Electrical Enclosure Market Size, Share Report, Analysis, Trends, Growth 2032

Electrical Enclosure Market Insights

According to Zion Market Research, the 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.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Electrical Enclosure industry over the next decade.

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Introduction

An electrical enclosure is a box or cabinet for electric device that offers protection to electric or electronic device against electric shock. It protects electric devices used in various construction, utility, and industrial applications. Apart from this, the electric enclosure also protects the electric instrument from radio frequency interference, heat ejection, and electromagnetic waves. It is a component of electric instrument that helps in mounting switches, displays, and knobs, thereby avoiding electric shocks to the device users along with protecting the equipment from the adverse environmental conditions.  It is also used to provide aesthetic appeal to the electric device.

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Market Growth Drivers

Growing product penetration across various sectors is credited to its massive use in circuit breakers, switches, contractors, and control panels in order to protect users from getting electrocuted. Furthermore, massive requirement for renovating power infrastructure across the developing nations will leverage the expansion of electrical enclosures industry over the forthcoming years.  Escalating product demand in oil & gas, pulp & paper, food & beverages, power generation & distribution, metals & mining, medical, and transport sectors will upswing business trends. Humongous need for power supply will create new growth opportunities for electrical enclosure market over the forthcoming years. 

Furthermore, surge in the number of commercial as well as residential construction activities will fuel the market growth over the ensuing years. Surge in the industrial activities as well as mining activities and access of power supply to rural & remote areas will carve a profitable growth trajectory for the market in the years to come. Introduction of new power generating techniques and allocation of funds for ensuring that the power supply facilities reach the nook & corner of world will expand the business scope over the next couple of years. Demand for renewable or sustainable energy will further enhance the business sphere.

Electrical Enclosure Market: Report Scope

Asia Pacific Market To Experience Humongous Surge Over 2024-2032

The growth of the market in the Asia Pacific zone during the forecast timeline is owing to huge funding of power generating & distributing sectors in the countries like India and China. In addition to this, huge demand for power supply across commercial as well as residential sectors will steer the business expansion in the region over the forecast timeline.  

Key players profiled in the report include -

• Eaton
• AZZ
• ABB
• Schneider
• Emerson
• Rittal
• Pentair
• Fibox
• Hammond
• Adalet
• Legrand.

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