Electrical Enclosure Market Overview 2022-2027:
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 electrical enclosure market report. 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.
Electrical enclosure refers to a casing for electrical and electronic equipment. It is made up of metallic and non-metallic materials that consist of switches, knobs, and displays. Electrical enclosure protects transformers, power generations, and telecommunication devices from the environment and the damage resulting from accidental contact by users. It also offers properties of electromagnetic interference, power dissipation, and electrical breakdown. As a result, it finds application across energy and power, industrial, transportation, infrastructure, and telecommunication industries.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Electrical Enclosure Market Trends:
The global electrical enclosure market is primarily driven by the rising adoption of smart grids. The increasing cost of industrial maintenance operations coupled with the focus on stringent safety and process regulations is also propelling the market growth.
Besides this, the power generation from solar and wind sources necessitates sensitive electrical components and batteries, which escalates the demand for electrical enclosures. They are used for safety purposes to prevent system failure due to element exposure. Furthermore, various government regulations that support the adoption of renewable energy sources and the introduction of IIoT-enabled enclosures are expected to significantly impact on the market growth in the upcoming years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Schneider Electric
- ABB Ltd.
- Eaton Corporation
- Emerson Electric Company
- Allied Moulded Products
- AZZ Incorporated
- Fibox Enclosures
- 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.
Market Breakup by Type:
- Junction Enclosures
- Disconnect Enclosures
- Operator Interface Enclosures
- Environment and Climate Control Enclosures
- Push Button Enclosures
Market Breakup by Material Type:
Market Breakup by Mounting Type:
- Wall-Mounted Enclosure
- Floor-Mounted/Free-Standing Enclosure
Market Breakup by Form Factor:
Market Breakup by Product Type:
- Hazardous Environment
- Flame/Explosion Proof
Market Breakup by Design:
- Standard Type
- Custom Type
Market Breakup by End-User:
- Power Generation
- Transmission and Distribution
- Other Electrical Equipment
Market 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
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