South & Central America Industrial Control Panel Market Forecast to 2030
South & Central America Industrial Control Panel Market Forecast to 2030 – Regional Analysis – by Component (Control Devices, Fused Disconnect Switches, Motor Controllers, Circuit Breakers, Relays, and Others) and Application (Manufacturing, Food and Beverages, Oil and Gas, Chemical Industry, Automotive, and Others)
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Description
Construction of New Manufacturing Facilities and Warehouses Drives South & Central America Industrial Control Panel Market
The construction of manufacturing facilities and warehouses for producing and storing goods is growing worldwide, majorly in developed and developing countries. For instance, in 2022, Maersk established a new warehouse in Sao Paulo, Brazil. In 2023, the company further opened warehouses in Chile and Peru. Also, as part of CHINT’s globalization drive, a new relay was established with the official opening of the company’s 15th overseas warehouse in Brazil in 2022. Hence, the demand for industrial control panels is expected to rise in the above facilities as they help monitor and regulate various operations, including motor control, temperature management, lighting control, and process control. Thus, the growing construction of manufacturing plants and warehouses is expected to create an opportunity for the growth of the industrial control panel market.
South & Central America Industrial Control Panel Market Overview
Growing steel production activities in Brazil increase steel manufacturers’ demand for industrial control panels. According to Aço Brasil Institute, in January 2023, crude steel production rose by 2% and reached 35.3 million metric tons in Brazil. These panels are used for monitoring, controlling, and data visualization of components and machines that are used in crude steel production in steel mills.
South & Central America Industrial Control Panel Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Industrial Control Panel Market Segmentation
The South & Central America industrial control panel market is segmented based on component, application, and country. Based on component, the South & Central America 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 South & Central America 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 South & Central America industrial control panel market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America 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 South & Central America industrial control panel market.
Summary Info
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According to the Research Team’ research, the South & Central America industrial control panel market was valued at US$ 397.71 million in 2022 and is expected to reach US$ 695.44 million by 2030, registering a CAGR of 7.2% from 2022 to 2030. Growing mining activities and technological advancements in industrial control panels are among the critical factor attributed to the South & Central America industrial control panel market expansion.
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. For instance, in 2023, Codelco announced plans to rehabilitate the Chilean copper mine with an additional investment of US$ 720 million. Also, Chinese investors invested US$ 4.4 billion into Brazil’s mining industry between 2007 and 2022. The director of the Brazil-China Business Council (CEBC), Gustavo Biscassi, stated that this amount accounted for 6.2% of China’s overall investment during this time. The Chinese corporation plans to invest US$ 610 million to construct three factories in the state of Bahia. One of the units will produce iron phosphate and lithium for the global market. The primary constituents of steel, nickel, and copper are highly sought for in addition to iron ore. Also, Brazil and Saudi Arabia are negotiating on energy transformation and investments in sustainable mining.
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.
On the contrary, high deployment and replacement costs of industrial control panels hurdles the growth of South & Central America industrial control panel market.
Based on component, the South & Central America industrial control panel market is categorized into control devices, fused disconnect switches, motor controllers, circuit breakers, relays, and others. The control devices segment held 26.8% share of South & Central America industrial control panel market in 2022, amassing US$ 106.39 million. It is projected to garner US$ 202.34 million by 2030 to expand at 8.4% CAGR during 2022-2030.
In terms of application, the South & Central America industrial control panel market is segmented into manufacturing, food and beverages, oil and gas, chemical industry, automotive, and others. The oil and gas segment held 37.3% share of South & Central America industrial control panel market in 2022, amassing US$ 148.36 million. It is projected to garner US$ 273.63 million by 2030 to expand at 8.0% CAGR during 2022-2030.
Based on country, the South & Central America industrial control panel market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 57.9% share of South & Central America industrial control panel market in 2022. It was assessed at US$ 230.20 million in 2022 and is likely to hit US$ 423.08 million by 2030, exhibiting a CAGR of 7.9% during 2022-2030.
Key players operating in the South & Central America industrial control panel market are ABB Ltd, Eaton Corp Plc, OMRON Corp, Rockwell Automation Inc, Rittal GmbH & Co KG, Schneider Electric SE, Siemens AG, and CETAL SAS, among others.
In September 2019, OMRON to introduce sixth wave of control panel equipment for factory automation to world, built on common design platform.
In November 2019, Siemens control panel online symposium.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America industrial control panel market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America industrial control panel market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Industrial Control Panel Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. South & Central America Industrial Control Panel Market – Key Industry Dynamics
5.1 Industrial Control Panel Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rise in Demand for Factory Automation
5.2.2 Supportive Government Standards and Regulations
5.3 Market Restraints
5.3.1 High Deployment and Replacement Costs of Industrial Control Panels
5.4 Market Opportunities
5.4.1 Construction of New Manufacturing Facilities and Warehouses
5.4.2 Technological Advancements in Industrial Control Panels
5.5 Future Trends
5.5.1 Growing Mining Activities
5.6 Impact of Drivers and Restraints:
6. Industrial Control Panel Market – South & Central America Market Analysis
6.1 South & Central America Industrial Control Panel Market Revenue (US$ Million), 2022 – 2030
6.2 Industrial Control Panel Market Forecast and Analysis
7. South & Central America Industrial Control Panel Market Analysis – Component
7.1 Control Devices
7.1.1 Overview
7.1.2 Control Devices Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Fused Disconnect Switches
7.2.1 Overview
7.2.2 Fused Disconnect Switches Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Motor Controllers
7.3.1 Overview
7.3.2 Motor Controllers Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Circuit Breakers
7.4.1 Overview
7.4.2 Circuit Breakers Market, Revenue and Forecast to 2030 (US$ Million)
7.5 Relays
7.5.1 Overview
7.5.2 Relays Market, Revenue and Forecast to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Industrial Control Panel Market Analysis – Application
8.1 Manufacturing
8.1.1 Overview
8.1.2 Manufacturing Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Food and Beverages
8.2.1 Overview
8.2.2 Food and Beverages Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Oil and Gas
8.3.1 Overview
8.3.2 Oil and Gas Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Chemical Industry
8.4.1 Overview
8.4.2 Chemical Industry Market, Revenue and Forecast to 2030 (US$ Million)
8.5 Automotive
8.5.1 Overview
8.5.2 Automotive Market, Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Industrial Control Panel Market – Country Analysis
9.1 South America Industrial Control Panel Market Revenue and Forecasts and Analysis – By Country
9.1.1 South America Industrial Control Panel Market Revenue and Forecasts and Analysis – By Country
9.1.2 Brazil Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1 Brazil Industrial Control Panel Market Breakdown by Component
9.1.2.2 Brazil Industrial Control Panel Market Breakdown by Application
9.1.3 Argentina Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.1 Argentina Industrial Control Panel Market Breakdown by Component
9.1.3.2 Argentina Industrial Control Panel Market Breakdown by Application
9.1.4 Rest of SAM Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.4.1 Rest of SAM Industrial Control Panel Market Breakdown by Component
9.1.4.2 Rest of SAM Industrial Control Panel Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 ABB Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Eaton Corp Plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 OMRON Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Rockwell Automation Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Rittal GmbH & Co KG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Schneider Electric SE
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Siemens AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 CETAL SAS
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About the Research Team
13.2 Word Index
LIST OF TABLES
Table 2. Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. South & Central America Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 4. South & Central America Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 5. South & Central America Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 6. Brazil Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 7. Brazil Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 8. Argentina Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 9. Argentina Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. Rest of SAM Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 11. Rest of SAM Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 12. Heat Map Analysis By Key Players
Table 13. List of Abbreviation
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LIST OF FIGURES
Figure 2. Ecosystem: Industrial Control Panel Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Industrial Control Panel Market Revenue (US$ Million), 2022 – 2030
Figure 5. South & Central America Industrial Control Panel Market Share (%) – Component, 2022 and 2030
Figure 6. Control Devices Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Fused Disconnect Switches Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Motor Controllers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Circuit Breakers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Relays Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. South & Central America Industrial Control Panel Market Share (%) Application, 2022 and 2030
Figure 13. Manufacturing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Food and Beverages Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Oil and Gas Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Chemical Industry Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Automotive Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. South & Central America Industrial Control Panel Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 20. Industrial Control Panel Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. Brazil Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Argentina Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Rest of SAM Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
1. ABB Ltd
2. Eaton Corp Plc
3. OMRON Corp
4. Rockwell Automation Inc
5. Rittal GmbH & Co KG
6. Schneider Electric SE
7. Siemens AG
8. CETAL SAS
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