Global Electrical Enclosures Strategic Business Report 2023: Safety Emerges as a Prime Factor Fueling Adoption of Electrical Enclosures in Industrial Facilities


Dublin, June 08, 2023 (GLOBE NEWSWIRE) -- The "Electrical Enclosures: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Electrical Enclosures estimated at US$6.1 Billion in the year 2022, is projected to reach a revised size of US$9.6 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030.

Metallic, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Non-Metallic segment is readjusted to a revised 6.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 8.9% CAGR

The Electrical Enclosures market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Select Competitors (Total 94 Featured) -

  • ABB Limited
  • Adalet
  • Allied Moulded Products, Inc.
  • Atlas Precision Sheet Metal Solutions
  • Attabox LLC
  • APX Enclosures, Inc.
  • Austin Electrical Enclosures
  • AZZ, Inc.
  • B&R Enclosures Pty. Ltd.
  • Eaton Corporation
  • Emerson Electric Co.
  • Fibox Oy AB
  • Hammond Manufacturing Ltd.
  • Hubbell Inc.
  • Legrand
  • nVent Electric plc
  • Rittal GmbH & Co. KG
  • Saginaw Control and Engineering
  • Schneider Electric SE

Key Attributes:

Report AttributeDetails
No. of Pages635
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$6.1 Billion
Forecasted Market Value (USD) by 2030$9.6 Billion
Compound Annual Growth Rate5.8%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic Severely Disrupts Demand for Electrical Equipment and Products
  • An Introduction to Electrical Enclosures
  • Parameters Determining Use of Electrical Enclosure
  • Global Market Prospects & Outlook
  • Non-Metallic Enclosures: The Largest Segment
  • Power Generation & Distribution: The Major End-Use Market
  • Developing Regions Present Promising Growth Outlook
  • Electrical Enclosures - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Competition
  • Electrical Enclosure Competitor Market Share Scenario Worldwide (in %): 2020E
  • Wall Mounted Electric Enclosures Global Competitor Market Share Positioning for 2020E
  • Floor Mounted Electric Enclosures Market Share Breakdown of Key Players: 2020E
  • World Brands
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rising Electricity Demand, Expanding Power Infrastructure and Focus on Safety of Electrical Equipment: Factors Driving Demand for Electrical Enclosures
  • Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Global Electricity Generation in Billion kWh by Fuel Type for the Years 2010, 2020, 2030, 2040 and 2050
  • Electricity Consumption in Trillion kWh by Region for the Years 2010, 2012, 2014, 2016 and 2018
  • China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50
  • Pandemic's Impact on Utilities Affects Demand for Enclosures
  • COVID-19 Impacts Electricity Consumption: Average Annual Growth Rate of Electricity Demand by Select Region/Country for 2001-06, 2006-10, 2011-15 and 2020
  • Focus on Increasing Renewable Energy Contribution to Global Energy Mix Augurs Well for Electrical Enclosures Market
  • Global Energy Mix: 1990 Vs 2020 Vs 2030
  • Global Renewable Energy Breakdown by Type: 2010 Vs 2030
  • Global Energy Production: Breakdown of Electricity (Billion Kilowatt Hours) and Percentage Share by Energy Source (2030 & 2040)
  • Non-Metallic Enclosures: Ideal for Use in Renewable Energy Applications
  • Growing Pressure on Power Grids, Aging Infrastructure and Need to Expand Power T&D Infrastructure to Propel Electrical Enclosures Market
  • Global Investments into Power Transmission & Distribution Infrastructure (in US$ Billion) for 2010, 2015, 2020, 2030 & 2040
  • Global Investments into Power T&D Infrastructure by Region (in %) for 2020 and 2040
  • With Smart Grid Implementations Gaining Traction, Opportunities in Store for Electrical Enclosures Market
  • Global Market for Smart Grids (in US$ Billion) for the Years 2020E
  • Enclosure Standards for Electrical Industry: Essential to Ensure Safety of Equipment
  • UL Releases New FTTA2/FTTA8 Recognition Certification for Enclosures in the US and Canada
  • Sample Testing & Evaluation
  • Simplifying Certification Process
  • Securing FTTA2/FTTA8 Recognition
  • Safety Emerges as a Prime Factor Fueling Adoption of Electrical Enclosures in Industrial Facilities
  • Explosion-Proof Enclosures Vital for Industrial Settings
  • Oil & Gas Industry: Hazardous Conditions Propel Need for Explosion-Proof Enclosures
  • Sustained Reliance on Fossil Fuels and Ensuing Demand for Oil Bodes Well for Market Expansion: Global Energy Demand & Growth (In Million Tonnes of Oil Equivalent (Mtoe)) for the Years 1990, 2000, 2010, 2020, 2030 and 2040
  • Oil and Gas Industry Confronts Challenging Times Amidst COVID-19 Outbreak, Affecting Demand for Electrical Equipment
  • Global Oil & Gas E&P Industry Spending (in US$ Billion) for 2015-2021E
  • Rising Importance of Electrical Enclosures for Agricultural Farming Sector
  • NEMA Ratings for Electrical Enclosures
  • Mounting Types for Agricultural Electrical Enclosures
  • Protecting Electronic Devices: Focus on Developing Rugged and Waterproof Enclosures
  • Food & Beverage Industry Gives Rise to Demand for Hygienic Enclosures
  • Mining Industry: Focus on Non-Metallic Enclosures
  • Electrical Enclosures for Transportation Sector: Promising Growth in Store
  • Rising Adoption of Intelligent Transport Systems to Support Market Demand
  • Shift towards Industry 4.0 and IIoT Presents Demand Potential for Electrical Enclosures in IIoT and Smart Sensor Applications
  • Outdoor Electrical Enclosures: Need to Protect Electrical Equipment Drives Market
  • Metal, Thermoplastic and Fiberglass: The Primary Materials for Electrical Enclosures
  • Plastic Enclosures Vs Steel Enclosures
  • Thermoset Plastics Find Growing Role in Electrical Enclosures
  • Fiberglass Electrical Enclosures: High Significance in Corrosive Applications
  • Fiberglass Enclosures Vs. Polycarbonate Enclosures: A Review
  • Flexibility and Reduced Footprint Drive Demand for Modular Design Enclosures
  • Best Materials for Modular Electrical Cabinets
  • Choice of Manufacturing Method: An Important Factor for Enclosures Market
  • Efficient Thermal Management: A Key Requirement for Electrical Enclosures
  • NEMA Enclosures: The Industry Standard for Electrical Manufacturers
  • A Review of Various NEMA Ratings for Enclosures
  • NEMA 3R Enclosures Hold an Edge for Outdoor Applications
  • NEMA 3R Enclosures Not Suitable for Outdoor Applications that are Hazardous
  • Innovations & Advancements Boost Market Prospects
  • Growing Need to Protect Electrical Enclosures against Temperature Changes

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/tcgykx

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Global Market for Electrical Enclosures

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