Global Electric Enclosure Market, By Material Type (Metallic Enclosures, Non-Metallic Enclosures), Mounting Type (Wall-Mounted Enclosure, Free-Standing Enclosure, Underground Electric Enclosure), Form Factor (Small Enclosures, Compact Electric Enclosures, Free-Size Electric Enclosures), Industry Vertical (Power Generation and Distribution, Oil and gas, Metals and Mining, Medical, Pulp and Paper, Food and Beverages, Transportation, Others) - Industry Trends and Forecast to 2030.
Electric Enclosure Market Analysis and Size
The global electric enclosure market is segmented based on material type, mounting type, form factor, and industry vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core influencing areas and the difference in your target markets.
Data Bridge Market Research analyses that the global electric enclosure market, which was USD 12,310.00 million in 2022, would rocket up to USD 20,758.75 million by 2030 and is expected to undergo a CAGR of 6.75% during the forecast period. “Metallic enclosures” lead the material type segment as they provide physical protection for electrical components against external factors like dust, dirt, moisture, and other contaminants. They also safeguard against accidental contact and protect against potential hazards, ensuring the safety of both equipment and personnel. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Electric Enclosure Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Material Type (Metallic Enclosures, Non-Metallic Enclosures), Mounting Type (Wall-Mounted Enclosure, Free-Standing Enclosure, Underground Electric Enclosure), Form Factor (Small Enclosures, Compact Electric Enclosures, Free-Size Electric Enclosures), Industry Vertical (Power Generation and Distribution, Oil and gas, Metals and Mining, Medical, Pulp and Paper, Food and Beverages, Transportation, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Rittal (Germany), Hoffman (Pentair) (U.S.), Schneider Electric (Germany), Legrand (France), ABB (Sqitzerland), Eaton (Ireland), Hammond Manufacturing (Canada), Fibox (Finland), Adalet (U.S.), Hubbell (U.S.), Eldon (Nortek) (Italy), Bud Industries (U.S.), Stahlin Enclosures (U.S), Siemens (Germany)
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Market Opportunities
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Market Definition
The global electric enclosure market refers to the segment of the electrical equipment industry that focuses on the production, distribution, and sale of enclosures or cabinets designed to protect electrical components and systems. Electric enclosures safeguard various electrical devices, such as switches, circuit breakers, control panels, meters, and other sensitive equipment.
Global Electric Enclosure Market Dynamics
Drivers
- Increasing investments in infrastructure development and industrial automation
Infrastructure projects and industrial automation initiatives drive the demand for electric enclosures to protect electrical components in various applications.
- Growing demand for renewable energy systems and smart grids
The shift towards renewable energy and the implementation of smart grid systems require robust electric enclosures to house critical components.
- Stringent safety regulations and standards across industries
Strict safety regulations and standards mandate using reliable and secure enclosures to protect personnel and equipment from electrical hazards.
Opportunity
- Advancements in enclosure materials and technologies, such as lightweight and corrosion-resistant materials
Innovations in materials and technologies offer opportunities to develop more efficient, durable, and cost-effective electric enclosures.
Restraint/Challenge
- Volatile raw material prices affecting manufacturing costs
Fluctuations in the prices of raw materials used in electric enclosures can impact manufacturing costs and profitability.
This global electric enclosure market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Electric Enclosure market, contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In July 2022, Schneider Electric announced the launch of PrismaSet S, a new series of enclosures designed to bring commercial and industrial power distribution installations to parity with residential installations and increase their resistance to harsh applications. PrismaSet S supports Schneider Electric’s commitment to being more sustainable by using recycled plastic materials in manufacturing
- In March 2022, Magna International announced it would expand its battery case business in Canada to support Ford Motor’s new business. The new 170,000-square-foot facility is expected to create up to 150 new jobs and produce battery cases for Ford F-150 lighting.
Global Electric Enclosure Market Scope
The global electric enclosure market is segmented on the basis of material type, mounting type, form factor, and industry vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material Type
- Metallic Enclosures
- Non-Metallic Enclosures
Mounting Type
- Wall-Mounted Enclosure
- Free-Standing Enclosure
- Underground Electric Enclosure
Form Factor
- Small Enclosures
- Compact Electric Enclosures
- Free-Size Electric Enclosures
Industry Vertical
- Power Generation and Distribution
- Oil and gas
- Metals and Mining
- Medical
- Pulp and Paper
- Food and Beverages
- Transportation
- Others
Global Electric Enclosure Market Regional Analysis/Insights
The global electric enclosure market is analyzed, and market size insights and trends are provided by material type, mounting type, form factor, and industry vertical, as referenced above.
The countries covered in the global electric enclosure market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.
The U.S. is expected to dominate the global electric enclosure market and has the fastest growth rate as the U.S. has a strong culture of innovation and technological advancements. American companies invest heavily in research and development, leading to the development of advanced technologies and solutions in the market.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Semiconductor Infrastructure growth Installed base and New Technology Penetration
The global electric enclosure market also provides you with a detailed market analysis for every country’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the Global Electric Enclosure market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the Electric Enclosure market. The data is available for the historic period 2015-2020.
Competitive Landscape and Global Electric Enclosure Market Share Analysis
The global electric enclosure market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global electric enclosure market.
Some of the major players operating in the global electric enclosure market are:
- Rittal (Germany),
- Hoffman (Pentair) (U.S.),
- Schneider Electric (Germany),
- Legrand (France),
- ABB (Sqitzerland),
- Eaton (Ireland),
- Hammond Manufacturing (Canada),
- Fibox (Finland),
- Adalet (U.S.),
- Hubbell (U.S.),
- Eldon (Nortek) (Italy),
- Bud Industries (U.S.),
- Stahlin Enclosures (U.S),
- Siemens (Germany)
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