Electric Enclosures Market - Global Industry Analysis and Forecast 2016 - 2024

An
electrical enclosure is a cabinet which contains various electrical and
electronic components. It serves two purposes: protecting the user from
electrical shock and safeguarding the parts it covers from external
damage. Electrical enclosures are designed to be functional as well as
provide aesthetic value. They may also need to exhibit favorable
properties with regards to electromagnetic interference, power
dissipation, and electrical breakdown. The requirements of electrical
enclosures are governed by various national regulatory standards.
Stringent regulations are applicable to those used in hazardous areas
facing fire or explosion risks, particularly applicable to locations
such as coal mines and chemical plants where potential risks include
flammable gases, combustible dust, and other volatile vapors or
particles. Areas prone to lightning strikes or floods may also warrant
use of special types of electrical enclosures.
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Electrical
enclosures protect electrical equipment such as power generators,
transformers, and various telecommunication devices and contain
electrical components such as knobs, switches, and displays. They are
available in various sizes; although broadly, those used for industrial
applications are larger than those used in residential areas. This
market can be segmented into two groups: enclosures used in the power
generation process and those used for transmission & distribution
(T&D). This market can also be segmented by the type of material
used to manufacture the enclosure into the following categories:
plastics, plastic composites, metals, and metal alloys. Plastics
typically used for electrical enclosures include acrylonitrile butadiene
styrene (ABS), polycarbonate, and styrenic polymers, which can also be
reinforced with glass or carbon fibers to increase their mechanical and
temperature resistance. PVC was commonly employed for this purpose but
its usage has been discouraged as it does not meet modern standards.
Among metals and alloys, stainless steel, carbon steel, and aluminum
find wide usage. Metal enclosures are sturdier, durable, and offer
better protection to environmental elements but are also costlier and
difficult to mold compared to plastic enclosures.
Increasing
demand for energy and electricity is driving the global electrical
enclosures market. China is likely to be a lucrative market due to the
rapid industrialization in this country. Expansion of the electrical
enclosures market in developed countries in Europe & North America
is projected to be moderate (as power infrastructure is already
well-developed in these regions) and driven by the installation of power
stations running on renewable sources of energy such as solar and wind
energy. The need to upgrade the power infrastructure in emerging
countries is likely to propel the market for electrical enclosures in
the near future. India, Indonesia, and Nigeria are estimated to invest
substantially in the utilities sector in the next decade as several
parts in these countries do not have access to reliable sources of
electricity. The use of better quality materials to manufacture
electrical enclosures is also anticipated to become prevalent in these
countries with low-cost materials such as PVC expected to be phased out.
Demand for good quality electrical enclosures is high in the oil &
gas industry. Other major end-users of this market include the power
generation, water & wastewater, and mining industries.
The
global electrical enclosures market is highly competitive and
fragmented with the presence of a few prominent companies and a high
number of smaller players in the unorganized sector. Key players in this
market are Eaton Corporation, ABB Ltd, Rittal GmbH & Co. KG,
Schneider Electric SE, Hubbell, Inc., Emerson Electric Company, Legrand,
Eldon Holding AB, Pentair Plc., and AZZ Inc.
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Regional markets, technology, types, and applications.

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