The latest report by IMARC Group, titled “Electrical Enclosure Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, finds that the global electrical enclosure market reached around US$ 6 Billion in 2020. An electric enclosure is a cabinet or box that is used to store and protect electrical or electronic equipment from electromagnetic or radio frequency interference. It is usually made from steel, aluminum or rigid plastics to protect against hazardous, non-hazardous, and other specific environmental conditions. Electrical enclosures are widely utilized across the residential, industrial and commercial sectors to shield transformers, power generators and telecommunication devices. They also enclose other components, such as panel boards, circuit breakers, knobs, switches and display monitors, to help prevent accidental electric shocks and add to the aesthetic value of the space.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Electrical Enclosure Market Trends:
The increasing need for uninterrupted electricity supply across the globe represents the primary factor driving the market growth. The rapid industrialization and the rising trend of automation across various industries have also escalated the demand for electrical enclosures globally. Besides this, with the altering climate conditions and improving living standards of consumers, there has been a rise in the uptake of heating, ventilation, and air conditioning (HVAC) systems, which is providing a positive thrust to the market. Furthermore, an increase in the energy demand due to population growth and the growing preference for smart grids, governments of various countries have implemented stringent regulations to upgrade the existing transmission and distribution infrastructure. Thus, mandating the installation of electrical enclosures across the residential and commercial sectors by governments is further contributing to their sales. Moreover, the growing preference for smart or connected cities, rising adoption rates of renewable energy resources across several power stations, increasing penetration of green energy and the advent of the internet of things (IoT)-enabled industrial enclosures are some of the other factors impelling the market growth. Looking forward, the market is anticipated to grow at a CAGR of around 6% during the forecast period (2021-2026).
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Schneider Electric
- ABB Ltd.
- Eaton Corporation
- Adalet
- Emerson Electric Company
- Pentair
- Siemens
- Allied Moulded Products
- AZZ Incorporated
- Fibox Enclosures
- GE
- Legrand SA
- Hubbell Incorporated
- Socomec Group SA
- Rittal GmbH & Co. Kg
Electrical Enclosure Market Segmentation:
Our report has categorized the market based on region, type, material type, mounting type, form factor, product type, design and end-user.
Market Breakup by Type:
- Junction Enclosures
- Disconnect Enclosures
- Operator Interface Enclosures
- Environment and Climate Control Enclosures
- Push Button Enclosures
Market Breakup by Material Type:
- Metallic
- Nonmetallic
Market Breakup by Mounting Type:
- Wall-Mounted Enclosure
- Floor-Mounted/Free-Standing Enclosure
- Underground
Market Breakup by Form Factor:
- Small
- Compact
- Full-size
Market Breakup by Product Type:
- Drip-Tight
- Hazardous Environment
- Flame/Explosion Proof
- Dust-Tight
- Others
Market Breakup by Design:
- Standard Type
- Custom Type
Market Breakup by End-User:
- Power Generation
- Transmission and Distribution
- Other Electrical Equipment
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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