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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