The North American electric control panel market was valued at $1.6 billion in 2023 and is expected to reach $2.8 billion by 2033, reflecting a growth rate of nearly 6 percent annually, according to Allied Market Research.
Globally, the industrial control panel market was valued at about $15.7 billion in 2024 and is projected to reach $23.4 billion by 2033, growing at a 6.1 percent compound annual rate, according to DataHorizzon Research.
Sources: AlliedMarketResearch.com, “North America Electric Control Panel Market,” 2025; DataHorizzonResearch.com, “Industrial Control Panels Market Report,” 2025.