Global Electrical Control Panel Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Form Coverage, By Type Coverage, By Industry Coverage, By Geographic Coverage and By Company)
Published Date: Oct 2023 |
Format:
| No. of Pages: 225
Industry: Information & Communications Technology | Author Name: Harshad
Asia Pacific presently leads the global market for electrical control panels. largest share in the global electrical control panel market.
The primary factor projected to drive the electrical control panel market expansion is an increasing demand for industrial automation, increasing demand for IoT and smart technology, and increasing demand for renewable energy integration.
In 2022, the open category held a significant share of the market. On the other side, the medium and high tension segment also registered a significant revenue share of the global electrical control panel market.
Customised control panels that are made to meet the requirements of a particular business are becoming more and more in demand. Manufacturers now have an opportunity to focus on offering services for specialised industries like healthcare, aircraft, or energy.
ABB Ltd., Eaton, Leviton Manufacturing Co. Ltd., Schneider Electric SE, Siemens AG, Rockwell Automation Inc., Mitsubishi Electric Corporation, and General Electric Company (GE) are some of the biggest names in this industry.
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