The control panels are enclosures fabricated out of sheet metal which can be open, semi enclosed or totally enclosed type. They direct and control electric power to equipment and appliances. A control panel is a flat, often vertical, area where control or monitoring instruments are displayed or it is an enclosed unit that is the part of a system that users can access, as the control panel of a security system (also called control unit). The electrical control panel has always been a major component in civil and industrial electrical systems.
Global switchgear and control gear (panel), and capacitor markets are expected to grow at CAGRs of 6.1% (2014-19). In value terms from ~$42 billion in 2015 to ~$54 billion in 2019. Indian switchgear and control panel market size is approx $4.4 Billion (2017) and projected to reach $8.2 Billion by 2022. The global distribution boards market is estimated to record a market size of USD 4.33 Billion in 2016, and is projected to grow at a CAGR of 6.4% from 2016 to 2021, to reach USD 5.91 Billion by 2021. Entrepreneurs who invest in this project will be successful.
Few Indian major players are as under
· Aartech Solonics Ltd.
· Annanya Interface & Controls Pvt. Ltd.
· Bonfiglioli Renewable Power Conversion India Pvt. Ltd.
· C G-Ziv Power Automation Solutions Ltd.
· Eimco Elecon Electricals Ltd.
· H B Electro Control Pvt. Ltd.
· Impression Automation & Robotics Pvt. Ltd.