At a CAGR of 6.27%, the Electric Enclosure Market is anticipated to USD 7.91 billion by 2023. Growing demand for enclosures from the renewable energy sector, strict safety and process rules, which force users to hunt for enclosures that are compatible with laws, and increased focus on connected cities in developing countries are factors that will drive this market.

Key Players

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and AZZ (US) are the major industry players in the Electric Enclosure Market.

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“The Power Generation & Distribution Industry is expected to lead the Electric Enclosure Market”

To shield electrical components like circuit breakers, transformers, and switchgear from numerous operational and environmental elements including dust, moisture, and vibration, the power production and distribution business uses electric enclosures. As power companies aim to modernise and expand their infrastructure to satisfy the growing demand for electricity, the rise of the power generation and distribution business is pushing the demand for electric enclosures.

Additionally, the demand for electric enclosures to safeguard the electrical components utilised in these systems is rising as the power generation and distribution industry transitions to renewable energy sources like wind and solar power.

In addition, the demand for electric enclosures in the power generation and distribution sector is being driven by the expanding requirement for smart grid infrastructure, which entails the integration of cutting-edge technologies like the Internet of Things (IoT) and smart metres.

Finally, it is anticipated that the Power Generation & Distribution Industry will dominate the Electric Enclosure Market between 2017 and 2023 as a result of the expansion of the sector and the rising demand for electric enclosures to safeguard electrical components, support the switch to renewable energy sources, and support the construction of a smart grid infrastructure.

“The Market for Underground Electric Enclosures is expected to grow at the highest CAGR”

Substations, switchgear, and cable systems are just a few examples of the electrical systems and components that are protected by subterranean electric enclosures. The rising need for dependable and secure electrical infrastructure, particularly in metropolitan areas, is fueling the expansion of the underground electric enclosures market.

The demand for underground electric enclosures is also being fueled by the increasing use of renewable energy sources like wind and solar energy, as these systems frequently require subterranean electrical infrastructure to enable their operation and integration into the grid.

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The demand for underground electric enclosures is also being driven by the growing need for smart grid infrastructure, which involves integrating cutting-edge technologies like the Internet of Things (IoT) and smart metres. This is because these systems frequently require underground electrical infrastructure to support their operation and communication with the grid.

As a result of the rising demand for dependable and secure electrical infrastructure, the expanding use of renewable energy sources, and the rising demand for smart grid infrastructure, it is anticipated that the market for underground electric enclosures would expand at the greatest CAGR. In the upcoming years, this is anticipated to fuel the demand for subsurface electric enclosures.

“APAC expected to lead the Electric Enclosure Market between 2018 and 2023”

Due to rising electrical equipment demand and an increase in infrastructure projects in nations like China, India, and Japan, the Asia-Pacific region is anticipated to dominate the global market for electric enclosures in the upcoming years. Additionally, the region is home to a sizable number of electrical equipment and component manufacturers, which is further fueling the market's expansion.

As infrastructure projects expand, demand for electrical equipment rises, and the utilisation of renewable energy sources rises, the market for electric enclosures is anticipated to expand significantly over the next several years. Electric enclosures are used to maintain the safety and dependability of electrical systems as well as to protect electrical equipment from exterior elements like dust, moisture, and other environmental threats.

As infrastructure projects expand, demand for electrical equipment rises, and the utilisation of renewable energy sources rises, the market for electric enclosures is anticipated to expand significantly over the next several years. Electric enclosures are used to maintain the safety and dependability of electrical systems as well as to protect electrical equipment from exterior elements like dust, moisture, and other environmental threats.

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