Saudi Arabia Electric Control Panel Market Assessment, By Type [Power Control Centers, Motor Control Centers, Automation Panels], By Form [Open, Enclosed], By Voltage [Low, Medium, High], By Application [Manufacturing and Industrial Automation, Power Generation, Residential and Commercial, Transportation, Others], By Region, Opportunities and Forecast, 2018-2032F

Saudi Arabia Electric Control Panel Market is projected to witness a CAGR of 4.60% during the forecast period 2025-2032, growing from USD 526.40 million in 2024 to USD 754.34 million in 2032. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.

In Saudi Arabia, the electric control panels market is growing at a significant rate due to various factors such as growth in industrial and infrastructure expansion, rise in renewable energy projects, and inclination towards automation. Panels are able to manage power distribution and automation systems effectively, which boosts their demand in the market. Electric control panels ensure efficiency, safety, and operational control across various sectors which make components crucial for the country's rapidly evolving economic landscape.

Furthermore, the country is looking to diversify the economy and promote different sectors such as manufacturing, tourism, and renewable energy. The diversification leads to increased investments in infrastructure and industrial projects which drive the demand for electric control panels. The industrial sector is adopting automated processes to enhance productivity and reduce operational costs. The government is promoting investments in technology and infrastructure as part of its economic diversification strategy, which creates a favorable environment for companies to invest in advanced electric control systems, further driving market growth. Safety regulations in industrial operations require advanced electric control panels equipped with safety features, which drive the adoption of reliable control panel solutions in the market.

For instance, in October 2024, the government of Saudi Arabia launched the National Industrial Strategy (NIS) to increase the number of manufacturing facilities from the current 10,728 factories to 36,000 by 2035 with a high level of automation. The rise in manufacturing facilities will increase the demand for efficient electric control panels in the coming years.

Increased Focus on Safety and Compliance Propelling the Market Size

Electric control panels include advanced safety features such as overload protection, fault detection, emergency shut-off systems, and arc flash protection which provide safety to equipment and human life. The panel reduces equipment failure and downtime which makes compliant panels more attractive to end-users. For safety purposes, the industrial sector is adopting the efficient electric control panel, which drives the market growth. In addition, the industrial sector requires specialized control panels that are fire-resistant and explosion-proof. Companies are investing in safety infrastructure to mitigate risks associated with short circuits which further driving demand for electric control panels market size.

Industries are prioritizing worker safety, leading to an increased demand for electric control panels that adhere to high safety standards. Intelligently designed panels help prevent accidents related to electrical faults, thereby fostering a safer working environment. Moreover, the deployment of certified electric control panels in industrial space ensures compliance with local and international safety standards, which is essential for operating in regulated industries. Completing compliance enhances safety and protects companies from legal liabilities associated with non-compliance.

Organizations are becoming more aware of the importance of adhering to safety protocols and regulations. The rise in awareness leads to increased investments in electric control panels designed to comply with established standards, further driving market growth.

For instance, in November 2024, Saudi Arabia introduced standards such as IEC 60364 and several Saudi Fire Code regulations regarding fire protection safety in the manufacturing sector. The standards outline requirements for efficient electrical installations that could mitigate the risks associated with short circuits.

Rise in Renewable Energy Development and Smart Grid Initiative Augmenting the Market Growth

The country is looking for an energy transition to complete the sustainability and decarbonization goals. Industrial and commercial sectors are increasingly adopting renewable energy solutions as part of sustainability strategies. In addition, the smart grid technology initiatives focus on modernizing electrical grids to improve reliability and sustainability. Electric control panels are becoming an essential component in energy transition as panels enable the efficient management of clean energy sources in the grid while ensuring compliance with environmental regulations. The rise in the need for reliable electric control panels to manage large grid systems supports market growth in the coming year.

Furthermore, electric control panels can integrate renewable energy into the existing power grid and ensure stability and reliability in power distribution in industries. Smart grids with electric control panels facilitate the management of distributed energy resources (DERs) which allow for real-time monitoring and control of energy flows from various renewable sources. The panels are cable in maintaining grid stability as more renewables are added to the energy mix which boosts the demand for electric control panels in industrial applications.

Thus, the rise in renewable energy development and smart grid initiatives is augmenting the electric control panel market size.

For instance, in November 2024, the Saudi Electricity Company (SEC), under the supervision of the Ministry of Energy, signed a major Memorandum of Understanding (MoU) with several key energy companies to enhance regional cooperation and integrate renewable energy, which will increase the demand for electric control panels in the utility sector.

Upcoming Advancement in Control Panel Technology Creates Opportunities for the Market

The upcoming innovations in panel technology enhance functionality, efficiency, safety, and adaptability, making control panels more attractive to various industries. Electric control panels equipped with data analytics capabilities are able to process large volumes of operational data to optimize performance and predict potential failures during operations. The innovative functionality of electric control panels enhances operational efficiency and reduces downtime which drives its demand in the market.

Advanced panel technology allows for handling complex automation processes in industrial applications. The upcoming electric control panel technologies offer remote access capabilities that allow operators to manage systems from anywhere. The advancements in electric control panels allow for more modular and customizable control panel designs which could be tailored according to operational needs. Modern technologies enable scalable solutions which assist businesses to increase manufacturing processes.

For instance, in September 2024, Schneider Electric decided to launch an AI-powered home energy management feature for the Wiser Home application, which helps the residential sector to manage the power flow. This development showcases the introduction of modern technologies which will drive electric control panels in residential applications in coming years. 

Power Control Centers (PCC) to Dominate the Market Share

Power control centers (PCC) are experiencing a high adoption rate in the forecast period which makes the segment dominate the market. Saudi Arabia is working to modernize and expand the existing power grid to meet rising energy demands. The power infrastructure is being updated with smart grids which require modern electric control panels. Moreover, the Saudi government is also committed to improving electricity access to the manufacturing sector. The rise in a number of numbers of manufacturing industries is driving the demand for power control centers (PCC) in the country. Moreover, the country is looking to integrate renewable energy sources into the existing power grid which boosts the adoption of power control centers (PCC) for different applications. Thus, to fulfill the above goals of the country the demand for power control centers (PCC) is on the rise and makes the segment dominate the market.

Riyadh Leads the Electric Control Panel Market

The Riyadh region dominated the electric control panel market and had the highest market share. Public and private investments in smart manufacturing and technology are driven by a USD 26 billion government investment to rapidly grow the manufacturing sector in the Riyadh region.

Riyadh is undergoing major expansion in terms of population, commercial, and industrial projects, leading to an increasing demand for reliable and efficient electrical components. Moreover, Riyadh is part of Saudi Arabia's smart city initiatives, which plans to integrate digital technologies and smart infrastructure into urban planning, which drive the electrical control panel in the market.

For instance, in August 2024, KAFD, Riyadh Metro, and New Riyadh City developments are massive projects that are ongoing in Riyadh and necessitate a substantial electrical infrastructure. With the rise in urbanization and industrialization, the demand for electric control panels will rise in the country.

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Future Market Scenario (2025 – 2032F)

• As industries in Saudi Arabia adopt more automated processes to enhance productivity and efficiency, the demand for sophisticated electric control panels that support automation technologies rise
• Innovations such as artificial intelligence (AI), machine learning, and advanced data analytics will enhance the functionality of electric control panels in the forecast period.
• As industries and homeowners continue to seek cleaner, more efficient, and more reliable power solutions the demand for electric control panels will continue to grow in the forecast period.

Report Scope

“Saudi Arabia Electric Control Panel Market Assessment, Opportunities and Forecast, 2018-2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of Saudi Arabia Electric Control Panel market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2025 and 2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	2024
Historical Period	2018-2023
Forecast Period	2025-2032
Projected Growth Rate	CAGR of 4.60% between 2025 and 2032
Revenue Forecast in 2032	USD 754.34 million
Segments Covered	Type, Form, Voltage, Application
Regions Covered	Riyadh, Makkah, Eastern Region, Madinah and Rest of Saudi Arabia
Key Companies Profile	Schneider Electric Saudi Arabia, Electrical A. Modern Factory Co. (EAMFCO), Riyadh Factory For Panel Boards Co., Modern Circuit Co., Power Center Factory, Advanced Electric Control Systems Est., System House Factory (SEP), Saudi Powertec Co. Ltd., ECPF, Electrical care Services Factory Co. (ECS)
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfil your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In the report, Saudi Arabia electric control panel market has been segmented into the following categories:

• By Type
  • Power Control Centers (PCC)
  • Motor Control Centers (MCC)
  • Automation Panels
• By Form
  • Open
  • Enclosed
• By Voltage
  • Low
  • Medium
  • High
• By Application
  • Manufacturing and Industrial Automation
  • Power Generation
  • Residential and Commercial
  • Transportation
  • Others
• By Region
  • Riyadh
  • Makkah
  • Eastern Region
  • Madinah
  • Rest of Saudi Arabia

Key Players Landscape and Outlook

Continuous innovation characterizes the landscape of electric control panel, 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 March 2024, Siemens Saudi Arabia decided to open a new electrical equipment factory in Jeddah in partnership with Arabia Electric Equipment. The plant produces substation automation systems, communication, and protection panels, as well as other products for the utility, oil and gas, infrastructure, and petrochemical industries. This development will help the company to increase revenue in the coming years.

Key Players Operating in Saudi Arabia Electric Control Panel Market are:

• Schneider Electric Saudi Arabia
• Electrical A. Modern Factory Co. (EAMFCO)
• Riyadh Factory For Panel Boards Co.
• Modern Circuit Co.
• Power Center Factory
• Advanced Electric Control Systems Est.
• System House Factory (SEP)
• Saudi Powertec Co. Ltd.
• ECPF
• Electrical Care Services Factory Co. (ECS)

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