantly as industries seek more secure, intelligent, and connected electrical systems.
What Role Do Mounting and Form Factors Play?
When it comes to mounting configurations, free-standing panels led the market in 2024 due to their flexibility and suitability for large-scale industrial operations. However, wall-mounted panels are projected to see notable growth over the forecast period, particularly in commercial and residential settings where space efficiency is crucial.
Regarding form factors, open panels held the majority share in 2024 owing to their ease of customization and accessibility. On the other hand, enclosed panels are expected to grow at a notable CAGR as safety regulations become stricter and users prioritize enhanced protection in high-risk environments.
Which Applications and End-Users Are Driving Demand?
In 2024, the industrial automation segment was the leading application category, as control panels play an essential role in streamlining operations, reducing downtime, and improving energy efficiency. With increasing digitalization and the adoption of industrial IoT (IIoT), the demand for control panels in this segment is poised to remain strong. Looking ahead, the water and wastewater management segment is anticipated to grow steadily, driven by the global push for sustainable water treatment infrastructure and smarter utility management systems.
From an end-user perspective, manufacturing industries contributed the largest share of the market in 2024 due to their extensive reliance on machinery and process control. Meanwhile, the utilities and municipal projects segment is expected to experience robust growth, fueled by government-backed infrastructure projects, smart grid development, and public utility modernization initiatives.
Electric Control Panel Market Companies
ABB India Limited
Operates across four major verticals Electrification (includes control panels), Motion, Process Automation, and Robotics & Discrete Automation. It has 25+ manufacturing facilities in India and leverages a strong R&D and innovation network in Hyderabad and Bengaluru.
2024 Revenue: ₹12,188 crore (~USD 1.47 billion), with Electrification accounting for approximately ₹5,074 crore (~41.7% of total).
Schneider Electric India Pvt Ltd
A key player in digital energy management and automation. Offers LV control panels, MCCs, smart grid products, and EcoStruxure-enabled IoT solutions. Strongly tied with its subsidiary Luminous Power Technologies.
2023–24 Revenue: ₹2,206.7 crore (~USD 265 million)
ACCU‑Panels Energy Pvt Ltd
Manufactures LT/HT PCC, MCC, APFC, PLC, and solar power panels (ACDB/DCDB), exporting globally. Certified by ISO 9001 and CPRI.
2024 Revenue: Approx. USD 6.5 million (~₹55 crore).
LS Power Control Pvt Ltd
Specializes in IEC 61439‑certified LV panels and switchgear. ISO-certified and exports globally.
2023 Revenue: ₹50 crore+
Precise Technofab India Pvt Ltd
Supplies compact LT control panels and switchgear for commercial buildings, water treatment plants, and renewable energy. Focuses on pre-wired automation and remote monitoring solutions.
JC Industries Pvt Ltd
Produces AMF panels, APFC, relay panels, and specializes in custom-engineered solutions for textiles, construction, and utilities.
Advance Electricals Pvt Ltd
Offers intelligent MCCs, PLC panels, synchronization and distribution panels, servicing HVAC, infrastructure, and process automation sectors.
Highvolt Power & Control Systems Pvt Ltd
Custom LT power and control panels for heavy industry, OEMs, and critical infrastructure. Known for engineering precision and strong after-sales support.
Ramyaa Electro Gear Pvt Ltd
Manufactures switchboards and control panels with emphasis on eco-friendly, modular, and thermally managed designs for industrial and utility applications.
Rashmi Electricals Pvt Ltd
Designs HT/LT panels, bus ducts, and process control boards, particularly for oil & gas, chemical, and heavy engineering sectors.
