About Electrical Enclosures
An electrical enclosure acts as a housing for electrical or electronic equipment. Its purpose is to protect that equipment from the environment particularly in the case of external electrical enclosures and also to protect people from the equipment like to prevent electric shock or the propagation of an explosion. Furthermore, an electrical enclosures are intended for usage cross-wise branches such as technological lines, working machines, electrical power distribution, cabinets of measurement and regulation (M&R), compensation electrical cabinets etc.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.03% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Electrical Enclosures market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Rittal GmbH & Co. (Germany), Schneider Electric (France), ABB (Switzerland), Eaton (Ireland), Emerson Electric Co. (United States), Pentair plc (United States), AZZ Inc (United States), Legrand (France), Hubbell (United States), Hammond Manufacturing Ltd (Canada) and nvent (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are FIBOX (Finland), Saginaw Control and Engineering (United States) and Leviton Manufacturing Co., Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electrical Enclosures market by , Application (Power Generation and Distribution, Oil & Gas, Metals & Mining, Medical, Pulp & Paper, Transportation, Food & Beverages and Other) and Region.
On the basis of geography, the market of Electrical Enclosures has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form Factor, the sub-segment i.e. Small Enclosures will boost the Electrical Enclosures market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metallic Enclosures will boost the Electrical Enclosures market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mounting Type, the sub-segment i.e. Wall-Mounted Enclosure will boost the Electrical Enclosures market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Augmented Industrial Maintenance Operations Cost
Market Growth Drivers:
Growing Demand for Enclosures in the Renewable Energy Sector and Strict Safety and Process Regulations
Challenges:
Price Competition in Electrical Enclosure Market
Restraints:
Concerns Regarding Seal Leakage Problems in Electric Enclosure
Opportunities:
Introduction of IIoT-Enabled Enclosures
Market Leaders and their expansionary development strategies
In February 2022 , Siemens, in partnership with Nexii Building Solutions, has announced a new sustainable EV charging concept structure designed for electrifying fleets and high-demand charging applications at scale. The new VersiCharge XL concept was created to electrify new or existing parking lots and building structures quickly and efficiently using a modular, scalable design.
In January 2023, nVent Electric plc , a global leader in electrical connection and protection, today introduced its new nVent HOFFMAN Extreme Environments line of stainless-steel enclosures and air conditioners. Certified to the industry’s highest standards, the product line offers a durable, reliable solution for ultimate protection of critical equipment and system components in the most demanding environments.
Key Target Audience
Manufacturers of Electrical Enclosures, Suppliers of Raw Materials, Wholesalers, Distributors and Retailers of Electrical Enclosures, Oil & Gas Industry, Medical Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.