Global Electric Enclosure Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electric Enclosure Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An electrical enclosure is a cabinet for electrical or electronic equipment to mount switches, knobs and displays and to prevent electrical shock to equipment users and protect the contents from the environment. The enclosure is the only part of the equipment which is seen by users.

Market Overview:

The latest research study on the global Electric Enclosure market finds that the global Electric Enclosure market reached a value of USD 8327.12 million in 2022. It’s expected that the market will achieve USD 11167.41 million by 2028, exhibiting a CAGR of 5.01% during the forecast period.

Limitations


In many cases, prices are under pressure. The industry is fiercely competitive, and some manufacturers obtain sales by reducing prices, which leads to a decline in the industry's profit margin. In addition, very tight labor causes rising labor costs, which also hinders the development of the Electric Enclosure industry.
Due to the china-U.S. Trade war, the price of some imported raw materials has risen, leading to rising costs for manufacturers, which has led to falling profit margins.
An electrical enclosure is a cabinet containing various electrical and electronic components. It serves two purposes: to protect the user from electric shock, and to protect the parts it covers from external damage. However, there is a problem of leakage in the electrical enclosure, which will hinder the development of the industry to a certain extent.
With the development of the economy, people have higher demands on wages, which has led to an increase in labor prices in various regions of the world. In view of the fact that the production of Electric Enclosure requires more labor, the cost of manufacturers increases as labor costs increase.

Raw materials occupy an important market share in the production of the entire Electric Enclosure. As the price of raw materials rises, the manufacturing costs of the manufacturers will be increased, thereby reducing the profits that manufacturers can obtain.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Rittal, nVent Electric, Eaton with the revenue market share of 19.01%, 14.91% and 7.14% in 2018.

Rittal GmbH & Company KG develops and manufactures systems and solutions for different applications. The Company offers systems in the areas of enclosures, electronic packaging, climate control, power distribution, IT infrastructures, and communication. Rittal operates worldwide.

nVent Electric plc is a global provider of electrical connection and protection solutions. The Company designs, manufactures, markets, installs and services products and solutions that connect and protect equipment, buildings and critical processes.

The Company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions.

Segmentation Overview:

Among different product types, Metallic segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Energy & Power segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Electric Enclosure market covered in Chapter 3:

Rittal
ABB
Emerson
Eaton
Eldon
Hammond
Bison ProFab
nVent Electric
Adalet
Hubbel
ENSTO
Allied Moulded Products
Fibox Enclosures
Schneider Electric

In Chapter 4 and Chapter 14.2, on the basis of types, the Electric Enclosure market from 2018 to 2029 is primarily split into:

Non-Metallic
Metallic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electric Enclosure market from 2018 to 2029 covers:

Energy & Power
Commercial & Industrial
Food

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)