Information Technology & Telecommunication / Electrical Enclosures Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Eaton Corp. Plc (NYSE: ETN), GE Industrial Solutions, Hubbell Inc. (NYSE: HUBB)
Electrical Enclosures Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Eaton Corp. Plc (NYSE: ETN), GE Industrial Solutions, Hubbell Inc. (NYSE: HUBB)
Over the next five years the Electrical Enclosuresmarket will register a 9% CAGR in terms of revenue, the global market size will reach USD 7.91 billion by 2027.
Electrical Enclosures Market Overview
Because of the upturn in the oil and gas industry and the demand for sanitary type enclosures valves in the food and beverage industry, the electric enclosure market is expected to rise steadily in the future years. Between 2022 and 2027, the market is predicted to increase at a CAGR of 9%, from USD 5.84 billion in 2017 to USD 7.91 billion in 2027. The study uses 2017 as the base year, and the prediction period is from 2022 through 2027. The report's goal is to give a comprehensive study of the market by mounting type, material type, form factor, industry vertical, and geography. The research includes thorough information on the primary elements impacting the electric enclosure industry's growth.
A key factor driving market growth is the increased need for enclosures in the renewable energy sector. Rising industrial maintenance costs, a growing focus on linked cities in developing areas, and tight safety and process requirements, among other things, are driving the electric enclosure industry. In addition, the growing trend of automation in businesses and the increasing product integration in smart homes would boost the electric enclosure market's growth rate.
The report aspects discussed the profile of the top manufacturers of the global Electrical Enclosures market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Electrical Enclosures Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Who are the Major Players in Electrical Enclosures Market?
The Electrical Enclosures Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Adalet, Allied Moulded Products Inc., Apx Enclosures Inc., Atlas Manufacturing, Attabox, Austin Electrical Enclosures, B&R Enclosures, Bartakke Electrofab Pvt. Ltd., Bison Profab, Bud Industries, Durham Co., Eaton Corp. Plc, Eldon Holding AB, Emerson Electric Co, Ensto Group, Fibox Oy AB, Gaurang Electronic Industries, GE Industrial Solutions, Hammond Manufacturing, Hubbell Inc., Integra Enclosures, Milbank Manufacturing Co., Penn Panel And Box Co. and others.
Industry News:
Bud Industries Announces Electronics Enclosures Solutions for Alternative Energy Applications
Bud Industries, Inc., a leading manufacturer of electronics enclosures, announced a complete suite of enclosure products for OEMs and operators of alternative energy equipment, including solar panels and wind turbines.
nVent Completes Acquisition of Eldon Enclosures Business
nVent Electric plc (NYSE: NVT) (“nVent”) today announced it has completed the previously announced acquisition of Eldon Holding AB, a privately held European-based enclosures business, for a cash purchase price of approximately $128 million, including repayment of Eldon debt. nVent is a global leader in enclosures, providing innovative solutions that protect, connect and manage heat in critical electronics, communication, control and power equipment through its nVent HOFFMAN and nVent SCHROFF brands.
Electrical Enclosures Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This Electrical Enclosures Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.
What are the major Applications, Types and Regions for Electrical Enclosures Market?
By Type, it is segmented into
Wall-mounted enclosure
Floor-mounted/Free-standing enclosure
Underground
By Applications it is segmented into
Power generation & distribution
Oil & gas
Metals & mining
Medical
Pulp & paper
Food & beverages
Transportation
Others
Electrical Enclosures Market Regional Analysis
During the forecast period, APAC is estimated to hold the highest share of the electric enclosure market. Increased investment in the power generation and distribution industry in China and India are major factors driving the market in APAC. The development of a massive rail and road network will also provide a significant boost to the region's market.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Electrical Enclosures Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Electrical Enclosures Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Electrical Enclosures Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 9% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Electrical Enclosures Report
Evaluate Electrical Enclosures market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Electrical Enclosures market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Electrical Enclosures Market is studied from 2017 - 2027.
What is the growth rate of Electrical Enclosures Market?
The Electrical Enclosures Market is growing at a CAGR of 9% over the next 5 years.
Who are the key players in Electrical Enclosures Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
