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 global electrical enclosure market share. 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.
An electrical enclosure represents a closed cabinet that houses equipment, including transformers, power generators, telecommunication devices, etc., along with several other components, such as knobs, mount switches, display monitors, etc. They are extensively utilized to prevent damage resulting from accidental contact by users and add to the aesthetic value of the space. These enclosures can be both non-metallic and metallic, depending upon their applications and the requirement of the end user. In line with this, they seal tightly and prevent the penetration of water or moisture. Electrical enclosures also protect against electrical breakdown, electromagnetic interference, power dissipation, etc. As such, they are extensively used in locations with potential risks of combustible dust, volatile vapors or particles, flammable gasses, etc.
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Market Trends:
The emerging trend of automation in several industries and the inflating need for upgrading the existing power infrastructures to meet the energy demand are primarily driving the electrical enclosure market. Additionally, the increasing number of power stations running on renewable energy sources, such as solar and wind, is further catalyzing the market growth. Besides this, the widespread adoption of electrical enclosures in smart homes is acting as another significant growth-inducing factor. Moreover, the launch of numerous stringent regulations by government bodies that mandate the installation of electrical enclosures in commercial, residential, and industrial complexes to prevent accidents and casualties and the rising utilization of smart grids are also positively influencing the global market. Apart from this, the introduction of internet of things (IoT)-enabled devices is anticipated to fuel the electrical enclosure market over the forecasted period.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Schneider Electric
- ABB Group
- Eaton Corporation
- Adalet
- Emerson Electric Company
- Pentair
- Siemens Aktiengesellschaft
- Allied Moulded Products
- AZZ Incorporated
- Fibox Oy Ab
- General Electric Company
- 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.
Breakup by Type:
- Junction Enclosures
- Disconnect Enclosures
- Operator Interface Enclosures
- Environment and Climate Control Enclosures
- Push Button Enclosures
Breakup by Material Type:
- Metallic
- Nonmetallic
Breakup by Mounting Type:
- Wall-Mounted Enclosure
- Floor-Mounted/Free-Standing Enclosure
- Underground
Breakup by Form Factor:
- Small
- Compact
- Full-size
Breakup by Product Type:
- Drip-Tight
- Hazardous Environment
- Flame/Explosion Proof
- Dust-Tight
- Others
Breakup by Design:
- Standard Type
- Custom Type
Breakup by End-User:
- Power Generation
- Transmission and Distribution
- Other Electrical Equipment
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
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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