Global electric enclosure market is estimated to grow at a CAGR of 4.8% during the forecast period. Rising industrialization is one of the major factors accelerating market growth. Industrialization is growing rapidly across the globe owing to the increasing food and beverage industry and growing metal and mining industry. Additionally, most of the industrial facilities are focused on smart manufacturing coupled with the advent of Industry 4.0, which in turn, is also contributing to the adoption of electric enclosures. In industrial applications, enclosures are optimized for use for particularly fulfilling the requirements of the IoT and Industry 4.0. 
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Electronic systems are significantly distributed all over the smart factory for interoperability, decentralized decision making, and information transparency. Enclosures offer an easier and faster assembly and greater flexibility, enhanced safety, and component installation. For electronics protection in an industrial setting, some industrial enclosures that are available in the market include the ABS range, 1554 and 1555 IP66 polycarbonate, and the 1550 and 1590 die-cast enclosures. Such kinds of industrial enclosures support housing and protecting machinery controls, electrical equipment, wiring and cables, and more. 
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Scope of the Global Electric Enclosure Market
Market Coverage
The market number available for 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Material and Vertical
Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World
Competitive Landscape- ABB Ltd., Schneider Electric SE, Legrand SA, Rittal GmbH & Co. KG, and Hubbell Inc.
Recent Strategic Initiatives in the Global Electric Enclosure Market
In September 2019, nVent Electric plc declared the acquisition of Eldon Holding AB, a European-based enclosures business. nVent offers advanced solutions for protection, connection, and management of heat in and communication equipment, critical electronics, and control and power through its nVent SCHROFF and nVent HOFFMAN brands. The acquisition of Eldon complements the nVent enclosures business. nVent has been concentrated on reinforcing its digital capabilities to serve customers with a velocity which aligns very well with this strategy.
In May 2019, Rittal launched the AX and KX enclosures that are fixed with digital processes. This new range delivers easier, increased safety, greater flexibility, and component installation, and faster assembly. These are redesigned with the principles of Industry 4.0.
Global Electric Enclosure Market-Segmentation
By Material
Metallic
Non-Metallic
By Vertical
Energy and Utilities 
Industrial (Automotive and Manufacturing)
IT and Telecommunication
Process Industries
Others
Global Electric Enclosure Market– Segment by Region 
North America           
US
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific    
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East and Africa
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