Press release
Electric Enclosure Market to Reach USD 115.16 Billion by 2032, Growing at 8.57% CAGR: Market Forecast and Industry Insights
Electric Enclosure Market
These enclosures find widespread applications across multiple sectors including power transmission and distribution, energy and utilities, transportation networks, industrial facilities, commercial establishments, and residential construction. With the growing demand for reliable power systems and industrial automation, the electric enclosure market is expected to expand substantially over the coming years. The market size was valued at USD 59.65 billion in 2024 and is projected to grow at a CAGR of 8.57% from 2025 to 2032, reaching nearly USD 115.16 billion.
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Key Highlights:
Market Size & CAGR: USD 59.65 Billion in 2024; expected CAGR of 8.57% (2025-2032).
Leading Application/Segment: Non-metallic enclosures dominate, holding over 50% market share.
Largest Regional Market: Asia Pacific with 36.2% share in 2024, driven by investments in power generation and distribution.
Key Drivers: Industrial IoT adoption, renewable energy growth, smart connected city initiatives, stringent safety regulations.
Top Companies: Schneider Electric, Adalet (Scott Fetzer Company), TAKACHI.
Electric Enclosure Market Dynamics
The market is driven by increasing adoption of stringent safety standards and the rising need for equipment protection in industrial, commercial, and residential sectors. Rapid urbanization, industrial expansion, and higher electricity demand, particularly in mining and manufacturing industries, have further accelerated market growth.
Industrial automation has also played a pivotal role, as electromechanical components require secure enclosures for safe operation. According to NEMA, enclosures are constructed to provide protection against incidental contact while ensuring environmental compliance. Major players like Schneider Electric and Adalet (Scott Fetzer Company) have contributed to market expansion through innovation and new technology deployment.
Key Growth Drivers:
Rising demand in the renewable energy sector.
Government regulations enforcing electrical safety standards.
Expansion of smart cities in developing regions.
Integration of IoT technology in electric enclosures.
Adoption of industrial IoT and intelligent transport systems.
Challenges & Restraints:
While critical for protecting sensitive components, enclosures face challenges such as:
Vulnerability to overheating and moisture, potentially reducing equipment life.
Heavier weight and higher cost, along with sharp edges requiring additional safety treatments.
Complex underground installations in network and transportation applications.
Market Outlook
Electric enclosures provide protection for electrical components, preventing electric shocks and safeguarding equipment from environmental hazards. Market expansion is primarily driven by increased electricity demand due to industrial production, urbanization, and mining activities. The growth of industrial and factory automation necessitates enclosures for mechanical and electromechanical devices, boosting market adoption. Integration of IoT in enclosures also presents lucrative opportunities for smart industrial applications.
Segment Analysis
By Material Type:
Non-metallic enclosures dominated the market in 2024, accounting for over 50% of the share due to their lightweight, affordable, and versatile properties.
Metallic enclosures are preferred in industrial settings requiring high durability and resistance to external impacts.
By Mounting Type:
Wall-mounted enclosures are expected to grow at a CAGR of 7.92%, ideal for housing smaller electronic components with NEMA type 4 or 12 protection.
Floor-mounted enclosures cater to larger systems in factories and industrial complexes.
Underground-mounted enclosures are used primarily in power networks but are less common due to installation and maintenance complexities.
By Industry Vertical:
Power generation & distribution accounts for the highest usage, with energy and utilities representing 18% of total consumption in 2024.
Other significant sectors include Oil & Gas, Metal & Mining, Medical, Pulp & Paper, Food & Beverages, and Transportation.
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Regional Insights
Asia Pacific held the largest market share at 36.2% in 2024, driven by investments in power infrastructure, rail, and road networks.
North America, particularly the U.S., is expected to witness significant growth due to early adoption of industrial automation and smart home integration.
Europe and Middle East & Africa are also growing steadily, fueled by infrastructure development and industrial modernization initiatives.
Recent Developments
TAKACHI, a leading Japanese manufacturer, expanded its market share by 9.66% with new electronic enclosure product lines.
Companies like Schneider Electric and ABB Ltd. are investing in R&D for IoT-enabled and smart enclosures to enhance operational efficiency.
Increasing adoption of renewable energy projects worldwide is driving demand for specialized, high-durability enclosures.
Key Players
Major players are focusing on product innovation, mergers, and acquisitions to strengthen their market position. Schneider Electric, Adalet (Scott Fetzer Company), and TAKACHI are notable for advancing technology in electric enclosures.
1. Schneider Electric
2. Legrand SA
3. Hubbell Inc.
4. Emerson Electric Co.
5. ABB Ltd.
6. Eaton Corporation
7. Eldon Holding AB
8. AZZ Inc.
9. Austin Electrical enclosure
10.Siemens AG
11.Dentair PLC
12.Rittal GmbH & CO.
13.Adalet Company
14.Hammond Manufacturing
Quote:
"Rising global energy demand and industrial automation are creating significant opportunities in the electric enclosure market. Companies investing in IoT-enabled and safety-compliant enclosures are well-positioned to benefit from this sustained growth," said Anil Kumar, Senior Analyst at Maximize Market Research.
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