Global Electrical Enclosure Market: Overview
An electrical enclosure is a cabinet that contains various electrical and electronic components. Mainly it is implied for protecting the user from electrical shock and safeguarding the parts it covers from external damage. It is also opted for securing electrical wires, free from dirt and dust and secured. They are designed to be functional and provide aesthetic value. They also exhibit favorable possessions that are relevant to power dissipation, electromagnetic interference, and electrical breakdown. The requirement of an enclosure is governed by various national regulatory standards. Stringent regulations are applicable to those used in hazardous areas facing fire or explosion risks. It is particularly applicable to locations such as coal mines and chemical plants where potential risks include flammable gases, combustible dust, and other volatile vapors or particles.
Request Brochure of Electrical Enclosure Market Report for more Industry Insights @ CLICK HERE NOW
Global Electrical Enclosure Market: Growth Factors
The global electrical enclosure market is driven by factors such as increasing demand for enclosures in the renewable energy sector and stringent safety and process regulations. Moreover, the increased the cost of industrial maintenance operations and increasing focus on connected cities in developing regions are some of the factors driving the market growth. In addition, increasing demand for energy and electricity is driving the market growth during the forecast period. The rate of penetration of green energy is expected to accelerate the demand for the electrical enclosure. However, price competitiveness and seal leakage problems in electric enclosures are some of the factors expected to hamper the market growth. The need for Industrial Internet of Things (IIoT) enabled enclosures and the increasing importance of customer services are expected to create an opportunity for the market players. Minimizing lead time is one of the challenges faced by market players.
Global Electrical Enclosure Market: Segmentation
The global electrical enclosure market is segmented on the basis of material type, mounting type, form factor, application, and region. Based on the material type, the market fragmented into metallic and nonmetallic. In terms of mounting type, the market is segregated into the wall-mounted enclosure, free-standing enclosure, and underground electric enclosure. Based on the form factor, the market is bifurcated into small enclosures, compact electric enclosures, and free-size electric enclosures. By application, the market is segmented into power generation and distribution, oil & gas, metals & mining, medical, pulp & paper, transportation, food & beverages, and other applications.
Get Sample of Electrical Enclosure Market Report for more Industry Insights @ CLICK HERE NOW
Global Electrical Enclosure Market: Regional Analysis
The Asia Pacific is expected to hold the largest share of the electric enclosure market during the forecast period. The major factor driving the market in Asia Pacific region is growing demand for energy & power from both the residential and commercial sectors. In addition, the major factor driving the market in the region is increased investment in the power generation & distribution sector in China and India. Moreover, vast rail and road network requirement in emerging countries is also significantly boosting the market demand in Asia Pacific regions. China is expected to be a lucrative region for the market owing to the rapid industrialization in this country. Developed countries in Europe & North America are expected to be moderate growth during the forecast period. The major factors driven by the market are the installation of power stations running on renewable sources of energy such as solar and wind energy.
Global Electrical Enclosure Market: Competitive Players
Some of the important key players in global electrical enclosure market are Rittal, Schneider, Pentair, Hubbell, Emerson Electric Company, Legrand, Eldon Holding AB, ABB, Hammond, and AZZ, among others.
Inquiry more about this report @ CLICK HERE NOW
Global Electrical Enclosure Market: Regional Segment Analysis
- North America
- The U.S.
- The UK
- The Asia Pacific
- Latin America
- The Middle East and Africa