Middle East & Africa Industrial Control Panel Market Forecast to 2030 - Regional Analysis - by Component and Application

The Middle East & Africa industrial control panel market was valued at US$ 274.23 million in 2022 and is expected to reach US$ 442.01 million by 2030; it is estimated to grow at a CAGR of 6.1% from 2022 to 2030.

Growing Mining Activities Boost Middle East & Africa Industrial Control Panel Market

The rising demand for different metals and minerals is increasing mining activities worldwide. Various countries are increasing their investments to expand their mining sites to fulfill this rising demand. According to Vision 2030, the mining industry is crucial to reaching Riyadh's goal of net-zero carbon emissions by 2060. For instance, Saudi Arabia expects that by 2030, the percentage of renewable energy in the nation's total energy mix will reach 50% due to its mining-driven green revolution. Saudi officials believe that by increasing the mining sector's contribution to the country's GDP from US$ 17 billion to US$ 75 billion by 2030, thousands of high-paying employments will be created. By 2035, it is anticipated that domestic mining investments will lower Saudi Arabia's mineral imports from US$ 19 billion to US$ 11.5 billion, lowering expenses and boosting the competitiveness of the country's mineral-dependent sectors. Further, following changes in its mining industry, Kenya has drawn investments totaling US$ 1 billion, positioning itself as a major force behind economic growth. Several other nations across African region are witnessing high growth in their mining and exploration industry.

Such growing investment in the mining industry will further raise mining production worldwide. The increase in mining production worldwide is expected to raise the demand for higher-level monitoring and control of various machinery, fueling the growth of the industrial control panel market.

In addition, the adoption of automation is rising in the mining industry to improve safety and efficiency at the sites. Automation helps mining companies gain complete control of their fleets and reduce capital and labor costs, thus improving energy efficiency. According to the Telefonaktiebolaget LM Ericsson case study, by using automation for drilling and blasting, ~US$ 2.48 million was saved annually at the Aitik mine alone. Thus, growing mining activities and rising automation in the mining industry are expected to propel the growth of the industrial control panel market during the forecast period.

Middle East & Africa Industrial Control Panel Market Overview

The industrial control panel market in the Middle East & Africa is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East and Africa. The demand for cars among consumers is increasing in the Middle East, especially in Saudi Arabia and Dubai, which creates opportunities for industrial control panel market players to streamline manufacturing processes. Dubai is perceived as an automotive hub for exports and re-exports of vehicles. The demand for luxury cars is growing in Dubai, which increases the need for industrial control panels for controlling and supervising numerous automotive components simultaneously. The government of Dubai estimated that the city will have 18 million cars and 9 million commercial vehicles by the end of 2023, respectively. The rising demand for cars and commercial vehicles increases the adoption of industrial control panels among automotive manufacturers, which is fueling the market growth. Industrial control panels are used to streamline the production line of the automotive industry. Robots and conveyor systems rely heavily on precise instruction, which increases the adoption of industrial control panels for instructing robots. Industrial control panels manage the movement of auto components and parts, enabling a synchronized flow to optimize efficiency by reducing human error in automotive manufacturing.

Middle East & Africa Industrial Control Panel Market Segmentation

The Middle East & Africa industrial control panel market is segmented based on component, application, and country. Based on component, the Middle East & Africa industrial control panel market is segmented into control devices, fused disconnect switches, motor controllers, circuit breakers, relays, and others. The control devices segment held the largest market share in 2022.

In terms of application, the Middle East & Africa industrial control panel market is categorized into manufacturing, food and beverages, oil and gas, chemical industry, automotive, and others. The oil and gas segment held the largest market share in 2022.

Based on country, the Middle East & Africa industrial control panel market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa industrial control panel market share in 2022.

ABB Ltd, Eaton Corp Plc, OMRON Corp, Rockwell Automation Inc, Rittal GmbH & Co KG, Schneider Electric SE, Siemens AG, and CETAL SAS are some of the leading players operating in the Middle East & Africa industrial control panel market.