Electrical Enclosure Market Estimated to Exceed US$ 9.5 Billion Globally By 2027

The latest report by IMARC Group, titled "Electrical Enclosure Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on electrical enclosure market overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global electrical enclosure market reached a value of US$ 6.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.5 Billion by 2027, exhibiting a CAGR of 7% during 2022-2027.

Electrical enclosure refers to a casing for electrical and electronic equipment. It is made up of metallic and non-metallic materials that consist of switches, knobs, and displays. Electrical enclosure protects transformers, power generations, and telecommunication devices from the environment and the damage resulting from accidental contact by users. It also offers properties of electromagnetic interference, power dissipation, and electrical breakdown. As a result, it finds application across energy and power, industrial, transportation, infrastructure, and telecommunication industries.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Electrical Enclosure Market Trends:

The global electrical enclosure market is primarily driven by the rising adoption of smart grids. The increasing cost of industrial maintenance operations coupled with the focus on stringent safety and process regulations is also propelling the market growth. Besides this, the power generation from solar and wind sources necessitates sensitive electrical components and batteries, which escalates the demand for electrical enclosures. They are used for safety purposes to prevent system failure due to element exposure. Furthermore, various government regulations that support the adoption of renewable energy sources and the introduction of IIoT-enabled enclosures are expected to significantly impact on the market growth in the upcoming years.

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Competitive Landscape with Key players:

The report has also analysed 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

Electrical Enclosure Market Segmentation:

Our report has categorized the market based on region, type, material type, mounting type, form factor, product type, design and end-user.

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 Product Type:

Drip-Tight
Hazardous Environment
Flame/Explosion Proof
Dust-Tight
Others

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:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

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