Global Electrical Enclosures Market Report and Forecast 2024-2032

Global Electrical Enclosures Market Outlook

The global electrical enclosures market size reached nearly USD 7.55 billion in 2023. The market is projected to grow at a CAGR of 5.6% between 2024 and 2032 to reach a value of around USD 12.44 billion by 2032.

Key Trends in the Market

An electrical enclosure refers to a cabinet/housing for electronic components/equipment to offer a degree of protection against electrical shocks. It is an integral system of power distribution and control and is essential for protecting users from incidental contact, keeping them safe from electric shocks. These enclosures provide a weather resistant and safe space for electrical components and also provide protection against unauthorised access.

• The installation of electrical enclosures in the commercial and industrial sectors allows electronic components to be safely contained and thus, is necessary to enable smooth operations across various levels in the modern world. These enclosures are widely used to safely house and cool electrical controls, instruments, terminals, and surveillance devices, among others, to ensure secure functioning, which contributes to the growing electrical enclosures market demand.

• Solar application is an attractive domain which is supporting the electrical enclosures market growth. The solar power sector is generating a significant demand for durable enclosure solutions for protecting vital controls, distribution equipment, and instruments from environmental conditions, as they are often located in open spaces. Moreover, the increasing investment in solar power projects to meet rising renewable energy demands and achieve carbon emission targets is expected to enhance the demand for enclosures that assist with solar thermal and tracking systems.

• The growing research and development activities aimed towards designing electrical enclosure solutions with innovative materials that can enhance the performance and longevity of precarious electrical equipment and boost energy efficient operations are providing lucrative growth opportunities to the market.

Market Segmentation

Based on material type, the market is segmented into metallic and non-metallic. On the basis of mounting type, the market is classified into wall-mounted enclosure, floor-mounted/free-standing enclosure, and underground electric enclosure. By form factor, the market is segregated into small enclosures, compact electric enclosures, and full-size electric enclosures.

By product type, the market is categorised into drip-tight, hazardous environment, flame/explosion proof, and dust-tight, among others. On the basis of industry vertical, the electrical enclosures market segmentation includes power generation and distribution, oil and gas, metal and mining, and transportation, among others. The major regional markets for electrical enclosures include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global electrical enclosures market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• ABB Ltd. 

• Schneider Electric SE 

• Eaton Corporation Plc 

• Emerson Electric Co. 

• RITTAL GmbH & Co. KG 

• Hubbell Incorporated 

• Scott Fetzer Company (Adalet) 

• nVent Electric Plc 

• Hammond Manufacturing Company Limited 

• SOCOMEC, Inc. 

• Others

Market Share by Industry Vertical

The power generation and distribution sector accounts for the majority of the electrical enclosures market share as these enclosures are necessary to enable safe operation; offer protection to personnel against incidental contact; and protect electrical systems from harsh environmental conditions. Grid modernisation projects and development of ageing energy infrastructure have been significantly contributing to the product demand. Several guidelines have been established to help industries carefully choose electrical enclosures based on performance criteria and test methods. Additionally, the growing global demand for power due to increasing population and industrialisation is further prompting public and private organisations to improve their power generation and distribution capabilities, leading to a heightened use of electrical enclosures.

Market Share by Region

As per the electrical enclosures market analysis, North America holds a significant share of the market, driven by the growing demand for durable electrical solutions and equipment to streamline power distribution operations in power centres. In addition to this, there has been a surge in investment towards the development of distribution centres, especially in the Northeast area of the United States. Over the forecast period, the anticipated increase in solar installations across several parts of the region is anticipated to further boost the electrical enclosures market demand.

Competitive Landscape

ABB Ltd. is a leading company which offers electrification and automation services. The product portfolio of the company includes energy distribution components such as electrical enclosures. The key business areas of the company are electrification, process automation, and robotics, among others. The company was founded in 1988 and is headquartered in Zurich, Switzerland.

Schneider Electric SE is a multinational organisation which provides expertise related to energy management and automation. The core services provided by Schneider Electric SE include building access control, building management, electric enclosure, and sensor, among others. The company was founded in 1836 and is headquartered in Rueil-Malmaison, France.

Eaton Corporation Plc is a firm which offers high-end power management services and solutions. Established in the year 1911, the company is committed towards facilitating energy efficient environment across industries. Eaton Corporation is headquartered in Dublin, Ireland.

Other market players include Emerson Electric Co., RITTAL GmbH & Co. KG, Hubbell Incorporated, Scott Fetzer Company (Adalet), nVent Electric Plc, Hammond Manufacturing Company Limited, and SOCOMEC, Inc., among others.

Key Highlights of the Report