PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550615
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550615
Electrical Enclosure Market, By Product Type, By Application, By End-use Industry, By Geography
The global electrical enclosure market is estimated to be valued at US$ 53.26 Bn in 2024 and is expected to reach US$ 76.42 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 53.26 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 5.30% | 2031 Value Projection: | US$ 76.42 Bn |
The global electrical enclosure market has been witnessing significant growth over the past few years due to rapid urbanization and industrialization across various regions globally. Electrical enclosures provide protection for sensitive electrical and electronic equipment from environmental factors such as dust, moisture, and corrosion. They help ensure safety, reliability, and performance of electrical equipment. Moreover, strict regulations regarding safety of industrial machinery and personnel have also boosted demand for enclosures. However, volatility in raw material prices may hamper market growth to some extent over the coming years. Overall, growth of industries such as oil & gas, manufacturing, utilities, and transportation is expected to drive continued demand for various types of electrical enclosures in the long run.
Market Dynamics:
The global electrical enclosure market is driven by rapid industrialization and infrastructure development activities across emerging economies. Rapid urbanization has led to increased investments in transportation, utility, and commercial construction projects which utilize numerous electrical and electronic equipment requiring protection through enclosures. Stringent safety regulations stipulated by organizations such as NEMA and IEC regarding protection of industrial machinery are also boosting adoption of enclosures. Metal enclosures continue to be widely used due to their ability to provide maximum protection. However, factors such as volatility in raw material prices pose a challenge for market participants. On the positive side, there is opportunity for growth in offshoring of manufacturing facilities by Western firms to low cost countries which will support enclosure demand from the industrial sector. Adoption of fiberglass and polycarbonate enclosures is also accelerating due to their lightweight and corrosion resistant properties offering design flexibility.
Key Features of the Study:
This report provides in-depth analysis of the global electrical enclosure market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global electrical enclosure market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include ABB Ltd, Adalet, Austin Electrical Enclosures, Eaton Corporation, Eldon Holding AB, Emerson Electric Co., Hubbell Inc., Legrand SA, Pentair PLC, Rittal GmbH & Co. Kg, Schneider Electric SE, Siemens AG, nVent (Eldon Holdings), AZZ Inc., and TE Connectivity
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global electrical enclosure market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Detailed Segmentation-
- By Product Type
- Wall-mounted Enclosures
- Floor-standing Enclosures
- Junction Boxes
- Terminal Boxes
- Others (Disconnect Enclosures, Disconnect Switches, etc.)
- By Application
- Industrial
- Commercial
- Residential
- Infrastructure
- Energy & Power
- By End-use Industry
- Manufacturing
- Construction
- Energy & Utilities
- IT & Telecom
- Others (Transportation, Healthcare, etc.)
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Key Players Insights
- ABB Ltd
- Adalet
- Austin Electrical Enclosures
- Eaton Corporation
- Eldon Holding AB
- Emerson Electric Co.
- Hubbell Inc.
- Legrand SA
- Pentair PLC
- Rittal GmbH & Co. Kg
- Schneider Electric SE
- Siemens AG
- nVent (Eldon Holdings)
- AZZ Inc.
- TE Connectivity
Table of Contents
1. RESEARCH OBJECTIVES AND ASSUMPTIONS
- Research Objectives
- Assumptions
- Abbreviations
2. MARKET PURVIEW
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Electrical Enclosure Market, By Product Type
- Global Electrical Enclosure Market, By Application
- Global Electrical Enclosure Market, By End-use Industry
3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Electrical Enclosure Market, By Product Type, 2024-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Wall-mounted Enclosures
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Floor-standing Enclosures
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Junction Boxes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Terminal Boxes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Others (Disconnect Enclosures, Disconnect Switches, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
5. Global Electrical Enclosure Market, By Application, 2024-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Infrastructure
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Energy & Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
6. Global Electrical Enclosure Market, By End-use Industry, 2024-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Energy & Utilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- IT & Telecom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Others (Transportation, Healthcare, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
7. Global Electrical Enclosure Market, By Region, 2019 - 2031, Value (US$ Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (US$ Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (US$ Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Product Type , 2019 - 2031, Value (US$ Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (US$ Bn)
- Market Size and Forecast, By End-use Industry , 2019 - 2031, Value (US$ Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Product Type , 2019 - 2031, Value (US$ Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (US$ Bn)
- Market Size and Forecast, By End-use Industry , 2019 - 2031, Value (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product Type , 2019 - 2031, Value (US$ Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (US$ Bn)
- Market Size and Forecast, By End-use Industry , 2019 - 2031, Value (US$ Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type , 2019 - 2031, Value (US$ Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (US$ Bn)
- Market Size and Forecast, By End-use Industry , 2019 - 2031, Value (US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Product Type , 2019 - 2031, Value (US$ Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (US$ Bn)
- Market Size and Forecast, By End-use Industry , 2019 - 2031, Value (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Product Type , 2019 - 2031, Value (US$ Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (US$ Bn)
- Market Size and Forecast, By End-use Industry , 2019 - 2031, Value (US$ Bn)
- South Africa
- North Africa
- Central Africa
8. COMPETITIVE LANDSCAPE
- ABB Ltd
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Adalet
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Austin Electrical Enclosures
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Eaton Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Eldon Holding AB
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Emerson Electric Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Hubbell Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Legrand SA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Pentair PLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Rittal GmbH & Co. Kg
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Schneider Electric SE
- Siemens AG
- nVent (Eldon Holdings)
- AZZ Inc.
- TE Connectivity
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
