Table of Contents
Overview
New York, NY – August 18, 2025 – The Global Electric Control Panel Market is projected to grow from USD 6.0 billion in 2024 to USD 11.2 billion by 2034, with a CAGR of 6.4% during the 2025–2034 forecast period. In 2024, the Asia Pacific (APAC) region led the market, holding a 43.8% share and generating USD 2.6 billion in revenue.
Electric control panels are critical for distributing, monitoring, and regulating power across industrial, commercial, and infrastructure facilities. In India, the electricity sector reached a generation capacity of 467.9 GW by March 31, 2025, with 1,949 TWh produced in FY 2023–24. Industry consumed approximately 41.2% of electricity in FY 2022–23, driving significant demand for control panels as essential components of industrial power systems.
The demand for electric control panels is driven by the increasing use of industrial automation in sectors such as manufacturing, chemicals, and automotive. India’s push for renewable energy, targeting 500 GW, necessitates advanced control systems for solar, wind, and hybrid setups. Government initiatives like the Smart Cities Mission and the National Electric Mobility Mission are boosting investments in smart infrastructure and electric vehicles, further increasing the need for sophisticated control panels.
Rapid industrialization, urban infrastructure growth, and rising automation adoption are key growth drivers. India’s goal to achieve 44.7% non-fossil fuel capacity supports the demand for control panels in renewable energy systems. Energy efficiency policies under the National Mission for Enhanced Energy Efficiency (NMEEE) and the Perform, Achieve, and Trade (PAT) scheme encourage upgrades to energy-efficient equipment, including control panels, to reduce energy intensity.
Under NMEEE, targets include avoiding 19,598 MW of capacity addition, saving 23 million tonnes of fuel annually, and reducing CO₂ emissions by 98.55 million tonnes per year. The PAT scheme incentivizes large energy-intensive firms with energy-saving certificates (ESCerts). The ADEETIE scheme, launched in August by the Ministry of Power and Bureau of Energy Efficiency, allocates ₹1,000crore, including₹875crore for interest subvention and ₹50 crore for implementation across 60 industrial clusters in 14 sectors, aiming to mobilize ₹9,000 crore in investments.
Key Takeaways
- The Electric Control Panel Market is projected to reach approximately USD 11.2 billion by 2034, rising from USD 6.0 billion in 2024, with a steady compound annual growth rate (CAGR) of 6.4%.
- In 2024, Power Control Panels emerged as the leading segment, accounting for over 34.7% share of the total market.
- Low Voltage Control Panels held a strong market position in 2024, representing more than 58.1% of the global market share.
- The Manufacturing and Industrial Automation segment dominated the application landscape in 2024, contributing to over 39.6% of total market revenue.
- The Asia Pacific (APAC) region led the global market in 2024, capturing a notable 43.8% share, which equated to an estimated USD 2.6 billion in market value.
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Report Scope
| Market Value (2024) | USD 6.0 Billion |
| Forecast Revenue (2034) | USD 11.2 Billion |
| CAGR (2025-2034) | 6.4% |
| Segments Covered | By Type (Power Control Panels, Motor Control Panels (MCPs), Automation Control Panels, Lighting Control Panels, Instrument Control Panels), By Voltage (Medium, High, Low), By Application (Manufacturing and Industrial Automation, Commercial, Power Generation, Residential, Agriculture, Others) |
| Competitive Landscape | ABB India Limited, ACCU-Panels Energy Pvt Ltd, Advance Private Limited, Highvolt Power & Control Systems Private Limited., JC Industries Private Limited, LS Power Control Private Limited, Precise Technofab India Private Limited, Ramyaa Electro Gear Private Limited, Rashmi Electricals Private Limited, Schneider Electric India Private Limited |
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Key Market Segments
By Type Analysis
Power Control Panels led the market in 2024, commanding a 34.7% share, driven by high industrial demand and energy infrastructure upgrades. These panels, essential for regulating and distributing power in heavy machinery, processing plants, and commercial facilities, saw strong adoption in sectors like oil & gas, water treatment, and automotive manufacturing. The push for energy-efficient systems and smart grid investments further fueled demand.
By Voltage Analysis
Low Voltage Control Panels dominated in 2024 with a 58.1% market share, driven by widespread use in commercial buildings, small factories, and public infrastructure requiring power distribution below 1,000 volts. Their cost-effectiveness, ease of integration with automation systems, and safety features made them a top choice for utility upgrades and new projects. The shift toward smart buildings and renewable energy initiatives bolstered their adoption.
By Application Analysis
Manufacturing and Industrial Automation held a leading 39.6% share in 2024, propelled by the growing adoption of automation in production lines, assembly units, and processing plants. Electric control panels are critical for machinery management, power distribution, and safety in industries like automotive and food processing. The rise of Industry 4.0 and digital manufacturing further drove demand for smart control systems.
Regional Analysis
In 2024, the Asia Pacific (APAC) region dominated the global electric control panel market with a 43.8% share, valued at USD 2.6 billion. This leadership was driven by rapid industrialization, expanding manufacturing, and supportive government policies in countries like China, India, Japan, and South Korea.
China’s Made in China 2025 initiative fueled demand for automation and energy-efficient systems, while India’s Make in India and Power for All programs spurred infrastructure and renewable energy growth, boosting low- and medium-voltage panel demand. Japan and South Korea’s investments in smart grids and automation further supported market growth.
The adoption of Industry 4.0 technologies, including IoT-enabled and digital control panels, accelerated demand. In 2025, APAC is expected to maintain its dominance as investments in clean energy, smart infrastructure, and digital manufacturing continue to drive demand for advanced control panels.
Top Use Cases
- Industrial Automation: Electric control panels manage machinery in factories, ensuring the smooth operation of production lines. They control motors, sensors, and conveyor belts, improving efficiency and reducing human error. Widely used in manufacturing, automotive, and food processing, these panels support Industry 4.0 by enabling real-time monitoring and automation for better productivity.
- Renewable Energy Management: Control panels regulate power distribution in solar and wind energy systems. They monitor energy flow, ensure grid stability, and integrate storage solutions. Essential for renewable energy projects, they help manage fluctuating power inputs, supporting global sustainability goals and efficient energy use in residential and industrial settings.
- Smart Building Systems: In commercial and residential buildings, control panels manage lighting, HVAC, and security systems. They enable energy-efficient operations and remote monitoring through IoT integration. Used in smart cities, these panels reduce energy costs and enhance safety, making them vital for modern infrastructure development.
- Electric Vehicle Charging Infrastructure: Control panels are key in EV charging stations, managing power distribution and monitoring charging processes. They ensure safe and efficient operation, supporting the growing electric vehicle market. With rising EV adoption, these panels are critical for expanding charging networks and maintaining a reliable energy supply.
- Oil and Gas Operations: In oil and gas facilities, control panels oversee critical processes like drilling, refining, and pipeline management. They ensure safety by monitoring equipment and preventing electrical faults. These panels are designed for harsh environments, providing support for automation and reliability in high-risk industrial operations.
Recent Developments
1. ABB India Limited
ABB India has introduced Next-Gen MNS Digital Low Voltage Switchboards, integrating IoT for real-time monitoring and predictive maintenance. The panels feature enhanced safety with arc-flash detection and energy efficiency optimization. ABB also launched NeoGear, a compact, digitalized switchgear reducing footprint. These innovations align with India’s smart grid and renewable energy push.
2. ACCU-Panels Energy Pvt Ltd
ACCU-Panels has expanded its solar-compatible control panels for hybrid power systems, supporting renewable integration. They recently developed customized PLC-based automation panels for industrial applications, improving process efficiency. The company also enhanced its fire-resistant panel enclosures, meeting IEC 61439 standards. Their focus remains on energy-efficient solutions for Indian industries.
3. Advance Private Limited
Advance Private Limited has launched smart motor control centers (MCCs) with cloud connectivity for remote diagnostics. Their new Modular Control Panels reduce downtime with plug-and-play components. The company also introduced explosion-proof panels for hazardous environments, complying with ATEX standards. These upgrades target the oil & gas and chemical industries.
4. Highvolt Power & Control Systems Pvt Ltd
Highvolt has developed IoT-enabled power distribution panels with real-time load monitoring. Their HV/LV panels now feature SCADA integration for industrial automation. A recent milestone includes supplying solar inverter panels for a plant. The company is also expanding exports to Southeast Asia.
5. JC Industries Private Limited
JC Industries has introduced energy-efficient servo control panels for manufacturing automation. Their IP66-rated outdoor panels are gaining traction in infrastructure projects. The company also customized PLC & HMI-based panels for water treatment plants, enhancing operational reliability.
Conclusion
The Electric Control Panel Market is growing steadily, driven by the increasing adoption of automation, renewable energy integration, and the development of smart infrastructure. These panels are essential for efficient power management across industries, from manufacturing to EV charging. With rising demand for energy efficiency and digital solutions, the market is set to expand, offering opportunities for innovation and investment.
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