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Electrical Enclosures Market worth $13.41 billion by 2030, growing at a CAGR of 6.68% - Exclusive Report by 360iResearch
Electrical Enclosures Market | 360iResearch
The Global Electrical Enclosures Market to grow from USD 8.52 billion in 2023 to USD 13.41 billion by 2030, at a CAGR of 6.68%.
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The electrical enclosures are utilized to prevent electrical shock to equipment users and to protect the contents from environmental factors like corrosion, dust, and water. The market comprises a variety of enclosure types made from materials such as metal, plastic, or composite and is segmented based on dimensions, installation site, application, and industry end-use. The electrical enclosures market comprises companies that manufacture and distribute various enclosures designed to protect electrical or electronic equipment from external influences, such as environmental hazards and human interference. The maturing IoT and increasing automation provide significant opportunities for the electrical enclosure market. Incorporating advanced materials for lighter, more durable, and smarter enclosures that can offer enhanced connectivity and monitoring capabilities is also a potent growth area. Expansion into emerging markets, where industrial and infrastructure development is ongoing, represents another sizable opportunity. These enclosures find applications across a wide range of industries, including power generation and distribution, oil & gas, metals & mining, medical, transportation, and industrial manufacturing. These are used in a variety of settings, from residential to commercial and industrial environments, and are tailored to meet the regulations and safety standards pertinent to each domain. The end-use of these enclosures can range from housing simple light switches to protecting complex industrial control systems. The constantly evolving standards and regulations lead to increased manufacturing complexity and costs of such enclosures. Developing modular enclosure systems that can easily be customized and reconfigured for various applications and innovative solutions to manage heat generated within enclosures, especially with the miniaturization of components, are lucrative opportunities in the market.
In the Americas, with the U.S. at the forefront, there's a marked preference for enclosures that integrate technology and meet strict safety regulations. This regional market is advancing through heightened demand for durable, efficient, and technologically advanced enclosures across various regions. The European Union emphasizes compliance with environmental directives and IP ratings, reflecting a commitment to carbon neutrality. The Middle East and Africa (MEA) present a dynamic regional market characterized by extreme environmental conditions which dictate consumer preferences towards high-durability enclosures. The focus is also on explosion-proof enclosures due to a significant presence of the oil and gas industry. There's a rise in infrastructure development initiatives, particularly in the Gulf Cooperation Council (GCC) countries, which is propelling demand for sophisticated enclosure solutions. Meanwhile, Africa's market is gradually advancing, with investments flowing into improving the continent's energy and telecommunications infrastructure. In the Asia-Pacific, China leads with a push for innovation to support massive industrialization, while Japan focuses on disaster-resilient designs, and India's growth is tied to renewable energy and smart cities. Globally, trends towards material innovation, IoT connectivity, and government incentives for energy efficiency are shaping the electrical enclosure market.
Market Segmentation & Coverage:
This research report categorizes the Electrical Enclosures Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Desktop Cases, Electrical Contracting Services, Front Panels, Handles, Sub Racks, Sure Locks, and Tower Cases. The Front Panels is further studied across Flat Front Panels, Flush-Mount Front Panels, Lockable Front Panels, and Modular Front Panels. The Handles is further studied across Knob Handles, Lockable Handles, Padlockable Handles, and Recessed Handles. The Handles is projected to witness significant market share during forecast period.
Based on Product Type, market is studied across Control Enclosures, Disconnect Enclosures, Junction Enclosures, Operator Interface, and Push Button Enclosures. The Control Enclosures commanded largest market share of 25.34% in 2023, followed by Operator Interface.
Based on Mounting Type, market is studied across Free-Standing Enclosure, Underground Electric Enclosure, and Wall-Mounted Enclosure. The Free-Standing Enclosure commanded largest market share of 42.83% in 2023, followed by Wall-Mounted Enclosure.
Based on Material Type, market is studied across Metallic and Non-Metallic. The Metallic is further studied across Aluminum, Mild Steel, and Stainless Steel. The Non-Metallic is further studied across ABS (Acrylonitrile Butadiene Styrene), Fiberglass, Polycarbonate, and Polyester. The Metallic commanded largest market share of 66.31% in 2023, followed by Non-Metallic.
Based on Design, market is studied across Custom Type and Standard Type. The Standard Type commanded largest market share of 70.25% in 2023, followed by Custom Type.
Based on Form Factor, market is studied across Compact Electric Enclosures, Free-Size Electric Enclosures, and Small Enclosures. The Small Enclosures commanded largest market share of 42.15% in 2023, followed by Compact Electric Enclosures.
Based on End-Use Sector, market is studied across Industrial and Residential & Commercial. The Industrial is further studied across Food & Beverage, Medical, Metals & Mining, Oil & Gas, Power Generation & Distribution, Pulp & Paper, and Transportation. The Industrial commanded largest market share of 56.31% in 2023, followed by Residential & Commercial.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 42.01% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Electrical Enclosures Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Electrical Enclosures Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Electrical Enclosures Market, highlighting leading vendors and their innovative profiles. These include A&T Enclosures, A.B. Controls and Technology, Inc., ABB Ltd., APX Incorporated, Atrenne Computing Solutions, LLC, B&R Enclosures Pty Ltd., Bison Profab Inc., Bull Metal Products, Inc., Coxline, Inc., EIC Solutions, Inc., Elma Electronic AG, Fibox Oy AB, Günther Spelsberg GmbH + Co. KG, Hammond Manufacturing Company Limited, Hubbell Incorporated, häwa GmbH, Legrand SA, Maysteel Market Research Inc., NITTO KOGYO CORPORATION, nVent Electric PLC, Phoenix Mecano Management AG, Rittal GmbH & Co. KG, Schneider Electric SE, Siemens AG, Socomec, SAS, and XACT Engineered Manufacturing Solutions.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Electrical Enclosures Market, by Component
7. Electrical Enclosures Market, by Product Type
8. Electrical Enclosures Market, by Mounting Type
9. Electrical Enclosures Market, by Material Type
10. Electrical Enclosures Market, by Design
11. Electrical Enclosures Market, by Form Factor
12. Electrical Enclosures Market, by End-Use Sector
13. Americas Electrical Enclosures Market
14. Asia-Pacific Electrical Enclosures Market
15. Europe, Middle East & Africa Electrical Enclosures Market
16. Competitive Landscape
17. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Electrical Enclosures Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Electrical Enclosures Market?
3. What is the competitive strategic window for opportunities in the Electrical Enclosures Market?
4. What are the technology trends and regulatory frameworks in the Electrical Enclosures Market?
5. What is the market share of the leading vendors in the Electrical Enclosures Market?
6. What modes and strategic moves are considered suitable for entering the Electrical Enclosures Market?
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sales@360iresearch.com
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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