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Asia Pacific Electrical Enclosure Market Size, Share & Trends Analysis Report By Material (Metallic and Non-metallic), By End-user, By Type (Wall-Mounted, Free-Standing, and Underground). By Country and Growth Forecast, 2024 - 2031

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    Report

  • 163 Pages
  • April 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953783
The Asia Pacific Electrical Enclosure Market would witness market growth of 7.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 5634.6 thousand units, showcasing a growth of 14.9% (2020-2023).

These enclosures play a crucial role in safeguarding electrical equipment and components essential for power generation, transmission, and distribution systems. Within this sector, various applications necessitate tailored enclosure solutions to accommodate diverse requirements, ranging from substations and switchgear installations to renewable energy facilities such as solar farms and wind turbines. Therefore, the Singapore market used 104.57 thousand units of electrical enclosures in energy & power segment in 2023.



The China market dominated the Asia Pacific Electrical Enclosure Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,262.1 million by 2031. The Japan market is registering a CAGR of 7% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 8.4% during (2024 - 2031).

Electrical enclosures are integral to transportation systems, including railways, airports, highways, and traffic management systems. They house control systems, signaling equipment, and electrical components, ensuring transportation networks' and infrastructure's safe and efficient operation. Electrical enclosures protect control panels, pumps, sensors, and monitoring devices in water and wastewater treatment plants. They safeguard electrical equipment from moisture, chemicals, and corrosive substances, ensuring effective treatment and management of water resources.

Additionally, the adoption of electrical enclosures is driven by several factors, reflecting industries' diverse needs and requirements across various sectors. For instance, industries are subject to stringent regulations and standards governing the protection of electrical equipment, the safety of personnel, and environmental considerations. Electrical enclosures help industries comply with these regulations by providing secure housing for sensitive electronic components, ensuring safety, and minimizing the risk of electrical hazards.

As the manufacturing sector grows in India, there is a higher demand for electrical enclosures to protect and house various electrical components used in industrial machinery and equipment. According to the India Brand Equity Foundation, India can export goods worth US$ 1 trillion by 2030 and is on the road to becoming a major global manufacturing hub. Therefore, the region's increasing manufacturing and transportation sectors drive the market's growth.

Based on Material, the market is segmented into Metallic and Non-metallic. Based on End-user, the market is segmented into Energy & Power, Industrial, Oil & Gas, Telecommunications and Others. Based on Type, the market is segmented into Wall-Mounted, Free-Standing, and Underground. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

  • Schneider Electric SE
  • Hubbell Incorporated
  • Siemens AG
  • Eaton Corporation PLC
  • Rittal GmbH & Co. KG (Friedhelm Loh Stiftung & Co. KG)
  • nVent Electric plc
  • Hammond Manufacturing Company Limited
  • Saipwell Electric Co., Ltd. (Saip Electric Group)
  • Fibox Oy Ab
  • Equipto Electronics Corporation

Market Report Segmentation

By Material (Volume, Thousand Units, USD Billion, 2020-2031)
  • Metallic
  • Non-metallic
By End User (Volume, Thousand Units, USD Billion, 2020-2031)
  • Energy & Power
  • Industrial
  • Oil & Gas
  • Telecommunications
  • Others
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
  • Wall-Mounted
  • Free-Standing
  • Underground
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Electrical Enclosure Market, by Material
1.4.2 Asia Pacific Electrical Enclosure Market, by End User
1.4.3 Asia Pacific Electrical Enclosure Market, by Type
1.4.4 Asia Pacific Electrical Enclosure Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansions
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2024)
4.3.2 Key Strategic Move: (Mergers & Acquisition: 2021, Mar - 2023, Jul) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. Asia Pacific Electrical Enclosure Market by Material
5.1 Asia Pacific Metallic Market by Country
5.2 Asia Pacific Non-metallic Market by Country
Chapter 6. Asia Pacific Electrical Enclosure Market by End-user
6.1 Asia Pacific Energy & Power Market by Country
6.2 Asia Pacific Industrial Market by Country
6.3 Asia Pacific Oil & Gas Market by Country
6.4 Asia Pacific Telecommunications Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Electrical Enclosure Market by Type
7.1 Asia Pacific Wall-Mounted Market by Country
7.2 Asia Pacific Free-Standing Market by Country
7.3 Asia Pacific Underground Market by Country
Chapter 8. Asia Pacific Electrical Enclosure Market by Country
8.1 China Electrical Enclosure Market
8.1.1 China Electrical Enclosure Market by Material
8.1.2 China Electrical Enclosure Market by End-user
8.1.3 China Electrical Enclosure Market by Type
8.2 Japan Electrical Enclosure Market
8.2.1 Japan Electrical Enclosure Market by Material
8.2.2 Japan Electrical Enclosure Market by End-user
8.2.3 Japan Electrical Enclosure Market by Type
8.3 India Electrical Enclosure Market
8.3.1 India Electrical Enclosure Market by Material
8.3.2 India Electrical Enclosure Market by End-user
8.3.3 India Electrical Enclosure Market by Type
8.4 South Korea Electrical Enclosure Market
8.4.1 South Korea Electrical Enclosure Market by Material
8.4.2 South Korea Electrical Enclosure Market by End-user
8.4.3 South Korea Electrical Enclosure Market by Type
8.5 Singapore Electrical Enclosure Market
8.5.1 Singapore Electrical Enclosure Market by Material
8.5.2 Singapore Electrical Enclosure Market by End-user
8.5.3 Singapore Electrical Enclosure Market by Type
8.6 Malaysia Electrical Enclosure Market
8.6.1 Malaysia Electrical Enclosure Market by Material
8.6.2 Malaysia Electrical Enclosure Market by End-user
8.6.3 Malaysia Electrical Enclosure Market by Type
8.7 Rest of Asia Pacific Electrical Enclosure Market
8.7.1 Rest of Asia Pacific Electrical Enclosure Market by Material
8.7.2 Rest of Asia Pacific Electrical Enclosure Market by End-user
8.7.3 Rest of Asia Pacific Electrical Enclosure Market by Type
Chapter 9. Company Profiles
9.1 Schneider Electric SE
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Hubbell Incorporated
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.6 SWOT Analysis
9.3 Siemens AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Eaton Corporation PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Rittal GmbH & Co. KG (Friedhelm Loh Stiftung & Co. KG)
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Product Launches and Product Expansions:
9.5.3 SWOT Analysis
9.6 nVent Electric plc
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.5.2 Acquisition and Mergers:
9.6.5.3 Geographical Expansions:
9.6.6 SWOT Analysis
9.7 Hammond Manufacturing Company Limited
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.5 SWOT Analysis
9.8 Saipwell Electric Co., Ltd. (Saip Electric Group)
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 Fibox Oy Ab
9.9.1 Company Overview
9.9.2 SWOT Analysis
9.10. Equipto Electronics Corporation
9.10.1 Company Overview
9.10.2 SWOT Analysis

Companies Mentioned

  • Schneider Electric SE
  • Hubbell Incorporated
  • Siemens AG
  • Eaton Corporation PLC
  • Rittal GmbH & Co. KG (Friedhelm Loh Stiftung & Co. KG)
  • nVent Electric plc
  • Hammond Manufacturing Company Limited
  • Saipwell Electric Co., Ltd. (Saip Electric Group)
  • Fibox Oy Ab
  • Equipto Electronics Corporation

Methodology

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