Electrical enclosures are protective housings or casings for electrical and electronics equipment to prevent electrical hazards such as electric shock and electromagnetic interference. They provide protection from dust, moisture, corrosion and fire hazards. Electrical enclosures find applications in the electrical and automation industries, power plants, industrial and commercial facilities to safeguard electrical equipment and components from harsh environmental conditions. With continued investments in electrical infrastructure upgrades and expansion of renewable energy capacities globally, the demand for electrical enclosures is expected to rise at a significant pace.

The global electrical enclosure market size was valued at USD 5894.4 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.20% from 2022 to 2030.

Key Takeaways

Key players operating in the electrical enclosure market are Adalet (Scott Fetzer Company), Schneider Electric SE, Rittal GmbH & Co. Kg., Legrand SA, Nvent Electric PLC, Hubbell Inc., Siemens AG, Emerson Electric Co., Austin Electrical Enclosures, ABB Ltd., AZZ Inc., Eaton Corporation, and Eldon Holding AB. These players are focusing on new product development and launches to strengthen their market position.

There is immense potential for growth in developing economies owing to increasing investments in transmission & distribution infrastructure and renewable energy integration. Growing construction activities in Middle East, Asia Pacific and South America are providing numerous opportunities for expansion to market players.

The Electrical Enclosure Market Share  leaders are engaged in mergers and acquisitions to expand their global footprints and supply networks. For instance, in 2021, Legrand acquired Universal Electric Corporation, a US based manufacturer of electrical equipment and Enclosures. This helped Legrand to strengthen its industrial automation business in North America.

Market Drivers
- Growing investments in T&D networks and smart grid infrastructure across developed economies is a key factor driving the electrical enclosure market. Utility companies are undertaking modernization projects involving substation upgrades and distribution automation systems.

Market Restraints
- Volatility in raw material prices such as steel and aluminum impacts the production costs of enclosure products. Price fluctuations of these commodities remain a key challenge for market players.

Segment Analysis
The Electrical Enclosure Market Regional Analysis can be segmented into metallic and non-metallic enclosures. Metallic enclosures account for the largest share as they provide durable protection against corrosion and extreme temperatures. Their dominance can be attributed to their flame retardant and weather resistant properties essential for outdoor and industrial applications. Within metallic enclosures, steel holds over 60% share due to its low cost and formability into complex enclosures designs.

Global Analysis
Regionally, Asia Pacific holds the largest share in the electrical enclosure market and is expected to witness the fastest growth during the forecast period. This can be attributed to accelerated industrialization and infrastructure development activities across China, India, Indonesia and other Southeast Asian countries. The growth is further augmented by rapid urbanization and focus of these emerging economies towards renewable energy generation. Europe stands as the second largest market led by early industrialization and strong presence of automation equipment manufacturers in Germany, Italy, UK and France. Meanwhile, North America remains a prominent regional market led by power, oil & gas industries in the US and Canada.

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Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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