How big is the Electrical Enclosures Market?

The Electrical Enclosures Market size is expected to reach USD 52.42 billion in 2024 and grow at a CAGR of 4.90% to reach USD 66.58 billion by 2029. Read More

What is the current Electrical Enclosures Market size?

In 2024, the Electrical Enclosures Market size is expected to reach USD 52.42 billion. Read More

Who are the key players in Electrical Enclosures Market?

Schneider Electric SE, ABB Ltd, Rittal GmbH & Co. KG, Emerson Electric Co. and Hubbell Inc. are the major companies operating in the Electrical Enclosures Market. Read More

Which is the fastest growing region in Electrical Enclosures Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Electrical Enclosures Market?

In 2024, the Asia Pacific accounts for the largest market share in Electrical Enclosures Market. Read More

What years does this Electrical Enclosures Market cover, and what was the market size in 2023?

In 2023, the Electrical Enclosures Market size was estimated at USD 49.85 billion. The report covers the Electrical Enclosures Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electrical Enclosures Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Electrical Enclosures Market - Trends, Industry Overview

Electrical Enclosures Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Electronic Enclosure Market is Segmented by Material (Metallic, Non-Metallic), by End-User Industry (Energy and Power, Industrial (Automotive and Manufacturing), Process Industries, Other End-User Industries (Transportation, Infrastructure, and Telecommunication), by Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Electrical Enclosures Industry Overview

The electronic enclosure market is moderately fragmented. Industry 4.0 and the increasing energy consumption in different regions provide opportunities in the electronic enclosures market. The players in the market are adopting major strategies, like product innovations, mergers and acquisitions, and strategic partnerships, to widen their product portfolio and expand their geographical reach. Some of the players in the market are ABB Ltd, Emerson Electric, and Schneider Electric SE, among others.

In July 2022 - Schneider Electric announced the launch of PrismaSeT S, a new series of enclosures that makes the installation of electrical distribution in commercial and industrial buildings equivalent to residential in terms of installation but more resistant to hard applications. PrismaSeT S supports Schneider Electric's initiative for being more sustainable by using parts of recycled plastic materials in its manufacturing process.

In March 2022 - Magna International Inc. announced that the company is expanding its battery enclosures operations in Canada to support new business from Ford Motor Company. The new 170,000-square-foot facility is expected to generate up to 150 new jobs and produce battery enclosures for the Ford F-150 Lighting.