An electrical enclosure is a cabinet that contains various electrical and electronic components. The growing demand for boxes in the renewable energy sector and strict safety and process regulations are among the major factors that drive market growth.

Electric Enclosure Market Size and Growth Rate:

Electric Enclosure Market was valued at USD 4950 million in 2016 and poised to reach USD 5980 million by 2021 growing at a CAGR of 3.69% during the forecast period 2016 to 2021.

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Electric Enclosure Market Growth Drivers and Restraints:

The penetration rate of green energy should accelerate the demand of the electrical enclosure. However, the competitiveness of prices and the leakage of seals are among the factors that should hinder the growth of the market. The need for devices compatible with the Internet of Things (IoT) and the growing importance of customer services should create an opportunity for market players. Minimizing delays is one of the challenges faced by market players.

Geographical Overview of Electric Enclosure Market:

The great need for rail and road networks in emerging countries also significantly boosts market demand in the Asia-Pacific region for Electric Enclosure Market. China should be a lucrative region for the market due to its rapid industrialization. The developed countries in Europe and North America are expected to experience moderate growth over the forecast period due to the installation of power plants that use renewable energy sources, such as solar and wind energy.

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Key Players of Electric Enclosure Market:

Some of the leading market players of Electric Enclosure Market are Rittal, Pentair, Fibox Enclosures, Hubbel, Eldon, ENSTO, Schneider, Eaton, ABB and others.

Electric Enclosure Market Segmentation:

By Product:

• Metallic
• Non-Metallic

By Industry:

• Commercial & Industrial
• Energy & Power
• Food & Beverage

By Region:

• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa

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