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Electrical Enclosures Market Research Report 2023 - valuates Reports

06-25-2023 04:17 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

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 global Electrical Enclosures market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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United States core electrical enclosures manufacturers include nVent HOFFMAN, Rittal and Schneider etc. The top 3 companies hold a share about 50% in United States. In terms of product, metallic electrical enclosures is the largest segment with a share about 77%. And in terms of application, the largest application is commercial and industrial with a share about 89%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Electrical Enclosures, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrical Enclosures.
The Electrical Enclosures market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Electrical Enclosures market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electrical Enclosures manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Key Segmentations
By Company
-nVent HOFFMAN
-Rittal
-Schneider Electric
-ABB
-Eaton
-GE
-Adalet
-Legrand
-Siemens
-Hubbel
-Bison ProFab
-ITS Enclosures

Segment by Type
-Metallic
-Non-Metallic

Segment by Application
-Commercial and Industrial
-Residential

Get detailed report - https://reports.valuates.com/market-reports/QYRE-Auto-31B8565/global-electrical-enclosures

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

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