Electrical Enclosures Market Size, Trends and Insights By Material (Metallic, Non-metallic), By End-users (Energy & Power, Industrial, Process Industries, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Schneider Electric SE
- Hubbell Inc.
- Legrand SA
- Emerson Electric Co.
- Others
Reports Description
Surging investments in renewable energy are propelling the growth of the market.
According to Custom Market Insights (CMI), The Global Electrical Enclosures Market size was estimated at USD 44.04 Billion in 2021 and is expected to reach USD 47.10 billion in 2022 and is expected to hit around USD 67.4 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030.
Our recently published report Electrical Enclosures Market offers a comprehensive and deep evaluation of the market’s stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis.
Electrical Enclosures Market: Overview
An electrical enclosure contains numerous devices, including power generators, transformers, telecommunication equipment, and other parts like mount switches, knobs, and monitors for displays. In addition to protecting the space from inadvertent harm caused by users, they also enhance its aesthetic appeal. Depending on their usage and the user’s inclination, the enclosures can be metallic or non-metallic. Electrical enclosures have tight seals that keep moisture and water out. They also safeguard against electrical failure, power loss, and electromagnetic interference. They have several uses in places with threats from flammable gases, combustible dust, or volatile vapours or particles.
Electrical Enclosures Market: COVID–19 Impact Analysis
Energy and power, medical, industrial, and other significant processes and industries have all suffered dramatically due to the COVID-19 pandemic outbreak. Due to the virus’s quick spread, governments worldwide have imposed rigorous restrictions on how much people and vehicles can move.
Additionally, the market for electrical enclosures has been significantly impacted by the decline in the power generating and distribution industry, which is primarily due to decreased demand, financial strain, and disruptions in the power supply chain. Due to restricted production activities and reduced demand from end-use industries, the electric enclosure market’s overall revenue is confined, which will cause market growth to slow down over the coming years.
Electrical Enclosures Market: Growth Drivers
Rising investments in renewable energy infrastructure
Governments worldwide are urged by growing environmental concerns about nuclear power and fossil fuels to redirect their attention to alternative energy sources like wind and solar power. They emphasize building green energy infrastructures to use renewable resources.
For instance, as part of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan, the Indian government announced the allocation of US$ 4.59 billion for the construction of green energy infrastructures to boost the renewable energy capacity to 25,750 MW by 2022.
The installation of solar panels and wind turbines has considerably increased the need for electrical security measures like electrical enclosures to stop electricity theft and protect the electrical circuits from the factors like dust, rain, and other things. Consequently, it is projected that a plethora of such breakthroughs would generate profitable growth prospects in the market.
Implementation of Industrial IoT
Demand for industrial IoT, rising demand for sanitary enclosures in the food and beverage industry, and implementation of the intelligent transport system in the transportation industry are key factors boosting the market growth. As a result, the market grows, so the renewable energy sector is a crucial factor driving market expansion, but it also increases because the critical industry players implement growth strategies, including product launches, development, mergers, and acquisition. For instance, the market share of TAKACHI, a leading producer of electrical enclosures and related products in Japan, increased by 9.66% due to the shift to electronic enclosures.
Electrical Enclosures Market: Segmentation Analysis
The Electrical Enclosures market is segmented into material and end-users. Based on end-users, the energy & power segment is estimated to hold the dominant market share throughout 2022-2030. Alternative energy sources, including solar and wind, are becoming more popular due to environmental problems with fossil fuels and nuclear power. Renewable energy sources such as solar and wind are considered clean and safe. As a result, nations are embracing this technology all around the world.
The electrical and battery systems used to produce electricity from solar and wind energy are delicate and malfunction when exposed to the elements. Therefore, electrical enclosures are heavily utilized in the energy generation industry for safety reasons.
Electrical enclosures provide seismic protection, EMC shielding, security, electronics cooling, corrosion resistance, integration of power conversion, and multi-component system requirements for wind and solar energy equipment.
Government regulations are encouraging the development of renewable energy sources, which is, in turn, driving up demand for electrical enclosures. Electrical enclosures safeguard the electrical and electronic components and systems of wind, solar, and electrical power plants.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 44.04 Billion |
| Projected Market Size in 2030 | USD 67.4 Billion |
| Market Size in 2022 | USD 47.10 Billion |
| CAGR Growth Rate | 5.5% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Schneider Electric SE, Hubbell Inc., Legrand SA, Emerson Electric Co., ABB Ltd, Eldon Holding AB, Eaton Corporation, AZZ Inc., Pentair PLC, Adalet, Austin Electrical Enclosures, Siemens AG, Rittal GmbH & Co. Kg., and Others |
| Key Segment | By Material, End-users, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Electrical Enclosures Market is estimated to grow annually at a CAGR of around 5.5% over the forecast period (2022-2030).
- In terms of revenue, the Electrical Enclosures market size was valued at around USD 44.04 billion in 2021 and is projected to reach USD 67.4 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on material segmentation, the non-metallic segment is projected to hold the dominant market share in 2021.
- Based on end-users segmentation, the energy & power segment is estimated to hold the dominant market share in 2021.
- Based on geography/region, the North American area was the leading revenue generator in 2021.
Recent Development
- October 2022: The previously reported transaction between AZZ Inc. and Fernweh Group LLC, in which AZZ contributed its AZZ Infrastructure Solutions Segment1 (“AIS”) to AIS Investment Holdings LLC (the “AIS JV”) and sold a 60% interest in the AIS JV to Fernweh at an implied enterprise value of $300 million, has now been completed, according to AZZ Inc. and Fernweh Group LLC. Due to typical purchase price modifications, AZZ expects to receive about $228 million in cash, of which $210 million will be used to pay off its Term Loan B and the remaining balance on its Revolving Credit Facility.
- July 2022: The maker of AttaBox polycarbonate industrial enclosures and Stahlin fiberglass electrical enclosures, Robroy Enclosures (Belding, Michigan, USA), has purchased a new, specially made 1,000-ton hydraulic press with an extra-large platen.
Regional Landscape
The Asia Pacific region is expected to notice a tremendous CAGR from 2022 to 2030. The expansion of power generating and distribution infrastructure, notably in the fast-growing economies of China and India, is fueling growth throughout the Asia-Pacific region. Growth in North American and European developed economies is projected to be primarily powered by the construction of renewable energy power plants, particularly wind and solar energy. Strong industrial automation growth and the growing popularity of smart homes in the US bode well for the electrical enclosures industry. In addition, the increasing requirement for upgrading the current power transmission and distribution infrastructure will increase the market for electrical enclosures in Europe.
Competitive Landscape
The key businesses use various growth strategies, including product launches, acquisitions, and joint ventures, helping the electric enclosure market grow internationally.
September 2021: Additional wall-mount enclosures, as well as accessories in its nVent HOFFMAN Global IEC portfolio in North America, were announced by nVent Electric plc, a rapidly expanding firm in electrical connection and protection solutions.
Prominent Players:
- Schneider Electric SE
- Hubbell Inc.
- Legrand SA
- Emerson Electric Co.
- ABB Ltd
- Eldon Holding AB
- Eaton Corporation
- AZZ Inc.
- Pentair PLC
- Adalet
- Austin Electrical Enclosures
- Siemens AG
- Rittal GmbH & Co. Kg.
The global Electrical Enclosures market is segmented as follows:
By Material
- Metallic
- Non-Metallic
By End-users
- Energy & Power
- Industrial
- Process Industries
- Others
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Electrical Enclosures Market, (2022 – 2030) (USD Billion)
- 2.2 Global Electrical Enclosures Market : snapshot
- Chapter 3. Global Electrical Enclosures Market – Industry Analysis
- 3.1 Electrical Enclosures Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising investments in renewable energy infrastructure
- 3.2.2 Implementation of Industrial IoT
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Material
- 3.7.2 Market attractiveness analysis By End-users
- Chapter 4. Global Electrical Enclosures Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Electrical Enclosures Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Electrical Enclosures Market – Material Analysis
- 5.1 Global Electrical Enclosures Market overview: By Material
- 5.1.1 Global Electrical Enclosures Market share, By Material, 2021 and 2030
- 5.2 Metallic
- 5.2.1 Global Electrical Enclosures Market by Metallic, 2022 – 2030 (USD Billion)
- 5.3 Non-metallic
- 5.3.1 Global Electrical Enclosures Market by Non-metallic, 2022 – 2030 (USD Billion)
- 5.1 Global Electrical Enclosures Market overview: By Material
- Chapter 6. Global Electrical Enclosures Market – End-users Analysis
- 6.1 Global Electrical Enclosures Market overview: By End-users
- 6.1.1 Global Electrical Enclosures Market share, By End-users, 2021 and 2030
- 6.2 Energy & Power
- 6.2.1 Global Electrical Enclosures Market by Energy & Power, 2022 – 2030 (USD Billion)
- 6.3 Industrial
- 6.3.1 Global Electrical Enclosures Market by Industrial, 2022 – 2030 (USD Billion)
- 6.4 Process Industries
- 6.4.1 Global Electrical Enclosures Market by Process Industries, 2022 – 2030 (USD Billion)
- 6.5 Others
- 6.5.1 Global Electrical Enclosures Market by Others, 2022 – 2030 (USD Billion)
- 6.1 Global Electrical Enclosures Market overview: By End-users
- Chapter 7. Electrical Enclosures Market – Regional Analysis
- 7.1 Global Electrical Enclosures Market Regional Overview
- 7.2 Global Electrical Enclosures Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Electrical Enclosures Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Electrical Enclosures Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Electrical Enclosures Market, 2022 – 2030 (USD Billion)
- 7.4 North America Electrical Enclosures Market, by Material, 2022 – 2030
- 7.4.1 North America Electrical Enclosures Market, by Material, 2022 – 2030 (USD Billion)
- 7.5 North America Electrical Enclosures Market, by End-users, 2022 – 2030
- 7.5.1 North America Electrical Enclosures Market, by End-users, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Electrical Enclosures Market, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe Electrical Enclosures Market, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe Electrical Enclosures Market, 2022 – 2030 (USD Billion)
- 7.7 Europe Electrical Enclosures Market, by Material, 2022 – 2030
- 7.7.1 Europe Electrical Enclosures Market, by Material, 2022 – 2030 (USD Billion)
- 7.8 Europe Electrical Enclosures Market, by End-users, 2022 – 2030
- 7.8.1 Europe Electrical Enclosures Market, by End-users, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Electrical Enclosures Market, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific Electrical Enclosures Market, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific Electrical Enclosures Market, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific Electrical Enclosures Market, by Material, 2022 – 2030
- 7.10.1 Asia Pacific Electrical Enclosures Market, by Material, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific Electrical Enclosures Market, by End-users, 2022 – 2030
- 7.11.1 Asia Pacific Electrical Enclosures Market, by End-users, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Electrical Enclosures Market, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America Electrical Enclosures Market, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America Electrical Enclosures Market, 2022 – 2030 (USD Billion)
- 7.13 Latin America Electrical Enclosures Market, by Material, 2022 – 2030
- 7.13.1 Latin America Electrical Enclosures Market, by Material, 2022 – 2030 (USD Billion)
- 7.14 Latin America Electrical Enclosures Market, by End-users, 2022 – 2030
- 7.14.1 Latin America Electrical Enclosures Market, by End-users, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Electrical Enclosures Market, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Electrical Enclosures Market, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa Electrical Enclosures Market, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa Electrical Enclosures Market, by Material, 2022 – 2030
- 7.16.1 The Middle-East and Africa Electrical Enclosures Market, by Material, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa Electrical Enclosures Market, by End-users, 2022 – 2030
- 7.17.1 The Middle-East and Africa Electrical Enclosures Market, by End-users, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Schneider Electric SE
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Hubbell Inc.
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Legrand SA
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Emerson Electric Co.
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 ABB Ltd
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Eldon Holding AB
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Eaton Corporation
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 AZZ Inc.
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Pentair PLC
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Adalet
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Austin Electrical Enclosures
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Siemens AG
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Rittal GmbH & Co. Kg.
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.1 Schneider Electric SE
List Of Figures
Figures No 1 to 20
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“North American” region will lead the global Electrical Enclosures market during the forecast period 2022 to 2030.
The key factors driving the market are rising investments in renewable energy infrastructure and implementation of Industrial IoT.
The key players operating in the Electrical Enclosures market are Schneider Electric SE, Hubbell Inc., Legrand SA, Emerson Electric Co., ABB Ltd, Eldon Holding AB, Eaton Corporation, AZZ Inc., Pentair PLC, Adalet, Austin Electrical Enclosures, Siemens AG, Rittal GmbH & Co. Kg.
The global Electrical Enclosures market is expanding growth with a CAGR of approximately 10% during the forecast period (2022 to 2030).
The global Electrical Enclosures market size was valued at USD 6 Billion in 2021 and it is projected to reach around USD 12 Billion by 2030.