Electric Enclosure Market Size, Share, Industry, Forecast and outlook (2024-2031)

Electric Enclosure Market is Segmented By Material (Metallic, Aluminum, Stainless steel, Mild steel, Others, Nonmetallic, Fiberglass, Polycarbonate, PVC, Polyester), By Mounting (Floor-mounted/Free-standing enclosure, Wall-mounted enclosure, Underground), By Form Factor (Free-size enclosure, Small enclosure, Compact enclosure), By End-User (Power generation & distribution, Oil & Gas, Metals & Mining, Others, Pulp & paper, Food & beverages, Transportation, Oil & gas, Metals & mining, Medical, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030 

Electric Enclosure Market Overview

The Electric Enclosure Market report analyzes the global market size, shares, recent trends, competitive intelligence, and future market outlook. Electric enclosures are protective cabinets or boxes used to house electrical components and equipment, ensuring their safety and efficient operation. The market is driven by the growing adoption of automation and control systems, the increasing demand for electrical safety and protection, and the development of smart cities and infrastructure. In Asia Pacific, the Electric Enclosure Market is experiencing significant growth. Key players in the market include Rittal GmbH & Co. KG, Schneider Electric SE, nVent Electric plc, and other prominent players.

Electric Enclosure Market Scope and Summary

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An electric enclosure is a cabinet-like system for electrical or related electronic equipment used to place knobs, switches, and displays to protect the contents from the environment and prevent electrical shock to users. Users can only view the enclosure as it is the only portion of the device they can see. It could be created not merely to meet functional needs but also to attract sight.

Electrical equipment enclosures in hazardous environments, such as petrochemical plants or coal mines, may be required to fulfill strict criteria. Electronic packaging can impose heat dissipation, radio frequency interference, electrostatic discharge protection, and functional, aesthetic, and commercial constraints on an enclosure.

Enclosures for electrical equipment are made to be both functional and attractive. They may also require good electromagnetic interference, power dissipation, and electrical breakdown qualities. Various national regulatory standards dictate the requirements for electrical enclosures.

Flammable gases, combustible dust, and other volatile vapors or particles in hazardous areas facing fire or explosion risks are subject to strict regulations. The strict regulations are especially true in places like coal mines and chemical plants, where potential risks include flammable gases, combustible dust, and other volatile vapors or particles. Special electrical enclosures may be required in areas prone to lightning strikes or floods.

Electric Enclosure Market Dynamics and Trends

The growing demand for energy and electricity and a shift towards renewable energy sources boost the global electrical enclosures market.

The growing demand for energy and electricity and a shift towards renewable energy sources boost the global electrical enclosures market

The global electrical enclosures market is driven by rising energy and power demand. Because of its growing development, China is projected to be a lucrative market. The electrical enclosures market in developed nations in Europe and North America is expected to be gradual (due to well-established power infrastructure in these regions) and driven by the building of power plants that use renewable energy sources such as solar and wind.

The requirement to modernize power infrastructure in emerging countries is projected to boost the market for electrical enclosures in the forecast period

In the coming decade, India, Indonesia, and Nigeria are expected to spend significantly on the utility industry, as several regions of these nations lack access to reliable sources of electricity. Electrical enclosures made of higher-quality materials are likely to become more common in these countries, with low-cost materials like PVC expected to be phased out. The oil and gas industry has an extremely strong demand for high-quality electrical enclosures. The power generating, water & wastewater, and mining industries are key end-users of this industry.

Furthermore, Rising environmental concerns about nuclear power and fossil fuels are driving governments to shift their focus to renewable energy sources like wind and solar power. They are concentrating their efforts on developing green energy infrastructure to maximize the utilization of renewable resources.

For example, under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan, the Indian government proposed an allocation of US$ 4.59 billion to construct green energy infrastructures to boost renewable energy capacity to 25,750 MW by 2022.

Electrical security solutions, such as electrical enclosures, are in high demand; for instance, solar panels and windmills are built to prevent electricity theft and protect electrical circuits from environmental influences such as dust, rain, and other elements. As a result, many such breakthroughs worldwide are expected to provide profitable market growth prospects.

The high cost of metallic electric enclosures and the short span of plastic electric squares is hurdling the growth of the electric enclosures market

Electrical box enclosures are box-type cabinets used to protect electric tools from shock. The enclosures can be manufactured using different materials, both metallic and plastic. However, each material has its respective challenges.

For instance, the metal electrical box enclosure is perfect to use, but the high cost of the material is severely challenging the material's market share. Furthermore, the high corrosion rate of the material is another factor adding to the restraint factors of the material.

Plastic electric enclosures are another material growing the market share for the product. However, the growing use of cheap plastic quality as raw materials reduces the product's shelf-life, reducing the product's overall lifespan.

COVID-19 Impact on Electric Enclosure Market Growth

The outbreak of the COVID-19 pandemic has caused a severe impact on a variety of significant processes and industries, including energy and power, industrial, medical, and others. The virus's rapid spread has prompted governments worldwide to impose stringent human and vehicle movement restrictions.

Furthermore, the power generation and distribution sector has seen a major downfall, particularly by reducing demand, financial stress, and disruptions to the power supply chain, impacting the electrical enclosures market. The overall market revenue for the electric enclosure market is restrained by constrained manufacturing activities and reduced demand from end-use industries, resulting in a decline in the market growth over the next few years.

Electric Enclosure Market Segment and Shares

The global electric enclosure market is segmented on material, mounting, form factor, end-user, and region.

Due to favorable attributes such as high durability, non-conductivity, low cost, and resistance to water, heat, and dust, customers are increasingly opting for nonmetallic protective solutions

The global electric enclosure market is segmented into metallic and nonmetallic based on the material. Nonmetallic electric enclosures hold a significant market share in the global electrical enclosures market. Plastic is the fastest-growing segment in the nonmetallic category and is also good to use in several circumstances.

The material offers advantages such as the boxes don’t require high energy for insertion; they are lightweight and highly affordable, accelerating the segment's market growth compared to the metallic segment. However, nonmetallic boxes can crack easily and have a short lifespan which is the primary restraint for the segment's growth. Furthermore, Due to favorable attributes such as high durability, non-conductivity, low cost, and resistance to water, heat, and dust, customers are increasingly opting for nonmetallic protective solutions at renewable energy production plants, which is driving sales plastic electrical enclosure boxes across the segment.

Electric Enclosure Market Geographical Analysis

The expanding industrial automation and smart home integration are likely to drive the electrical enclosures market in North America considerably

The expanding industrial automation and smart home integration are likely to drive the electrical enclosures market in this region, especially because the U.S. was an early adopter of industrial automation.

Fossil fuels accounted for about 63 percent of total electricity generation, down from 65 percent in 2018. Nuclear energy provided around 20% of the energy from fossil fuels, while renewable energy sources provided about 17%. As per the US Energy Information Administration, small-scale solar photovoltaic systems generated 30 billion kWh of electricity in 2018. The regulatory organizations in the region have been the driving force behind the need for electrical enclosures.

Furthermore, intelligent houses are becoming increasingly popular in North America with rising security concerns and energy conservation awareness. Due to consumer behavior of having a clean environment, technical improvements in intelligent gadgets and their adoption in more households are projected to act as possibilities for the electrical enclosures industry.

The growing number of such facilities and the strict regulations that come with them are projected to propel the electronic enclosures market in North America to new heights.

Electric Enclosure Companies and Competitive Landscape

The global electric enclosure market is highly competitive with local and global companies. Some prime companies contributing to the market's growth are Rittal GmbH & Co. KG, Schneider, Saginaw Control & Engineering, Pentair, Emerson, Eaton, Hammond Manufacturing Ltd., ABB, Hubbell, Fibox, and others.

The major companies are adopting several growth strategies such as acquisitions, product launches, and collaborations, contributing to the global growth of the electric enclosure market.

• On September 27, 2021, nVent Electric plc, a globally growing company in electrical connection and protection solutions, announced the additional wall-mount enclosures and accessories in its nVent HOFFMAN Global IEC offering in North America

Rittal GmbH & Co. KG

Overview: Rittal GmbH & Co. KG is the Canadian subsidiary of Rittal GmbH & Co. KG, Germany, the world's top system supplier for enclosures, power distribution, temperature control, IT infrastructure, and software & services. Rittal, founded in 1961, presently has eight production sites, 64 subsidiaries, and 9,100 people worldwide. The Friedhelm Loh Group of Haiger, Germany, has 12 industrial facilities, 94 businesses, and 11,600 people, with Rittal being the largest.

Product Portfolio: Small enclosures: Small enclosures in a variety of styles: Enclosures made of polycarbonate (PK), aluminum (GA), compact enclosures (KX), sheet steel (with or without gland plate), e-boxes, and bus enclosures are all available. The wall-mounted enclosures meet the highest criteria for electrical component safety in tiny controller applications. IP 66 is the highest level of protection available.

Key Development

• In April 2019, At the Hanover Trade Fair, Rittal GmbH & Co. KG displayed its new AX compact and KX small enclosures (Hannover Messe). The new AX and KX are digitally integrated, allowing for easier, faster assembly and component installation and increased flexibility and safety. As a result, Rittal has rethought and revamped this solution to meet the demands of Industry 4.0. The product, its operational environment, and its availability all face additional hurdles from digital transformation.