The electric enclosure market is expected to be valued at USD 7.91 Billion by 2023, growing at a CAGR of 6.27% during the forecast period. Factors that will be driving this market include the increasing demand for enclosures from renewable energy sector, stringent safety and process regulations which is forcing users to look for enclosures that are compliant to regulations, and increased focus on connected cities in developing regions.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and Hubbell (US) are major industry players in the electric enclosure market. Product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships are some of the key strategies adopted by major players to gain a competitive edge in this market.

Rittal (Germany) operates through three segments: product, software, and system consulting. In the product segment, the company offers enclosures and climate control, power distribution, and IT infrastructure-related products. In the enclosures category, the company provides small enclosures, compact enclosures, enclosure systems, IT enclosure systems, IT enclosures, console systems, console PCs, enclosure systems for industrial workstations, operating housings, support arm systems, stand systems, hygienic design, stainless steel, special applications, and outdoor enclosures. The company caters to industries such as IT, manufacturing and process, power and energy, and others. Rittal operates 11 production units in Germany, the US, China, India, Italy, and the UK. In June 2017, Rittal introduced climate control technology for its enclosures with water cooling feature. These hygienic design air/water heat exchangers are ideal for the food & beverage industry.

Schneider (France) operates through four segments: buildings & partner, industry, infrastructure, and IT business. In the buildings & partner segment, the company provides electrical enclosures under the category of electrical distribution products and solutions. The product line is named as Universal Enclosures, which has been subsegmented into steel-mounted enclosures, steel-floor standing enclosures, stainless-steel enclosures, insulating enclosures, thermal management systems, and accessories.

The company also provides product & service support to energy & power, oil & gas, transportation, weather intelligence, information technology, security system, process & machine management, food & beverages, automotive, and water processing applications. Schneider has more than 50 years of experience in manufacturing multipurpose enclosures, thermal management solutions, and electrical control systems for electrical distribution and telecom industries. In January 2017, Schneider acquired renewable choice energy which offers businesses with consulting services and solutions that promote the use of clean energy.

Other major companies operating in the electric enclosure market are AZZ (US), Fibox (Finland), Eldon (Spain), Socomec (France), Leviton Manufacturing (US), Adalet (US), and Saginaw Controls and Engineering (US).

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Major electric enclosure manufacturers have a tight control on the pricing of the products, which is forcing other manufacturers to reduce the price of products to remain in competition. The electric enclosure industry will witness healthy product development programs and innovations in the coming years.

Among various applications, the power generation & distribution industry is expected to account for the largest size of the overall electric enclosure market between 2018 and 2023. Electric enclosures are used in the power generation & distribution industry in substations to protect critical components and circuitry. Electric enclosures used in oil & gas, metals & mining, and pulp & paper industries are rugged in design and should be able to withstand harsh environmental conditions. Over the past few years, oil & gas products have witnessed strong demand from developing nations. Such continuously increasing demand for oil & gas products is expected to drive the electric enclosure market.

Nonmetallic enclosures are gaining rapid acceptance in oil & gas and metals & mining verticals. This is due to increasing research & development of nonmetallic materials for enclosure application. Extensive research and product development has enabled manufacturers to introduce several new nonmetallic products with favorable and necessary features, which are making nonmetallic enclosures gain acceptance for critical applications.

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