Electric Enclosure Market Report: Trends, Forecast and Competitive Analysis

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.

A more than 150-page report is developed to help in your business decisions. To learn the scope, benefits, companies researched and other details of the global electric enclosure market report.

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?