The global demand for electrical enclosures is primarily driven by rapid growth in industrialization coupled with the mounting trend towards process automation. Stringent safety regulations and improved investments in renewable energy projects, especially in developed economies are collectively expected to favor market demand in the coming years. Furthermore, growing need for process automation in food and beverage sector is also expected to propel demand for electrical enclosures during the forecast period 2016 – 2023. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 5.9% during the forecast period 2016 – 2023.
Report Scope
This report analyzes the global electrical enclosure market in terms of type (by material), application, end-use, and geography. On the basis of type, the market is segmented into metallic and non-metallic electrical enclosures. Similarly, on the basis of application, the market for electrical enclosure is classified into dust tight, hazardous environment, drip-tight, and flame/explosion among others. Additionally, based on verticals, the market is segmented into industrial manufacturing, commercial, food and beverage, energy and power, and transportation among others. The geographical distribution of the global electrical enclosure market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Global Electrical Enclosure Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global electrical enclosure market.
Target Audience
USP and Key Offerings
The report titled “Global Electrical Enclosure Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global electrical enclosure market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on applications, types, end-use, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading electrical enclosure manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global electrical enclosure market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above mentioned factors.
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Electrical Enclosure Market Snapshot
3. Global Electrical Enclosure Market Analysis
3.1. Global Electrical Enclosure Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations
4. Global Electrical Enclosure Market Revenue, By Type , 2014 – 2023 (US$ Bn)
4.1. Pac-Man Analysis
4.2. Metallic Enclosure
4.3. Non-Metallic Enclosure
5. Global Electrical Enclosure Market Revenue, By Application , 2014 – 2023 (US$ Bn)
5.1. Pac-Man Analysis
5.2. Dust Tight
5.3. Hazardous Environment
5.4. Drip-Tight
5.5. Flame/Explosion
5.6. Others
6. Global Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
6.1. Tornado Analysis
6.2. Industrial Manufacturing
6.3. Commercial
6.4. Food and Beverage
6.5. Energy and Power
6.6. Transportation
6.7. Others
7. North America Electrical Enclosure Market Analysis, 2014 – 2023 (US$ Bn)
7.1. North America Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
7.1.1. Metallic Enclosure
7.1.2. Non-Metallic Enclosure
7.2. North America Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
7.2.1. Dust Tight
7.2.2. Hazardous Environment
7.2.3. Drip-Tight
7.2.4. Flame/Explosion
7.2.5. Others
7.3. North America Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
7.3.1. Industrial Manufacturing
7.3.2. Commercial
7.3.3. Food and Beverage
7.3.4. Energy and Power
7.3.5. Transportation
7.3.6. Others
7.4. North America Electrical Enclosure Market Revenue, By Country, 2014 – 2023 (US$ Bn)
7.4.1. U.S.
7.4.1.1. U.S. Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
7.4.1.2. U.S. Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
7.4.1.3. U.S. Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
7.4.2. Canada
7.4.2.1. Canada Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
7.4.2.2. Canada Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
7.4.2.3. Canada Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
8. Europe Electrical Enclosure Market Analysis, 2014 – 2023 (US$ Bn)
8.1. Europe Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
8.1.1. Metallic Enclosure
8.1.2. Non-Metallic Enclosure
8.2. Europe Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
8.2.1. Dust Tight
8.2.2. Hazardous Environment
8.2.3. Drip-Tight
8.2.4. Flame/Explosion
8.2.5. Others
8.3. Europe Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
8.3.1. Industrial Manufacturing
8.3.2. Commercial
8.3.3. Food and Beverage
8.3.4. Energy and Power
8.3.5. Transportation
8.3.6. Others
8.4. Europe Electrical Enclosure Market Revenue, By Region, 2014 – 2023 (US$ Bn)
8.4.1. U.K.
8.4.1.1. U.K. Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
8.4.1.2. U.K. Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
8.4.1.3. U.K. Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
8.4.2. Germany
8.4.2.1. Germany Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
8.4.2.2. Germany Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
8.4.2.3. Germany Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
8.4.3. France
8.4.3.1. France Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
8.4.3.2. France Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
8.4.3.3. France Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
8.4.4. Rest of Europe
8.4.4.1. Rest of Europe Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
8.4.4.2. Rest of Europe Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
8.4.4.3. Rest of Europe Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
9. Asia Pacific Electrical Enclosure Market Analysis, 2014 – 2023 (US$ Bn)
9.1. Asia Pacific Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
9.1.1. Metallic Enclosure
9.1.2. Non-Metallic Enclosure
9.2. Asia Pacific Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
9.2.1. Dust Tight
9.2.2. Hazardous Environment
9.2.3. Drip-Tight
9.2.4. Flame/Explosion
9.2.5. Others
9.3. Asia Pacific Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
9.3.1. Industrial Manufacturing
9.3.2. Commercial
9.3.3. Food and Beverage
9.3.4. Energy and Power
9.3.5. Transportation
9.3.6. Others (Drug Stores, etc.)
9.4. Asia Pacific Electrical Enclosure Market Revenue, By Country, 2014 – 2023 (US$ Bn)
9.4.1. Japan
9.4.1.1. Japan Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
9.4.1.2. Japan Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
9.4.1.3. Japan Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
9.4.2. China
9.4.2.1. China Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
9.4.2.2. China Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
9.4.2.3. China Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
9.4.3. India
9.4.3.1. India Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
9.4.3.2. India Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
9.4.3.3. India Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
9.4.4. Rest of Asia Pacific
9.4.4.1. Rest of Asia Pacific Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
9.4.4.2. Rest of Asia Pacific Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
9.4.4.3. Rest of Asia Pacific Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
10. Rest of World Electrical Enclosure Market Analysis, 2014 – 2023 (US$ Bn)
10.1. Rest of World Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
10.1.1. Metallic Enclosure
10.1.2. Non-Metallic Enclosure
10.2. Rest of World Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
10.2.1. Dust Tight
10.2.2. Hazardous Environment
10.2.3. Drip-Tight
10.2.4. Flame/Explosion
10.2.5. Others
10.3. Rest of World Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
10.3.1. Industrial Manufacturing
10.3.2. Commercial
10.3.3. Food and Beverage
10.3.4. Energy and Power
10.3.5. Transportation
10.3.6. Others (Drug Stores, etc.)
10.4. Rest of World Electrical Enclosure Market Revenue, By Region, 2014 – 2023 (US$ Bn)
10.4.1. Latin America
10.4.1.1. Latin America Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
10.4.1.2. Latin America Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
10.4.1.3. Latin America Pacific Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
10.4.2. Middle-East and Africa
10.4.2.1. Middle-East and Africa Electrical Enclosure Market Revenue, By Type, 2014 – 2023 (US$ Bn)
10.4.2.2. Middle-East and Africa Electrical Enclosure Market Revenue, By Application, 2014 – 2023 (US$ Bn)
10.4.2.3. Middle-East and Africa Electrical Enclosure Market Revenue, By Industry Vertical, 2014 – 2023 (US$ Bn)
11. Company Profiles
11.1. General Electric Company
11.2. Emerson Electric Company
11.3. Eaton Corporation Plc
11.4. Rittal GmbH & Co. KG
11.5. Hubbell, Inc.
11.6. ABB Ltd.
11.7. Legrand S.A.
11.8. Siemens AG
11.9. Eldon Holding AB
11.10. Adalet Inc.
11.11. Schneider Electric SE
List of Figures
FIG. 1 Global Electrical Enclosure: Market Segmentation
FIG. 2 Global Electrical Enclosure Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Electrical Enclosure Market, By Type, 2015 (US$ Bn)
FIG. 5 Global Electrical Enclosure Market, By Application, 2015 (US$ Bn)
FIG. 6 Global Electrical Enclosure Market, By Industry Vertical, 2015 (US$ Bn)
FIG. 7 Global Electrical Enclosure Market, By Geography, 2015 (US$ Bn)
FIG. 8 Global Electrical Enclosure Market Revenue and Growth, 2014 - 2023, (US$ Bn and % Y-o-Y)
FIG. 9 See-Saw Analysis : Global Electrical Enclosure Market
FIG. 10 Value Chain Analysis: Global Electrical Enclosure Industry
FIG. 11 Market Positioning of Key Industry Participants, 2015
FIG. 12 Global Electrical Enclosure Market Revenue Contribution, By Type, 2015 & 2023 (Value %)
FIG. 13 Global Metallic Enclosure Market Revenue and Growth for Retail Industry Verticals, 2014 - 2023, (US$ Bn)
FIG. 14 Global Non-Metallic Enclosure Market Revenue and Growth for Retail Industry Verticals, 2014 - 2023, (US$ Bn)
FIG. 15 Global Electrical Enclosure Market Revenue Contribution, By Application, 2015 & 2023 (Value %)
FIG. 16 Global Electrical Enclosure Market Revenue and Growth for Dust-Tight Application, 2014 - 2023, (US$ Bn)
FIG. 17 Global Electrical Enclosure Market Revenue and Growth for Hazardous Environment Application, 2014 - 2023, (US$ Bn)
FIG. 18 Global Electrical Enclosure Market Revenue and Growth for Drip-Tight Application, 2014 - 2023, (US$ Bn)
FIG. 19 Global Electrical Enclosure Market Revenue and Growth for Flame/Explosion Application, 2014 - 2023, (US$ Bn)
FIG. 20 Global Electrical Enclosure Market Revenue Contribution, By Industry Vertical, 2015 & 2023 (US$ Bn)
FIG. 21 Global Electrical Enclosure Market Revenue and Growth for Industrial Manufacturing Verticals, 2014 - 2023, (US$ Bn)
FIG. 22 Global Electrical Enclosure Market Revenue and Growth for Commercial Verticals, 2014 - 2023, (US$ Bn)
FIG. 23 Global Electrical Enclosure Market Revenue and Growth for Food and Beverage Vertical, 2014 - 2023, (US$ Bn)
FIG. 24 Global Electrical Enclosure Market Revenue and Growth for Energy and Power Vertical, 2014 - 2023, (US$ Bn)
FIG. 25 Global Electrical Enclosure Market Revenue and Growth for Transportation Verticals, 2014 - 2023, (US$ Bn)
FIG. 26 Global Electrical Enclosure Market Revenue and Growth for Other Verticals, 2014 - 2023, (US$ Bn)
FIG. 27 North America Electrical Enclosure Market Revenue and Growth, 2014 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 28 Europe Electrical Enclosure Market Revenue and Growth, 2014 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 29 Asia Pacific Electrical Enclosure Market Revenue and Growth, 2014 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 30 RoW Electrical Enclosure Market Revenue and Growth, 2014– 2023, (US$ Bn) (Y-o-Y %)
List of Tables
TABLE 1 Market Snapshot: Global Electrical Enclosure Market
TABLE 2 Evolution of Electrical Enclosures
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 6 North America Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 7 North America Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 8 North America Electrical Enclosure Market Revenue, By Country, 2014 - 2023 (US$ Bn)
TABLE 9 U.S. Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 10 U.S. Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 11 U.S. Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 12 Canada Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 13 Canada Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 14 Canada Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 15 Europe Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 16 Europe Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 17 Europe Electrical Enclosure Market Revenue, By Industry Vertical, 2015 - 2023 (US$ Bn)
TABLE 18 Europe Electrical Enclosure Market Revenue, By Country, 2014 - 2023 (US$ Bn)
TABLE 19 U.K. Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 20 U.K. Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 21 U.K. Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 22 France Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 23 France Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 24 France Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 25 Germany Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 26 Germany Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 27 Germany Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 28 Rest of Europe Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 29 Rest of Europe Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 30 Rest of Europe Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 31 Asia Pacific Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 32 Asia Pacific Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 33 Asia Pacific Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 34 Asia Pacific Electrical Enclosure Market Revenue, By Country, 2014 - 2023 (US$ Bn)
TABLE 35 China Electrical Enclosure Market Revenue, By Type, 2014- 2023 (US$ Bn)
TABLE 36 China Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 37 China Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 38 Japan Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 39 Japan Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 40 Japan Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 41 India Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 42 India Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 43 India Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 44 Rest of Asia Pacific Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 45 Rest of Asia Pacifc Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 46 Rest of Asia Pacifc Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 47 Rest of World Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 48 Rest of World Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 49 Rest of World Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 50 Rest of World Electrical Enclosure Market Revenue, By Region, 2014 - 2023 (US$ Bn)
TABLE 51 Latin America Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 52 Latin America Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 53 Latin America Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
TABLE 54 Middle-East and Africa Electrical Enclosure Market Revenue, By Type, 2014 - 2023 (US$ Bn)
TABLE 55 Middle-East Electrical Enclosure Market Revenue, By Application, 2014 - 2023 (US$ Bn)
TABLE 56 Middle-East and Africa Electrical Enclosure Market Revenue, By Industry Vertical, 2014 - 2023 (US$ Bn)
On the basis of type, the global electrical enclosures market is categorized into following segments:
The contribution of these variants to the global electrical enclosures market in 2015 is as shown below:
As of 2015, the global electrical enclosures market was dominated by metallic electrical enclosures. The metallic enclosure segment accounted for around three-fourth of the global electrical enclosures market revenue in the same year. The trend is expected to continue and the segment is presumed to hold on to its dominant position throughout the forecast period 2016 – 2023. The majority of this demand is contributed by the stainless steel variants. The stainless steel electrical enclosures are ideally used in applications that require dealing with the corrosion resistance. On the other hand, non-metallic electric enclosures are forecast to exhibit steady growth during the forecast period on account of properties such as light weight, low cost, and ease of handling and modifications.
Electrical enclosures have witnessed considerable acceptance across multiple industry verticals in recent years. On the basis of end-use, the global electrical enclosures market is categorized into following segments:
The contribution of these end-use segments to the global electrical enclosures market in 2015 and 2023 is as shown in the figure below
The global demand for electrical enclosures, especially in industrial manufacturing segment is primarily driven by rapid growth in industrialization coupled with the growing trend towards process automation. In order to avoid any mishap or accident at workplace, the government regulations promoting use of electrical enclosures is expected to drive demand in the industrial manufacturing segment. On the other hand, improving power infrastructure has expanded the power transmission and distribution networks across the globe. This development is supporting the demand for electrical enclosures in the energy and power sector. The electrical enclosures that are ideally used to mitigate corrosion are expected to witness robust growth across the food and beverage segment.
On the basis of geography, the global electrical enclosure market is segmented into following regions and countries.
The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global electrical enclosure market in 2015 is as shown in the figure below
The market for electrical enclosures in North America (United States and Canada) is highly structured, while the market in Europe is consolidated. Western Europe has become the hub to manufacturers for outsourcing the production of their electrical enclosures. The trend is expected to continue during the forecast period 2016 – 2023. The demand in these regions is primarily driven by stringent government regulations promoting safety of workers at workplace. In addition, increasing investment in renewable energy projects is expected to favor market demand in these regions. On the contrary, the market for electrical enclosures in Asia Pacific is highly unstructured. However, with the mounting pressure on manufacturers to deliver standard products, the market in Asia Pacific is expected to become moderately structured during the latter half of the forecast period.
