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

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

The electrical box (also called junction box) encloses the wire connections. They help prevent short circuits, which could cause a fire. They come in a variety of shapes and sizes, which can be adjusted according to the needs of users.

Market Overview:

The latest research study on the global Electrical Boxes market finds that the global Electrical Boxes market reached a value of USD 5964.93 million in 2022. It’s expected that the market will achieve USD 8198.29 million by 2028, exhibiting a CAGR of 5.44% during the forecast period.

The growth of the Electrical Boxes market is driven by the downstream demand market. As the global economy develops, the population continues to increase. Growing market demand plays an active role in the expansion of the Electrical Boxes market. Higher product quality and more affordable products will be one of the growth opportunities in this market in the future. At the same time, competition in new regions may become more intense. This may become a factor hindering market growth.

Online Sales

Online sales channels have greatly expanded sales channels. The development of the global Internet and logistics industry has contributed to the explosion of online sales. In 2019, retail e-commerce sales worldwide amounted to 3.53 trillion US dollars and e-retail revenues are projected to grow to 6.54 trillion US dollars in 2022. Online shopping is one of the most popular online activities worldwide. Many small household electric boxes can be purchased on online retail platforms, and the price is very cheap, and there will be more choices than physical stores. At the same time, the shopping platform will also provide return service or installation guidance, which improves the consumer's shopping experience.

Stable Upstream Supply

There are two main raw materials for electrical boxes, metal and plastic. The production of these two materials is large on a global scale, and the supply and demand are stable, the price is stable, and the price will not increase significantly in the short term. In addition, the upstream sales channels are also very wide, and the distribution systems in various regions are relatively complete. Manufacturers can obtain these two kinds of raw materials through multiple channels.

High manufacturing requirements

Electric boxes are used as containers for storing electric boxes. The manufacturing requirements need to meet national or related certifications, such as CE certification, ROSH certification and ISO quality certification, otherwise it will cause safety problems such as leakage. Especially for electric boxes used outdoors, they also need to have a waterproof function, which poses a challenge to manufacturers' manufacturing capabilities.

Region Overview:

China had the highest growth rate of all regions

Company Overview:

Schneider Electric, ABB (Carlon), ETN were the top 3 players in the Electrical Boxes market in 2022, taking up a market share of 16.19% together.

Segmentation Overview:

Among different product types, Plastic segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Electrical Boxes market covered in Chapter 3:

AsaPlastici
Simon
Marshell Tufflex
Raco
Mockett
Clipsal
Gira
Gewiss
Carlon
OBO
Bachmann

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

Metal
Plastic

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

Residential
Commercial

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)