Global Electrical Enclosures Market Projected To Augment At A  (CAGR) of 6.3% during the forecast period 2024-2032

According to Zion Market Research, the global electric enclosure market is expected to witness a stable growth in the coming few years owing to the revival in the oil & gas industry and the surging requirement for hygienic enclosures valves into the food & beverage industry. global Electrical Enclosure Market was worth USD 7.13 Billion in 2023. The market is forecast to reach USD 13.16 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period 2024-2032. An electrical enclosure is a filing cabinet that contains different electronic and electrical components. It is designed for protecting the user from electrical shock. The electrical enclosures are planned to be functional in addition to provide aesthetic value.

Some of the key players in the market are Schneider, Rittal, Emerson, Pentair, Hammond, Eaton, Adalet, Fibox, AZZ, ABB, and Legrand.

Rise In Demand For Energy & Electricity Globally To Boost The Global Electrical Enclosures Market

The increasing demand for energy & electricity is a key driving factor in the global electrical enclosures market. China is expected to be a profitable market owing to the fast industrialization in this country. The development of the electrical enclosures market in emerged nations in North America and Europe is anticipated to be moderate and driven by the set up of power stations operating on sustainable sources of energy like wind and solar energy. The requirement for upgrading the power infrastructure in budding countries is expected to boost the market for electrical enclosures in the future. Indonesia, India, and Nigeria are anticipated to invest considerably in the utility segment in the next decade since many parts of these nations do not have access to consistent sources of electricity.

The global electric enclosure market is bifurcated on the basis of mounting type, form factor, material type, industry vertical and regional analysis. Based on the material type, the market is divided into metallic and nonmetallic. The metallic segment is subdivided into mild steel, aluminum, stainless steel, and others. The nonmetallic segment is subdivided into polycarbonate, fiberglass, PVC, and polyester. Based on the mounting type, the market is divided into floor-mounted/free-standing enclosure, wall-mounted enclosure, and underground. Based on the form factor, the market is divided into compact enclosure, small enclosure, and free-size enclosure. Based on the industry vertical, the market is divided into oil & gas, power generation & distribution, medical, metals & mining, food & beverages, pulp & paper, transportation, and others.

Growing Electricity Consumption In Asia Pacific Region To Spur The Global Electrical Enclosure Market

Based on the geographical analysis, the global electrical enclosure market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The electricity consumption in the Asia Pacific region has surged at a noteworthy rate, driven by increasing population, growth in industrial production & mining, rapid urbanization, and advanced extension of access to contemporary electricity to large sectors of the rural population. Emerging countries in the Asia Pacific region are looking to reform their electricity industry, enhance competitiveness & efficiency, advance new generation technologies, mobilize more funds to propel electricity supplies and develop reliability.

Browse the full “Electrical Enclosure Market - By Material Type (Metallic and Nonmetallic), By Mounting Type (Floor-Mounted/Free-Standing Enclosure, Wall-Mounted Enclosure, and Underground), By Form Factor (Compact Enclosure, Small Enclosure, and Free-Size Enclosure), By Industry Vertical (Oil & Gas, Power Generation & Distribution, Medical, Metals & Mining, Food & Beverages, Pulp & Paper, Transportation, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/electrical-enclosure-market

The global electrical enclosure market is segmented as follows:

By material type:

• Metallic
  • Stainless steel
  • Aluminum
  • Mild Steel
  • Others
• Nonmetallic
  • PVC
  • Fiberglass
  • Polycarbonate
  • Polyester

By mounting type:

• Floor-mounted/Free-standing enclosure
• Wall-mounted enclosure
• Underground

By form factor:

• Free-size enclosure
• Small enclosure
• Compact enclosure

By industry vertical:

• Metals & mining
• Power generation & distribution
• Oil & gas
• Food & beverages
• Medical
• Pulp & paper
• Transportation
• Others

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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