Wall-mounted Electric Enclosure Market is projected to grow at a CAGR of 7.90% during the forecast period; Increasing Demand for Industrial Automation to Propel Market Growth

Published Date: March 2024

Wall-mounted Electric Enclosure is a type of enclosure used to protect electrical components and devices from environmental factors such as dust, water, and extreme temperatures. The enclosure is designed to be mounted on a wall and is typically made from materials such as stainless steel, aluminum, or plastic.

Wall-mounted electric enclosures are used in a wide range of applications, including industrial automation, HVAC systems, telecommunications, and data centers which has become a key factor in target market growth. Electrical enclosures that are dependable and long-lasting are becoming more and more important as industries become increasingly automated and technology-driven. Further, the rapid growth of Wall-mounted Electric Enclosure has been driven by increasing demand for industrial automation that has further facilitated the demand for Wall-mounted Electric Enclosure Market growth.

The report “Wall-mounted Electric Enclosure Market, By Type (Small Enclosure, Compact Enclosure, and Free-size Enclosure), By Application (Power generation & distribution, Oil & Gas, Metals & Mining, Medical, Pulp & Paper, Food & Beverages), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

  • In July 2022, Schneider Electric launched “PrismaSeTS” which is the new enclosures wiring solutions. In this the installation of electrical distribution in commercial and industrial buildings is equal to that in residential structures, but more resistant for demanding applications due to the simple selection tools up to 160A.
  • In November 2021, OKW Enclosures, Inc. launched four best slim wall-mounted enclosures for IoT and smart building management electronics. Every model has essential characteristics that make it ideal for its function, and many models provide a variety of additional attachments that make it simple to modify them to their intended function.

Analyst View:

The future growth of Wall-Mounted Electric Enclosure Market is expected to be driven by the increasing demand for smart infrastructure, the expansion of data centers, the growing adoption of renewable energy sources, increasing industrial automation, and regulatory compliance. The growth of smart cities and the need for smart infrastructure is expected to drive the demand for wall-mounted electric enclosures that can accommodate smart sensors and other IoT devices. The demand for wall-mounted electric enclosures to safeguard these system's electrical components is anticipated to rise as more people turn to renewable energy sources like solar and wind. It is anticipated that the trend towards greater industrial automation will continue which will increase the demand for wall-mounted electric enclosures Market in coming years.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Wall-mounted Electric Enclosure Market, By Type (Small Enclosure, Compact Enclosure, and Free-size Enclosure), By Application (Power generation & distribution, Oil & Gas, Metals & Mining, Medical, Pulp & Paper, Food & Beverages), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Wall-mounted Electric Enclosure Market accounted for US$ 109.1 Billion in 2024 and is estimated to be US$ 218.4 Billion by 2034 and is anticipated to register a CAGR of 7.90%. Wall-mounted Electric Enclosure Market is segmented based on Type, Application and Region.

  • Based on Type, Wall-mounted Electric Enclosure Market is segmented into Small Enclosure, Compact Enclosure, and Free-size Enclosure.
  • Based on Application, Wall-mounted Electric Enclosure Market is segmented into Power generation & distribution, Oil & Gas, Metals & Mining, Medical, Pulp & Paper, Food & Beverages.
  • By Region, the Wall-mounted Electric Enclosure Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Wall-mounted Electric Enclosure Market:

The prominent players operating in the Wall-mounted Electric Enclosure Market includes, Rittal GmbH & Co., Schneider Electric, ABB, Eaton., Emerson Electric Co., Pentair plc, AZZ Inc.,  Legrand., Hubbell., Bloomberg L.P., Hammond Manufacturing Ltd., and Saginaw Control & Engineering.

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