[Latest] Global Electrical Enclosures Market Size/Share Worth USD 67.4 Billion by 2030 at a 5.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

Custom Market Insights
Custom Market Insights

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Electrical Enclosures Market size & share revenue was valued at approximately USD 44.04 Billion in 2021 and is expected to reach USD 47.10 billion in 2022 and is expected to reach around USD 67.4 Billion by 2030, at a CAGR of 5.5% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies 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, and others.

Sandy, Utah, USA, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “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 2022–2030” in its research database.

“According to the latest research study, the demand for global Electrical Enclosures Market size & share was valued at approximately USD 44.04 Billion in 2021 and is expected to reach USD 47.10 billion in 2022 and is expected to reach a value of around USD 67.4 Billion by 2030, at a compound annual growth rate (CAGR) of about 5.5% during the forecast period 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 electric enclosure comprises numerous electric components. It is a cabinet for electrical and electronic equipment that is used to mount switches, knobs, and displays, shield contents from the kit, protect users from electric shocks and attach displays. The primary purposes of an electric enclosure are to protect the user from electric shocks and the parts it covers from damage from the outside world. They are made with both functionality and basic visuals in mind. This is often installed within a wall’s layers so that all wires are concealed and the overall design is evident.

This is often installed within a wall’s layers so that all wires are concealed and the overall design is evident. Numerous applications, including electric transmission and distribution, energy and power, the transportation network, industrial and commercial building, and residential construction, are where they are used and are meant to help these businesses increase their markets.

Click Here to Access a Free Sample Report of the Global Electrical Enclosures Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20071

Growth Factors

The enclosures include characteristics that include defense against electromagnetic interference, electrical breakdown, and power dissipation. The global power industry’s efforts to increase generation capacity in response to rising global electricity consumption have increased the demand for electrical enclosures. The rise in power production from renewable energy sources, particularly solar and wind power, is a trend with substantial market ramifications. The need for electrical enclosures to maintain system safety is growing due to various delicate electrical components and batteries in renewable energy generation units, both of which need to be secured to avoid system failures.

The increased emphasis on hygienic environments in the food and beverage industry drives the need for clean electrical enclosures. Strong enclosure demand is also being generated by the oil and gas, metals and mining, and renewable energy industries. The market is also being helped by the increasing use of IIoT-enabled enclosures, while intelligent transportation systems’ expanding significance fuels the demand for electrical enclosures.


(A free sample of the Electrical Enclosures report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.

  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package

  • About 220+ Pages Research Report (Including Recent Research)

  • Provide detailed chapter-by-chapter guidance on the Request

  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022

  • Includes Tables and figures have been updated

  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 

  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Electrical Enclosures report has been modified to include the COVID-19 impact study prior to delivery.)

Request Customized Copy of Electrical Enclosures Market Report https://www.custommarketinsights.com/request-for-customization/?reportid=20071

Segmental Overview

The Electrical Enclosures market is classified into material and end-users. Based on material, the non-metallic segment is estimated to hold the larger market share in 2021. Sales of plastic electrical enclosure boxes are driven by a rising customer preference for non-metallic protective solutions at renewable energy production facilities due to advantageous characteristics like high durability, non-conductivity, low cost, and resistance to water, heat, and dust.

Key questions answered in this report:

  • What is the size of the Electrical Enclosures market and what is its expected growth rate?

  • What are the primary driving factors that push the Electrical Enclosures market forward?

  • What are the Electrical Enclosures Industry's top companies?

  • What are the different categories that the Electrical Enclosures Market caters to?

  • What will be the fastest-growing segment or region?

  • In the value chain, what role do essential players play?

  • What is the procedure for getting a free copy of the Electrical Enclosures market sample report and company profiles?

Click Here to Access a Free Sample Report of the Global Electrical Enclosures Market @ https://www.custommarketinsights.com/report/electrical-enclosures-market/

Regional Overview

The North American region is estimated to hold the dominant market position in the global electrical enclosures market. However, given that the United States was a pioneer in industrial automation, the need for electrical enclosures in this region is anticipated to be highly impacted by the expanding industrial automation and intelligent home integration.

Fossil fuels accounted for about 63% of this electrical generation, down from 65% in 2018 by 2%. Nuclear energy comprises around 20% of the energy from fossil fuels, and renewable energy consisting about 17%. According to the US EIA, small-scale solar photovoltaic systems generated an additional 30 billion kWh of electricity in 2018. The main drivers of the demand for electrical enclosures in the area have been regulatory agencies.

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2030

  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends

  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions

  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Directly Purchase a copy of the Electrical Enclosures report [220+ Pages] @ https://www.custommarketinsights.com/report/electrical-enclosures-market/

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

Base Year

2021

Forecast Period

2022-2030

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 Players Insights

The market for electronic enclosures is fragmented. The demand for electronic enclosures has prospects due to Industry 4.0 and rising energy usage in various countries. Existing rivals have intense competition with one another. Large corporations’ innovation strategies are currently driving the demand for electronic enclosures.

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Browse the full “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 2022–2030” Report at https://www.custommarketinsights.com/report/electrical-enclosures-market/


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

  • The U.S.

  • Canada

  • Mexico

Europe

  • France

  • The UK

  • Spain

  • Germany

  • Italy

  • Rest of Europe

Asia Pacific

  • China

  • Japan

  • India

  • 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

Click Here to Get a Free Sample Report of the Global Electrical Enclosures Market @ https://www.custommarketinsights.com/report/electrical-enclosures-market/

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.

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Electrical Enclosures Market: 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 2022–2030

This Electrical Enclosures Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Manufacturing Technology is used for Electrical Enclosures? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?

  • Who Are the Global Key Players in This Electrical Enclosures Market? What are Their Company Profile, Their Product Information, and Contact Information?

  • What Was the Global Market Status of the Electrical Enclosures Market? What Was the Capacity, Production Value, Cost and PROFIT of the Electrical Enclosures Market?

  • What Is the Current Market Status of the Electrical Enclosures Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Electrical Enclosures Market by Considering Applications and Types?

  • What Are Projections of the Global Electrical Enclosures Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?

  • What Is Electrical Enclosures Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

  • What Is Economic Impact on Electrical Enclosures Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?

  • What Are the Market Dynamics of the Electrical Enclosures Market? What Are Challenges and Opportunities?

  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electrical Enclosures Industry?

Directly Purchase a copy of the Electrical Enclosures report [220+ Pages] @ https://www.custommarketinsights.com/report/electrical-enclosures-market/

Reasons to Purchase Electrical Enclosures Market Report

  • Electrical Enclosures Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.

  • Electrical Enclosures Market report outlines market value (USD) data for each segment and sub-segment.

  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.

  • Electrical Enclosures Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.

  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.

  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.

  • The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.

  • Electrical Enclosures Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Click Here to Access a Free Sample Report of the Global Electrical Enclosures Market @https://www.custommarketinsights.com/report/electrical-enclosures-market/

Reasons for the Research Report

  • The study provides a thorough overview of the global Electrical Enclosures market. Compare your performance to that of the market as a whole.

  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Electrical Enclosures market analysis.

  • The competitive environment of current and potential participants in the Electrical Enclosures market is covered in the report, as well as those companies' strategic product development ambitions.

  • According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Electrical Enclosures market should find this report useful. The research will be useful to all market participants in the Electrical Enclosures Industry.

  • Managers in the Electrical Enclosures sector are interested in publishing up-to-date and projected data about the worldwide Electrical Enclosures market.

  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Electrical Enclosures products' market trends.

  • Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

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