Middle East & Africa 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)
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 Revenue and Forecast to 2030 (US$ Million)
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.
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 Revenue and Forecast to 2030 (US$ Million)
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.
1. INTRODUCTION
1.1 The Insight Partners 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. MIDDLE EAST & AFRICA INDUSTRIAL CONTROL PANEL MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. MIDDLE EAST & AFRICA 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 - MIDDLE EAST & AFRICA MARKET ANALYSIS
6.1 Middle East & Africa Industrial Control Panel Market Revenue (US$ Million), 2022 - 2030
6.2 Industrial Control Panel Market Forecast and Analysis
7. MIDDLE EAST & AFRICA 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. MIDDLE EAST & AFRICA 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. MIDDLE EAST & AFRICA INDUSTRIAL CONTROL PANEL MARKET - COUNTRY ANALYSIS
9.1 Middle East & Africa
9.1.1 Middle East & Africa Industrial Control Panel Market Overview
9.1.2 Middle East & Africa Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.1.2.1 Middle East & Africa Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.1.2.2 Saudi Arabia Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Saudi Arabia Industrial Control Panel Market Breakdown by Component
9.1.2.2.2 Saudi Arabia Industrial Control Panel Market Breakdown by Application
9.1.2.3 UAE Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 UAE Industrial Control Panel Market Breakdown by Component
9.1.2.3.2 UAE Industrial Control Panel Market Breakdown by Application
9.1.2.4 South Africa Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 South Africa Industrial Control Panel Market Breakdown by Component
9.1.2.4.2 South Africa Industrial Control Panel Market Breakdown by Application
9.1.2.5 Rest of MEA Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Rest of MEA Industrial Control Panel Market Breakdown by Component
9.1.2.5.2 Rest of MEA 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 Insight Partners
13.2 Word Index
1.1 The Insight Partners 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. MIDDLE EAST & AFRICA INDUSTRIAL CONTROL PANEL MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. MIDDLE EAST & AFRICA 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 - MIDDLE EAST & AFRICA MARKET ANALYSIS
6.1 Middle East & Africa Industrial Control Panel Market Revenue (US$ Million), 2022 - 2030
6.2 Industrial Control Panel Market Forecast and Analysis
7. MIDDLE EAST & AFRICA 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. MIDDLE EAST & AFRICA 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. MIDDLE EAST & AFRICA INDUSTRIAL CONTROL PANEL MARKET - COUNTRY ANALYSIS
9.1 Middle East & Africa
9.1.1 Middle East & Africa Industrial Control Panel Market Overview
9.1.2 Middle East & Africa Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.1.2.1 Middle East & Africa Industrial Control Panel Market Revenue and Forecasts and Analysis - By Country
9.1.2.2 Saudi Arabia Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Saudi Arabia Industrial Control Panel Market Breakdown by Component
9.1.2.2.2 Saudi Arabia Industrial Control Panel Market Breakdown by Application
9.1.2.3 UAE Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 UAE Industrial Control Panel Market Breakdown by Component
9.1.2.3.2 UAE Industrial Control Panel Market Breakdown by Application
9.1.2.4 South Africa Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 South Africa Industrial Control Panel Market Breakdown by Component
9.1.2.4.2 South Africa Industrial Control Panel Market Breakdown by Application
9.1.2.5 Rest of MEA Industrial Control Panel Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Rest of MEA Industrial Control Panel Market Breakdown by Component
9.1.2.5.2 Rest of MEA 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 Insight Partners
13.2 Word Index
