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Global Markets for Electrical Enclosures

  • October 2016
  • 153 pages
  • BCC Research
Report ID: 2506886

Summary

Table of Contents

Use this report to:
- Identify significant drivers of revenue growth in specific electrical enclosure categories.
- Quantify the impact of both internal and external forces currently affecting the global electrical enclosures industry and potentially affecting the industry over the next several years.
- Explain market drivers concerning the global electrical enclosure industry, the current trends within the industry, major industry challenges, and the regional dynamics of the global electrical enclosures market.

Highlights
- The global electrical enclosures market should reach $7.3 billion by 2021 from $5.0 billion in 2016 at a compound annual growth rate (CAGR) of 7.9%, from 2016 to 2021.
- The non metallic market for electrical enclosures should reach $3.9 billion by 2021 from $1.5 billion in 2016 at a CAGR of 21.1%, from 2016 to 2021.
- The metallic market for electrical enclosures should reach $3.3 billion by 2021 from $3.5 billion in 2016 at a CAGR of -0.6%, from 2016 to 2021.

Introduction & Scope


INTRODUCTION
The global market for electrical enclosures has been growing at a significant rate, on pace with the electricity transmission and distribution industry, as well as the safe installation of electrical equipment in different locations particularly in the Asia-Pacific region over the past five years. The global economic downturn affected many end-user industries of electrical enclosures, including the manufacturing, process and construction sectors, which in turn affected the electrical enclosures market to a
considerable level. The advancements in electrical enclosure technologies have resulted in compliance with such industry bodies as the National Electrical
Manufacturers Association (NEMA), Underwriter Laboratories (UL) and International Electrotechnical Commission (IEC). The result has been a reduction in electrical equipment failures and short circuits.

This report assesses the electrical enclosures market in two broad categories based on material type: metallic electrical enclosures and non-metallic electrical enclosures. The market has been segregated by application usage in different industries, including energy and power, manufacturing (e.g., automobile, heavy engineering), process (e.g.,
cement, chemical, iron and steel, pharmaceutical, paper and pulp, textile, food and beverage) and others (e.g., transportation, telecommunication, infrastructure, residential building, construction). Electrical enclosures protect electrical apparatus from corrosion, electrical hazards, dust, fire, chemicals, water and other environmental pollutants. These enclosures are usually made from metals, particularly stainless steel, mild-steel and aluminum, whereas non-metal electrical enclosures are mostly comprised of fiberglass, acrylonitrile butadiene styrene (ABS) and polycarbonate.

Major global manufacturers of electrical enclosures include Adalet, Eaton, Eldon, Pentair, Rittal, Schneider, Siemens, and Thomas and Betts. This report also highlights the supplier landscape, with a focus on major companies, providing detailed profiles. Rittal Corp. is a major player in most regions.


STUDY GOALS AND OBJECTIVES
The goal of this BCC Research report is to provide an up-to-date analysis of recent developments and current trends in the global electrical enclosure market. The report
will also identify significant drivers of revenue growth in specific electrical enclosure categories. The systematic research will quantify the projected impact of both internal
and external forces currently affecting the global electrical enclosures industry and potentially affecting the industry for the next several years.

REASONS FOR DOING THE STUDY
Rapidly growing emerging economies, mainly in China and India in terms of both economy and infrastructure, have significantly increased the demand for electrical
enclosures over the past five years. Europe has become the hub for western and eastern markets to outsource the manufacture of their electrical enclosures. With the
recovery of the global economy, electrical enclosure installation activities have geared up globally. The North American region has seen increased, pent-up demand for new
electrical enclosures, replacing the existing old mild steel or wooden electrical enclosures, which has also resulted in increased demand for electrical enclosures.

Increasing raw material prices and stricter environmental regulations on electrical enclosures used in hazardous locations have forced companies to focus on the
development of newer electrical enclosures with advanced technologies that will comply with current and future environmental regulations and delicately reduce the
cost. The pressure to develop environmentally friendly recyclable electrical enclosures is increasing, even in the Asia-Pacific region and other developing regions. This poses a
threat to small domestic players in the emerging markets, who are struggling to ensure that their products meet global standards.


SCOPE OF REPORT
The scope of this report is broad and covers different rules and regulations used globally in the manufacture and installation of different electrical enclosure types. The
market is divided into electrical enclosure types by materials, means of production, market structure, location of installation, and by the application used in different
industries and households. The market for electrical enclosures is also estimated by regional market by material type. Revenue forecasts from 2016 to 2021 are given for
each estimate.

The report also includes a discussion of the major players in each regional electrical enclosures market. It explains the major market drivers of the global electrical
enclosure industry, the current trends within the industry, major industry challenges and the regional dynamics of the global electrical enclosures market. The analysis
concludes with a special focus on the supplier landscape. It includes detailed profiles of the major vendors in the global electrical enclosure industry. Estimated values used
are based on manufacturers’ total revenues.


INTENDED AUDIENCE
This BCC Research report is especially intended for manufacturers, suppliers, end users and others with a vital interest in electrical enclosures. Its business focus makes it
useful to sales executives and business managers as an up-to-date guide that includes challenges, drivers and trends expected to be significant factors in the current and
future markets. The report should also be of interest to electrical equipment manufacturers and suppliers with technological developers for facilities in electrical enclosures.

INFORMATION SOURCES
The report’s findings and conclusions are based on information gathered from various primary and secondary sources. Sources of information included internet searches,
industry association data and interviews conducted with electrical enclosure manufacturing companies. Other secondary sources consulted included industry journals and publications, product literature, white papers and technical journals, and financial reports from industry suppliers. The base year for analysis and projection is 2015, which was used to establish market projections between 2016 and 2021. These projections are based on a consensus among the primary contacts combined with an understanding of the key market drivers and their impact from historical and analytical perspectives. The analytical methodologies used to generate the market estimates are described in detail in the market analyses. All dollar projections presented in this report are in 2015 constant dollars.

RESEARCH METHODOLOGY
A descriptive study has been done with a trend analysis for the global market for electrical enclosures with quantitative and qualitative approaches. BCC Research collected data through various primary and secondary sources, including interviews with industry vendors, white papers, business journals, public financial proceedings and historical market data from internet sources. The market data is assessed and validated while considering interrelated market attributes and the impact of global economic variables.
Market value was obtained using a combination of bottom-up and top-down approaches using exclusive market modeling tools to generate BCC Research’s market data and forecasts.

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