increasing use of electrical and electronic equipment in manufacturing processes is driving the Industrial Enclosures Market

Latest News:- Industrial Enclosures Market: Process is expected to lead the End-user segment during 2024-2028

Technavio analyzes that the Industrial Enclosures Market is expected to grow at a CAGR of 5.27% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2398.3 million.There are various factors that contribute to the growth of the market. The Industrial Enclosures Market is experiencing significant growth due to the increasing adoption of electrical and electronic equipment in manufacturing processes. These enclosures provide protection against harsh industrial environments, ensuring the longevity and optimal performance of the integrated technology. By safeguarding sensitive components from dust, water, and other potential hazards, industrial enclosures are essential for maintaining productivity and efficiency in modern manufacturing operations.

In the industrial sector, the global industrial enclosures market witnessed significant growth in 2023, with the process segment leading the way. Key industries contributing to this segment included power generation, oil and gas, chemical and petrochemical, food and beverages, and pharmaceutical. These industries rely heavily on continuous operation of machinery such as HVAC systems, compressors, motors, conveyors, pumps, and other process equipment. Interruptions due to damage to motor control units or switchboards from environmental factors like dust and moisture can result in substantial downtime and increased operational costs. Seismic protection, EMC shielding, electronics cooling, corrosion resistance, power conversion, and multi-component systems are essential features for industrial enclosures to ensure optimal performance and reliability in renewable energy sources like wind and solar power plants. 

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Industrial Enclosures Market Segmentation

• End-user
  • Process
  • Discrete
• Type
  • Metallic
  • Non-metallic
• Geography
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• ABB Ltd.
• AZZ Inc.
• BCH Electric Ltd.
• Berkshire Hathaway Inc.
• Chatsworth Products Inc.
• Eaton Corp. Plc
• Emerson Electric Co.
• Friedhelm Loh Stiftung and Co. KG
• HTE Technologies
• Hubbell Inc.
• IMS Companies LLC
• Industrial Enclosure Corp.
• KDM Steel
• Legrand
• nVent Electric Plc
• Phoenix Contact GmbH and Co. KG
• ROLEC Gehause Systeme GmbH
• Rose Systemtechnik GmbH
• Sanmina Corp.
• Schneider Electric SE
• TAKACHI ELECTRONICS ENCLOSURE Co. Ltd.

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Research Analysis Overview

Industrial enclosures play a crucial role in safeguarding electrical components and battery enclosures in various industries, ensuring adherence to safety standards under diverse conditions. With the increasing global energy consumption in energy-intensive sectors, there is a growing demand for robust electrical enclosures to house distribution boards, contactors, control panels, switches, and other electronic equipment. These enclosures protect against electrical shock and provide seismic protection in non-hazardous as well as hazardous environments. Fossil fuels and nuclear energy industries, as well as alternative energy sources like solar and wind, rely on these enclosures to operate under stringent safety protocols and standard operating procedures. Protective battery enclosures are essential for renewable energy systems, ensuring the longevity and efficiency of the electrical components.

Market Research Overview

The Industrial Enclosures Market is a significant segment of the global electrical components and equipment market, focusing on the production of electrical enclosures for various applications. This market caters to the needs of energy-intensive industries, including the energy generation sector, mechanical devices, electromechanical devices, solid-state devices, and batteries. Compliance with stringent safety regulations is crucial, ensuring workforce safety and adherence to international standards. Manufacturers of electrical enclosures provide solutions for housing electrical components and ensuring their protection from harsh environments. The market size is determined by the revenue generated by manufacturers of electrical enclosures, in addition to renting and leasing these products to end-users in the industrial, commercial, and residential sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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