North America Electric Control Panel Market Forecast to 2030 - COVID-19 Impact and Regional Analysis - by Form, Type, and Industry

The North America electric control panel market is expected to grow from US$ 1,495.80 million in 2022 to US$ 2,499.63 million by 2030; it is estimated to grow at a CAGR of 6.6% from 2022 to 2030.

In the 1970s, the first electronic controllers were employed in relay systems, which were like telephones. The introduction of microprocessors to mobile machinery controls in the 1980s led to advanced breakthroughs. A mobile machinery controller is used to control elevators and other mobile machines, while an elevator control panel houses all of the elevator controls. All power supply modules are housed in the elevator control panel, which also orchestrates all operations and assures safety. The elevator control panels also handle operations such as registering or canceling car calls, door control, carload measurement, and speed. Mobile machinery panels allow for quick and exact setup and positioning during commissioning, even for bigger manufacturing facilities, complex or enclosed machines, long materials handling or production lines, and conveyor systems. These panels also help machine operators in ensuring less time for operations such as retooling, maintenance, and repairs. Siemens, for example, offers SIMATIC HMI Mobile Panels with a 4, 7, or 9-inch display and a PROFINET connection. The panels aid greater flexibility and convenience to users. The stunning widescreen display, with a 16:9 aspect ratio and 16 million colors, gives clear, detailed representations of simple and complicated processes along with plant images. Moreover, the unique lighted emergency STOP button, three-step enabling switch, and customizable analysis choices of safety elements support the integration of individual control units within a safety architecture for mobile machinery. The increased use of electric control panels in mobile machinery such as cranes, hoisting machines, and elevator controls benefits the market for industrial control panels. Remote I/O (i.e., input/output) panels positioned near the applications are also known as ET-extended termination stations. These remote-operated panels terminate all of the cablings from the field devices and equipment. As remote I/O panels can be moved with the movable gear in the operating field, they can save significant amounts required for wiring. Thus, the growing use of electric panels in mobile machinery boosts the electric panel market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America electric control panel market. The North America electric control panel market is expected to grow at a good CAGR during the forecast period.

North America Electric Control Panel Market Segmentation

The North America electric control panel market is segmented based on form, type, industry, and country.

• Based on form, the North America electric control panel market is bifurcated into enclosed and open. The open segment dominated the market in 2022.
• Based on type, the North America electric control panel market is bifurcated into low tension and medium and high tension. The medium and high-tension segment dominated the market in 2022.
• Based on industry, the North America electric control panel market is segmented into manufacturing, chemical, automotive, food and beverages, power, oil and gas, pharmaceutical, aerospace and defense, and others. The power segment dominated the market in 2022.
• -Based on country, the North America electric control panel market is segmented into the US, Canada, and Mexico. The US would dominate the market in 2022.

ABB Ltd; Bectrol; Cetal; Eaton; Leviton Manufacturing Co., Inc.; Rittal Gmbh & Co. KG; Rockwell Automation, Inc.; Schneider Electric SE; Siemens AG; and SIMON PROtec are among the leading companies in the North America electric control panel market.