Electrical Enclosure Market by Product Type Trends Analysis Forecast to 2020

The electrical enclosures play a crucial role in housing and protecting the electrical /electronic equipment from water, oil, dust, and harsh environmental conditions. The various industry verticals demand customized electrical enclosures to protect their electrical equipment in harsh environmental conditions. Materials that provide high impact resistance & low heat absorption with reliable efficiency are preferred in the industries such as energy & power, food & beverages, transportation, and others. This creates an opportunity for the manufacturers to design highly efficient standardized as well as customized electrical enclosures for these industries.

The total electrical enclosures market was valued at $4,021.02 Million in 2014 and is expected to reach $5,857.46 Million by 2020, at a CAGR of 6.4% between 2015 and 2020.

The factors driving the growth of the electrical enclosures market are the trend of home automation and process automation, government rules & regulations regarding safety of the end user, and the growing residential & industrial infrastructure. However, the major restraints for the growth of the market are the high price of the standard enclosures and the highly fragmented market as many SMEs and private players play an important role in the supply chain of enclosure products. Custom enclosures with the highest level of customization and efficiency are in great demand, and the unique project requirements provide opportunities for the growth of the market.

The factors such as the global increase in the residential & industrial infrastructure, expansion of the renewable energy & power sector, and increasing safety regulations in various industries are some of the factors driving the growth of the market. This report profiles the major companies involved in the market including Rittal GmbH & Co. KG (Germany), Pentair Plc. (U.K.), Schneider Electric SE (France), Emerson Electric Company (U.S.), Legrand (France), Hubbell, Inc. (U.S.), Eaton Corporation (Ireland), Eldon Holding AB (Sweden), ABB Ltd (Switzerland), and AZZ Inc. (U.S.).

The factors driving the growth of the electrical enclosures market are the trend of home automation and process automation, government rules & regulations regarding safety of the end user, and the growing residential & industrial infrastructure. However, the major restraints for the growth of the market are the high price of the standard enclosures and the highly fragmented market as many SMEs and private players play an important role in the supply chain of enclosure products. Custom enclosures with the highest level of customization and efficiency are in great demand, and the unique project requirements provide opportunities for the growth of the market.

In terms of the form factor segment, the electrical enclosure market is classified into small enclosure, compact enclosure, and free-size enclosure. The market is also classified on the basis of the material used for designing an enclosure, such as metallic enclosures and non-metallic enclosures. The product type segmentation covers drip-tight enclosure, dust-type enclosure, flame/explosion-proof enclosure, hazardous environment enclosure, and others.  In terms different industry verticals, the market is classified into energy & power, commercial & industrial, food & beverage, transportation, and others. The growth of the market in Europe is attributed to the growing home automation and industrial automation practices. The European market is growing at the highest growth in comparison with other regions.

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