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Electric Enclosure Market Trends and Forecast
The future of the global electric enclosure market looks promising with opportunities in the power generation & distribution, oil & gas, metals & mining, medical, pulp & paper, food & beverages, and transportation markets. The global electric enclosure market is expected to reach an estimated $12.4 billion by 2028 with a CAGR of 6.8% from 2023 to 2028. The major drivers for this market are increasing spending on industrial automation and infrastructural development, rising demand for smart grids and renewable energy systems, and strict industry-wide safety requirements and regulations.
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Electric Enclosure Market by Segment
The study includes a forecast for the global electric enclosure market by material type, mounting type, form factor, end use industry, and region
Electric Enclosure Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:
• Metallic
• Non-Metallic
Electric Enclosure Market by Mounting Type [Shipment Analysis by Value from 2018 to 2030]:
• Wall-Mounted Enclosure
• Floor-Mounted/Free-Standing Enclosure
• Underground
Electric Enclosure Market by Form Factor [Shipment Analysis by Value from 2018 to 2030]:
• Small Enclosure
• Compact Enclosure
• Free-Size Enclosure
Electric Enclosure Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Power Generation & Distribution
• Oil & Gas
• Metals & Mining
• Medical
• Pulp & Paper
• Food & Beverages
• Transportation
Electric Enclosure Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
• Asia Pacific
• The Rest of the World
List of Electric Enclosure Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies power electronics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the power electronics companies profiled in this report include-
• Rittal
• Schneider
• Pentair
• Emerson
• Eaton
• Hammond
• Fibox
• Adalet
• ABB
• AZZ
Electric Enclosure Market Insights
Lucintel forecast that non-metallic is expected to witness highest growth over the forecast period.
Within this market, power generation & distribution will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Electric Enclosure Market
Market Size Estimates: Electric enclosure market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electric enclosure market size by various segments, such as by material type, mounting type, form factor, end use industry, and region in terms of value ($B).
Regional Analysis: Electric enclosure market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different material type, mounting type, form factor, end use industry, and regions for the electric enclosure market
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric enclosure market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the electric enclosure market size?
Answer: The global electric enclosure market is expected to reach an estimated $12.4 billion by 2030.
Q.2 What is the growth forecast for electric enclosure market?
Answer: The global electric enclosure market is expected to grow with a CAGR of 6.8% from 2024 to 2030
Q.3 What are the major drivers influencing the growth of the electric enclosure market?
Answer: The major drivers for this market are increasing spending on industrial automation and infrastructural development, rising demand for smart grids and renewable energy systems, and strict industry-wide safety requirements and regulations.
Q4. What are the major segments for electric enclosure market?
Answer: The future of the electric enclosure market looks promising with opportunities in the power generation & distribution, oil & gas, metals & mining, medical, pulp & paper, food & beverages, and transportation markets.
Q5. Who are the key electric enclosure market companies?
Answer: Some of the key electric enclosure market companies are as follows:
• Rittal
• Schneider
• Pentair
• Emerson
• Eaton
• Hammond
• Fibox
• Adalet
• ABB
• AZZ
Q6. Which electric enclosure market segment will be the largest in future?
Answer: Lucintel forecast that non-metallic is expected to witness highest growth over the forecast period.
Q7. In electric enclosure market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electric enclosure market by material type (metallic and non-metallic) , mounting type (wall-mounted enclosure, floor-mounted/free-standing enclosure, and underground), form factor (small enclosure, compact enclosure, and free-size enclosure), end use industry (power generation & distribution, oil & gas,metals & mining, medical, pulp & paper, food & beverages, and transportation), and region (North America, Europe, Asia Pacific, and the Rest of the World)??
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to electric enclosure market or related to electric enclosure companies, electric enclosure market size, electric enclosure market share, electric enclosure market growth, electric enclosure market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Electric Enclosure Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Electric Enclosure Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Electric Enclosure Market by Material Type
3.3.1: Metallic
3.3.2: non-metallic
3.4: Global Electric Enclosure Market by Mounting Type
3.4.1: Wall-mounted enclosure
3.4.2: Floor-mounted/Free-standing enclosure
3.4.3: Underground
3.5: Global Electric Enclosure Market by Form Factor
3.5.1: Small enclosure
3.5.2: Compact enclosure
3.5.3: Free-size enclosure
3.6: Global Electric Enclosure Market by end use industry
3.6.1: Power generation & distribution
3.6.2: Oil & gas
3.6.3: Metals & mining
3.6.4: Medical
3.6.5: Pulp & paper
3.6.6: Food & beverages
3.6.7: Transportation
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Electric Enclosure Market by Region
4.2: North American Electric Enclosure Market
4.2.1: North American Electric Enclosure Market by Material Type : Metallic and Non-Metallic
4.2.2: North American Electric Enclosure Market by End Use Industry: Power Generation & Distribution, Oil & Gas, Metals & Mining, Medical, Pulp & Paper, Food & Beverages, and Transportation
4.3: European Electric Enclosure Market
4.3.1: European Electric Enclosure Market by Material Type : Metallic and Non-Metallic
4.3.2: European Electric Enclosure Market by End Use Industry: Power Generation & Distribution, Oil & Gas, Metals & Mining, Medical, Pulp & Paper, Food & Beverages, and Transportation
4.4: APAC Electric Enclosure Market
4.4.1: APAC Electric Enclosure Market by Material Type : Metallic and Non-Metallic
4.4.2: APAC Electric Enclosure Market by End Use Industry: Power Generation & Distribution, Oil & Gas, Metals & Mining, Medical, Pulp & Paper, Food & Beverages, and Transportation
4.5: ROW Electric Enclosure Market
4.5.1: ROW Electric Enclosure Market by Material Type : Metallic and Non-Metallic
4.5.2: ROW Electric Enclosure Market by End Use Industry: Power Generation & Distribution, Oil & Gas, Metals & Mining, Medical, Pulp & Paper, Food & Beverages, and Transportation
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Electric Enclosure Market by Material Type
6.1.2: Growth Opportunities for the Global Electric Enclosure Market by Mounting Type
6.1.3: Growth Opportunities for the Global Electric Enclosure Market by Form Factor
6.1.4: Growth Opportunities for the Global Electric Enclosure Market by end use industry
6.1.5: Growth Opportunities for the Global Electric Enclosure Market Region
6.2: Emerging Trends in the Global Electric Enclosure Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Electric Enclosure Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Electric Enclosure Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Rittal
7.2: Schneider
7.3: Pentair
7.4: Emerson
7.5: Eaton
7.6: Hammond
7.7: Fibox
7.8: Adalet
7.9: ABB
7.10: AZZ
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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