Electrical Enclosures Global Market Report 2022: Sustained Reliance on Fossil Fuels and Ensuing Demand for Oil Bodes Well for Growth

DUBLIN, Nov. 15, 2022 /PRNewswire/ -- The "Electrical Enclosures - Global Market Trajectory & Analytics" report has been added to  ResearchAndMarkets.com's offering.

Global Electrical Enclosures Market to Reach $8 Billion by 2027

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$8 Billion by 2027, growing at a CAGR of 5.2% over the period 2020-2027. Metallic, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Metallic segment is readjusted to a revised 5.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 8.1% CAGR

The Electrical Enclosures market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 8.1% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

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

Key Topics Covered:

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
• 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
• Electrical Enclosures - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Competition
• Electrical Enclosure Competitor Market Share Scenario Worldwide (in %): 2020E
• Wall Mounted Electric Enclosures Global Competitor Market Share Positioning for 2020E
• 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
• Pandemic's Impact on Utilities Affects Demand for Enclosures
• Focus on Increasing Renewable Energy Contribution to Global Energy Mix Augurs Well for Electrical Enclosures Market
• 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
• With Smart Grid Implementations Gaining Traction, Opportunities in Store for Electrical Enclosures Market
• 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
• 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
• Sustained Reliance on Fossil Fuels and Ensuing Demand for Oil Bodes Well for Market Expansion
• Oil and Gas Industry Confronts Challenging Times Amidst COVID-19 Outbreak, Affecting Demand for Electrical Equipment
• Rising Importance of Electrical Enclosures for Agricultural Farming Sector
• 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
• 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
• Thermoset Plastics Find Growing Role in Electrical Enclosures
• Fiberglass Enclosures Vs. Polycarbonate Enclosures: A Review
• Flexibility and Reduced Footprint Drive Demand for Modular Design Enclosures
• 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
• Innovations & Advancements Boost Market Prospects
• Growing Need to Protect Electrical Enclosures against Temperature Changes

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

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

For more information about this report visit https://www.researchandmarkets.com/r/3oj456

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