Global Electrical Enclosures Market Research Report 2023(Status and Outlook)

Global Electrical Enclosures Market Research Report 2023(Status and Outlook)

Report Overview

Electrical enclosures protect electrical equipment such as power generators, transformers, and various telecommunication devices and contain electrical components such as knobs, switches, and displays. They are available in various sizes; although broadly, those used for industrial applications are larger than those used in residential areas. This market can be segmented into two groups: enclosures used in the power generation process and those used for transmission & distribution (T&D). This market can also be segmented by the type of material used to manufacture the enclosure into the following categories: plastics, plastic composites, metals, and metal alloys. Plastics typically used for electrical enclosures include acrylonitrile butadiene styrene (ABS), polycarbonate, and styrenic polymers, which can also be reinforced with glass or carbon fibers to increase their mechanical and temperature resistance. PVC was commonly employed for this purpose but its usage has been discouraged as it does not meet modern standards. Among metals and alloys, stainless steel, carbon steel, and aluminum find wide usage. Metal enclosures are sturdier, durable, and offer better protection to environmental elements but are also costlier and difficult to mold compared to plastic enclosures.

Increasing demand for energy and electricity is driving the global electrical enclosures market. China is likely to be a lucrative market due to the rapid industrialization in this country. Expansion of the electrical enclosures market in developed countries in Europe & North America is projected to be moderate (as power infrastructure is already well-developed in these regions) and driven by the installation of power stations running on renewable sources of energy such as solar and wind energy. The need to upgrade the power infrastructure in emerging countries is likely to propel the market for electrical enclosures in the near future. India, Indonesia, and Nigeria are estimated to invest substantially in the utilities sector in the next decade as several parts in these countries do not have access to reliable sources of electricity. The use of better quality materials to manufacture electrical enclosures is also anticipated to become prevalent in these countries with low-cost materials such as PVC expected to be phased out. Demand for good quality electrical enclosures is high in the oil & gas industry. Other major end-users of this market include the power generation, water & wastewater, and mining industries.

The Global Electrical Enclosures Market Size was estimated at USD 5664.80 million in 2022 and is projected to reach USD 8185.95 million by 2029, exhibiting a CAGR of 0.05 during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Electrical Enclosures market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electrical Enclosures Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electrical Enclosures market in any manner.

Global Electrical Enclosures Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Adalet

Allied Moulded Products Inc.

Apx Enclosures Inc.

Atlas Manufacturing

Attabox

Austin Electrical Enclosures

B&R Enclosures

Bartakke Electrofab Pvt. Ltd.

Bison Profab

Bud Industries

Durham Co.

Eaton Corp. Plc

Eldon Holding AB

Emerson Electric Co

Ensto Group

Fibox Oy AB

Gaurang Electronic Industries

GE Industrial Solutions

Hammond Manufacturing

Hubbell Inc.

Integra Enclosures

Milbank Manufacturing Co.

Penn Panel And Box Co.

Market Segmentation (by Type)

Wall-mounted enclosure

Floor-mounted/Free-standing enclosure

Underground

Market Segmentation (by Application)

Commercial

Defense

UAV

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Electrical Enclosures Market

Overview of the regional outlook of the Electrical Enclosures Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors