Global Electrical Enclosures Market Size, Trends & Growth Opportunity, By Material Type (Metallic Enclosures and Non-Metallic Enclosures), By Mounting Type (Wall-Mounted Enclosure, Free-Standing Enclosure, and Underground Electric Enclosure), By Industry Vertical (Power Generation and Distribution, Oil and gas, Metals and Mining, Medical, Pulp and Paper, Food and Beverages, Transportation, and Others), By Region and Forecast till 2030.
Report ID : IR1002460 | Industries : Energy & Power | Published On :July 2024 | Page Count : 235
Global Electrical Enclosures Market Size, Trends & Growth Opportunity, By Material Type (Metallic Enclosures and Non-Metallic Enclosures), By Mounting Type (Wall-Mounted Enclosure, Free-Standing Enclosure, and Underground Electric Enclosure), By Industry Vertical (Power Generation and Distribution, Oil and gas, Metals and Mining, Medical, Pulp and Paper, Food and Beverages, Transportation, and Others), By Region and Forecast till 2030.
Global Electrical Enclosures Market
The Global Electrical Enclosures Market is expected to grow from US$ 1.9 Billion in 2022 to US$ 9.6 Billion by 2030; it is estimated to grow at a CAGR of 22.44% from 2023-2030.
Market Overview
An enclosure that prevents electrical shock and shields the content from the elements is called a "electric enclosure," and it is used to mount switches, knobs, and displays on electrical equipment. The enclosure provides protection for electrical equipment like power transmission and distribution systems, power generators, and transmitters. The enclosure shields the area from weather hazards including sleet, rain, snow, or dirt.
Market Drivers
The demand for clean electrical enclosures is driven by the rising focus on hygienic conditions in the food and beverage industry. The oil and gas, metals and mining, and renewable energy sectors are also driving up enclosure demand. The market is additionally benefited by the growing adoption of IoT-enabled enclosures, and the growing importance of intelligent transportation systems drives the demand for electrical enclosures.
Market Opportunities
Global renewable energy adoption is rising, which will likely lead to a number of market expansion prospects for energy enclosures during the next years. The use of renewable energy is rising, while at the same time, technological advancement is accelerating, making the present infrastructures obsolete. As a result, there is a greater need for modernization, which in turn increases demand for electrical enclosure. Consequently, these variables are offering the industry a number of prospects for expansion.
Market Restraints
Over the course of the projected period, high prices and problems with seal leakage in electric enclosures are also likely to restrain market expansion. The market for electric enclosures could be adversely impacted by worries about the quality and safety of these enclosures. Instances of electric enclosure seal leaking have been recorded all around the world. Additionally, the affordability of these enclosures influences their use in different industries. Thus, during the anticipated period, these factors are anticipated to restrain the expansion of the global electrical enclosure market.
Market Segmentation
Segmentation By Material: Global Electrical Enclosures Market is segmented by material into Metallic Enclosures and Non-Metallic Enclosures.
Segmentation By Mounting Type: Global Electrical Enclosures Market is segmented by Mounting Type into Wall-Mounted Enclosure, Free-Standing Enclosure, and Underground Electric Enclosure.
Segmentation By Industry Vertical: Global Electrical Enclosures Market is segmented by Industry Vertical into Power Generation and Distribution, Oil and gas, Metals and Mining, Medical, Pulp and Paper, Food and Beverages, Transportation, and Others
Segmentation By Region: Global Electrical Enclosures Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. According to estimates, the worldwide electrical enclosures market is dominated by the North American area. However, considering that the United States was a pioneer in industrial automation, it is projected that the growing use of industrial automation and intelligent home integration will have a significant impact on the need for electrical enclosures in this region.
Market Key Players
Various key players are discussed in this report such ittal GmbH & Co. KG, Schneider Electric, ABB, Eaton, Emerson Electric Co., Pentair., AZZ Inc., Hubbell Incorporated., Legrand., Hammond Manufacturing Ltd., Saginaw Control & Engineering, and Leviton Manufacturing Co., Inc.
Industrial Development
• Feb. 2022 - Siemens has unveiled a new sustainable EV charging concept structure that is intended for electrifying fleets and high-demand charging applications at scale in collaboration with Nexii Building Solutions. With a modular, scalable architecture, the new VersiCharge XL idea was developed to swiftly and effectively electrify parking lots and building structures, whether they are new or existing.
Market Taxonomy
By Material Type
• Metallic Enclosures
• Non-Metallic Enclosures
By Mounting Type
• Wall-Mounted Enclosure
• Free-Standing Enclosure
• Underground Electric Enclosure
By Industry Vertical
• Power Generation and Distribution
• Oil and gas
• Metals and Mining
• Medical
• Pulp and Paper
• Food and Beverages
• Transportation
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Electrical Enclosures Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Electrical Enclosures Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Electrical Enclosures Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Electrical Enclosures Market, By Material Type
5.1 Y-o-Y Growth Comparison, By Material Type
5.2 Global Automotive Brake Pad Market Share Analysis, By Material Type
5.3 Global Automotive Brake Pad Market Size and Forecast, By Material Type
5.3.1 Metallic Enclosures
5.3.2 Non-Metallic Enclosures
6 Global Electrical Enclosures Market, By Mounting Type
6.1 Y-o-Y Growth Comparison, By Mounting Type
6.2 Global Automotive Brake Pad Market Share Analysis, By Mounting Type
6.3 Global Automotive Brake Pad Market Size and Forecast, By Mounting Type
6.3.1 Wall-Mounted Enclosure
6.3.2 Free-Standing Enclosure
6.3.3 Underground Electric Enclosure
7 Global Electrical Enclosures Market, By Industry Vertical
7.1 Y-o-Y Growth Comparison, By Industry Vertical
7.2 Global Automotive Brake Pad Market Share Analysis, By Industry Vertical
7.3 Global Automotive Brake Pad Market Size and Forecast, By Industry Vertical
7.3.1 Power Generation and Distribution
7.3.2 Oil and gas
7.3.3 Metals and Mining
7.3.4 Medical
7.3.5 Pulp and Paper
7.3.6 Food and Beverages
7.3.7 Transportation
7.3.8 Others
8 Global Electrical Enclosures Market, By Region
8.1 Global Automotive Brake Pad Market Share Analysis, By Region
8.2 Global Automotive Brake Pad Market Share Analysis, By Region
8.3 Global Automotive Brake Pad Market Size and Forecast, By Region
9 North America Electrical Enclosures Market Analysis and Forecast (2023 – 2030)
9.1 Introduction
9.2 North America Automotive Brake Pad Market Share Analysis, By Material Type
9.3 North America Automotive Brake Pad Market Size and Forecast, By Mounting Type
9.4 North America Automotive Brake Pad Market Size and Forecast, By Industry Vertical
9.5 North America Automotive Brake Pad Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Electrical Enclosures Market Analysis and Forecast (2023 – 2030)
10.1 Introduction
10.2 Europe Automotive Brake Pad Market Share Analysis, By Material Type
10.3 Europe Automotive Brake Pad Market Size and Forecast, By Mounting Type
10.4 Europe Automotive Brake Pad Market Size and Forecast, By Industry Vertical
10.5 Europe Automotive Brake Pad Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Electrical Enclosures Market Analysis and Forecast (2023 – 2030)
11.1 Introduction
11.2 Asia Pacific Automotive Brake Pad Market Share Analysis, By Material Type
11.3 Asia Pacific Automotive Brake Pad Market Size and Forecast, By Mounting Type
11.4 Asia Pacific Automotive Brake Pad Market Size and Forecast, By Industry Vertical
11.5 Asia Pacific Automotive Brake Pad Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Electrical Enclosures Market Analysis and Forecast (2023 – 2030)
12.1 Introduction
12.2 Latin America Automotive Brake Pad Market Share Analysis, By Material Type
12.3 Latin America Automotive Brake Pad Market Size and Forecast, By Mounting Type
12.4 Latin America Automotive Brake Pad Market Size and Forecast, By Industry Vertical
12.5 Latin America Automotive Brake Pad Market Size and Forecast, Country
13Middle East Electrical Enclosures Market Analysis and Forecast (2023 – 2030)
13.1 Introduction
13.2 Middle East Automotive Brake Pad Market Share Analysis, By Material Type
13.3 Middle East Automotive Brake Pad Market Size and Forecast, By Mounting Type
13.4 Middle East Automotive Brake Pad Market Size and Forecast, By Industry Vertical
13.5 Middle East Automotive Brake Pad Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 ittal GmbH & Co. KG
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Schneider Electric
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 ABB
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Eaton
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Emerson Electric Co.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Pentair.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 AZZ Inc.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Hubbell Incorporated
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Legrand
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies