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Control Panels (cabinet)

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.
Plant capacity: Control Panels (Cabinet): 40MT/DayPlant & machinery: Rs 163 lakhs
Working capital: -T.C.I: Cost of Project: Rs 499 lakhs
Return: 28.00%Break even: 68.00%
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