Electrical Enclosure Market
Electrical Enclosure Market Forecasts to 2028 – Global Analysis By Design (Standard Type, Custom Type), Product Type (Drip-Tight, Hazardous Environment), End User (Food & Beverages, Energy) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $6.26 BN |
|
Projected Year Value (2028) |
US $10.87 BN |
|
CAGR (2021 - 2028) |
8.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Electrical Enclosure Market is accounted for $6.26 billion in 2021 and is expected to reach $10.87 billion by 2028 growing at a CAGR of 8.2% during the forecast period. An electrical enclosure is a device that contains various electronic components. It serves mainly two functions, first, protecting the user from electrical shock and second, safeguarding the parts it covers from external damage. Electrical enclosures are designed to be functional as well as provide visual value. An electrical enclosure is typically fitted within the layers of a wall so that all wires are hidden and the overall form looks clear.
Market Dynamics:
Driver:
The growing trend of automation in industries
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.
Restraint:
High cost and seal leakage problems in electric enclosures
The high cost and seal leakage problems in electric enclosures restrain the market growth. 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.
Opportunity:
The growing need for protection of the workplace & workforce
The growing need for protection of the workplace & workforce due to increasing power and industrial infrastructure is expected to drive the market over the predicted years. Also, the necessity to upgrade the power infrastructure in emerging countries and stringent safety & process regulations expects a boost to the market in the coming years. Additionally, the increasing focus on connected cities in developing regions, upsurging importance of customer services, and need for IIoT-enabled enclosures are anticipated to fuel the market during the forecasted period.
Threat:
Price competitiveness
There are a slew of restraining factors impeding market expansion. Some concerns, such as electrical leakage difficulties in electric enclosures and price competition, are key roadblocks. The global electrical enclosures market is highly competitive and fragmented with the presence of a few prominent companies and a high number of smaller players in the unorganized sector.
The oil and gas segment is expected to have the highest CAGR during the forecast period
The oil and gas segment is growing at the highest CAGR in the market. Growing demand in oil & gas industry for the nonmetallic enclosure is expected to increase the overall share of nonmetallic electric enclosure segment in the electric enclosure market.
The energy segment is expected to be the largest during the forecast period
The energy segment is expected to be the largest share in the market. Environmental issues related to fossil fuels and nuclear energy is prompting a rise in alternative energy sources, such as solar and wind energy. Solar and wind energy are considered as safe, pollution-free renewable energy. Countries around the world are embracing this technology.
Region with highest share:
North America is projected to hold the largest share in the market. The growing industrial automation and smart home integration are expected to drive the electrical enclosures market significantly in this region, particularly due to the United States being an early adopter of industrial automation.
Region with highest CAGR:
The Asia Pacific is projected to have the highest CAGR in the market. Major factors driving the market in APAC are the increased investment in the power generation & distribution sector in China and India. An addition of vast rail and road network will also be a major boost for the market in the region.
Key players in the market:
Some of the key players profiled in the Electrical Enclosure Market include ABB Ltd., Adalet Ltd, AZZ Incorporated, Eaton Corporation, Emerson Electric Co., Fibox, Hammond Manufacturing, Hubbell Incorporated, Legrand SA, Leviton Manufacturing Ltd, Pentair PLC., Rittal GmbH & Co. Kg., Saginaw Control and Engineering, Schneider Electric, and Socomec Group SA.
Key developments:
In May 2018: JSC Rusatom Automated Control Systems and Schneider Electric signed a Memorandum of Understanding and Cooperation aimed at further cooperation for high safety and reliability, cost-efficiency, as well as better competitiveness of electrical equipment for NPP power units and electric power grid.
In February 2018: Rittal North America LLC introduces the SE 8 line of stand-alone enclosures which provides strength and durability and 30% more useable internal space than comparable unibody designs. SE 8 features multiple interchangeable accessories, including all TS 8 interior system accessories, plus cable entry options, swing frames, chassis, rails and partial panels, lighting and grounding systems, plinth, cable base and flex block.
Mounting Types Covered:
• Floor-Mounted/Free-Standing Enclosure
• Underground Electric Enclosure
• Wall-Mounted Enclosure
Form Factors Covered:
• Compact Electric Enclosures
• Full-Size/Free-Size Electric Enclosures
• Small Enclosures
Material Types Covered:
• Nonmetallic Enclosures
• Metallic Enclosures
Types Covered:
• Disconnect Enclosures
• Environment and Climate Control Enclosures
• Operator Interface Enclosures
• Push Button Enclosures
• Junction Enclosures
Designs Covered:
• Standard Type
• Custom Type
Product Types Covered:
• Drip-Tight
• Hazardous Environment
• Flame/Explosion Proof
• Dust-Tight
End Users Covered:
• Medical
• Metals & Mining
• Oil & Gas
• Power Generation and Distribution
• Transmission
• Pulp & Paper
• Transportation
• Food & Beverages
• Energy
• Industrial
• Process Industries
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Electrical Enclosure Market, By Mounting Type
5.1 Introduction
5.2 Floor-Mounted/Free-Standing Enclosure
5.3 Underground Electric Enclosure
5.4 Wall-Mounted Enclosure
6 Global Electrical Enclosure Market, By Form Factor
6.1 Introduction
6.2 Compact Electric Enclosures
6.2.1 Hygienic Design Enclosures
6.2.2 Mining Enclosures
6.2.3 Single-Standing Enclosures
6.2.4 Sloped Roof Enclosures
6.3 Full-Size/Free-Size Electric Enclosures
6.3.1 Baying Systems
6.3.2 Operator Consoles
6.3.3 System Enclosures
6.4 Small Enclosures
6.4.1 Terminal/Junction Boxes
6.4.2 Electrical Box Enclosures
6.4.3 Bus Enclosures
7 Global Electrical Enclosure Market, By Material Type
7.1 Introduction
7.2 Nonmetallic Enclosures
7.2.1 Fiberglass Enclosures
7.2.2 Polycarbonate Enclosures
7.2.3 Polyester Enclosures
7.2.4 Poly Vinyl Chloride (PVC) Enclosures
7.3 Metallic Enclosures
7.3.1 Aluminum Enclosures
7.3.2 Mild Steel Enclosures
7.3.3 Stainless Steel Enclosures
8 Global Electrical Enclosure Market, By Type
8.1 Introduction
8.2 Disconnect Enclosures
8.3 Environment and Climate Control Enclosures
8.4 Operator Interface Enclosures
8.5 Push Button Enclosures
8.6 Junction Enclosures
9 Global Electrical Enclosure Market, By Design
9.1 Introduction
9.2 Standard Type
9.3 Custom Type
10 Global Electrical Enclosure Market, By Product Type
10.1 Introduction
10.2 Drip-Tight
10.3 Hazardous Environment
10.4 Flame/Explosion Proof
10.5 Dust-Tight
11 Global Electrical Enclosure Market, By End User
11.1 Introduction
11.2 Medical
11.3 Metals & Mining
11.4 Oil & Gas
11.5 Power Generation and Distribution
11.6 Transmission
11.7 Pulp & Paper
11.8 Transportation
11.8.1 Airways
11.8.2 Railways
11.8.3 Roadways
11.9 Food & Beverages
11.10 Energy
11.11 Industrial
11.11.1 Manufacturing
11.11.2 Automotive
11.12 Process Industries
11.13 Other End Users
11.13.1 Telecommunication
11.13.2 Infrastructure
12 Global Electrical Enclosure Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 ABB Ltd.
14.2 Adalet Ltd
14.3 AZZ Incorporated
14.4 Eaton Corporation
14.5 Emerson Electric Co.
14.6 Fibox
14.7 Hammond Manufacturing
14.8 Hubbell Incorporated
14.9 Legrand SA
14.10 Leviton Manufacturing Ltd
14.11 Pentair PLC.
14.12 Rittal GmbH & Co. Kg.
14.13 Saginaw Control and Engineering
14.14 Schneider Electric
14.15 Socomec Group SA
List of Tables
1 Global Electrical Enclosure Market Outlook, By Region (2020-2028) ($MN)
2 Global Electrical Enclosure Market Outlook, By Mounting Type (2020-2028) ($MN)
3 Global Electrical Enclosure Market Outlook, By Floor-Mounted/Free-Standing Enclosure (2020-2028) ($MN)
4 Global Electrical Enclosure Market Outlook, By Underground Electric Enclosure (2020-2028) ($MN)
5 Global Electrical Enclosure Market Outlook, By Wall-Mounted Enclosure (2020-2028) ($MN)
6 Global Electrical Enclosure Market Outlook, By Form Factor (2020-2028) ($MN)
7 Global Electrical Enclosure Market Outlook, By Compact Electric Enclosures (2020-2028) ($MN)
8 Global Electrical Enclosure Market Outlook, By Hygienic Design Enclosures (2020-2028) ($MN)
9 Global Electrical Enclosure Market Outlook, By Mining Enclosures (2020-2028) ($MN)
10 Global Electrical Enclosure Market Outlook, By Single-Standing Enclosures (2020-2028) ($MN)
11 Global Electrical Enclosure Market Outlook, By Sloped Roof Enclosures (2020-2028) ($MN)
12 Global Electrical Enclosure Market Outlook, By Full-Size/Free-Size Electric Enclosures (2020-2028) ($MN)
13 Global Electrical Enclosure Market Outlook, By Baying Systems (2020-2028) ($MN)
14 Global Electrical Enclosure Market Outlook, By Operator Consoles (2020-2028) ($MN)
15 Global Electrical Enclosure Market Outlook, By System Enclosures (2020-2028) ($MN)
16 Global Electrical Enclosure Market Outlook, By Small Enclosures (2020-2028) ($MN)
17 Global Electrical Enclosure Market Outlook, By Terminal/Junction Boxes (2020-2028) ($MN)
18 Global Electrical Enclosure Market Outlook, By Electrical Box Enclosures (2020-2028) ($MN)
19 Global Electrical Enclosure Market Outlook, By Bus Enclosures (2020-2028) ($MN)
20 Global Electrical Enclosure Market Outlook, By Material Type (2020-2028) ($MN)
21 Global Electrical Enclosure Market Outlook, By Nonmetallic Enclosures (2020-2028) ($MN)
22 Global Electrical Enclosure Market Outlook, By Fiberglass Enclosures (2020-2028) ($MN)
23 Global Electrical Enclosure Market Outlook, By Polycarbonate Enclosures (2020-2028) ($MN)
24 Global Electrical Enclosure Market Outlook, By Polyester Enclosures (2020-2028) ($MN)
25 Global Electrical Enclosure Market Outlook, By Poly Vinyl Chloride (PVC) Enclosures (2020-2028) ($MN)
26 Global Electrical Enclosure Market Outlook, By Metallic Enclosures (2020-2028) ($MN)
27 Global Electrical Enclosure Market Outlook, By Aluminum Enclosures (2020-2028) ($MN)
28 Global Electrical Enclosure Market Outlook, By Mild Steel Enclosures (2020-2028) ($MN)
29 Global Electrical Enclosure Market Outlook, By Stainless Steel Enclosures (2020-2028) ($MN)
30 Global Electrical Enclosure Market Outlook, By Type (2020-2028) ($MN)
31 Global Electrical Enclosure Market Outlook, By Disconnect Enclosures (2020-2028) ($MN)
32 Global Electrical Enclosure Market Outlook, By Environment and Climate Control Enclosures (2020-2028) ($MN)
33 Global Electrical Enclosure Market Outlook, By Operator Interface Enclosures (2020-2028) ($MN)
34 Global Electrical Enclosure Market Outlook, By Push Button Enclosures (2020-2028) ($MN)
35 Global Electrical Enclosure Market Outlook, By Junction Enclosures (2020-2028) ($MN)
36 Global Electrical Enclosure Market Outlook, By Design (2020-2028) ($MN)
37 Global Electrical Enclosure Market Outlook, By Standard Type (2020-2028) ($MN)
38 Global Electrical Enclosure Market Outlook, By Custom Type (2020-2028) ($MN)
39 Global Electrical Enclosure Market Outlook, By Product Type (2020-2028) ($MN)
40 Global Electrical Enclosure Market Outlook, By Drip-Tight (2020-2028) ($MN)
41 Global Electrical Enclosure Market Outlook, By Hazardous Environment (2020-2028) ($MN)
42 Global Electrical Enclosure Market Outlook, By Flame/Explosion Proof (2020-2028) ($MN)
43 Global Electrical Enclosure Market Outlook, By Dust-Tight (2020-2028) ($MN)
44 Global Electrical Enclosure Market Outlook, By End User (2020-2028) ($MN)
45 Global Electrical Enclosure Market Outlook, By Medical (2020-2028) ($MN)
46 Global Electrical Enclosure Market Outlook, By Metals & Mining (2020-2028) ($MN)
47 Global Electrical Enclosure Market Outlook, By Oil & Gas (2020-2028) ($MN)
48 Global Electrical Enclosure Market Outlook, By Power Generation and Distribution (2020-2028) ($MN)
49 Global Electrical Enclosure Market Outlook, By Transmission (2020-2028) ($MN)
50 Global Electrical Enclosure Market Outlook, By Pulp & Paper (2020-2028) ($MN)
51 Global Electrical Enclosure Market Outlook, By Transportation (2020-2028) ($MN)
52 Global Electrical Enclosure Market Outlook, By Airways (2020-2028) ($MN)
53 Global Electrical Enclosure Market Outlook, By Railways (2020-2028) ($MN)
54 Global Electrical Enclosure Market Outlook, By Roadways (2020-2028) ($MN)
55 Global Electrical Enclosure Market Outlook, By Food & Beverages (2020-2028) ($MN)
56 Global Electrical Enclosure Market Outlook, By Energy (2020-2028) ($MN)
57 Global Electrical Enclosure Market Outlook, By Industrial (2020-2028) ($MN)
58 Global Electrical Enclosure Market Outlook, By Manufacturing (2020-2028) ($MN)
59 Global Electrical Enclosure Market Outlook, By Automotive (2020-2028) ($MN)
60 Global Electrical Enclosure Market Outlook, By Process Industries (2020-2028) ($MN)
61 Global Electrical Enclosure Market Outlook, By Other End Users (2020-2028) ($MN)
62 Global Electrical Enclosure Market Outlook, By Telecommunication (2020-2028) ($MN)
63 Global Electrical Enclosure Market Outlook, By Infrastructure (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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