South & Central America Industrial Control Panel Market Forecast to 2030 - Regional Analysis

Description

List of Tables

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; it is estimated to grow at a CAGR of 7.2% from 2022 to 2030.

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 Aco 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.

Product Code: BMIRE00030156

Table of Content

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. 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 Insight Partners
13.2 Word Index