The global electrical enclosures market size was estimated to generate significant revenue of over USD 6 billion in 2021 and projected to grow at a significant CAGR of over 6% during the forecast period from 2022 to 2028. The increasing industrialization in developing economies and the growth in the renewable energy sector are some major factors driving the market growth. Furthermore, the increasing investment in power and industrial infrastructure and the rising safety concerns are further anticipated to fuel the market growth over the forecast period. Moreover, the expansion of the electricity transmission and distribution networks and aging infrastructure is expected to provide some new opportunities in the market.
Market Drivers:
Increasing demand for electrical safety and protection: Electrical enclosures play a crucial role in providing safety and protection for electrical components, equipment, and systems. They help prevent electrical shocks, damage from environmental factors (such as dust, water, and chemicals), and unauthorized access. With the growing awareness of electrical safety and the need for equipment protection, the demand for electrical enclosures is increasing across various industries, including power generation, manufacturing, oil and gas, and transportation.
Expansion of industrial infrastructure and automation: The expansion of industrial infrastructure and the adoption of automation technologies in manufacturing processes drive the demand for electrical enclosures. As industries expand their operations, they require reliable and durable enclosures to house electrical components, control panels, and automation systems. Electrical enclosures provide a secure and organized environment for electrical equipment, ensuring their proper functioning and protection in industrial settings.
Rising investments in renewable energy projects: The increasing investments in renewable energy projects, such as solar and wind power, contribute to the growth of the electrical enclosures market. These projects require electrical enclosures to protect and house critical components like inverters, controllers, and monitoring systems. The demand for electrical enclosures in renewable energy applications is driven by the need for safe and reliable protection of electrical infrastructure in these projects.
Stringent regulatory standards and compliance requirements: Governments and regulatory bodies impose stringent standards and compliance requirements for electrical safety and protection. Electrical enclosures must meet these standards to ensure the proper functioning and reliability of electrical systems. The adherence to regulations and compliance requirements drives the demand for high-quality electrical enclosures that meet safety standards and provide the necessary protection for electrical equipment and systems.
Growing focus on equipment longevity and maintenance: Businesses across industries are increasingly focusing on equipment longevity and maintenance to reduce operational costs and enhance productivity. Electrical enclosures help extend the lifespan of electrical components by providing a controlled environment that protects them from dust, moisture, and other potentially damaging factors. Properly installed and maintained enclosures contribute to the longevity and reliability of electrical equipment, driving their adoption in various applications.
Increasing adoption of smart grid infrastructure: The adoption of smart grid infrastructure, which includes advanced metering, distribution automation, and communication systems, creates demand for electrical enclosures. These enclosures house the necessary components for smart grid infrastructure, such as sensors, communication devices, and control systems. The deployment of smart grid infrastructure in utility networks requires robust and secure enclosures for efficient operation and protection of critical equipment.
Technological advancements in enclosure design and materials: Continuous advancements in enclosure design and materials contribute to the growth of the electrical enclosures market. Manufacturers are developing innovative enclosure designs that offer improved functionality, modularity, and ease of installation. Additionally, the introduction of lightweight yet durable materials, such as polycarbonate and fiberglass-reinforced polyester, provides alternatives to traditional metal enclosures. These advancements enhance the performance, versatility, and cost-effectiveness of electrical enclosures.
Increasing emphasis on infrastructure modernization and upgrades: The need for infrastructure modernization and upgrades in various sectors, including energy, transportation, and telecommunications, drives the demand for electrical enclosures. As infrastructure systems are updated and expanded, there is a need for new enclosures to accommodate additional electrical components and ensure proper protection. The focus on infrastructure modernization and upgrades supports the demand for electrical enclosures.
Market Snapshot:
| Benchmark Year | 2022 | ||
| Market Size | > USD 6 Billion in 2021 | ||
| Market Growth (CAGR) | > 6% (2023-2030) | ||
| Largest Market Share | Asia Pacific | ||
| Analysis Period | 2020-2030 | ||
| Market Players | Rittal GmbH & Co. KG, Schneider Electric, ABB, Eaton, and Emerson Electric Co. |
Market Insights:
The global electrical enclosures market is bifurcated into material, mounting type, form factor, industry vertical, and geography. On the basis of material, the market is further segmented into metallic and non-metallic enclosures the metallic enclosures segment dominated the global market in 2021 and is expected to hold the largest revenue share of around 2/3 market share by the end of the analysis period. On the flip side, the non-metallic enclosures segment is expected to register the fastest growth rate over the forecast period. The increasing adoption of the product in major end-use industries such as the oil & gas and mining industries is a key factor to drive the segment growth. Furthermore, the increasing R&D of nonmetallic material for enclosures application is further expected to fuel the segment growth over the forecast period.
On the basis of industry verticals, the market is segmented into power generation & distribution, oil & gas, metals & mining, medical, and others. The power generation and distribution segment dominated the global electric enclosures market in 2021 and estimated to grow at the same trend over the forecast period. The increasing adoption of renewable energy sources such as solar and wind energy is a major factor to drive the segment growth. Furthermore, the expansion of power distribution and transmission networks and the increasing focus on safety are further expected to drive the segment over the forecast period.
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The electrical enclosures comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The electrical enclosures market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2019-20 – Historical Year
- 2021 – Base Year
- 2022-2028 – Forecast Period
Market Segmentation:
By Material:
- Metallic Enclosures
- Non-Metallic Enclosures
By Mounting Type:
- Wall-Mounted Enclosure
- Free-Standing Enclosure
- Underground Electric Enclosure
By Form Factor:
- Small Enclosures
- Compact Electric Enclosures
- Free-Size Electric Enclosures
By Industry Vertical:
- Power Generation and Distribution
- Oil and Gas
- Metals and Mining
- Medical
- Pulp and Paper
- Food and Beverages
- Transportation
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Regional Analysis:
Geographically, the Asia Pacific dominated the global electrical enclosures market in 2021 and estimated to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The increasing investment in power generation and distribution network is one of the key factor to drive the market growth in the region. Furthermore, the growth in industrial automation and the presence of a large rail and road network are further expected to fuel the market growth in the Asia Pacific.
Competitive Assessment:
Some of the major market players operating in the global electrical enclosures market are Rittal GmbH & Co. KG, Schneider Electric, ABB, Eaton, and Emerson Electric Co. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- Rittal GmbH & Co. KG
- Schneider Electric
- ABB
- Eaton
- Emerson Electric Co.
- Pentair
- AZZ Inc.
- Hubbell Incorporated.
- Legrand
- Hammond Manufacturing Ltd.
- Saginaw Control & Engineering
Key Questions Answered by Electrical Enclosures Market Report
- Global electrical enclosures market forecasts from 2022-2028
- Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
- Electrical enclosures submarket forecasts from 2022-2028 covering the market by material, by mounting type, by form factor, by industry verticals, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level electrical enclosures markets from 2022-2028
- Competitive Landscape and market positioning of top 10 players operating in the market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Electrical Enclosures Market Portraiture
2.2. Global Electrical Enclosures Market, by Material, 2021 (USD Mn)
2.3. Global Electrical Enclosures Market, by Mounting Type, 2021 (USD Mn)
2.4. Global Electrical Enclosures Market, by Form Factor, 2021 (USD Mn)
2.5. Global Electrical Enclosures Market, by Geography, 2021 (USD Mn)
3. Global Electrical Enclosures Market Analysis
3.1. Electrical Enclosures Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Electrical Enclosures Market By Material, 2019 – 2028 (USD Mn)
4.1. Overview
4.2. Metallic Enclosures
4.3. Non-Metallic Enclosures
5. Global Electrical Enclosures Market By Mounting Type, 2019 – 2028 (USD Mn)
5.1. Overview
5.2. Wall-Mounted Enclosure
5.3. Free-Standing Enclosure
5.4. Underground Electric Enclosure
6. Global Electrical Enclosures Market By Form Factor, 2019 – 2028 (USD Mn)
6.1. Overview
6.2. Small Enclosures
6.3. Compact Electric Enclosures
6.4. Free-Size Electric Enclosures
7. Global Electrical Enclosures Market By Industry Vertical, 2019 – 2028 (USD Mn)
7.1. Overview
7.2. Power Generation and Distribution
7.3. Oil and Gas
7.4. Metals and Mining
7.5. Medical
7.6. Pulp and Paper
7.7. Food and Beverages
7.8. Transportation
7.9. Others
8. North America Electrical Enclosures Market Analysis and Forecast, 2019 – 2028 (USD Mn)
8.1. Overview
8.2. North America Electrical Enclosures Market by Material, (2019-2028 USD Mn)
8.3. North America Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
8.4. North America Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
8.5. North America Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
8.6. North America Electrical Enclosures Market by Country, (2019-2028 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Electrical Enclosures Market by Material, (2019-2028 USD Mn)
8.6.1.2. U.S. Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
8.6.1.3. U.S. Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
8.6.1.4. U.S. Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Electrical Enclosures Market by Material, (2019-2028 USD Mn)
8.6.2.2. Canada Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
8.6.2.3. Canada Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
8.6.2.4. Canada Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
9. Europe Electrical Enclosures Market Analysis and Forecast, 2019 – 2028 (USD Mn)
9.1. Overview
9.2. Europe Electrical Enclosures Market by Material, (2019-2028 USD Mn)
9.3. Europe Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
9.4. Europe Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
9.5. Europe Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
9.6. Europe Electrical Enclosures Market by Country, (2019-2028 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Electrical Enclosures Market by Material, (2019-2028 USD Mn)
9.6.1.2. Germany Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
9.6.1.3. Germany Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
9.6.1.4. Germany Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Electrical Enclosures Market by Material, (2019-2028 USD Mn)
9.6.2.2. U.K. Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
9.6.2.3. U.K. Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
9.6.2.4. U.K. Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
9.6.3. France
9.6.3.1. France Electrical Enclosures Market by Material, (2019-2028 USD Mn)
9.6.3.2. France Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
9.6.3.3. France Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
9.6.3.4. France Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
9.6.4. Italy
9.6.4.1. Italy Electrical Enclosures Market by Material, (2019-2028 USD Mn)
9.6.4.2. Italy Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
9.6.4.3. Italy Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
9.6.4.4. Italy Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
9.6.5. Rest of Europe
9.6.5.1. Rest of Europe Electrical Enclosures Market by Material, (2019-2028 USD Mn)
9.6.5.2. Rest of Europe Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
9.6.5.3. Rest of Europe Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
9.6.5.4. Rest of Europe Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
10. Asia Pacific Electrical Enclosures Market Analysis and Forecast, 2019 – 2028 (USD Mn)
10.1. Overview
10.2. Asia Pacific Electrical Enclosures Market by Material, (2019-2028 USD Mn)
10.3. Asia Pacific Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
10.4. Asia Pacific Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
10.5. Asia Pacific Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
10.6. Asia Pacific Electrical Enclosures Market by Country, (2019-2028 USD Mn)
10.6.1. China
10.6.1.1. China Electrical Enclosures Market by Material, (2019-2028 USD Mn)
10.6.1.2. China Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
10.6.1.3. China Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
10.6.1.4. China Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Electrical Enclosures Market by Material, (2019-2028 USD Mn)
10.6.2.2. Japan Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
10.6.2.3. Japan Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
10.6.2.4. Japan Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
10.6.3. India
10.6.3.1. India Electrical Enclosures Market by Material, (2019-2028 USD Mn)
10.6.3.2. India Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
10.6.3.3. India Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
10.6.3.4. India Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Electrical Enclosures Market by Material, (2019-2028 USD Mn)
10.6.4.2. Rest of Asia Pacific Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
10.6.4.3. Rest of Asia Pacific Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
10.6.4.4. Rest of Asia Pacific Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
11. Latin America (LATAM) Electrical Enclosures Market Analysis and Forecast, 2019 – 2028 (USD Mn)
11.1. Overview
11.2. Latin America Electrical Enclosures Market by Material, (2019-2028 USD Mn)
11.3. Latin America Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
11.4. Latin America Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
11.5. Latin America Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
11.6. Latin America Electrical Enclosures Market by Country, (2019-2028 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Electrical Enclosures Market by Material, (2019-2028 USD Mn)
11.6.1.2. Brazil Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
11.6.1.3. Brazil Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
11.6.1.4. Brazil Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Electrical Enclosures Market by Material, (2019-2028 USD Mn)
11.6.2.2. Mexico Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
11.6.2.3. Mexico Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
11.6.2.4. Mexico Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Electrical Enclosures Market by Material, (2019-2028 USD Mn)
11.6.3.2. Rest of Latin America Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
11.6.3.3. Rest of Latin America Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
11.6.3.4. Rest of Latin America Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
12. Middle East and Africa Electrical Enclosures Market Analysis and Forecast, 2019 – 2028 (USD Mn)
12.1. Overview
12.2. MEA Electrical Enclosures Market by Material, (2019-2028 USD Mn)
12.3. MEA Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
12.4. MEA Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
12.5. MEA Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
12.6. Middle East and Africa Electrical Enclosures Market, by Country, (2019-2028 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Electrical Enclosures Market by Material, (2019-2028 USD Mn)
12.6.1.2. GCC Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
12.6.1.3. GCC Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
12.6.1.4. GCC Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Electrical Enclosures Market by Material, (2019-2028 USD Mn)
12.6.2.2. South Africa Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
12.6.2.3. South Africa Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
12.6.2.4. South Africa Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Electrical Enclosures Market by Material, (2019-2028 USD Mn)
12.6.3.2. Rest of MEA Electrical Enclosures Market by Mounting Type, (2019-2028 USD Mn)
12.6.3.3. Rest of MEA Electrical Enclosures Market by Form Factor, (2019-2028 USD Mn)
12.6.3.4. Rest of MEA Electrical Enclosures Market by Industry Vertical, (2019-2028 USD Mn)
13. Company Profiles
13.1. Rittal GmbH & Co. KG
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Schneider Electric
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. ABB
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Eaton
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Emerson Electric Co.
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Pentair
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. AZZ Inc.
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Hubbell Incorporated
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Legrand
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Hammond Manufacturing Ltd.
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
13.11. Saginaw Control & Engineering
13.11.1. Business Description
13.11.2. Financial Health and Budget Allocation
13.11.3. Product Positions/Portfolio
13.11.4. Recent Development
13.11.5. SWOT Analysis
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