Electrical Enclosures Market Analysis Segmented By Application (Power generation & distribution, Oil & gas, Metals & mining, Medical, Pulp & paper, Food & beverages, Transportation, Others), By Type (Wall-mounted enclosure, Floor-mounted/Free-standing enclosure, Underground), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity 2023-2030
Market Overview
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 Market Research Update provides a detailed report study and highlights market share and size, and regional changing trends, production value prediction, new prospects for Electrical Enclosures market development rate. This study report offers a current scenario of the market. The report also comprises several market dynamics.
Global Electrical Enclosures market size will increase to Million US$ by 2030, from Million US$ in 2020, at a CAGR of during the forecast period. In this study, 2022 has been considered as the base year and 2022 to 2030 as the forecast period to estimate the market size for Electrical Enclosures.
Electrical Enclosures Market Report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. This report also provides a balanced and detailed analysis of the on-going Electrical Enclosures trends, opportunities-high growth areas, Electrical Enclosures market drivers which would help the investors to devise and align their market strategies according to the current and future market dynamics.
The Electrical Enclosures is projected to rise moderately in the projected time frame of 2023-2030.
Global Electrical Enclosures Market: Competitive Landscape
Major companies in the market include : 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.
Global Electrical Enclosures Market Key Segments:
On the Basis of Type:
Wall-mounted enclosure
Floor-mounted/Free-standing enclosure
Underground
On the Basis of Application:
Power generation & distribution
Oil & gas
Metals & mining
Medical
Pulp & paper
Food & beverages
Transportation
Others
Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The sample pages for this report are readily available on demand.
Along with the market overview, which comprises of the market dynamics includes Porter\'s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Global Electrical Enclosures Market Size. It explains various participants such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Global Electrical Enclosures Market Size.
This report provides an all-inclusive environment of the analysis for the Global Electrical Enclosures Market Size. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Global Electrical Enclosures Market Size growth.
Objectives of Research study:
- To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
- The overview of the global Electrical Enclosures market
- The report comprised of the market companies, to describe and define and analyze the Electrical Enclosures market value, share competition landscape, development plans, and SWOT analysis.
- The report also involves the structure of the industry by identifying its several sub-segments.
The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase the market growth.
Key Questions Answered in This Report:
- How has the global Electrical Enclosures market performed so far and how will it perform in the coming years?
- What are the key driving factors and challenges in the global Electrical Enclosures market?
- What is the breakup of the global Electrical Enclosures market on the basis of product type?
- What is the breakup of the global Electrical Enclosures market on the basis of application?
- What are the key regional markets in the global Electrical Enclosures industry?
- What is the structure of the global Electrical Enclosures market and who are the key players?
- What has been the impact of COVID-19 on the global Electrical Enclosures market?
- What are the various stages of growth strategies of the global Electrical Enclosures market?
- What is the degree of competition in the global Electrical Enclosures market?
- How are Electrical Enclosures manufactured?
Electrical Enclosures Market – Overview
1.1 Definitions, Overview, and Scope
1.2 Drivers, Restrain, Challenges, Opportunities
Electrical Enclosures Market – Executive Summary
2.1 Market Revenue and Major Trends, and Challenges
Electrical Enclosures Market – Comparative Analysis
3.1 Product Benchmarking
3.2 Financial Overview
3.3 Market Cost Divided
3.4 Estimating Examination
Electrical Enclosures Market – Industry Market Entry Scenario
4.1 Governing Outline Summary
4.2 New Business index
4.3 Case Studies of Positive Schemes
Electrical Enclosures Market Forces
5.1 Market Drivers
5.2 Market Restrains
5.3 Market New Opportunities
5.4 Market Challenges
5.4 Porters five force model
Electrical Enclosures Market – Strategic Complete Overview
6.1 Value Chain Analysis
6.2 Market Opportunities Analysis
6.3 Market Challenges Analysis
6.4 Market Life Cycle
Electrical Enclosures Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 The Middle East and Africa
7.5 Rest of the World
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