일본의 전기 제어반 시장 : 유형별, 형태별, 전압별, 용도별, 지역별, 기회, 예측(2018-2032년)

Japan electric control panel market is projected to witness a CAGR of 4.20% during the forecast period FY2025- FY2032F, growing from USD 710.64 million in FY2024 to USD 987.62 million in FY2032. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.

The electric control panel market in Japan depends on multiple factors that collectively create a robust environment for its continued expansion. Evolving centralized energy system needs of industries and advancements in technology are the major factors for the growth of the electric control panel market. Electric control panels could be used for different applications in a wide range of sectors, including manufacturing, automotive, pharmaceuticals, food processing, oil and gas, and power generation. Electric control panels are a kind of tailored solution that creates the opportunity for the market. The versatile nature of electric control panels makes the product cable cater to different industry requirements.

The electric control panels are able to control and monitor the automated processes, enabling the manufacturing sector to enhance productivity and optimize industrial operations. The manufacturing sector is looking to adapt to the evolving technological landscapes that drive the demand for efficient electric control panels in the market. Furthermore, commercial and residential sectors are looking for the integration of renewable energy sources such as solar and wind into existing power grids due to the push towards sustainability, which will foster the electric control panel market size in the coming years. In addition, companies are looking to increase production capacity to fulfill the increasing demand for customized electric control panels for different applications.

For instance, in October 2024, Toyo Electric Control Co., Ltd. is looking to expand the production capacity of the electric control panel for the ASEAN region. The region is facing a rise in urbanization which leads to the high demand for efficient electric control panels. This development showcases the company's strategic decision-making as per the current market situation.

Rise in Adoption of Centralized Control Systems Accelerating the Market Growth

Industrial and manufacturing sectors are looking to adopt centralized control systems to improve the power management between different operations. For proper implementation of the centralized control system in manufacturing facilities, efficient electric control panels are required. The centralized control system comes up with the operational efficiency, safety, and reliability of power supply, which drives the demand for electric control panels.

Centralized control systems lead to significant cost savings by optimizing energy usage and reducing the need for manual interventions. Systems enable operators to monitor and manage multiple processes from a single location, which improves manufacturing operations. The centralized electric control panel systems consolidation reduces the complexity of operations, which allows for quicker decision-making and streamlined processes, which allow businesses to expand their operations without overhauling the entire electrical infrastructure. The systems facilitate seamless communication of power supply between various components, which drives the demand for electric control panels in the market.

Centralized electric control panels are deployed with the standard electric components, which help to maintain the safety protocols with standardization across various operations and makes it easier to implement and maintain compliance with industry regulations related to electrical safety. Centralized electric control panels include advanced safety mechanisms that monitor electrical loads and distribute power effectively, hence, lowering the chance of accident.

For instance, in July 2023, Fuji Electric Co., Ltd. decided to expand the 7500WX Series high-capacity uninterruptible power supply systems. The system includes AI technology and more data centers, which are required for combining equipment operations. This development showcases that companies are launching efficient products for industrial applications, which increases the demand for electric control panels in the market.

Upcoming Technological Advancement Fuelling the Market Expedition

The upcoming innovations in electric control panel products will enhance the functionality of the system in various industrial applications. The integration of technologies into electric control panels allows for control over electrical systems, which helps complete the manufacturing process effectively. Smart electric control panels assist in communicating with other devices, effectively enabling operators to access performance data remotely, which boosts its demand in the market.

The power management systems with advanced electric control panels optimize energy usage by adjusting loads based on real-time demand, further contributing to energy efficiency. The electric control panels adopted the new protection mechanisms, which allow the detection of electrical anomalies such as shorts and overloads more effectively, which mitigates the chance of an accident. In addition, enhanced safety features help prevent accidents and protect both personnel and equipment, which fosters the demand for electric control panels in the market.

Furthermore, the modular designs of electric control panels allow for easy customization and expansion. The flexibility feature enables businesses to scale their business operations with existing systems, which boosts the demand for advanced electric control panels in the market. The advancement in electric control panels makes the system more compact while maintaining high functionality, which augments the demand for electric control panels in the market.

For instance, in January 2023, ABB Ltd. decided to launch a virtualized protection and control solution for different end users. The solution includes smart substation control and protection SSC600 SW. The development of new power management technologies will increase the demand for electric control panels.

Government Initiatives and Support Act as a Market Opportunity

The government and higher authorities are coming up with initiatives and plans that aim to increase the power supply in the country. The Japanese government has set ambitious targets for increasing the share of renewable energy in the energy mix. Enhanced transmission systems are required for connecting renewable energy sources in the same electric grid. Electric control panels play a vital role in renewable infrastructure power projects by facilitating efficient power distribution and management. The transition to renewable energy sources will drive the demand for electric control panels in the market. The government is focusing on modernizing the electrical infrastructure, which will propel the electric control panels market growth in the coming years.

Furthermore, the Japanese government is promoting the adoption of smart grid technologies in industrial sectors to enhance operations. The electric control panels are integral to smart grids which provide real-time data for the power requirement in different operations. The monitoring and control capabilities of the enhanced grid prove the reliability and performance of the operations.

For instance, the government introduced the Green Transformation (GX) initiative, which aims to decarbonize Japan's energy sector while ensuring a stable supply of energy. This initiative includes substantial investments in innovative technologies and infrastructure development, with plans to issue GX Economy Transition Bonds worth USD 133.36 billion over ten years. These investments will likely enhance the demand for electric control panels as they are essential for managing new energy systems and improving energy efficiency.

Power Control Centers (PCC) to Dominate the Japan Market

Power control centers (PCC) experienced a high adoption rate in the forecast period which made the segment dominate the Japanese market. The power control centers (PCC) products are able to manage electrical power flow in industrial applications. PCCs are central hubs for controlling and distributing electrical power within industrial facilities. This reduces the risk of overloads and ensures the safe of equipment which drives its demand in the commercial and industrial sectors. Currently, the PCCs are coming up with advanced monitoring systems that provide data on power usage in the different processes which help in the distribution of energy flow.

Moreover, PCCs facilitate the industries to adopt and integrate renewable energy sources into existing power systems which creates the opportunity for the product in the market. Significant investments in infrastructure projects, including upgrades to electrical grids and power generation facilities, are driving the demand for PCCs.

South Region Dominate the Japanese Market

The south region has dominated the electric control panel market and is expected to continue during the forecast period. The region aims to diversify the energy mix with a high emphasis on renewable power as a sustainable solution. The higher authority's emphasis on the integration of renewable energy sources in the electric grid creates opportunities for electric control panels. Moreover, the region has a high inclination towards new technologies that could automate the production process effectively and in a cost-effective manner. Moreover, the Japanese government supports the adoption of highly efficient centralized electric control panels in the commercial sector, fostering the demand for electric control panel growth in coming years.

Furthermore, the expansion of large-scale utility projects will create a strong demand for power management technologies that optimize energy output. Electric control panels are becoming well-suited technology for several projects, helping utility companies manage the power flow that drives their demand in the region.

Future Market Scenario (FY2025 - FY2032F)

Japan aims to increase the share of renewable energy to 36-38% of its energy mix by 2030. With the increase in the share of renewable energy sources in the energy mix is driving demand for electric control panels in coming years.

The development of smart grid technologies is a crucial aspect of Japan's energy strategy. This shift towards smart grids will necessitate greater investment in sophisticated electric control systems.

Continuous research and development (R&D) in electric control panel technology will bring improvements in panel efficiency and durability which will drive the demand for electric control panel technology in the forecasted period.

The rise in industrial automation across various sectors, including manufacturing and automotive, is driving demand for electric control panels.

Key Players Landscape and Outlook

Continuous innovation characterizes the landscape of electric control panels, 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 October 2023, Tokyo Densei Industrial Co., Ltd. decided to open its engineering headquarters in Toyama City. This development will help the company increase its customer base and regional presence in the market.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Respondent Demographics
• 4.2. Factors Considered in Purchase Decisions
  • 4.2.1. Features and Other Value-Added Service
  • 4.2.2. Efficiency of Solutions
  • 4.2.3. After-Sales Support

5. Japan Electric Control Panel Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Type
    • 5.2.1.1. Power Control Centers (PCC)
    • 5.2.1.2. Motor Control Centers (MCC)
    • 5.2.1.3. Automation Panels
  • 5.2.2. By Form
    • 5.2.2.1. Open
    • 5.2.2.2. Enclosed
  • 5.2.3. By Voltage
    • 5.2.3.1. Low
    • 5.2.3.2. Medium
    • 5.2.3.3. High
  • 5.2.4. By Application
    • 5.2.4.1. Manufacturing and Industrial Automation
    • 5.2.4.2. Power Generation
    • 5.2.4.3. Residential and Commercial
    • 5.2.4.4. Transportation
    • 5.2.4.5. Others
  • 5.2.5. By Region
    • 5.2.5.1. North [Hokkaido and Tohoku]
    • 5.2.5.2. Central [Kanto and Chubu]
    • 5.2.5.3. South [Kansai, Chugoku, Shikoku, and Kyushu & Okinawa]
  • 5.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Type
  • 5.3.2. By Form
  • 5.3.3. By Voltage
  • 5.3.4. By Application
  • 5.3.5. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

• 8.1. Market Drivers
• 8.2. Market Challenges

9. Market Trends and Developments

10. Competitive Landscape

• 10.1. Competition Matrix of Top 5 Market Leaders
• 10.2. SWOT Analysis for Top 5 Players
• 10.3. Key Players Landscape for Top 10 Market Players
  • 10.3.1. Nitto Kogyo Corporation
    • 10.3.1.1. Company Details
    • 10.3.1.2. Key Management Personnel
    • 10.3.1.3. Products and Services
    • 10.3.1.4. Financials (As Reported)
    • 10.3.1.5. Key Market Focus and Geographical Presence
    • 10.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 10.3.2. Siemens K.K.
  • 10.3.3. TSE Corporation
  • 10.3.4. Tokyo Densei Industrial Co., Ltd.
  • 10.3.5. Taiyo Electric Co., Ltd.
  • 10.3.6. KOKUBU ELECTRIC CORP.
  • 10.3.7. Tatumi Electric Co., Ltd.
  • 10.3.8. Kazunori Electric Co., Ltd.
  • 10.3.9. Toyo Electric Corporation
  • 10.3.10. ABB Japan Group

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

11. Strategic Recommendations

12. About Us and Disclaimer