The North America Electrical Enclosure Market would witness market growth of 6.6% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 3011.8 thousand units, showcasing a growth of 14.0% (2020-2023).
In the oil and gas sector, electrical enclosures play a critical role in ensuring the safe and reliable operation of various equipment and instrumentation in diverse applications. Within upstream operations, enclosures are utilized in environments such as drilling rigs, wellheads, and offshore platforms to house electrical components, control systems, and communication infrastructure. Therefore, the Mexico market utilized 35.4 thousand units of electrical enclosures in the oil and gas segment in 2023.
The US market dominated the North America Electrical Enclosure Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,701.1 million by 2031. The Canada market is experiencing a CAGR of 9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.1% during (2024 - 2031).
The oil and gas sector relies on electrical enclosures to protect control systems, instrumentation, and communication equipment in drilling rigs, refineries, pipelines, and offshore platforms. These enclosures are designed to withstand harsh and hazardous environments, including exposure to extreme temperatures, corrosive substances, and explosive atmospheres. The growth of the oil sector increases the demand for electrical enclosures.
Additionally, Electrical enclosures are used in telecommunications infrastructure, data centers, and network cabinets to house networking equipment, servers, and communication systems. These enclosures protect against dust, moisture, and electromagnetic interference, ensuring the reliable operation of telecommunications networks and data storage facilities. The increasing telecommunication sector translates into higher demand for electrical enclosures.
With the increasing adoption of renewable energy sources like wind and solar power in Mexico, there will be a growing demand for specialized electrical enclosures tailored to the unique requirements of these projects. As per the International Trade Administration (ITA), Mexico’s goal is to produce 35 percent of electricity from clean energy sources by 2024, which includes power regeneration from renewable and non-renewable sources such as nuclear and efficient cogeneration. Hence, the increasing power generation and rising adoption of renewable energy are driving 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 U.S., Mexico, Canada, and Rest of North America.
In the oil and gas sector, electrical enclosures play a critical role in ensuring the safe and reliable operation of various equipment and instrumentation in diverse applications. Within upstream operations, enclosures are utilized in environments such as drilling rigs, wellheads, and offshore platforms to house electrical components, control systems, and communication infrastructure. Therefore, the Mexico market utilized 35.4 thousand units of electrical enclosures in the oil and gas segment in 2023.
The US market dominated the North America Electrical Enclosure Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,701.1 million by 2031. The Canada market is experiencing a CAGR of 9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.1% during (2024 - 2031).
The oil and gas sector relies on electrical enclosures to protect control systems, instrumentation, and communication equipment in drilling rigs, refineries, pipelines, and offshore platforms. These enclosures are designed to withstand harsh and hazardous environments, including exposure to extreme temperatures, corrosive substances, and explosive atmospheres. The growth of the oil sector increases the demand for electrical enclosures.
Additionally, Electrical enclosures are used in telecommunications infrastructure, data centers, and network cabinets to house networking equipment, servers, and communication systems. These enclosures protect against dust, moisture, and electromagnetic interference, ensuring the reliable operation of telecommunications networks and data storage facilities. The increasing telecommunication sector translates into higher demand for electrical enclosures.
With the increasing adoption of renewable energy sources like wind and solar power in Mexico, there will be a growing demand for specialized electrical enclosures tailored to the unique requirements of these projects. As per the International Trade Administration (ITA), Mexico’s goal is to produce 35 percent of electricity from clean energy sources by 2024, which includes power regeneration from renewable and non-renewable sources such as nuclear and efficient cogeneration. Hence, the increasing power generation and rising adoption of renewable energy are driving 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 U.S., Mexico, Canada, and Rest of North America.
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
- Energy & Power
- Industrial
- Oil & Gas
- Telecommunications
- Others
- Wall-Mounted
- Free-Standing
- Underground
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Electrical Enclosure Market by Material
Chapter 6. North America Electrical Enclosure Market by End-user
Chapter 7. North America Electrical Enclosure Market by Type
Chapter 8. North America Electrical Enclosure Market by Country
Chapter 9. Company Profiles
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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