The electric control panel is a cabinet, which contains electrical
components to control the motors and equipment. These are designed to control
every piece of equipment in every industry. An electric control panel is used
to control mechanical equipment, each one is designed for a particular
equipment arrangement and includes devices that allow an operator to control
specific equipment. The electrical control panel contains meters, control
switches, and recorders located in the control building. Electric control
panels send signals to a wide range of industrial equipment such as heaters,
industrial machinery, lighting, motors, and others. Such signals are required
to control equipment. Different types of electrical panels include the variable
frequency drive panel, power distribution electrical panels, automatic mains
failure control panels, low tension, high tension, and others. The benefits of
using electrical control panel are it increases uptime, increases overall
efficiency, optimizes the use of electric power, reduces unscheduled services,
and others. They are found in factories to monitor and control machines or
production lines and in places such as nuclear power plants, ships, aircraft,
and others.
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The rise in demand from the electrical sector and equipment
safety drives the growth of the global electric
control panel market. Regular maintenance and additional training to
operate and troubleshoot devices restrain the growth of the global electric
control panel market. A rise in R&D to increase the efficiency of
electrical systems is expected to be the upcoming opportunity in the growth of
the global electric control panel market.
The electric control panel market is segmented into type,
form, application, and region. By type, the market is classified into low tension,
high tension, instrument, and others. Based on form, the market is bifurcated
into enclosed and open. On the basis of application, the market is categorized
into power generation, automotive, oil & gas, automation, and others.
Region-wise, the market is studied across North America, Europe, Asia-Pacific,
and LAMEA.
Key players in the global electric control panel market are
Schneider Electric, ABB, Siemens, GE, NSI, Simon, Leviton, KBMC, Paneltronics,
and Konark Automation. These major companies are adopting a number of
strategies such as product launches, research, developments in electric control
panel product performance, and others to maintain their position in the market.
Among these key players, AmSafe, Inc. is the leading manufacturer of electric
control panel systems for commercial and private aircraft.
Key Benefits for Stakeholders:
- The
global electric control panel market size has been analyzed across four
major regions.
- Porter’s
five force analysis helps to analyze the potential of buyers &
suppliers and the competitive scenario of the electric control panel for
strategy building.
- The
report outlines the current market trends and future scenarios of the
market size from 2018 to 2026 to understand the prevailing opportunities
and potential investment pockets. The market is forecasted for 2019-2026.
- Major
countries in each region have been mapped according to their individual
revenue contribution to the regional market. The key drivers,
restraints, opportunities & electric control panel market trends along
with their detailed impact analysis are elucidated in the study.
- The
global electric control panel market analysis covers in-depth information
on major industry participants.
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Key Market Segmentation: In Table Format
By Type
- Low
Tension
- High
Tension
- Instrument
- Others
By Form
- Enclosed
- Open
By Application
- Power
Generation
- Automotive
- Oil
& Gas
- Automation
- Others
By Region
- North
America (U.S., Canada, and Mexico)
- Europe
(UK, Germany, France, Spain, Italy, and the Rest of Europe)
- Asia-pacific
(China, Japan, India, Australia, South Korea, and the Rest of
Asia-Pacific)
- LAMEA
(Brazil, Saudi Arabia, South Africa, and the Rest of LAMEA).
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