Product Code: 136967-08-22
The global demand for electrical enclosures is primarily driven by rapid growth in industrialization coupled with the mounting trend towards process automation. Stringent safety regulations and improved investments in renewable energy projects, especially in developed economies are collectively expected to favor market demand in the following years. Furthermore, the growing need for process automation in the food and beverage sector is also expected to propel the demand for electrical enclosures during the forecast period 2022 - 2030. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 5.5% during the forecast period 2022 - 2030.
Report Scope
This report analyzes the global electrical enclosure market in terms of type (by material), application, end-use, and geography. On the basis of type, the market is segmented into metallic and non-metallic electrical enclosures. Similarly, on the basis of application, the market for an electrical enclosure is classified into dust-tight, hazardous environment, drip-tight, and flame/explosion among others. Additionally, based on verticals, the market is segmented into industrial manufacturing, commercial, food and beverage, energy and power, and transportation among others. The geographical distribution of the global electrical enclosure market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Purpose of the Report
The purpose of this strategic research study titled "Global Electrical Enclosure Market - Growth, Share, Opportunities, and Competitive Analysis, 2022 - 2030" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global electrical enclosure market.
Target Audience
- Industry Investors
- Electrical Enclosure Manufacturers
- Cable Management System Manufacturers
- Distributors
- End-users
USP and Key Offerings
The report titled "Global Electrical Enclosure Market- Growth, Share, Opportunities, and Competitive Analysis, 2022 - 2030" offers strategic insights into the global electrical enclosure market along with the market size and estimates for the duration 2020 to 2030. The said research study covers an in-depth analysis of multiple market segments based on applications, types, end-use, and cross-sectional study across different geographies. In order to help strategic decision-makers, the report also includes competitive profiling of the leading electrical enclosure manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the electrical enclosure market
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- SRC (Segment-Region-Country) Analysis
Overall, the research study provides a holistic view of the global electrical enclosure market, offering market size and estimates for the period from 2020 to 2030, keeping in mind the above-mentioned factors.
In 2021, the global electrical enclosures market was dominated by metallic electrical enclosures. The metallic enclosure segment accounted for over 70% of the global electrical enclosures market revenue in the same year. The trend is expected to continue and the segment is presumed to hold on to its dominant position throughout the forecast period 2022 - 2030. The majority of this demand is contributed by the stainless steel variants. The stainless steel electrical enclosures are ideally used in applications that require dealing with corrosion resistance. On the other hand, non-metallic electric enclosures are forecast to exhibit steady growth during the forecast period on account of properties such as lightweight, low cost, and ease of handling and modifications.
Electrical enclosures have witnessed considerable acceptance across multiple industry verticals in recent years.
The global demand for electrical enclosures, especially in the industrial manufacturing segment is primarily driven by rapid growth in industrialization coupled with the growing trend towards process automation. In order to avoid any mishap or accident at the workplace, the government regulations promoting the use of electrical enclosures is expected to drive demand in the industrial manufacturing segment. On the other hand, improving power infrastructure has expanded power transmission and distribution networks across the globe. This development is supporting the demand for electrical enclosures in the energy and power sector. The electrical enclosures that are ideally used to mitigate corrosion are expected to witness robust growth across the food and beverage segment.
The market for electrical enclosures in North America (United States and Canada) is highly structured, while the market in Europe is consolidated. Western Europe has become the hub to manufacturers for outsourcing the production of their electrical enclosures. The trend is expected to continue during the forecast period 2022 - 2030. The demand in these regions is primarily driven by stringent government regulations promoting the safety of workers at the workplace. In addition, increasing investment in renewable energy projects is expected to favor market demand in these regions. On the contrary, the market for electrical enclosures in the Asia Pacific is highly unstructured. However, with the mounting pressure on manufacturers to deliver standard products, the market in the Asia Pacific is expected to become moderately structured during the latter half of the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Electrical Enclosure market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Electrical Enclosure market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
- Metallic Enclosure
- Non-Metallic Enclosure
Application
- Dust Tight
- Hazardous Environment
- Drip-Tight
- Flame/Explosion
- Others
Industry Vertical
- Comparative Analysis
- Industrial Manufacturing
- Commercial
- Food and Beverage
- Energy and Power
- Transportation
- Others
Region Segment (2020-2030; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
- Pre Covid-19 situation
- Post Covid-19 situation
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Electrical Enclosure market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Electrical Enclosure market?
- Which is the largest regional market for Electrical Enclosure market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Electrical Enclosure market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Electrical Enclosure market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Electrical Enclosure Market
- 2.2. Global Electrical Enclosure Market, By Type, 2021 (US$ Million)
- 2.3. Global Electrical Enclosure Market, By Application, 2021 (US$ Million)
- 2.4. Global Electrical Enclosure Market, By Industry Vertical, 2021 (US$ Million)
- 2.5. Global Electrical Enclosure Market, By Geography, 2021 (US$ Million)
- 2.6. Attractive Investment Proposition by Geography, 2021
3. Electrical Enclosure Market: Competitive Analysis
- 3.1. Market Positioning of Key Electrical Enclosure Market Vendors
- 3.2. Strategies Adopted by Electrical Enclosure Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2021 Versus 2030
4. Electrical Enclosure Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Electrical Enclosure Market Value, 2020 - 2030, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Metallic Enclosure
- 5.3.2. Non-Metallic Enclosure
6. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. Dust Tight
- 6.3.2. Hazardous Environment
- 6.3.3. Drip-Tight
- 6.3.4. Flame/Explosion
- 6.3.5. Others
7. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2021 Versus 2030
- 7.3. Market Segmentation
- 7.3.1. Comparative Analysis
- 7.3.2. Industrial Manufacturing
- 7.3.3. Commercial
- 7.3.4. Food and Beverage
- 7.3.5. Energy and Power
- 7.3.6. Transportation
- 7.3.7. Others
8. North America Electrical Enclosure Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 8.3. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 8.4. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 8.5.Electrical Enclosure Market: By Region, 2020-2030, USD (Million)
- 8.5.1.North America
- 8.5.1.1. U.S.
- 8.5.1.1.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 8.5.1.1.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 8.5.1.1.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 8.5.1.2. Canada
- 8.5.1.2.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 8.5.1.2.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 8.5.1.2.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 8.5.1.3. Rest of North America
- 8.5.1.3.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 8.5.1.3.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 8.5.1.3.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
9. UK and European Union Electrical Enclosure Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 9.3. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 9.4. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 9.5.Electrical Enclosure Market: By Region, 2020-2030, USD (Million)
- 9.5.1.UK and European Union
- 9.5.1.1. UK
- 9.5.1.1.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 9.5.1.1.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 9.5.1.1.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 9.5.1.2. Germany
- 9.5.1.2.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 9.5.1.2.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 9.5.1.2.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 9.5.1.3. Spain
- 9.5.1.3.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 9.5.1.3.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 9.5.1.3.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 9.5.1.4. Italy
- 9.5.1.4.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 9.5.1.4.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 9.5.1.4.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 9.5.1.5. France
- 9.5.1.5.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 9.5.1.5.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 9.5.1.5.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 9.5.1.6. Rest of Europe
- 9.5.1.6.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 9.5.1.6.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 9.5.1.6.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
10. Asia Pacific Electrical Enclosure Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 10.3. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 10.4. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 10.5.Electrical Enclosure Market: By Region, 2020-2030, USD (Million)
- 10.5.1.Asia Pacific
- 10.5.1.1. China
- 10.5.1.1.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 10.5.1.1.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 10.5.1.1.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 10.5.1.2. Japan
- 10.5.1.2.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 10.5.1.2.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 10.5.1.2.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 10.5.1.3. India
- 10.5.1.3.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 10.5.1.3.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 10.5.1.3.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 10.5.1.4. Australia
- 10.5.1.4.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 10.5.1.4.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 10.5.1.4.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 10.5.1.5. South Korea
- 10.5.1.5.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 10.5.1.5.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 10.5.1.5.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 10.5.1.6. Rest of Asia Pacific
- 10.5.1.6.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 10.5.1.6.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 10.5.1.6.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
11. Latin America Electrical Enclosure Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 11.3. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 11.4. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 11.5.Electrical Enclosure Market: By Region, 2020-2030, USD (Million)
- 11.5.1.Latin America
- 11.5.1.1. Brazil
- 11.5.1.1.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 11.5.1.1.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 11.5.1.1.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 11.5.1.2. Mexico
- 11.5.1.2.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 11.5.1.2.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 11.5.1.2.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 11.5.1.3. Rest of Latin America
- 11.5.1.3.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 11.5.1.3.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 11.5.1.3.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
12. Middle East and Africa Electrical Enclosure Market, 2020-2030, USD (Million)
- 12.1. Market Overview
- 12.2. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 12.3. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 12.4. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 12.5.Electrical Enclosure Market: By Region, 2020-2030, USD (Million)
- 12.5.1.Middle East and Africa
- 12.5.1.1. GCC
- 12.5.1.1.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 12.5.1.1.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 12.5.1.1.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 12.5.1.2. Africa
- 12.5.1.2.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 12.5.1.2.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 12.5.1.2.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
- 12.5.1.3. Rest of Middle East and Africa
- 12.5.1.3.1. Electrical Enclosure Market: By Type, 2020-2030, USD (Million)
- 12.5.1.3.1. Electrical Enclosure Market: By Application, 2020-2030, USD (Million)
- 12.5.1.3.1. Electrical Enclosure Market: By Industry Vertical, 2020-2030, USD (Million)
13. Company Profile
- 13.1. General Electric Company
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. Emerson Electric Company
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. Eaton Corporation Plc
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. Rittal GmbH & Co. KG
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. Hubbell, Inc.
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. ABB Ltd.
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
- 13.7. Legrand S.A.
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
- 13.8. Siemens AG
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
- 13.9. Eldon Holding AB
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Portfolio
- 13.9.4. Strategic Initiatives
- 13.10. Adalet Inc.
- 13.10.1. Company Overview
- 13.10.2. Financial Performance
- 13.10.3. Product Portfolio
- 13.10.4. Strategic Initiatives
- 13.11. Schneider Electric SE
- 13.11.1. Company Overview
- 13.11.2. Financial Performance
- 13.11.3. Product Portfolio
- 13.11.4. Strategic Initiatives