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Electric Enclosure Market

Published Date : Jun 2024 | Forecast Year : 2019

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Electric Enclosure Market Size, Share, Industry Trends Segmentation Analysis by Type (Metal Enclosures, Non-Metallic Enclosures, Modular Enclosures) by Application (Telecommunications, Energy and Power Generation, IT and Data Centers, Transportation and Infrastructure) Growth, Demand, Regional Outlook, and Forecast 2024-2032

Report ID: AG947

Published : Jun 2024

Pages : 157

Format : Electric Enclosure Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 25.87 billion
MARKET SIZE (2023)USD 13.50 billion
CAGR (2023-2029)8.12%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEMetal Enclosures
Non-Metallic Enclosures
Modular Enclosures
BY APPLICATIONTelecommunications
Energy and Power Generation
IT and Data Centers
Transportation and Infrastructure
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSRittal GmbH & Co. KG, Schneider Electric SE, Eaton Corporation, Emerson Electric Co., Legrand S.A., Hoffman (Pentair), ABB Ltd., Siemens AG, Hubbell Incorporated, Eldon Holding AB, Fibox Oy Ab, Adalet, Hammond Manufacturing Company Limited, nVent Electric plc, B&R Enclosures.

Introduction: - 

An electric enclosure, also known as an electrical cabinet, is a protective housing designed to safeguard electrical components from environmental factors and accidental contact. Typically constructed from durable materials like metal or non-metallic substances, these enclosures shield components such as switches, circuit breakers, and wiring from dust, moisture, chemicals, and physical impact. They play a critical role in maintaining the integrity and safety of electrical systems by preventing potential hazards like electrical shock and short circuits. Enclosures are essential in various industries including manufacturing, telecommunications, and automation, where they ensure the reliable operation of equipment in diverse environmental conditions. Compliance with industry standards ensures that electric enclosures meet specific safety and performance criteria, making them integral to the efficient functioning of electrical infrastructure and systems worldwide.

The global Electric Enclosure Market value was 13.50 billion in 2023, it is Forecasted to Hit 25.87 billion 2032 with CAGR of 8.12%

Electric Enclosure Market

Size, by Product, - (USD Billion)

Metal Enclosures

Non-Metallic Enclosures

Modular Enclosures

Others

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

8.12%

The Forecast Market

Size for in USD:

$ 25.87 billionB

b0d51e3055fd6f23ff6a384a6e091406.svg

Market Dynamics: - 

Dynamics are mainly driven by growth in sectors such as industrial automation, telecommunications, energy and infrastructure development. Technological advances, particularly in electronics and electrical systems, are constantly advancing enclosure design to meet evolving industry standards and customer requirements.

Market Dynamics are driven by factors such as increased focus on safety regulations, increase in investment in renewable energy projects and expansion of smart grid infrastructure. Additionally, the need to protect sensitive electronic components from environmental hazards such as dust, moisture and electromagnetic interference further increases the demand for electronic enclosures.

Market competitive dynamics are shaped by factors such as pricing strategies, product differentiation and geographic expansion of major players. The market is also responding to trends in customization and modular design for different applications and scalability requirements. Overall, market dynamics reflect a balance between technological innovation, regulatory compliance and changing customer needs in the switchboard sector.

Competitive Landscape: -

  • Rittal GmbH & Co. KG
  • Schneider Electric SE
  • Eaton Corporation
  • Emerson Electric Co.
  • Legrand S.A.
  • Hoffman (Pentair)
  • ABB Ltd.
  • Siemens AG
  • Hubbell Incorporated
  • Eldon Holding AB
  • Fibox Oy Ab
  • Adalet
  • Hammond Manufacturing Company Limited
  • nVent Electric plc
  • B&R Enclosures

    Electric Enclosure Market

    Share, by end user, (USD Billion)

    Analytica Global 13.50 billion%

    Telecommunications

    Energy and Power Generation

    IT and Data Centers

    Transportation and Infrastructure

    Other End-Users

    b0d51e3055fd6f23ff6a384a6e091406.svg

    25.87 billion

    Total Market Size

    USD (Billion),

    8.12%

    CAGR

    -

Growth drivers: - 

Industrial Automation and IoT: Growth of industrial automation and IoT applications in the manufacturing, automotive and logistics sectors is increasing the demand for robust and versatile switchboards. These enclosures protect sensitive electronic components and control systems from harsh industrial environments and facilitate seamless integration with automation and IoT platforms.

Expansion of Renewable Energy Infrastructure: The global transition to renewable energy sources such as solar and wind requires electrical components to be installed externally. Electrical panels play a vital role in protecting inverters, batteries and monitoring systems from weather and environmental factors. The growth of this industry increases the demand for special enclosures designed to withstand outdoor conditions.

Market Segmentation: -

Types of Electric Enclosures:

  • Metal Enclosures
  • Non-Metallic Enclosures
  • Modular Enclosures

Applications of Electric Enclosures:

  • Industrial Automation
  • Telecommunications
  • Energy and Power Generation
  • IT and Data Centers
  • Transportation and Infrastructure

Regional Segmentation:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

    Electric Enclosure Market

    Size, by Product, - (USD Billion)

    NORTH AMERICA $ 21

    The Market will Grow

    At the CAGR of:

    8.12%

    The Forecast Market

    Size for in USD:

    $ 25.87 billionB

    b0d51e3055fd6f23ff6a384a6e091406.svg

Porter’s Analysis: -

Porter's five forces framework provides a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. This section evaluates the different external factors that will impact competitive position over the coming years. This will be analyzed through 5 main factors such as:

Threat of New Entrants:

Low to Moderate: The switchboard industry requires significant initial investment in manufacturing capacity, distribution networks and compliance with industry standards. Current companies benefit from economies of scale and brand recognition, which creates barriers to entry for new competitors. However, innovative technologies and tight markets can attract new entrants.

Bargaining power of suppliers:

Moderate: Bargaining power of suppliers of raw materials such as metals (steel, aluminum) and plastics (polycarbonate, fiberglass) is moderate. Availability of raw materials, economies of scale and switching costs of producers are the main factors affecting supplier capacity. Fluctuations in raw material prices can affect profitability and industry pricing strategies.

Bargaining Power of Buyers:

Moderate to High: Buyers in the switchboard industry, including industrial manufacturers, telecommunications companies and infrastructure developers, often have moderate to high bargaining power. They can negotiate price, quality and delivery terms based on their purchase volumes and the availability of alternative suppliers. The customer loyalty and differentiation strategies of manufacturers can moderate purchasing power to some extent.

Threat of substitute products or services:

Low: The threat of substitute products in the switch industry is generally low. Enclosures are necessary to protect electrical components from environmental hazards and to ensure compliance with safety standards. Although there are alternative materials and housings (such as non-metallic or metallic), replacement products do not offer the same level of protection or customization as traditional electrical boxes.

Industry Competition:

High: The switch industry is characterized by intense competition among key players. Factors affecting competition include price competition, technological developments, product differentiation and geographic expansion strategies. Market consolidation, mergers and acquisitions also affect competitive dynamics as companies strive to innovate and respond to changing customer demands.

Market Challenges: -

Skills shortages and labor issues: The switchgear industry requires skilled labor to perform planning, design, manufacturing and quality assurance tasks. A shortage of skilled workers, especially in specialized fields such as metalworking and electrical engineering, can hinder productivity and innovation.

Slow rate of adoption in traditional industries: Industries that traditionally rely on legacy systems and manual processes may experience slower adoption of new enclosure technologies and smart solutions. Convincing conservative industries to upgrade or replace existing enclosures with improved alternatives requires training, demonstrating return on investment and overcoming resistance to change.

Electric Enclosure Market TO (USD BN)

Electric Enclosure Market

CAGR OF

8.12%

Electric Enclosure Market

b0d51e3055fd6f23ff6a384a6e091406.svg
Analytica Global 25.87 billion%

Market opportunity: -

Telecommunications and 5G deployment: The deployment of 5G technology and the expansion of telecommunications networks worldwide require robust enclosure solutions to protect network equipment, optical distribution equipment and external communication infrastructures. Electrical panels ensure the reliability and safety of critical communications systems by protecting sensitive electronics from environmental hazards and unauthorized use. With the constant evolution towards higher bandwidths and increased connectivity, there is a constant demand for enclosures that support the latest telecommunications technology and provide scalability for future expansions.

Smart cities and infrastructure development: The concept of smart cities relies heavily on interconnected IoT devices and sensors deployed in urban infrastructure to improve efficiency and sustainability. Electrical boxes are necessary to protect these IoT devices and communication nodes from external elements and vandalism. The trend of smart city initiatives opens up opportunities for manufacturers to develop smart enclosures equipped with monitoring and remote-control functions. These enclosures support infrastructure for smart lighting, traffic management, environmental monitoring and other urban applications.

Recent development: -

Development of smart enclosure technologies, integration of IoT functions for remote monitoring and management. Manufacturers also focus on durable materials and designs that meet environmental standards. In addition, there is a trend towards modular and customizable housing solutions that effectively serve various industrial applications and customer needs. The purpose of these developments is to improve the functionality, flexibility and efficiency of the protection of electrical components in various sectors.

Frequently Asked Question (FAQ): -

1. How big is the Electric Enclosure Market?

ANS: The Electric Enclosure Market size is Forecasted to Hit 25.87 billion 2032 with CAGR of 8.12%

2. Who are the key players in Electric Enclosure Market?

ANS: Rittal GmbH & Co. KG, Schneider Electric SE, Eaton Corporation, Emerson Electric Co., Legrand S.A., Hoffman (Pentair), ABB Ltd., Siemens AG, Hubbell Incorporated, Eldon Holding AB, Fibox Oy Ab, Adalet, Hammond Manufacturing Company Limited, nVent Electric plc, B&R Enclosures

3. Which is the fastest growing region in Electric Enclosure Market?

ANS: North America is estimated to grow at the highest CAGR over the forecast period 

Electric Enclosure Market - Global Outlook & Forecast 2024-2029

Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

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