PUBLISHER: Allied Market Research | PRODUCT CODE: 1266417
PUBLISHER: Allied Market Research | PRODUCT CODE: 1266417
The global fixed switch cabinet market was valued at $2,035.3 million in 2021, and is projected to reach $3,200.6 million by 2031, registering a CAGR of 4.86% from 2022 to 2031.
Switch cabinets consist of the cabinet housing and door and the interior components, which generally take the form of drawer units or are mounted on a panel. Acceptance of industrial and factory automation allows for the development of additional mechanical, electromechanical, and solid-state devices, components, and controls that need to be enclosed for safety and aesthetic purposes, driving market growth. As a result, several nations throughout the world have established severe safety laws, which is considerably driving the growth of the electrical enclosures market. For example, in August 2022, the construction safety alliance of maine, safety works, and the workplace safety and health division of the maine department of labor joined forces together to promote workplace safety and health and educate construction employers and workers in the state about safety and health risks. In August 2021, ABB electrified India with a smart, safe, and sustainable range of switches when it launched the Millenium and Zenit ranges. With an increasing number of megacities evolving in India, the demand for space-saving electrical solutions such as easy-to-install contemporary switches is rising. ABB's Millenium and Zenit switch ranges are ISI-marked, offering control, functionality, and comfort to customers in smart buildings and premises that can be easily upgraded with the latest smart home automation solutions.
The fixed switch cabinet market is segmented on the basis of application, and region. The application segment is classified into infrastructure and utilities, energy, and industrial.
Region wise, the fixed switch cabinet market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the fixed switch cabinet market include: Belden Inc., ABB Ltd., Coslight Group Harbin Switch Co., Ltd, StarTech.com Ltd., Minimax, TEWE Elektronic, Cannon Technologies Ltd, NUM AG, Huimu Ltd., Clipsal (Schneider Electric).