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Electrical Enclosures - Global Market Trajectory & Analytics

  • ID: 4804327
  • Report
  • June 2021
  • Region: Global
  • 430 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB Limited
  • APX Enclosures, Inc.
  • AZZ, Inc.
  • Eaton Corporation
  • Fibox Oy AB
  • Legrand
  • MORE

Global Electrical Enclosures Market to Reach US$7.6 Billion by the Year 2026


Electrical enclosure, referring to a cabinet containing various electrical as well as electronic components, provides protection to components and also designed to enhance overall aesthetic value. The enclosures exhibit properties such as protection against power dissipation, electrical breakdown and electromagnetic interferences. Rising demand for electricity and the subsequent efforts of the power industry worldwide to expand generation capacity have been driving demand for electrical enclosures. A trend with significant implications for the market is the increasing power being generated by renewable sources of energy, specifically solar and wind power. Since renewable energy generation units involve the use of several sensitive electrical components as well as batteries that need to be protected to prevent system failures, the demand for electrical enclosures to ensure safety of the systems is on the rise. Rising demand for hygienic electrical enclosures in the food & beverage sector, given the enhanced emphasis on hygienic surroundings, sustained demand for robust enclosures from oil & gas, and metals & mining sectors, and the escalating needs of renewable energy sector are also fueling market growth. Also favoring market is the growing adoption of IIoT (Industrial Internet of Things)-enabled enclosures, while the rising importance of intelligent transport systems is fueling need for electrical enclosures.

Amid the COVID-19 crisis, the global market for Electrical Enclosures estimated at US$5.6 Billion in the year 2020, is projected to reach a revised size of US$7.6 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Metallic, one of the segments analyzed in the report, is projected to grow at a 4.8% CAGR to reach US$5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Metallic segment is readjusted to a revised 5.9% CAGR for the next 7-year period. This segment currently accounts for a 35.1% share of the global Electrical Enclosures market. Non-metallic electrical enclosures continue to account for a significant share of the global market, with growth driven by their increasing adoption in major end-use markets such as the oil & gas and metals & mining industries. The segment also benefits from the significant increase in research and development activity associated with non-metallic enclosure materials, whereby manufacturers have developed and launched enclosure products with characteristics that make them ideal for use in critical applications.

The U.S. Market is Estimated at $1.8 Billion in 2021, While China is Forecast to Reach $1.4 Billion by 2026


The Electrical Enclosures market in the U.S. is estimated at US$1.8 Billion in the year 2021. The country currently accounts for a 32.01% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.4 Billion in the year 2026 trailing a CAGR of 8.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR while Rest of European market (as defined in the study) will reach US$1.5 Billion by the end of the analysis period. Growth in the Asia-Pacific region is being propelled by the steady rise in investments into expanding power generation and distribution infrastructure, especially in high growth economies of China and India. In developed economies of North America and Europe, growth is likely to be mainly fueled by the deployment of renewable energy power plants specifically those operating on wind and solar power. In the US, strong pace of industrial automation and trend towards smart homes augurs well for the electrical enclosures market. In Europe, demand for electrical enclosures will arise from the growing need to upgrade existing power transmission and distribution infrastructure.

Select Competitors (Total 94 Featured) -

  • ABB Limited
  • Adalet
  • Allied Moulded Products, Inc.
  • Atlas Precision Sheet Metal Solutions
  • Attabox LLC
  • APX Enclosures, Inc.
  • Austin Electrical Enclosures
  • AZZ, Inc.
  • B&R Enclosures Pty. Ltd.
  • Eaton Corporation
  • Emerson Electric Co.
  • Fibox Oy AB
  • Hammond Manufacturing Ltd.
  • Hubbell Inc.
  • Legrand
  • nVent Electric plc
  • Rittal GmbH & Co. KG
  • Saginaw Control and Engineering
  • Schneider Electric SE
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Limited
  • APX Enclosures, Inc.
  • AZZ, Inc.
  • Eaton Corporation
  • Fibox Oy AB
  • Legrand
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic Severely Disrupts Demand for Electrical Equipment and Products
  • An Introduction to Electrical Enclosures
  • Parameters Determining Use of Electrical Enclosure
  • Global Market Prospects & Outlook
  • Non-Metallic Enclosures: The Largest Segment
  • Power Generation & Distribution: The Major End-Use Market
  • Developing Regions Present Promising Growth Outlook
  • Competition
  • Exhibit 2: Electrical Enclosure Competitor Market Share Scenario Worldwide (in %): 2020E
  • Exhibit 3: Wall Mounted Electric Enclosures Global Competitor Market Share Positioning for 2020E
  • Exhibit 4: Floor Mounted Electric Enclosures Market Share Breakdown of Key Players: 2020E
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Rising Electricity Demand, Expanding Power Infrastructure and Focus on Safety of Electrical Equipment: Factors Driving Demand for Electrical Enclosures
  • Exhibit 5: Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Exhibit 6: Global Electricity Generation in Billion kWh by Fuel Type for the Years 2010, 2020, 2030, 2040 and 2050
  • Exhibit 7: Electricity Consumption in Trillion kWh by Region for the Years 2010, 2012, 2014, 2016 and 2018
  • Exhibit 8: China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50
  • Pandemic's Impact on Utilities Affects Demand for Enclosures
  • Exhibit 9: COVID-19 Impacts Electricity Consumption: Average Annual Growth Rate of Electricity Demand by Select Region/Country for 2001-06, 2006-10, 2011-15 and 2020
  • Focus on Increasing Renewable Energy Contribution to Global Energy Mix Augurs Well for Electrical Enclosures Market
  • Exhibit 10: Global Energy Mix: 1990 Vs 2020 Vs 2030
  • Exhibit 11: Global Renewable Energy Breakdown by Type: 2010 Vs 2030
  • Exhibit 12: Global Energy Production: Breakdown of Electricity (Billion Kilowatt Hours) and Percentage Share by Energy Source (2030 & 2040)
  • Non-Metallic Enclosures: Ideal for Use in Renewable Energy Applications
  • Growing Pressure on Power Grids, Aging Infrastructure and Need to Expand Power T&D Infrastructure to Propel Electrical Enclosures Market
  • Exhibit 13: Global Investments into Power Transmission & Distribution Infrastructure (in US$ Billion) for 2010, 2015, 2020, 2030 & 2040
  • Exhibit 14: Global Investments into Power T&D Infrastructure by Region (in %) for 2020 and 2040
  • With Smart Grid Implementations Gaining Traction, Opportunities in Store for Electrical Enclosures Market
  • Exhibit 15: Global Market for Smart Grids (in US$ Billion) for the Years 2020E
  • Enclosure Standards for Electrical Industry: Essential to Ensure Safety of Equipment
  • UL Releases New FTTA2/FTTA8 Recognition Certification for Enclosures in the US and Canada
  • Sample Testing & Evaluation
  • Simplifying Certification Process
  • Securing FTTA2/FTTA8 Recognition
  • Safety Emerges as a Prime Factor Fueling Adoption of Electrical Enclosures in Industrial Facilities
  • Explosion-Proof Enclosures Vital for Industrial Settings
  • Oil & Gas Industry: Hazardous Conditions Propel Need for Explosion-Proof Enclosures
  • Exhibit 16: Sustained Reliance on Fossil Fuels and Ensuing Demand for Oil Bodes Well for Market Expansion: Global Energy Demand & Growth (In Million Tonnes of Oil Equivalent (Mtoe)) for the Years 1990, 2000, 2010, 2020, 2030 and 2040
  • Oil and Gas Industry Confronts Challenging Times Amidst COVID-19 Outbreak, Affecting Demand for Electrical Equipment
  • Exhibit 17: Global Oil & Gas E&P Industry Spending (in US$ Billion) for 2015-2021E
  • Rising Importance of Electrical Enclosures for Agricultural Farming Sector
  • NEMA Ratings for Electrical Enclosures
  • Mounting Types for Agricultural Electrical Enclosures
  • Protecting Electronic Devices: Focus on Developing Rugged and Waterproof Enclosures
  • Food & Beverage Industry Gives Rise to Demand for Hygienic Enclosures
  • Mining Industry: Focus on Non-Metallic Enclosures
  • Electrical Enclosures for Transportation Sector: Promising Growth in Store
  • Rising Adoption of Intelligent Transport Systems to Support Market Demand
  • Shift towards Industry 4.0 and IIoT Presents Demand Potential for Electrical Enclosures in IIoT and Smart Sensor Applications
  • Outdoor Electrical Enclosures: Need to Protect Electrical Equipment Drives Market
  • Metal, Thermoplastic and Fiberglass: The Primary Materials for Electrical Enclosures
  • Plastic Enclosures Vs Steel Enclosures
  • Thermoset Plastics Find Growing Role in Electrical Enclosures
  • Fiberglass Electrical Enclosures: High Significance in Corrosive Applications
  • Fiberglass Enclosures Vs. Polycarbonate Enclosures: A Review
  • Flexibility and Reduced Footprint Drive Demand for Modular Design Enclosures
  • Best Materials for Modular Electrical Cabinets
  • Choice of Manufacturing Method: An Important Factor for Enclosures Market
  • Efficient Thermal Management: A Key Requirement for Electrical Enclosures
  • NEMA Enclosures: The Industry Standard for Electrical Manufacturers
  • A Review of Various NEMA Ratings for Enclosures
  • NEMA 3R Enclosures Hold an Edge for Outdoor Applications
  • NEMA 3R Enclosures Not Suitable for Outdoor Applications that are Hazardous
  • Innovations & Advancements Boost Market Prospects
  • Growing Need to Protect Electrical Enclosures against Temperature Changes
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Aging Power Transmission & Distribution Network to Boost Demand for Electrical Enclosures
  • Exhibit 18: Electricity Demand (Billion KWh) in the United States: 1980-2040
  • Exhibit 19: Transmission & Distribution Spending ($ Billion) in the United States: 1990-2009 & 2010-2030P
  • Focus on Renewable Energy Generation to Drive Demand for Electrical Enclosures
  • Exhibit 20: Net Electricity Generation in the US: Breakdown of Electricity Generation (Billion Kilowatt-hours) by Energy Source for 2000, 2010, 2020, 2030 & 2040
  • Competition
  • Exhibit 21: US Electrical Enclosure Market Share (in %) by Company: 2020E
  • Market Analytics
CANADA

JAPAN

CHINA

EUROPE
  • Market Overview
  • Exhibit 22: European Electrical Enclosure Market: Competitor Market Share Scenario (in %) for 2020E
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 94
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Limited
  • Adalet
  • Allied Moulded Products, Inc.
  • Atlas Precision Sheet Metal Solutions
  • Attabox LLC
  • APX Enclosures, Inc.
  • Austin Electrical Enclosures
  • AZZ, Inc.
  • B&R Enclosures Pty. Ltd.
  • Eaton Corporation
  • Emerson Electric Co.
  • Fibox Oy AB
  • Hammond Manufacturing Ltd.
  • Hubbell Inc.
  • Legrand
  • nVent Electric plc
  • Rittal GmbH & Co. KG
  • Saginaw Control and Engineering
  • Schneider Electric SE
Note: Product cover images may vary from those shown
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