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North America 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

  • 142 Pages
  • April 2024
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953487
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.

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)
  • US
  • Canada
  • Mexico
  • Rest of North America

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 North America Electrical Enclosure Market, by Material
1.4.2 North America Electrical Enclosure Market, by End User
1.4.3 North America Electrical Enclosure Market, by Type
1.4.4 North America 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. North America Electrical Enclosure Market by Material
5.1 North America Metallic Market by Country
5.2 North America Non-metallic Market by Country
Chapter 6. North America Electrical Enclosure Market by End-user
6.1 North America Energy & Power Market by Country
6.2 North America Industrial Market by Country
6.3 North America Oil & Gas Market by Country
6.4 North America Telecommunications Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Electrical Enclosure Market by Type
7.1 North America Wall-Mounted Market by Country
7.2 North America Free-Standing Market by Country
7.3 North America Underground Market by Country
Chapter 8. North America Electrical Enclosure Market by Country
8.1 US Electrical Enclosure Market
8.1.1 US Electrical Enclosure Market by Material
8.1.2 US Electrical Enclosure Market by End-user
8.1.3 US Electrical Enclosure Market by Type
8.2 Canada Electrical Enclosure Market
8.2.1 Canada Electrical Enclosure Market by Material
8.2.2 Canada Electrical Enclosure Market by End-user
8.2.3 Canada Electrical Enclosure Market by Type
8.3 Mexico Electrical Enclosure Market
8.3.1 Mexico Electrical Enclosure Market by Material
8.3.2 Mexico Electrical Enclosure Market by End-user
8.3.3 Mexico Electrical Enclosure Market by Type
8.4 Rest of North America Electrical Enclosure Market
8.4.1 Rest of North America Electrical Enclosure Market by Material
8.4.2 Rest of North America Electrical Enclosure Market by End-user
8.4.3 Rest of North America 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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