The global electrical enclosure market reached a value of around US$ 6 Billion in 2020.
An electrical enclosure refers to a closed cabinet that houses various equipment such as power generators, transformers and telecommunication devices along with various other components such as mount switches, knobs and display monitors. They are used to prevent the damage resulting from accidental contact by users and add to the aesthetic value of the space. The enclosures can be both metallic and non-metallic depending upon their application and the preference of the end user. Electrical enclosures seal tightly and prevent penetration of water or moisture. They also protect against electromagnetic interference, electrical breakdown and power dissipation. They find extensive applications in locations with potential risks of flammable gasses, combustible dust and volatile vapors or particles.
The growing trend of automation in industries, along with the increasing product integration in smart homes is one of the key factors driving the growth of the market. In various developing nations, there is an urgent need to upgrade the existing power infrastructure to meet the energy demand of the rapidly increasing population. This, coupled with the installation of power stations running on renewable energy sources such as solar and wind, is another factor contributing to the market growth. Additionally, governments of both the developed and emerging nations are mandating the installation of electrical enclosures in residential, commercial and industrial complexes in order to prevent accidents and casualties. Other factors such as increasing adoption of smart grids, growing demand for internet of things (IoT)-enabled industrial enclosures, rising awareness regarding the benefits of electrical enclosures, are further driving the market growth. Looking forward, the analyst expects the global electrical enclosure market to grow at a CAGR of around 6% during 2021-2026.
Report Coverage: Historical, Current and Future Market Trends
Market Breakup by Type Junction Enclosures Disconnect Enclosures Operator Interface Enclosures Environment and Climate Control Enclosures Push Button Enclosures
Market Breakup by Material Type: Metallic Nonmetallic
Market Breakup by Mounting Type: Wall-Mounted Enclosure Floor-Mounted/Free-Standing Enclosure Underground
Market Breakup by Form Factor: Small Compact Full-size
Market Breakup by Design: Standard Type Custom Type
Market Breakup by End-User: Power Generation Transmission and Distribution Other Electrical Equipment
Market Breakup by Region: Asia Pacific Europe North America Middle East and Africa Latin America
Competitive Landscape: The report has also analyzed the competitive landscape of the market with some of the key players being Schneider Electric, ABB Ltd., Eaton Corporation, Adalet, Emerson Electric Company, Pentair, Siemens, Allied Moulded Products, AZZ Incorporated, Fibox Enclosures, GE, Legrand SA, Hubbell Incorporated, Socomec Group SA, Rittal GmbH & Co. Kg., etc.
Key Questions Answered in This Report: How has the global electrical enclosure market performed so far and how will it perform in the coming years? What are the key regional markets in the global electrical enclosure industry? What has been the impact of COVID-19 on the global electrical enclosure industry? What is the breakup of the market based on the type? What is the breakup of the market based on the material type? What is the breakup of the market based on the mounting type? What is the breakup of the market based on the form factor? What is the breakup of the market based on the product type? What is the breakup of the market based on the design? What is the breakup of the market based on the end-user? What are the various stages in the value chain of the global electrical enclosure industry? What are the key driving factors and challenges in the global electrical enclosure industry? What is the structure of the global electrical enclosure industry and who are the key players? What is the degree of competition in the global electrical enclosure industry?
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