Electric Enclosure Market was valued at US$ 46.62 Bn. in 2023 and is forecasted to grow at a value of US $ 90 Bn. in 2029. The Global Electric Enclosure Market size is estimated to grow at a CAGR of 8.57% over the forecast period.
Electric Enclosure Market Overview:
Maximize Market Research (MMR) conducts an in-depth analysis of the global Electric Enclosure Market, examining each sector and taking into account both global and regional trends. The report ensures a balanced market overview by extensively covering the primary drivers and significant restraints. To offer readers a comprehensive understanding of the Electric Enclosure Market, the report is organized into distinct sections, encompassing Products, Applications, Retailers, and Regions. Furthermore, the report provides long-term industry forecasts for the global Electric Enclosure Market, allowing for informed decision-making.
Electric Enclosure Market Scope
This report provides an extensive analysis of the Electric Enclosure Market, encompassing its presence at country, regional, and global levels. The regional analysis offers insights into the Electric Enclosure Market’s penetration, competitive landscape, and demand dynamics at the local, regional, and global scales. The data utilized in this analysis is obtained through a combination of primary and secondary research methods. The primary research methods involve surveys, telephonic interviews with industry specialists, market leaders, entrepreneurs, and marketing professionals. Secondary data, sourced from reliable and selected references, includes official databases from various organizations, industry journals, white papers, and annual reports, ensuring the reliability of the obtained insights.
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Segmentation
1. Electric Enclosure Market Size, by Material Type(2023-2029)
• Metallic
• Non-metallic
There are two segments in the global electric enclosure market: metallic and non-metallic. In 2023, the non-metallic segment accounted for over 50% of the market, holding the greatest share. Because they are lightweight, don’t require a lot of work to insert, and are incredibly economical, non-metallic boxes are an excellent choice in a variety of situations.
2. Electric Enclosure Market Size, by Mounting type (2023-2029)
• Wall-mounted
• Floor mounted
• Under ground mounted
There are three segments in the global electric enclosure market: wall mounted, floor mounted, and under mounted. During the projection period, the wall mounting segment is anticipated to rise significantly at a CAGR of 7.92%. For smaller electronic components that need to be mounted firmly, wall mounting is offered as NEMA type 4 or 12 protection; this includes circuit boards, house switches, and other electrical components. This is perfect, if you have a weatherproof wall box with an ingress protection rating, for both indoor and outdoor use.
3. Electric Enclosure Market Size, by Industry vertical (2023-2029)
• Power generation & distribution
• Oil & Gas
• Metal & Mining
• Medical
• Pulp & Paper
• Food & Beverages
• Transportation
Power generation and distribution, oil and gas, metal and mining, medical, pulp and paper, food and beverage, transportation, and other industries are the segments that make up the global electric enclosure market.
According to EIA reports on the electric enclosure market, energy and power account for 18% of industry consumption in 2023, making them a highly connected and dependent industry on the enclosures. This explains why electric enclosures are used so extensively in these verticals. The second sector utilizing these electric enclosures is the oil and gas refinery sector, which extracts oils and gases. This sector is anticipated to increase in the food and beverage sector and requires constant, dependable equipment to operate smoothly.
Key Players:
• Schneider Electric
• Legrand SA
• Hubbell Inc.
• Emerson Electric Co.
• ABB Ltd.
• Eaton Corporation
• Eldon Holding AB
• AZZ Inc.
• Austin Electrical enclosure
• Siemens AG
• Dentair PLC
• Rittal GmbH & CO.
• Adalet Company
• Hammond Manufacturing
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Regional Analysis
The report offers a comprehensive analysis of the growth pattern of the global Electric Enclosure Market, providing detailed insights into its trajectory. It focuses on the most influential regions in the Electric Enclosure Market, including North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which collectively have a global impact. The forecast of the Electric Enclosure Market for each country incorporates significant indicators such as consumption quantities, manufacturing sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and value chain analysis. These indicators play a vital role in understanding the market dynamics and predicting its future trends.
Key Questions answered in the Electric Enclosure Market Report are:
- What is Electric Enclosure Market?
- What is the forecast period of the Electric Enclosure Market?
- What is the competitive scenario of the Electric Enclosure Market?
- Which region held the largest market share in the Electric Enclosure Market?
- What are the opportunities for the Electric Enclosure Market?
- What are the restraining factors in the Electric Enclosure Market?
- Who are the key players of the Electric Enclosure Market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Electric Enclosure Market.
- Landscape- Leading key players and other prominent key players.
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