Electrical Enclosures Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Electrical Enclosures market including various factors related to and dependent influencing the market growth.
Electrical enclosures protect electrical equipment such as power generators, transformers, and various telecommunication devices and contain electrical components such as knobs, switches, and displays. They are available in various sizes; although broadly, those used for industrial applications are larger than those used in residential areas. This market can be segmented into two groups: enclosures used in the power generation process and those used for transmission & distribution (T&D). This market can also be segmented by the type of material used to manufacture the enclosure into the following categories: plastics, plastic composites, metals, and metal alloys. Plastics typically used for electrical enclosures include acrylonitrile butadiene styrene (ABS), polycarbonate, and styrenic polymers, which can also be reinforced with glass or carbon fibers to increase their mechanical and temperature resistance. PVC was commonly employed for this purpose but its usage has been discouraged as it does not meet modern standards. Among metals and alloys, stainless steel, carbon steel, and aluminum find wide usage. Metal enclosures are sturdier, durable, and offer better protection to environmental elements but are also costlier and difficult to mold compared to plastic enclosures.
Increasing demand for energy and electricity is driving the global electrical enclosures market. China is likely to be a lucrative market due to the rapid industrialization in this country. Expansion of the electrical enclosures market in developed countries in Europe & North America is projected to be moderate (as power infrastructure is already well-developed in these regions) and driven by the installation of power stations running on renewable sources of energy such as solar and wind energy. The need to upgrade the power infrastructure in emerging countries is likely to propel the market for electrical enclosures in the near future. India, Indonesia, and Nigeria are estimated to invest substantially in the utilities sector in the next decade as several parts in these countries do not have access to reliable sources of electricity. The use of better quality materials to manufacture electrical enclosures is also anticipated to become prevalent in these countries with low-cost materials such as PVC expected to be phased out. Demand for good quality electrical enclosures is high in the oil & gas industry. Other major end-users of this market include the power generation, water & wastewater, and mining industries.
The Electrical Enclosures market was valued at 5840 Million US$ in 2020 and is projected to reach 8890 Million US$ by 2030, at a CAGR of 5.4% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Electrical Enclosures.
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Electrical Enclosures market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Electrical Enclosures market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Electrical Enclosures market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Electrical Enclosures Market:
The major competitors working in the market are:
, Adalet, Allied Moulded Products Inc., Apx Enclosures Inc., Atlas Manufacturing, Attabox, Austin Electrical Enclosures, B&R Enclosures, Bartakke Electrofab Pvt. Ltd., Bison Profab, Bud Industries, Durham Co., Eaton Corp. Plc, Eldon Holding AB, Emerson Electric Co, Ensto Group, Fibox Oy AB, Gaurang Electronic Industries, GE Industrial Solutions, Hammond Manufacturing, Hubbell Inc., Integra Enclosures, Milbank Manufacturing Co., Penn Panel And Box Co.
Market by Order Type
Wall-mounted enclosure
Floor-mounted/Free-standing enclosure
Underground
Electrical Enclosures Data by Application
Power generation & distribution
Oil & gas
Metals & mining
Medical
Pulp & paper
Food & beverages
Transportation
Others
Electrical Enclosures Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the Electrical Enclosures market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Electrical Enclosures Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the Electrical Enclosures market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the Electrical Enclosures market size and their forecasts
- To provide strategic profiles of the key players operating in the Electrical Enclosures market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the Electrical Enclosures market
Target Audiences for Electrical Enclosures Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
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