Electrical Enclosure Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Electrical Enclosure Market
The Electrical Enclosure market size was valued at USD 7.07 billion in 2023, and the market is now projected to grow from USD 7.42 billion in 2024 to USD 13.15 billion by 2032, exhibiting a CAGR of 7.4% during the forecast period of 2023-2030.
The COVID-19 pandemic increased the implementation of digital technology, which include online ordering, deliver chain management, and improvements with rising technology inside the automotive and production sectors, which finally benefited the electrical enclosures industry.
The widespread alternatives for enclosures can regularly fall quick of gratifying unique mission requirements. The customized enclosures offer tailor-made solutions for special, particular packages for demanding environments. Custom-made solutions offer customers with specific in shape and functionality, which can be designed as in line with their intricate desires to accommodate specific wiring configurations and seamlessly contain with modern systems. Such solutions permit abilties, which include optimized air flow, enhanced performance, integration of committed protection over environmental threats, and better safety. This results in Electrical Enclosure market growth.
The incorporation of actuators, sensors, cooling gadgets, and communique modules for actual-time records amassing and faraway managing of electrical equipment and device refers to clever electric enclosures. Such enclosure allows improve operational performance, faraway management, protection, and lots of different capabilities.
Comprehensive Analysis of Electrical Enclosure Market
The Electrical Enclosure market is rising at an exponential charge due to its marketplace segmentation. Based on type, the market is categorized into floor-mounted/freestanding, wall-mounted, and others (pole, gasketed screw, underground, and others). By material type, the market is bifurcated into metallic (stainless steel, aluminum, and others) and non-metallic (fiberglass, plastic, and others). By application, the market is classified into industrial control systems (manufacturing and automotive), oil and gas, energy and power, telecommunications, and others (Food & Beverages and others).
Europe has the largest Electrical Enclosure market share. Europe accounted for the very best market sales percentage in 2023, with well-set up infrastructure and increasing demand for renewable strength and industrial automation. The presence of outstanding market gamers, together with Schneider Electric, Legrand SA, nVent, Fibox, Siemens, and others, contributes to the boom of the market inside the vicinity. Also, international locations, which include Germany, France, the U.K., and Spain account for the predominant boom throughout business automation, clever enclosures, and renewable electricity. The vicinity additionally has excessive quantities of investments in digital technologies, electronics, commercial simulation, and others.
The top players in the market play a crucial role in the Electrical Enclosure industry assuring industrial prospectus growth and setting market standards. These players include, Rittal GmbH & Co. KG (Germany), Eaton (U.S.), Schneider Electric (France), Equipto Electronics, Corp. (U.S.), Hubbell (U.S.), nVent (Eldon Holdings) (U.K.), Siemens (Germany), Hammond Manufacturing Ltd (Canada), Saipwell Electric Co., Ltd. (China), and Fibox (Finland).
In October 2023, Rittal released the brand new addition to its product portfolio, the VX SE Floormount enclosure NEMA 12/3R. It is designed for a range of out of doors and indoor industrial and commercial makes use of, together with machine gear, cloth managing, and automobile. The freestanding enclosure is right for system builders, panel developers, and gadget integrators.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.4% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Type
Wall-mounted
Floor-mounted/Freestanding
Others (Pole, Gasketed Screw, underground, and others)
By Material Type
Metallic (Stainless steel, Aluminium, and others)
Non-metallic (Fiberglass, Plastic, and others)
By Application
Industrial Control Systems (Manufacturing and Automotive)
Energy and Power
Telecommunications
Oil and Gas
Others (Food & Beverages, and others)
By Region
North America (By Type, By Material Type, By Application, and By Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Type, By Material Type, By Application, and By Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Russia (By Application)
- Benelux (By Application)
- Nordics (By Application)
- Rest of Europe
Asia Pacific (By Type, By Material Type, By Application, and By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- South Korea (By Application)
- ASEAN (By Application)
- Oceania (By Application)
- Rest of the Asia Pacific
Middle East & Africa (By Type, By Material Type, By Application, and By Country)
- Turkey (By Application)
- Israel (By Application)
- GCC (By Application)
- North Africa (By Application)
- South Africa (By Application)
- Rest of the Middle East & Africa
South America (By Type, By Material Type, By Application, and By Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global PropTech Key Players Market Share/Ranking, 2023
- 5. Global PropTech Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Solution (USD)
- 5.2.1. Integrated Platform/Software
- 5.2.2. Standalone Software
- 5.3. By Deployment (USD)
- 5.3.1. Cloud
- 5.3.2. On-premise
- 5.4. By Property Type (USD)
- 5.4.1. Residential
- 5.4.2. Commercial
- 5.5. By End-user (USD)
- 5.5.1. Real Estate Agents
- 5.5.2. Housing Associations
- 5.5.3. Property Investors
- 5.5.4. Others (Mortgage Lenders, etc.)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. South America
- 5.6.3. Europe
- 5.6.4. Middle East & Africa
- 5.6.5. Asia Pacific
- 6. North America PropTech Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Solution (USD)
- 6.2.1. Integrated Platform/Software
- 6.2.2. Standalone Software
- 6.3. By Deployment (USD)
- 6.3.1. Cloud
- 6.3.2. On-premise
- 6.4. By Property Type (USD)
- 6.4.1. Residential
- 6.4.2. Commercial
- 6.5. By End-user (USD)
- 6.5.1. Real Estate Agents
- 6.5.2. Housing Associations
- 6.5.3. Property Investors
- 6.5.4. Others
- 6.6. By Country (USD)
- 6.6.1. United States
- 6.6.1.1. By End-user
- 6.6.2. Canada
- 6.6.2.1. By End-user
- 6.6.3. Mexico
- 6.6.3.1. By End-user
- 7. South America PropTech Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Solution (USD)
- 7.2.1. Integrated Platform/Software
- 7.2.2. Standalone Software
- 7.3. By Deployment (USD)
- 7.3.1. Cloud
- 7.3.2. On-premise
- 7.4. By Property Type (USD)
- 7.4.1. Residential
- 7.4.2. Commercial
- 7.5. By End-user (USD)
- 7.5.1. Real Estate Agents
- 7.5.2. Housing Associations
- 7.5.3. Property Investors
- 7.5.4. Others
- 7.6. By Country (USD)
- 7.6.1. Brazil
- 7.6.1.1. By End-user
- 7.6.2. Argentina
- 7.6.2.1. By End-user
- 7.6.3. Rest of South America
- 8. Europe PropTech Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Solution (USD)
- 8.2.1. Integrated Platform/Software
- 8.2.2. Standalone Software
- 8.3. By Deployment (USD)
- 8.3.1. Cloud
- 8.3.2. On-premise
- 8.4. By Property Type (USD)
- 8.4.1. Residential
- 8.4.2. Commercial
- 8.5. By End-user (USD)
- 8.5.1. Real Estate Agents
- 8.5.2. Housing Associations
- 8.5.3. Property Investors
- 8.5.4. Others
- 8.6. By Country (USD)
- 8.6.1. United Kingdom
- 8.6.1.1. By End-user
- 8.6.2. Germany
- 8.6.2.1. By End-user
- 8.6.3. France
- 8.6.3.1. By End-user
- 8.6.4. Italy
- 8.6.4.1. By End-user
- 8.6.5. Spain
- 8.6.5.1. By End-user
- 8.6.6. Russia
- 8.6.6.1. By End-user
- 8.6.7. Benelux
- 8.6.7.1. By End-user
- 8.6.8. Nordics
- 8.6.8.1. By End-user
- 8.6.9. Rest of Europe
- 9. Middle East & Africa PropTech Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Solution (USD)
- 9.2.1. Integrated Platform/Software
- 9.2.2. Standalone Software
- 9.3. By Deployment (USD)
- 9.3.1. Cloud
- 9.3.2. On-premise
- 9.4. By Property Type (USD)
- 9.4.1. Residential
- 9.4.2. Commercial
- 9.5. By End-user (USD)
- 9.5.1. Real Estate Agents
- 9.5.2. Housing Associations
- 9.5.3. Property Investors
- 9.5.4. Others
- 9.6. By Country (USD)
- 9.6.1. Turkey
- 9.6.1.1. By End-user
- 9.6.2. Israel
- 9.6.2.1. By End-user
- 9.6.3. GCC
- 9.6.3.1. By End-user
- 9.6.4. North Africa
- 9.6.4.1. By End-user
- 9.6.5. South Africa
- 9.6.5.1. By End-user
- 9.6.6. Rest of MEA
- 10. Asia Pacific PropTech Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Solution (USD)
- 10.2.1. Integrated Platform/Software
- 10.2.2. Standalone Software
- 10.3. By Deployment (USD)
- 10.3.1. Cloud
- 10.3.2. On-premise
- 10.4. By Property Type (USD)
- 10.4.1. Residential
- 10.4.2. Commercial
- 10.5. By End-user (USD)
- 10.5.1. Real Estate Agents
- 10.5.2. Housing Associations
- 10.5.3. Property Investors
- 10.5.4. Others
- 10.6. By Country (USD)
- 10.6.1. China
- 10.6.1.1. By End-user
- 10.6.2. India
- 10.6.2.1. By End-user
- 10.6.3. Japan
- 10.6.3.1. By End-user
- 10.6.4. South Korea
- 10.6.4.1. By End-user
- 10.6.5. ASEAN
- 10.6.5.1. By End-user
- 10.6.6. Oceania
- 10.6.6.1. By End-user
- 10.6.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Altus Group
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Guesty Inc.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Qualia Labs, Inc.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Ascendix Tech
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Zillow
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Zumper Inc.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. View The Space
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. CoreLogic
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Reonomy
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. MRI Software LLC
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook