Electrical Enclosure Market by Type (Wall-mounted, Floor-mounted/Freestanding, Others), by Material Type ((Metallic (Stainless steel, Aluminum, Others), by Application (Industrial Control Systems (Manufacturing, Automotive), by By Type (Wall-mounted, Floor-mounted/Freestanding, Others), by Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, ASEAN, Oceania, Rest of the Asia Pacific), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of the Middle East & Africa), by South America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The size of the Electrical Enclosure market was valued at USD 7.07 USD Billion in 2023 and is projected to reach USD 11.65 USD Billion by 2032, with an expected CAGR of 7.4% during the forecast period. An electrical enclosure is a type of compartment that contains electrical as well as electronic parts to protect the parts from any form of influence by environmental factors and also from the effects that are brought about by tampering. These enclosures are available in three; metal, plastic, and fiberglass, and come with a different level of hardness and resistance. Metal enclosures including steel or aluminum offer high strength and durability as well as physical shock resistance and plastic enclosures offer lightweight and no corrosion. Fiberglass enclosures provide a good measure of strength and such features as chemical and heat resistance. These are normally attributes of electrical enclosures as some of them are waterproof, some are have provision for ventilation, and some are locked for security. They are widely applied in industrial control panels, outdoor electric facilities, and trade electric circuitries.
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October 2023: Rittal released the new VX SE Floormount enclosure NEMA 12/3R.
July 2023: Jameco Electronics added FIBOX-enhanced quality outdoor and indoor enclosures to their product line.
January 2023: nVent introduced the nVent HOFFMAN Extreme Environments product line.
July 2022: Schneider Electric launched the PrismaSeT S range, new metal enclosures.
March 2021: nVent expanded its industry enclosure solutions with a freestanding enclosure product line.
The global electrical enclosure market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Asia-Pacific currently holds the dominant market share, followed by North America and Europe.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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