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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 Regional Outlook and Forecast, 2024 - 2031

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    Report

  • 352 Pages
  • April 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953638
The Global Electrical Enclosure Market size is expected to reach $13.3 billion by 2031, rising at a market growth of 7.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 16043.9 thousand units, experiencing a growth of 14.6% (2020-2023).

Oil and gas facilities, including drilling rigs, refineries, pipelines, and offshore platforms, operate in harsh and challenging environments characterized by extreme temperatures, high humidity, corrosive chemicals, and explosive atmospheres. Consequently, the oil & gas segment would generate 16.9% revenue share of the market by 2031. Also, UK would utilize 792.62 thousand units of wall-mounted electrical enclosure by 2030. Electrical enclosures protect sensitive equipment, such as control panels, instrumentation, and communication systems, from these environmental hazards.



The major strategies followed by the market participants are Mergers & Acquisitions as the key developmental strategy to keep pace with the changing demands of end users. For instance, In July 2023, nVent Electric plc completed the acquisition of Texa Industries S.r.l., a manufacturer of air conditioning and industrial refrigeration solutions. Under this acquisition, Texa will operate within the enclosures business segment of nVent Eelectric Plc. In January 2022, Eaton Corporation PLC took over Royal Power Solutions, a manufacturer of high-precision electrical connectivity components. Under this acquisition, Royal Power Solutions will improve the ability of Eaton Corporation in the eMobility, aerospace, and electrical businesses.

Cardinal Matrix - Market Competition Analysis

Based on the Analysis presented in the Cardinal matrix; Siemens AG is the forerunner in the Market. In March 2021, Siemens AG acquired C&S Electric Limited, an electrical equipment manufacturer. Through this acquisition, Siemens gains part of C&S Electric's business in India that deals with making low-voltage switchgear components and panels, low- and medium-voltage power busbars, as well as protection and metering devices. And Companies such as Schneider Electric SE, Hubbell Incorporated, and Eaton Corporation PLC are some of the key innovators in Market.



Market Growth Factors

Smart manufacturing facilities incorporate IoT devices and sensors to collect real-time data on equipment performance, production metrics, and environmental conditions. These devices require protective enclosures to house sensitive electronic components and wiring, ensuring their reliability and functionality in industrial environments. In conclusion, the expansion of global smart manufacturing is driving the market's growth.

As renewable energy sources such as solar, wind, and hydroelectric power continue to gain prominence, there’s a corresponding expansion in power generation facilities. These facilities require electrical enclosures to protect sensitive equipment such as inverters, converters, and control systems. Thus, growing renewable energy infrastructure is propelling the growth of the market.

Market Restraining Factors

Raw materials such as steel, aluminium, and plastics are the primary components manufacturing electrical enclosures. When the prices of these raw materials rise, the production costs for enclosure manufacturers directly increase. Higher production costs may lead to reduced profit margins or force manufacturers to pass the cost increases onto customers through higher product prices. Therefore, escalating raw material costs are hampering the growth of the market.

By Material Analysis

On the basis of material type, the market is segmented into metallic and non-metallic. The metallic segment recorded 64.8% revenue share in the market in 2023. Metal enclosures, particularly those made from steel, stainless steel, or aluminum, offer high durability and strength. They can withstand harsh environmental conditions, including extreme temperatures, moisture, corrosion, and physical impact, making them suitable for indoor and outdoor applications.



By End User Analysis

By end-user, the market is divided into industrial, energy & power, telecommunications, oil & gas, and others. The industrial segment procured a 28.27% revenue share in the market in 2023. In terms of volume, telecommunications segment utilized 2,060 thousand units of electrical enclosure in 2023. Industrial control systems often incorporate sensitive electronic components that require protection from environmental factors such as dust, moisture, temperature fluctuations, and electromagnetic interference (EMI). Electrical enclosures provide a secure and controlled environment for housing these components, safeguarding them against damage and ensuring reliable operation in industrial environments.

By Type Analysis

Based on type, the market is divided into wall-mounted, free-standing, and underground. In 2023, the wall-mounted segment garnered 50.5% revenue share in the market. Wall-mounted enclosures are space-efficient, making them ideal for installations where floor space is limited, or equipment needs to be located close to the point of use. In many industrial and commercial settings, floor space is at a premium, and wall-mounted enclosures allow for efficient utilization of available space.

By Regional Analysis

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region generated a 29.7% revenue share in the market. The adoption of renewable energy sources such as solar, wind, and hydroelectric power is rising in North America, driven by environmental concerns and government incentives. Electrical enclosures are essential for renewable energy infrastructure, housing inverters, converters, and monitoring systems.

Market Competition and Attributes



The market is characterized by intense competition among various players like Siemens AG, Schneider Electric SE, and Eaton Corporation PLC which offer a wide range of enclosure solutions. Companies differentiate themselves through product innovation, customization options, and added features like durability and weather resistance. Price competition is significant, especially in standard enclosure segments, leading to price wars and discounts. Efficient distribution networks and partnerships with distributors are crucial for reaching customers effectively. Overall, companies must focus on research and development, pricing strategies, distribution channels, and regulatory compliance to thrive in this competitive market.

Recent Strategies Deployed in the Market

  • Mar-2024: Rittal North America LLC, a subsidiary of Rittal GmbH & Co. KG, launched the Wall Mount Vented (WMV) outdoor UL 3R Type Rated enclosure. The product offers simple maintenance that can be done on-site, along with some key benefits such as a strong design, built-in cooling, easy access for regular upkeep, and excellent protection against corrosion.
  • Jan-2024: Hammond Manufacturing Company Limited came into partnership with Next Sales and Marketing Inc., Atlantic Canada's electrical manufacturer. Under this partnership, Next Sales and Marketing will offer its customers electrical enclosures for the commercial and industrial markets in Atlantic Canada.
  • Jul-2023: nVent Electric plc completed the acquisition of Texa Industries S.r.l., a manufacturer of air conditioning and industrial refrigeration solutions. Under this acquisition, Texa will operate within the enclosures business segment of nVent Eelectric Plc. Additionally, with this acquisition, nVent gains a highly complementary portfolio, strengthening its position as a global systems provider.
  • May-2023: Schneider Electric SE launched a low-voltage switchboard, FlexSeT. The product features a simplified, modular service model for switchboard design, sourcing, installation, and maintenance. Additionally, FlexSet will help electrical professionals reduce project risk and improve construction efficiencies.
  • Apr-2023: nVent Electric plc inked a definitive agreement to acquire ECM Industries, LLC, a manufacturer and supplier of electrical products. Through this acquisition, nVent Electric gains a complementary suite of electrical power connection and grounding solutions, including its ILSCO brand. Additionally, the companies will provide an extensive offering to customers, including electrical contractors, and to distribution partners.

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 Geography (Volume, Thousand Units, USD Billion, 2020-2031)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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 Global Electrical Enclosure Market, by Material
1.4.2 Global Electrical Enclosure Market, by End User
1.4.3 Global Electrical Enclosure Market, by Type
1.4.4 Global Electrical Enclosure Market, by Geography
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. Global Electrical Enclosure Market by Material
5.1 Global Metallic Market by Region
5.2 Global Non-metallic Market by Region
Chapter 6. Global Electrical Enclosure Market by End-user
6.1 Global Energy & Power Market by Region
6.2 Global Industrial Market by Region
6.3 Global Oil & Gas Market by Region
6.4 Global Telecommunications Market by Region
6.5 Global Others Market by Region
Chapter 7. Global Electrical Enclosure Market by Type
7.1 Global Wall-Mounted Market by Region
7.2 Global Free-Standing Market by Region
7.3 Global Underground Market by Region
Chapter 8. Global Electrical Enclosure Market by Region
8.1 North America Electrical Enclosure Market
8.1.1 North America Electrical Enclosure Market by Material
8.1.1.1 North America Metallic Market by Country
8.1.1.2 North America Non-metallic Market by Country
8.1.2 North America Electrical Enclosure Market by End-user
8.1.2.1 North America Energy & Power Market by Country
8.1.2.2 North America Industrial Market by Country
8.1.2.3 North America Oil & Gas Market by Country
8.1.2.4 North America Telecommunications Market by Country
8.1.2.5 North America Others Market by Country
8.1.3 North America Electrical Enclosure Market by Type
8.1.3.1 North America Wall-Mounted Market by Country
8.1.3.2 North America Free-Standing Market by Country
8.1.3.3 North America Underground Market by Country
8.1.4 North America Electrical Enclosure Market by Country
8.1.4.1 US Electrical Enclosure Market
8.1.4.1.1 US Electrical Enclosure Market by Material
8.1.4.1.2 US Electrical Enclosure Market by End-user
8.1.4.1.3 US Electrical Enclosure Market by Type
8.1.4.2 Canada Electrical Enclosure Market
8.1.4.2.1 Canada Electrical Enclosure Market by Material
8.1.4.2.2 Canada Electrical Enclosure Market by End-user
8.1.4.2.3 Canada Electrical Enclosure Market by Type
8.1.4.3 Mexico Electrical Enclosure Market
8.1.4.3.1 Mexico Electrical Enclosure Market by Material
8.1.4.3.2 Mexico Electrical Enclosure Market by End-user
8.1.4.3.3 Mexico Electrical Enclosure Market by Type
8.1.4.4 Rest of North America Electrical Enclosure Market
8.1.4.4.1 Rest of North America Electrical Enclosure Market by Material
8.1.4.4.2 Rest of North America Electrical Enclosure Market by End-user
8.1.4.4.3 Rest of North America Electrical Enclosure Market by Type
8.2 Europe Electrical Enclosure Market
8.2.1 Europe Electrical Enclosure Market by Material
8.2.1.1 Europe Metallic Market by Country
8.2.1.2 Europe Non-metallic Market by Country
8.2.2 Europe Electrical Enclosure Market by End-user
8.2.2.1 Europe Energy & Power Market by Country
8.2.2.2 Europe Industrial Market by Country
8.2.2.3 Europe Oil & Gas Market by Country
8.2.2.4 Europe Telecommunications Market by Country
8.2.2.5 Europe Others Market by Country
8.2.3 Europe Electrical Enclosure Market by Type
8.2.3.1 Europe Wall-Mounted Market by Country
8.2.3.2 Europe Free-Standing Market by Country
8.2.3.3 Europe Underground Market by Country
8.2.4 Europe Electrical Enclosure Market by Country
8.2.4.1 Germany Electrical Enclosure Market
8.2.4.1.1 Germany Electrical Enclosure Market by Material
8.2.4.1.2 Germany Electrical Enclosure Market by End-user
8.2.4.1.3 Germany Electrical Enclosure Market by Type
8.2.4.2 UK Electrical Enclosure Market
8.2.4.2.1 UK Electrical Enclosure Market by Material
8.2.4.2.2 UK Electrical Enclosure Market by End-user
8.2.4.2.3 UK Electrical Enclosure Market by Type
8.2.4.3 France Electrical Enclosure Market
8.2.4.3.1 France Electrical Enclosure Market by Material
8.2.4.3.2 France Electrical Enclosure Market by End-user
8.2.4.3.3 France Electrical Enclosure Market by Type
8.2.4.4 Russia Electrical Enclosure Market
8.2.4.4.1 Russia Electrical Enclosure Market by Material
8.2.4.4.2 Russia Electrical Enclosure Market by End-user
8.2.4.4.3 Russia Electrical Enclosure Market by Type
8.2.4.5 Spain Electrical Enclosure Market
8.2.4.5.1 Spain Electrical Enclosure Market by Material
8.2.4.5.2 Spain Electrical Enclosure Market by End-user
8.2.4.5.3 Spain Electrical Enclosure Market by Type
8.2.4.6 Italy Electrical Enclosure Market
8.2.4.6.1 Italy Electrical Enclosure Market by Material
8.2.4.6.2 Italy Electrical Enclosure Market by End-user
8.2.4.6.3 Italy Electrical Enclosure Market by Type
8.2.4.7 Rest of Europe Electrical Enclosure Market
8.2.4.7.1 Rest of Europe Electrical Enclosure Market by Material
8.2.4.7.2 Rest of Europe Electrical Enclosure Market by End-user
8.2.4.7.3 Rest of Europe Electrical Enclosure Market by Type
8.3 Asia Pacific Electrical Enclosure Market
8.3.1 Asia Pacific Electrical Enclosure Market by Material
8.3.1.1 Asia Pacific Metallic Market by Country
8.3.1.2 Asia Pacific Non-metallic Market by Country
8.3.2 Asia Pacific Electrical Enclosure Market by End-user
8.3.2.1 Asia Pacific Energy & Power Market by Country
8.3.2.2 Asia Pacific Industrial Market by Country
8.3.2.3 Asia Pacific Oil & Gas Market by Country
8.3.2.4 Asia Pacific Telecommunications Market by Country
8.3.2.5 Asia Pacific Others Market by Country
8.3.3 Asia Pacific Electrical Enclosure Market by Type
8.3.3.1 Asia Pacific Wall-Mounted Market by Country
8.3.3.2 Asia Pacific Free-Standing Market by Country
8.3.3.3 Asia Pacific Underground Market by Country
8.3.4 Asia Pacific Electrical Enclosure Market by Country
8.3.4.1 China Electrical Enclosure Market
8.3.4.1.1 China Electrical Enclosure Market by Material
8.3.4.1.2 China Electrical Enclosure Market by End-user
8.3.4.1.3 China Electrical Enclosure Market by Type
8.3.4.2 Japan Electrical Enclosure Market
8.3.4.2.1 Japan Electrical Enclosure Market by Material
8.3.4.2.2 Japan Electrical Enclosure Market by End-user
8.3.4.2.3 Japan Electrical Enclosure Market by Type
8.3.4.3 India Electrical Enclosure Market
8.3.4.3.1 India Electrical Enclosure Market by Material
8.3.4.3.2 India Electrical Enclosure Market by End-user
8.3.4.3.3 India Electrical Enclosure Market by Type
8.3.4.4 South Korea Electrical Enclosure Market
8.3.4.4.1 South Korea Electrical Enclosure Market by Material
8.3.4.4.2 South Korea Electrical Enclosure Market by End-user
8.3.4.4.3 South Korea Electrical Enclosure Market by Type
8.3.4.5 Singapore Electrical Enclosure Market
8.3.4.5.1 Singapore Electrical Enclosure Market by Material
8.3.4.5.2 Singapore Electrical Enclosure Market by End-user
8.3.4.5.3 Singapore Electrical Enclosure Market by Type
8.3.4.6 Malaysia Electrical Enclosure Market
8.3.4.6.1 Malaysia Electrical Enclosure Market by Material
8.3.4.6.2 Malaysia Electrical Enclosure Market by End-user
8.3.4.6.3 Malaysia Electrical Enclosure Market by Type
8.3.4.7 Rest of Asia Pacific Electrical Enclosure Market
8.3.4.7.1 Rest of Asia Pacific Electrical Enclosure Market by Material
8.3.4.7.2 Rest of Asia Pacific Electrical Enclosure Market by End-user
8.3.4.7.3 Rest of Asia Pacific Electrical Enclosure Market by Type
8.4 LAMEA Electrical Enclosure Market
8.4.1 LAMEA Electrical Enclosure Market by Material
8.4.1.1 LAMEA Metallic Market by Country
8.4.1.2 LAMEA Non-metallic Market by Country
8.4.2 LAMEA Electrical Enclosure Market by End-user
8.4.2.1 LAMEA Energy & Power Market by Country
8.4.2.2 LAMEA Industrial Market by Country
8.4.2.3 LAMEA Oil & Gas Market by Country
8.4.2.4 LAMEA Telecommunications Market by Country
8.4.2.5 LAMEA Others Market by Country
8.4.3 LAMEA Electrical Enclosure Market by Type
8.4.3.1 LAMEA Wall-Mounted Market by Country
8.4.3.2 LAMEA Free-Standing Market by Country
8.4.3.3 LAMEA Underground Market by Country
8.4.4 LAMEA Electrical Enclosure Market by Country
8.4.4.1 Brazil Electrical Enclosure Market
8.4.4.1.1 Brazil Electrical Enclosure Market by Material
8.4.4.1.2 Brazil Electrical Enclosure Market by End-user
8.4.4.1.3 Brazil Electrical Enclosure Market by Type
8.4.4.2 Argentina Electrical Enclosure Market
8.4.4.2.1 Argentina Electrical Enclosure Market by Material
8.4.4.2.2 Argentina Electrical Enclosure Market by End-user
8.4.4.2.3 Argentina Electrical Enclosure Market by Type
8.4.4.3 UAE Electrical Enclosure Market
8.4.4.3.1 UAE Electrical Enclosure Market by Material
8.4.4.3.2 UAE Electrical Enclosure Market by End-user
8.4.4.3.3 UAE Electrical Enclosure Market by Type
8.4.4.4 Saudi Arabia Electrical Enclosure Market
8.4.4.4.1 Saudi Arabia Electrical Enclosure Market by Material
8.4.4.4.2 Saudi Arabia Electrical Enclosure Market by End-user
8.4.4.4.3 Saudi Arabia Electrical Enclosure Market by Type
8.4.4.5 South Africa Electrical Enclosure Market
8.4.4.5.1 South Africa Electrical Enclosure Market by Material
8.4.4.5.2 South Africa Electrical Enclosure Market by End-user
8.4.4.5.3 South Africa Electrical Enclosure Market by Type
8.4.4.6 Nigeria Electrical Enclosure Market
8.4.4.6.1 Nigeria Electrical Enclosure Market by Material
8.4.4.6.2 Nigeria Electrical Enclosure Market by End-user
8.4.4.6.3 Nigeria Electrical Enclosure Market by Type
8.4.4.7 Rest of LAMEA Electrical Enclosure Market
8.4.4.7.1 Rest of LAMEA Electrical Enclosure Market by Material
8.4.4.7.2 Rest of LAMEA Electrical Enclosure Market by End-user
8.4.4.7.3 Rest of LAMEA 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
Chapter 10. Winning Imperatives of Electrical Enclosure Market

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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