市场调查报告书
商品编码
1607781
印度的电控盘市场:各类型,不同形态,各电压,各用途,各地区,机会,预测,2018年~2032年India Electric Control Panel Market Assessment, By Type, By Form, By Voltage, By Application By Region, Opportunities and Forecast, FY2018-FY2032F |
2025-2032年预测期内,印度电气控制面板市场规模将以5.70%的复合年增长率扩大,从2024年的3.948亿美元增长到2032年的6.1514亿美元。该市场近年来取得了显着的成长,预计未来将保持稳定的扩张速度。
印度电气控制面板市场受到大量基础设施投资、快速工业化、不断增长的电力需求、可再生能源整合、政府支持政策以及对工业领域自动化的关注的推动,从而促使了对电气控制面板的需求。在印度,由于人口成长和城市化,电力需求不断增加,预计未来几年将推动电气控制面板的需求市场规模。随着该国不断工业化,对高效电力管理系统的需求不断增长,以支援自动化流程并确保可靠的配电。
此外,该国基础设施项目的大量投资正在推动对电气控制面板的需求。政府和高等机构正在寻求现代化和扩大基础设施,包括发电和配电系统。电力产业正在寻求能够有效管理电气系统的先进控制解决方案,从而推动电气控制面板市场的成长。此外,日益严格的安全法规和合规性要求正在推动业界采用电气控制面板以确保安全操作。具有最新安全功能的电气控制面板可协助企业满足政府监管标准并有效实现生产自动化。
本报告提供印度的电控盘市场相关调查,提供市场概要,以及各类型,不同形态,各电压,各用途,各地区趋势,及加入此市场的主要企业简介等资讯。
India electric control panel market is projected to witness a CAGR of 5.70% during the forecast period FY2025- FY2032F, growing from USD 394.80 million in FY2024 to USD 615.14 million in FY2032. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.
The electric control panel market in India depends on several factors that contribute to the rise in demand for electric control panels, such as substantial infrastructure investments, rapid industrialization, growing power needs, renewable energy integration, supportive government policies, and a focus on automation in the industrial sector. In India, the electricity demand is rising due to population growth and urbanization, which will drive the demand for electric control panels market size in the coming years. With the rise in industrialization in the country, the need for efficient power management systems is increasing which could be able to support automated processes and ensure reliable power distribution.
Moreover, the substantial investments in infrastructure projects in the country are boosting the demand for electric control panels. Governments and higher authorities are looking to modernize and expand the infrastructure, including power generation and distribution systems. The power sector is looking for advanced control solutions that can manage electrical systems effectively and foster the electric control panel market growth. In addition, the upcoming stricter safety regulations and compliance requirements are pushing industries to adopt electric control panels to ensure safe operations. Electric control panels equipped with modern safety features assist businesses in meeting government regulatory standards and automation production effectively.
For instance, in October 2024, the power ministry announced the goal to expand India's renewable transmission infrastructure and energy grid capacity by 2032. The government is looking to invest around USD 109 billion to build the capacity for up to 500 GWs of renewable power. This development will increase the demand for electric control panels in the utility sector for the transmission and distribution of renewable energy.
Rising Focus on Automation in the Industrial and Manufacturing Sector Foster Market Demand
India is looking to invest in the industrial sector to automate its operations. The industrial sector is inclining toward the adoption of efficient machinery and equipment which drives the demand for electric control panels in the Indian market. The rising focus on automation and the principles of Industry 4.0 in the country is significantly fostering the demand for advanced electric control panels for large machinery. The integration of electric control panels with large equipment enables faster production cycles by automating repetitive tasks and optimizing workflows. The panels are becoming essential for automating the energy flow for different operations, which drives the demand for electric control panels in the market.
The rise in automation in the industrial sector drives the need for customizable and scalable electric control panel solutions that could be able to adapt to the changing production requirements. In addition, the Industry 4.0 program emphasizes the use of smart technologies in the manufacturing sector to create interconnected systems that could enhance productivity and flexibility of the operation. Electric control panels play a vital role in the transformation of the power flow and communication between machines and systems, which drive demand in the market.
For instance, the "Industry 4.0" phase includes integrating digital and physical systems to enhance efficiency and transparency across various operations. Digital technology is expected to account for 40 percent of overall manufacturing spending, with more than two-thirds of local manufacturers adopting Industry 4.0 practices, which drive the demand for automation technologies in the manufacturing sector and, hence, drive the demand for electric control panels in the market.
Rise in Demand for Reliable Power Supply Management Device Augmenting Market Growth
The rise in urbanization in the country drives the demand for power on a larger scale. The growing demand for energy necessitates the expansion of power generation facilities, including traditional power plants and renewable energy sources like solar and wind. Electrical control panels are becoming essential devices in the utility sector for managing and distributing the generated power efficiently and ensuring that electricity reaches consumers reliably.
The country is looking to modernize electrical grids and expand renewable power infrastructure, which will foster the electric control panel market size in the forecast period. Significant investments in utility projects are boosting the market demand for advanced electrical control panels. Moreover, the country's shift towards renewable energy is a major driver of demand for electrical control panels. The electric control panels are critical for integrating renewable energy sources into existing power grids and maintaining the proper flow of energy.
In residential applications, the electric control panels manage the intermittent nature of renewable energy by controlling the flow of electricity from solar panels and other sources. Commercial and industrial sectors are adopting smart grid solutions for maintaining grid stability and reliability which drives the demand for electric control panel solutions in the market.
For instance, in July 2023, the country made the electricity generation target (Including RE) for the year 2023-24 of around 1750 billion Units (BU) which is a growth of around 7.2% over an actual generation of 1624.158 BU for the previous year (2022-23). The rise in electricity generation and distribution for different applications will drive the demand for electric control panels in the market.
Supportive Government Policies Creates Market Opportunity
The Indian government is promoting electrification and modernization of power grids through various incentive plans. The upcoming plans mainly focus on enhancing energy efficiency and sustainability which drive the demand for efficient electric control panels in the market. The policies will encourage investments in reliable electric control systems which are going to boost the market size of electric control panels in coming years. The government is looking to design policies that will support smart grid technologies and create a favorable environment for the adoption of advanced electric control panels in the country.
The government is promoting the integration of renewable energy sources into the power grids as part of their commitment to sustainability which creates the opportunity for the electric control panels. Policies are encouraging the initiation of new renewable energy projects create a need for electric control panels which will drive the market share in coming years.
Governments are implementing significant investments in new energy infrastructure. The initiatives often prioritize the modernization of projects that would require new electrical control systems, thereby increasing demand for electric control panels in the market. Moreover, the government is promoting the domestic manufacturing of electric components, including electric control panels which could bring economies of scale to manufacturers.
For instance, the Indian government is fostering a supportive policy environment for industrial automation through initiatives like the National Program on Artificial Intelligence and the National Mission on Interdisciplinary Cyber-Physical Systems. These policies emphasize the integration of AI in manufacturing processes with proper electricity distribution, which drives the demand for electric control panels in the market.
Power Control Centers (PCC) to Dominate the India Market
Power control centers (PCC) experienced a high adoption rate in the forecast period which made the segment dominate the Indian market. The power control centers (PCC) play a critical role in managing and distributing electrical power. PCCs serve as the central hub for controlling and distributing electrical power within industrial facilities. The product enables load balancing by distributing electrical loads evenly across multiple circuits in the industry. The optimization feature of PCC reduces the risk of overloads and ensures the safety of equipment, which drives demand in the market.
Modern PCCs are equipped with advanced monitoring systems that provide real-time data on power usage and enhance system performance. Moreover, PCCs facilitate the industries to adopt and integrate renewable energy sources into existing power systems which creates the opportunity for the product in the market. In addition, the Indian government has launched numerous infrastructure and industrial projects aimed at modernizing the power sector. The initiatives focus on expanding and upgrading transmission and distribution networks, which drive the demand for PCCs to manage the flow of electricity effectively and safely.
West and Central Regions Dominate the India Market
West and central regions have dominated the electric control panel market and is expected to continue during the forecast period. The demand for electric control panels is on the rise due to various factors such as industrialization, infrastructure development, and government initiatives. The region has numerous manufacturing units, IT parks, and industrial corridors which drives the demand for electric control panels to manage automation and power distribution efficiently. The growing emphasis on automation in industrial sectors boosts the need for electric control panels to optimize operations. Moreover, the governments of different states are focusing on industrial growth and renewable energy, which further propels the demand for electric control panels in the market.
Future Market Scenario (FY2025 - FY2032F)
The push towards smart grid technologies is another significant trend that drives the demand for the electric control panel market.
Government policies aimed at promoting infrastructure development and electrification are set to boost the demand for electric control panels in the country.
Integration of renewable energy sources in large-scale industrial applications creates the opportunity for electric control panel market growth in coming years.
Electric control panels align with government goals regarding energy efficiency and sustainability energy policies, which will drive the market in the forecast period.
Key Players Landscape and Outlook
Continuous innovation characterizes the landscape of electric control panels, as the companies compete in terms of energy efficiency, product life, and unique features. The market outlook remains positive, owing to increased demand for the integration of renewable energy and automation in the industrial sector. Electric control panel players are concerned with supply chain resilience, energy efficiency, and environmental practices, which will define the industry's future. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.
For instance, in October 2024, Schneider Electric decided to enter a partnership with Noida International Airport to develop energy management solutions. Through the partnership, Schneider Electric will roll out complete building management solutions, comprising electrical SCADA and an advanced distribution management system, which will significantly boost the airport's operational efficiency and sustainability. This development will help the company increase revenue in the near future.
All segments will be provided for all regions covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.