Electrical Enclosure Market
Electrical Enclosure Market: Increasing Demand to be Witnessed from the Industrial Sector over the Forecast Period: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028
- 2018-06-22
- REP-GB-561
- 451 pages
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An Incisive, In-depth Analysis on the Electrical Enclosure Market
This study offers a comprehensive, 360 degree analysis on the Electrical Enclosure market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Electrical Enclosure market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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Request Covid -19 ImpactAn electrical enclosure is a container/ box that encloses electrical connections for safekeeping as well as to ensure the safety of the general public. The whole point of an electrical enclosure box is to keep wires safe, free from dirt and dust and secured. An electrical enclosure is usually installed within the layers of a wall so that all wires are concealed and the overall build looks neat and tidy. Growth of end-use applications, such as electricity transmission and distribution, energy and power, transportation network, industrial and commercial and residential construction, are expected to create healthy growth opportunities for the Electrical Enclosure market. Some of the end-use applications considered in this report on electrical enclosures include industrial, commercial and residential sectors. The global Electrical Enclosure market is estimated to have been valued at US$ 6,161.0 Mn at the end of 2017 and is expected to reach US$ 10,370.0 Mn by the end of 2028 while expanding at a CAGR of 4.9% over the forecast period. The global Electrical Enclosure market is anticipated to represent incremental opportunity of US$ 3,940.2 Mn between 2018 and 2028.
Growing Electricity Consumption in SEAP Will Push the Global Electrical Enclosure Market
Electricity consumption in SEAP has grown at a significant pace, driven by rising population, rapid urbanization, growth in industrial production and mining and progressive extension of access to modern electricity to large segments of the rural population. Developing countries in South East Asia & Pacific are looking to restructure their electricity industry, improve competitiveness and efficiency, stimulate new generation technologies and mobilize more private funds to boost electricity supplies and improve reliability. All of these factors will require reliable power controlling facilities, which will ultimately drive the demand for electrical enclosures, thereby boosting the demand in the Global Electrical Enclosures market.
Growing Demand for Green Energy Will Boost the Demand for Electrical Enclosures
The rate of penetration of green energy is anticipated to accelerate the demand for electrical enclosure as these play an effective role in ensuring safety and effective connection quality of green energy. Renewable or green energy has been the major focal point in China over the last decade. The adoption of green energy is still low due to the high technological cost associated with it and associated power system issues. Only relatively limited work has been carried out to incorporate system devices into green energy plants. However, the establishment of renewable energy plants will definitely enhance the growth of the electrical enclosures market during the forecast period.
Strengthening Regional Transmission Network Will Push the Demand for Electrical Enclosures
Over the last decade, utility companies have been investing to strengthen their transmission network, especially in rural areas. The projects include designing, manufacturing, installing and commissioning of capacitor banks at substations to improve flexibility and reduce their reliance on a single power station. All these measures are being taken to optimise energy generation, enable substation automation, improve transmission and distribution as well as increase reliability and precision in industrial processes, infrastructure and buildings. However, the region lags behind in terms of safety installations in the region as compared to developed countries, which will both be an opportunity and a driving factor for the growth of the electrical enclosure market over the forecast period.
China Is Expected to Remain the Dominant Regional Market in the Global Electrical Enclosures Market over the Forecast Period
The China Electrical Enclosure market is expected to represent significantly high incremental opportunity between 2018 and 2028 and the North America Electrical Enclosure market is projected to expand at a significant CAGR in terms of volume over the forecast period. Sales of Electrical Enclosure in North America is expected to represent a total incremental opportunity of US$ 523.3 Mn between 2018 and 2028.
In this report, Future Market Insights offers a 10-year forecast for Electrical Enclosures for the period between 2018 and 2028. In terms of value, the market is expected to register a CAGR of 4.9% during the forecast period (2018–2028). The main objective of the report is to offer insights on the advancements in the Global Electrical Enclosure market. The study provides market dynamics that are expected to influence current environment and future status of the Electrical Enclosure over the forecast period. The primary objective of this report is to offer updates on trends, drivers, restraints, value forecasts and opportunities for manufacturers operating in the Electrical Enclosure market.
A section of the report discusses the overall competition in the Global Electrical Enclosure market and shows how the competition is steadily increasing. The report discusses various factors that are shaping internal as well as external competition in the Electrical Enclosure market. The sales of Electrical Enclosures is expected to grow at a rapid pace in near future. Moreover, rapid growth of the energy and power industry, economic recovery and rising demand for electrical enclosures for construction and infrastructural developments is expected to positively affect the growth of the Electrical Enclosure market during the forecast period.
The report provides detailed market share analysis of Electrical Enclosures on the basis of key manufacturers. It also provides the market outlook for the period between 2018 and 2028 and sets the forecast within the context of the Electrical Enclosure market and includes key developments and activities executed by the prominent manufacturers.
Key Segments Covered in This Report on Electrical Enclosures
By Product Type
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Junction Enclosures
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Disconnect Enclosures
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Operator Interface
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Enclosures
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Environment and Climate
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Control Enclosures
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Push Button Enclosures
By Material Type
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Metallic
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Aluminium
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Mild steel
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Stainless Steel
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Non-Metallic
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Fiberglass
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Polycarbonate
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Polyester
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ABS
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By Design
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Standard Type
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Custom Type
By Configuration
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Wall Mount Enclosures
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Floor Mount Enclosures
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Freestanding Enclosures
By End Use Sector
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Industrial
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Residential and Commercial
By Region
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North America
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Latin America
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Western Europe
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Eastern Europe
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China
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Japan
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India
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South East Asia & Others (SEA)
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Middle East & Africa (MEA)
A detailed analysis has been provided for every segment in terms of market size analysis for Electrical Enclosures.
The report starts with the market overview and provides market definition and analysis about drivers, restraints, opportunities, supply chain analysis and key trends in the electric enclosures market. The next section that follows includes global market analysis, analysis by end use and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the Global Electrical Enclosures Market, covering present scenario and future prospects. For market data analysis, the report considers 2017 as the base year, with market numbers estimated for 2018 and forecast made for 2018–2028.
It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the same on the basis of key parameters, such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities for market players.
Another key feature of this report on electrical enclosures is the analysis of all key segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as in identifying potential resources from a sales and delivery perspective in the Electrical Enclosure market.
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view of the key players in the Global Electrical Enclosures Market. Detailed profiles of manufacturers have also been included within the scope of this report on electrical enclosures to evaluate their long- and short-term strategies, key offerings and recent developments in the Electrical Enclosure market.
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