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

Global Small 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 report mainly studies the global Electric Enclosure market.

Market Overview:

The latest research study on the global Small Electric Enclosure market finds that the global Small Electric Enclosure market reached a value of USD 7465.16 million in 2022. It’s expected that the market will achieve USD 11065.69 million by 2028, exhibiting a CAGR of 6.78% during the forecast period.

Electric Enclosure Growth Drivers

Electric Enclosure aims to provide a safe environment for all kinds of electrical and electronic equipment. They can provide compact performance and minimum floor space, so that they can be easily integrated into various systems and products. Electrical equipment such as power distribution system and generator are protected by Electric Enclosure. Electric Enclosure can protect equipment from severe and fluctuating environmental conditions, such as weather threats such as sleet, rain, snow or dirt. In addition, Electric Enclosure can also exist as a security measure: preventing unauthorized personnel from accessing the equipment; Protect personnel from equipment (for example, prevent electric shock or explosion from spreading, and eliminate the possibility of electric shock and other related accidents). Its functionality makes it increasingly used by various industries to ensure safety.
At present, the rapid industrialization of the global market and the demand for upgrading power infrastructure in emerging countries may promote the development of Electric Enclosure market in the near future.
At the same time, the security issues, the awareness of energy conservation and the promotion of the market penetration rate of the concept of smart home are expected to be opportunities in the Electric Enclosure market.

Electric Enclosure Market Challenges

The quality of Electric Enclosure directly affects the normal operation, security and reliability of production. Only manufacturers with strong R&D capability, stable product quality, high service level and strong sustainable operation ability can be recognized by downstream users. Once recognized, manufacturers will form important competitiveness of enterprises. In order to gain recognition, manufacturers need to continuously develop new products to meet market demand and continuously improve product quality and service level. Continuous product innovation and investment in sales and service network need capital, and it takes time to gain customer recognition. Therefore, for new enterprises, there will be some customer recognition obstacles in a short time.

Region Overview:

From 2022-2027, China is estimated to witness robust growth prospects.

Company Overview

The top three companies are Rittal, nVent Electric, Eaton with the revenue market share of 17.63%, 13.72%, 7.43% in 2020.

Rittal, headquartered in Herborn, Hesse, Germany, is a leading global provider of solutions for industrial enclosures, power distribution, climate control and IT infrastructure, as well as software and services. Rittal solutions can be found in more than 90 percent of all industrial sectors 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, Wall-mounted Enclosure segment is anticipated to contribute the largest market share in 2027.

Application Overview:

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

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

Ensto Group
NITTO KOGYO
ABB
Rittal
Hubbell Inc.
Legrand SA
Schneider
Fibox
Eaton
nVent Electric
Hammond
Emerson

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

Wall-mounted Enclosure
Underground
Others

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

Power generation & distribution
Oil & Gas
Metals & Mining
Medical
Pulp & Paper
Food & Beverages
Transportation
Household
Commercial
Others

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)