The Global Electrical Enclosure Market size is expected to reach $13.3 billion by 2031, rising at a market growth of 7.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 16043.9 thousand units, experiencing a growth of 14.6% (2020-2023).
Oil and gas facilities, including drilling rigs, refineries, pipelines, and offshore platforms, operate in harsh and challenging environments characterized by extreme temperatures, high humidity, corrosive chemicals, and explosive atmospheres. Consequently, the oil & gas segment would generate 16.9% revenue share of the market by 2031. Also, UK would utilize 792.62 thousand units of wall-mounted electrical enclosure by 2030. Electrical enclosures protect sensitive equipment, such as control panels, instrumentation, and communication systems, from these environmental hazards.
The major strategies followed by the market participants are Mergers & Acquisitions as the key developmental strategy to keep pace with the changing demands of end users. For instance, In July 2023, nVent Electric plc completed the acquisition of Texa Industries S.r.l., a manufacturer of air conditioning and industrial refrigeration solutions. Under this acquisition, Texa will operate within the enclosures business segment of nVent Eelectric Plc. In January 2022, Eaton Corporation PLC took over Royal Power Solutions, a manufacturer of high-precision electrical connectivity components. Under this acquisition, Royal Power Solutions will improve the ability of Eaton Corporation in the eMobility, aerospace, and electrical businesses.
Based on the Analysis presented in the KBV Cardinal matrix; Siemens AG is the forerunner in the Market. In March 2021, Siemens AG acquired C&S Electric Limited, an electrical equipment manufacturer. Through this acquisition, Siemens gains part of C&S Electric's business in India that deals with making low-voltage switchgear components and panels, low- and medium-voltage power busbars, as well as protection and metering devices. And Companies such as Schneider Electric SE, Hubbell Incorporated, and Eaton Corporation PLC are some of the key innovators in Market.
Market Growth Factors
Smart manufacturing facilities incorporate IoT devices and sensors to collect real-time data on equipment performance, production metrics, and environmental conditions. These devices require protective enclosures to house sensitive electronic components and wiring, ensuring their reliability and functionality in industrial environments. In conclusion, the expansion of global smart manufacturing is driving the market's growth.
As renewable energy sources such as solar, wind, and hydroelectric power continue to gain prominence, there's a corresponding expansion in power generation facilities. These facilities require electrical enclosures to protect sensitive equipment such as inverters, converters, and control systems. Thus, growing renewable energy infrastructure is propelling the growth of the market.
Market Restraining Factors
Raw materials such as steel, aluminium, and plastics are the primary components manufacturing electrical enclosures. When the prices of these raw materials rise, the production costs for enclosure manufacturers directly increase. Higher production costs may lead to reduced profit margins or force manufacturers to pass the cost increases onto customers through higher product prices. Therefore, escalating raw material costs are hampering the growth of the market.
By Material Analysis
On the basis of material type, the market is segmented into metallic and non-metallic. The metallic segment recorded 64.8% revenue share in the market in 2023. Metal enclosures, particularly those made from steel, stainless steel, or aluminum, offer high durability and strength. They can withstand harsh environmental conditions, including extreme temperatures, moisture, corrosion, and physical impact, making them suitable for indoor and outdoor applications.
By End User Analysis
By end-user, the market is divided into industrial, energy & power, telecommunications, oil & gas, and others. The industrial segment procured a 28.27% revenue share in the market in 2023. In terms of volume, telecommunications segment utilized 2,060 thousand units of electrical enclosure in 2023. Industrial control systems often incorporate sensitive electronic components that require protection from environmental factors such as dust, moisture, temperature fluctuations, and electromagnetic interference (EMI). Electrical enclosures provide a secure and controlled environment for housing these components, safeguarding them against damage and ensuring reliable operation in industrial environments.
By Type Analysis
Based on type, the market is divided into wall-mounted, free-standing, and underground. In 2023, the wall-mounted segment garnered 50.5% revenue share in the market. Wall-mounted enclosures are space-efficient, making them ideal for installations where floor space is limited, or equipment needs to be located close to the point of use. In many industrial and commercial settings, floor space is at a premium, and wall-mounted enclosures allow for efficient utilization of available space.
By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region generated a 29.7% revenue share in the market. The adoption of renewable energy sources such as solar, wind, and hydroelectric power is rising in North America, driven by environmental concerns and government incentives. Electrical enclosures are essential for renewable energy infrastructure, housing inverters, converters, and monitoring systems.
Market Competition and Attributes
The market is characterized by intense competition among various players like Siemens AG, Schneider Electric SE, and Eaton Corporation PLC which offer a wide range of enclosure solutions. Companies differentiate themselves through product innovation, customization options, and added features like durability and weather resistance. Price competition is significant, especially in standard enclosure segments, leading to price wars and discounts. Efficient distribution networks and partnerships with distributors are crucial for reaching customers effectively. Overall, companies must focus on research and development, pricing strategies, distribution channels, and regulatory compliance to thrive in this competitive market.
Recent Strategies Deployed in the Market
- Mar-2024: Rittal North America LLC, a subsidiary of Rittal GmbH & Co. KG, launched the Wall Mount Vented (WMV) outdoor UL 3R Type Rated enclosure. The product offers simple maintenance that can be done on-site, along with some key benefits such as a strong design, built-in cooling, easy access for regular upkeep, and excellent protection against corrosion.
- Jan-2024: Hammond Manufacturing Company Limited came into partnership with Next Sales and Marketing Inc., Atlantic Canada's electrical manufacturer. Under this partnership, Next Sales and Marketing will offer its customers electrical enclosures for the commercial and industrial markets in Atlantic Canada.
- Jul-2023: nVent Electric plc completed the acquisition of Texa Industries S.r.l., a manufacturer of air conditioning and industrial refrigeration solutions. Under this acquisition, Texa will operate within the enclosures business segment of nVent Eelectric Plc. Additionally, with this acquisition, nVent gains a highly complementary portfolio, strengthening its position as a global systems provider.
- May-2023: Schneider Electric SE launched a low-voltage switchboard, FlexSeT. The product features a simplified, modular service model for switchboard design, sourcing, installation, and maintenance. Additionally, FlexSet will help electrical professionals reduce project risk and improve construction efficiencies.
- Apr-2023: nVent Electric plc inked a definitive agreement to acquire ECM Industries, LLC, a manufacturer and supplier of electrical products. Through this acquisition, nVent Electric gains a complementary suite of electrical power connection and grounding solutions, including its ILSCO brand. Additionally, the companies will provide an extensive offering to customers, including electrical contractors, and to distribution partners.
List of Key Companies Profiled
- Schneider Electric SE
- Hubbell Incorporated
- Siemens AG
- Eaton Corporation PLC
- Rittal GmbH & Co. KG (Friedhelm Loh Stiftung & Co. KG)
- nVent Electric plc
- Hammond Manufacturing Company Limited
- Saipwell Electric Co., Ltd. (Saip Electric Group)
- Fibox Oy Ab
- Equipto Electronics Corporation
Global Electrical Enclosure Market Report Segmentation
By Material (Volume, Thousand Units, USD Billion, 2020-2031)
By End User (Volume, Thousand Units, USD Billion, 2020-2031)
- Energy & Power
- Industrial
- Oil & Gas
- Telecommunications
- Others
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
- Wall-Mounted
- Free-Standing
- Underground
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Electrical Enclosure Market, by Material
- 1.4.2Global Electrical Enclosure Market, by End User
- 1.4.3Global Electrical Enclosure Market, by Type
- 1.4.4Global Electrical Enclosure Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
Chapter 4.Competition Analysis - Global
- 4.1KBV Cardinal Matrix
- 4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
- 4.2.4Geographical Expansions
- 4.3Top Winning Strategies
- 4.3.1Key Leading Strategies: Percentage Distribution (2019-2024)
- 4.3.2Key Strategic Move: (Mergers & Acquisition: 2021, Mar - 2023, Jul) Leading Players
- 4.4Porter's Five Forces Analysis
Chapter 5.Global Electrical Enclosure Market by Material
- 5.1Global Metallic Market by Region
- 5.2Global Non-metallic Market by Region
Chapter 6.Global Electrical Enclosure Market by End-user
- 6.1Global Energy & Power Market by Region
- 6.2Global Industrial Market by Region
- 6.3Global Oil & Gas Market by Region
- 6.4Global Telecommunications Market by Region
- 6.5Global Others Market by Region
Chapter 7.Global Electrical Enclosure Market by Type
- 7.1Global Wall-Mounted Market by Region
- 7.2Global Free-Standing Market by Region
- 7.3Global Underground Market by Region
Chapter 8.Global Electrical Enclosure Market by Region
- 8.1North America Electrical Enclosure Market
- 8.1.1North America Electrical Enclosure Market by Material
- 8.1.1.1North America Metallic Market by Country
- 8.1.1.2North America Non-metallic Market by Country
- 8.1.2North America Electrical Enclosure Market by End-user
- 8.1.2.1North America Energy & Power Market by Country
- 8.1.2.2North America Industrial Market by Country
- 8.1.2.3North America Oil & Gas Market by Country
- 8.1.2.4North America Telecommunications Market by Country
- 8.1.2.5North America Others Market by Country
- 8.1.3North America Electrical Enclosure Market by Type
- 8.1.3.1North America Wall-Mounted Market by Country
- 8.1.3.2North America Free-Standing Market by Country
- 8.1.3.3North America Underground Market by Country
- 8.1.4North America Electrical Enclosure Market by Country
- 8.1.4.1US Electrical Enclosure Market
- 8.1.4.1.1US Electrical Enclosure Market by Material
- 8.1.4.1.2US Electrical Enclosure Market by End-user
- 8.1.4.1.3US Electrical Enclosure Market by Type
- 8.1.4.2Canada Electrical Enclosure Market
- 8.1.4.2.1Canada Electrical Enclosure Market by Material
- 8.1.4.2.2Canada Electrical Enclosure Market by End-user
- 8.1.4.2.3Canada Electrical Enclosure Market by Type
- 8.1.4.3Mexico Electrical Enclosure Market
- 8.1.4.3.1Mexico Electrical Enclosure Market by Material
- 8.1.4.3.2Mexico Electrical Enclosure Market by End-user
- 8.1.4.3.3Mexico Electrical Enclosure Market by Type
- 8.1.4.4Rest of North America Electrical Enclosure Market
- 8.1.4.4.1Rest of North America Electrical Enclosure Market by Material
- 8.1.4.4.2Rest of North America Electrical Enclosure Market by End-user
- 8.1.4.4.3Rest of North America Electrical Enclosure Market by Type
- 8.2Europe Electrical Enclosure Market
- 8.2.1Europe Electrical Enclosure Market by Material
- 8.2.1.1Europe Metallic Market by Country
- 8.2.1.2Europe Non-metallic Market by Country
- 8.2.2Europe Electrical Enclosure Market by End-user
- 8.2.2.1Europe Energy & Power Market by Country
- 8.2.2.2Europe Industrial Market by Country
- 8.2.2.3Europe Oil & Gas Market by Country
- 8.2.2.4Europe Telecommunications Market by Country
- 8.2.2.5Europe Others Market by Country
- 8.2.3Europe Electrical Enclosure Market by Type
- 8.2.3.1Europe Wall-Mounted Market by Country
- 8.2.3.2Europe Free-Standing Market by Country
- 8.2.3.3Europe Underground Market by Country
- 8.2.4Europe Electrical Enclosure Market by Country
- 8.2.4.1Germany Electrical Enclosure Market
- 8.2.4.1.1Germany Electrical Enclosure Market by Material
- 8.2.4.1.2Germany Electrical Enclosure Market by End-user
- 8.2.4.1.3Germany Electrical Enclosure Market by Type
- 8.2.4.2UK Electrical Enclosure Market
- 8.2.4.2.1UK Electrical Enclosure Market by Material
- 8.2.4.2.2UK Electrical Enclosure Market by End-user
- 8.2.4.2.3UK Electrical Enclosure Market by Type
- 8.2.4.3France Electrical Enclosure Market
- 8.2.4.3.1France Electrical Enclosure Market by Material
- 8.2.4.3.2France Electrical Enclosure Market by End-user
- 8.2.4.3.3France Electrical Enclosure Market by Type
- 8.2.4.4Russia Electrical Enclosure Market
- 8.2.4.4.1Russia Electrical Enclosure Market by Material
- 8.2.4.4.2Russia Electrical Enclosure Market by End-user
- 8.2.4.4.3Russia Electrical Enclosure Market by Type
- 8.2.4.5Spain Electrical Enclosure Market
- 8.2.4.5.1Spain Electrical Enclosure Market by Material
- 8.2.4.5.2Spain Electrical Enclosure Market by End-user
- 8.2.4.5.3Spain Electrical Enclosure Market by Type
- 8.2.4.6Italy Electrical Enclosure Market
- 8.2.4.6.1Italy Electrical Enclosure Market by Material
- 8.2.4.6.2Italy Electrical Enclosure Market by End-user
- 8.2.4.6.3Italy Electrical Enclosure Market by Type
- 8.2.4.7Rest of Europe Electrical Enclosure Market
- 8.2.4.7.1Rest of Europe Electrical Enclosure Market by Material
- 8.2.4.7.2Rest of Europe Electrical Enclosure Market by End-user
- 8.2.4.7.3Rest of Europe Electrical Enclosure Market by Type
- 8.3Asia Pacific Electrical Enclosure Market
- 8.3.1Asia Pacific Electrical Enclosure Market by Material
- 8.3.1.1Asia Pacific Metallic Market by Country
- 8.3.1.2Asia Pacific Non-metallic Market by Country
- 8.3.2Asia Pacific Electrical Enclosure Market by End-user
- 8.3.2.1Asia Pacific Energy & Power Market by Country
- 8.3.2.2Asia Pacific Industrial Market by Country
- 8.3.2.3Asia Pacific Oil & Gas Market by Country
- 8.3.2.4Asia Pacific Telecommunications Market by Country
- 8.3.2.5Asia Pacific Others Market by Country
- 8.3.3Asia Pacific Electrical Enclosure Market by Type
- 8.3.3.1Asia Pacific Wall-Mounted Market by Country
- 8.3.3.2Asia Pacific Free-Standing Market by Country
- 8.3.3.3Asia Pacific Underground Market by Country
- 8.3.4Asia Pacific Electrical Enclosure Market by Country
- 8.3.4.1China Electrical Enclosure Market
- 8.3.4.1.1China Electrical Enclosure Market by Material
- 8.3.4.1.2China Electrical Enclosure Market by End-user
- 8.3.4.1.3China Electrical Enclosure Market by Type
- 8.3.4.2Japan Electrical Enclosure Market
- 8.3.4.2.1Japan Electrical Enclosure Market by Material
- 8.3.4.2.2Japan Electrical Enclosure Market by End-user
- 8.3.4.2.3Japan Electrical Enclosure Market by Type
- 8.3.4.3India Electrical Enclosure Market
- 8.3.4.3.1India Electrical Enclosure Market by Material
- 8.3.4.3.2India Electrical Enclosure Market by End-user
- 8.3.4.3.3India Electrical Enclosure Market by Type
- 8.3.4.4South Korea Electrical Enclosure Market
- 8.3.4.4.1South Korea Electrical Enclosure Market by Material
- 8.3.4.4.2South Korea Electrical Enclosure Market by End-user
- 8.3.4.4.3South Korea Electrical Enclosure Market by Type
- 8.3.4.5Singapore Electrical Enclosure Market
- 8.3.4.5.1Singapore Electrical Enclosure Market by Material
- 8.3.4.5.2Singapore Electrical Enclosure Market by End-user
- 8.3.4.5.3Singapore Electrical Enclosure Market by Type
- 8.3.4.6Malaysia Electrical Enclosure Market
- 8.3.4.6.1Malaysia Electrical Enclosure Market by Material
- 8.3.4.6.2Malaysia Electrical Enclosure Market by End-user
- 8.3.4.6.3Malaysia Electrical Enclosure Market by Type
- 8.3.4.7Rest of Asia Pacific Electrical Enclosure Market
- 8.3.4.7.1Rest of Asia Pacific Electrical Enclosure Market by Material
- 8.3.4.7.2Rest of Asia Pacific Electrical Enclosure Market by End-user
- 8.3.4.7.3Rest of Asia Pacific Electrical Enclosure Market by Type
- 8.4LAMEA Electrical Enclosure Market
- 8.4.1LAMEA Electrical Enclosure Market by Material
- 8.4.1.1LAMEA Metallic Market by Country
- 8.4.1.2LAMEA Non-metallic Market by Country
- 8.4.2LAMEA Electrical Enclosure Market by End-user
- 8.4.2.1LAMEA Energy & Power Market by Country
- 8.4.2.2LAMEA Industrial Market by Country
- 8.4.2.3LAMEA Oil & Gas Market by Country
- 8.4.2.4LAMEA Telecommunications Market by Country
- 8.4.2.5LAMEA Others Market by Country
- 8.4.3LAMEA Electrical Enclosure Market by Type
- 8.4.3.1LAMEA Wall-Mounted Market by Country
- 8.4.3.2LAMEA Free-Standing Market by Country
- 8.4.3.3LAMEA Underground Market by Country
- 8.4.4LAMEA Electrical Enclosure Market by Country
- 8.4.4.1Brazil Electrical Enclosure Market
- 8.4.4.1.1Brazil Electrical Enclosure Market by Material
- 8.4.4.1.2Brazil Electrical Enclosure Market by End-user
- 8.4.4.1.3Brazil Electrical Enclosure Market by Type
- 8.4.4.2Argentina Electrical Enclosure Market
- 8.4.4.2.1Argentina Electrical Enclosure Market by Material
- 8.4.4.2.2Argentina Electrical Enclosure Market by End-user
- 8.4.4.2.3Argentina Electrical Enclosure Market by Type
- 8.4.4.3UAE Electrical Enclosure Market
- 8.4.4.3.1UAE Electrical Enclosure Market by Material
- 8.4.4.3.2UAE Electrical Enclosure Market by End-user
- 8.4.4.3.3UAE Electrical Enclosure Market by Type
- 8.4.4.4Saudi Arabia Electrical Enclosure Market
- 8.4.4.4.1Saudi Arabia Electrical Enclosure Market by Material
- 8.4.4.4.2Saudi Arabia Electrical Enclosure Market by End-user
- 8.4.4.4.3Saudi Arabia Electrical Enclosure Market by Type
- 8.4.4.5South Africa Electrical Enclosure Market
- 8.4.4.5.1South Africa Electrical Enclosure Market by Material
- 8.4.4.5.2South Africa Electrical Enclosure Market by End-user
- 8.4.4.5.3South Africa Electrical Enclosure Market by Type
- 8.4.4.6Nigeria Electrical Enclosure Market
- 8.4.4.6.1Nigeria Electrical Enclosure Market by Material
- 8.4.4.6.2Nigeria Electrical Enclosure Market by End-user
- 8.4.4.6.3Nigeria Electrical Enclosure Market by Type
- 8.4.4.7Rest of LAMEA Electrical Enclosure Market
- 8.4.4.7.1Rest of LAMEA Electrical Enclosure Market by Material
- 8.4.4.7.2Rest of LAMEA Electrical Enclosure Market by End-user
- 8.4.4.7.3Rest of LAMEA Electrical Enclosure Market by Type
Chapter 9.Company Profiles
- 9.1Schneider Electric SE
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expense
- 9.1.5Recent strategies and developments:
- 9.1.5.1Product Launches and Product Expansions:
- 9.1.5.2Acquisition and Mergers:
- 9.1.6SWOT Analysis
- 9.2Hubbell Incorporated
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Segmental and Regional Analysis
- 9.2.4Research & Development Expenses
- 9.2.5Recent strategies and developments:
- 9.2.5.1Partnerships, Collaborations, and Agreements:
- 9.2.6SWOT Analysis
- 9.3Siemens AG
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expense
- 9.3.5Recent strategies and developments:
- 9.3.5.1Acquisition and Mergers:
- 9.3.6SWOT Analysis
- 9.4Eaton Corporation PLC
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expense
- 9.4.5Recent strategies and developments:
- 9.4.5.1Partnerships, Collaborations, and Agreements:
- 9.4.5.2Acquisition and Mergers:
- 9.4.6SWOT Analysis
- 9.5Rittal GmbH & Co. KG (Friedhelm Loh Stiftung & Co. KG)
- 9.5.1Company Overview
- 9.5.2Recent strategies and developments:
- 9.5.2.1Product Launches and Product Expansions:
- 9.5.3SWOT Analysis
- 9.6nVent Electric plc
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expenses
- 9.6.5Recent strategies and developments:
- 9.6.5.1Product Launches and Product Expansions:
- 9.6.5.2Acquisition and Mergers:
- 9.6.5.3Geographical Expansions:
- 9.6.6SWOT Analysis
- 9.7Hammond Manufacturing Company Limited
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Regional Analysis
- 9.7.4Recent strategies and developments:
- 9.7.4.1Partnerships, Collaborations, and Agreements:
- 9.7.5SWOT Analysis
- 9.8Saipwell Electric Co., Ltd. (Saip Electric Group)
- 9.8.1Company Overview
- 9.8.2SWOT Analysis
- 9.9Fibox Oy Ab
- 9.9.1Company Overview
- 9.9.2SWOT Analysis
- 9.10.Equipto Electronics Corporation
- 9.10.1Company Overview
- 9.10.2SWOT Analysis
Chapter 10.Winning Imperatives of Electrical Enclosure Market