New York, United States, Aug. 09, 2023 (GLOBE NEWSWIRE) -- An electrical box, also known as a junction box or electrical enclosure, is a container used to house and protect electrical connections, wires, and components. It is an essential part of electrical installations as it helps ensure safety, organization, and compliance with electrical codes.
The growth of the electrical boxes market is being driven by the increasing demand for electrical enclosures in the construction, industrial, and commercial sectors. Electrical boxes are used to protect electrical wiring and components from damage, moisture, and dust. They are also used to provide a safe and secure environment for electrical connections.
The increasing adoption of smart home technologies is also driving the growth of the electrical boxes market. Smart home technologies require a network of electrical boxes to connect the various devices and appliances in a home.
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Market Dynamics
Within the larger electrical and electronics sector, the market for electrical boxes is a key subsegment. Electrical boxes, usually referred to as junction boxes or enclosures, are essential parts used to store and safeguard electrical connections, wires, and gadgets. Numerous factors have an impact on the electrical box market, including its development, trends, and competitive environment.
Construction and infrastructure growth are intimately related to the demand for electrical boxes. Electrical boxes that hold wiring connections and other components are always needed as new residential, commercial, and industrial buildings are built.
The demand for electrical boxes to contain solar inverters, battery storage systems, and smart home management systems has surged as a result of the growing use of smart technology and renewable energy sources.
In growing nations, urbanisation trends are driving demand for office space, apartment buildings and industrial facilities, which is driving up demand for electrical boxes for both new installations and modifications.
Report Scope
Report Metric | Details |
Compound Annual Growth Rate (CAGR) | 8.6% |
Forecast Period | 2023-2031 |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segments Covered | Segment by Type
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Geographies Covered |
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Market Drivers |
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Types of Electrical Boxes:
Metal boxes: These are frequently used in commercial and industrial settings and are normally composed of steel or aluminium. They frequently are needed for grounding purposes and offer strong protection against physical damage.
Plastic boxes: These strong, lightweight, and reasonably priced boxes are made of plastic. They are appropriate for non-metallic cable installations and are frequently utilised in residential contexts.
Weatherproof Boxes: These boxes are made to withstand external factors including rain, snow, and dust while safeguarding electrical connections. They are frequently used for outside installations including lighting, outlets, and other outdoor fixtures.
Fan and Fixture Boxes: These are made to hold heavy loads like light fixtures, ceiling fans, and other heavy objects. They typically provide safe anchoring for these fixtures and are installed directly to the ceiling joists.
Regional Analysis
The market is dominated by Asia-Pacific. The market for electrical boxes is predicted to expand at the quickest rate in the Asia-Pacific region as a result of the rising need for infrastructure development and industrial automation in nations like China and India. Additionally, the region produces a lot of renewable energy systems, which increases the demand for electrical boxes that can organise and hold the system's components.
North America is expected to have a monopoly on the electrical box market. This is a result of the increasing demand for electric vehicles, energy-efficient construction, and smart home technology in the area. The United States is the largest market for electrical boxes in North America.
The European continent is expected to control the electrical box market. This is a result of the region's growing demand for electric vehicles, energy-efficient buildings, and smart home technology—Germany being Europe's largest market for electrical boxes.
Key Highlights For The Electrical Boxes Market:
- The Global Electrical Boxes Market Size is projected to CAGR of 8.6% from 2023 to 2031.
- The growth of the market is being driven by the increasing demand for electrical enclosures in the construction, industrial, and commercial sectors.
- The increasing adoption of smart home technologies is also driving the growth of the electrical boxes market.
- The Asia Pacific region is expected to be the largest market for electrical boxes during the forecast period.
- The key players in the electrical boxes market include ABB, Schneider Electric, Eaton, Legrand, and Rittal.
Key Players
- Carlon
- Raco
- Gewiss
- OBO
- Clipsal
- Bachmann
- AsaPlastici
- Simon
- Marshall Tufflex
- Gira
- Mockett
- Eaton
Electrical Boxes Market Segmentations
Segment by Type
- Metal
- Plastic
Segment by Application
- Residential
- Commercial
Segment by Region
- North America
- Europe
- APAC
- Middle East and Africa
- LATAM
Table of Contents
- Executive Summary
- Introduction
- Market Introduction
- Market Definition
- Scope of the Study
- Market Structure
- Research Methodology
- Primary Research
- Research Methodology
- Assumptions & Exclusions
- Secondary Data Sources
- Market Factor Analysis
- Value Chain Analysis: Electrical Boxes Market
- Porters Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitution
- Threat of New Entrants
- Competitive Rivalry
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Recent Trends Analysis
- Impact of COVID-19 on Electrical Boxes Market
- Pre and Post Covid -19 Market Scenario Analysis
- Market Recovery Timeline and Challenge
- Measures Taken by Top Players
- Regulatory Landscape
- Electrical Boxes Market, Segment by Type
- Introduction
- Market Size and Forecast, Segment by Type
- Metal
- Market Size and Forecast, By Region
- Plastic
- Market Size and Forecast, By Region
- Introduction
- Electrical Boxes Market, Segment by Application
- Introduction
- Market Size and Forecast, Segment by Application
- Residential
- Market Size and Forecast, By Region
- Commercial
- Market Size and Forecast, By Region
- Introduction
- Regional Overview
- Introduction
- Market Size and Forecast
- North America
- Market Size and Forecast
- Segment by Type
- Metal
- Plastic
- Segment by Application
- Residential
- Commercial
- Segment by Type
- U.S.
- Segment by Type
- Metal
- Plastic
- Segment by Application
- Residential
- Commercial
- Segment by Type
- Canada
- Market Size and Forecast
- Europe
- Market Size and Forecast
- Segment by Type
- Metal
- Plastic
- Segment by Application
- Residential
- Commercial
- Segment by Type
- U.K.
- Segment by Type
- Metal
- Plastic
- Segment by Application
- Residential
- Commercial
- Segment by Type
- Germany
- France
- Spain
- Italy
- Russia
- Nordic
- Benelux
- Rest of Europe
- Market Size and Forecast
- APAC
- Market Size and Forecast
- Segment by Type
- Metal
- Plastic
- Segment by Application
- Residential
- Commercial
- Segment by Type
- China
- Segment by Type
- Metal
- Plastic
- Segment by Application
- Residential
- Commercial
- Segment by Type
- Korea
- Japan
- India
- Australia
- Singapore
- Taiwan
- South East Asia
- Rest of Asia-Pacific
- Market Size and Forecast
- Middle East and Africa
- Market Size and Forecast
- Segment by Type
- Metal
- Plastic
- Segment by Application
- Residential
- Commercial
- Segment by Type
- UAE
- Segment by Type
- Metal
- Plastic
- Segment by Application
- Residential
- Commercial
- Segment by Type
- Turky
- Saudi Arabia
- South Africa
- Egypt
- Nigeria
- Rest of MEA
- Market Size and Forecast
- LATAM
- Market Size and Forecast
- Segment by Type
- Metal
- Plastic
- Segment by Application
- Residential
- Commercial
- Segment by Type
- Brazil
- Segment by Type
- Metal
- Plastic
- Segment by Application
- Residential
- Commercial
- Segment by Type
- Mexico
- Argentina
- Chile
- Colombia
- Rest of LATAM
- Market Size and Forecast
- Introduction
- Competitive Landscape, 2022
- Introduction
- Electrical Boxes Market Share Analysis, 2022 (%)
- Market Share Analysis, 2022
- Competition Ranking, 2022
- Key Developments & Growth Strategies
- Merger & Acquisition
- Product Launch
- Expansion
- Consolidated SWOT Analysis of Key Players
- Company Profile
- Carlon
- Business Overview
- Financial Data
- Key Product Categories
- Recent Developments
- Raco
- Gewiss
- OBO
- Clipsal
- Bachmann
- AsaPlastici
- Simon
- Marshall Tufflex
- Gira
- Mockett
- Eaton
- Carlon
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