The global Electrical Enclosure market is estimated to have been valued at US$ 6,161.0 Mn at the end of 2017 and is expected to reach US$ 10,370.0 Mn by the end of 2028 while expanding at a CAGR of 4.9% over the forecast period. The global Electrical Enclosure market is anticipated to represent incremental opportunity of US$ 3,940.2 Mn between 2018 and 2028. Some of the end-use applications considered in this report on electrical enclosures include industrial, commercial and residential sectors.
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Electricity consumption in SEAP has grown at a significant pace, driven by rising population, rapid urbanization, growth in industrial production and mining and progressive extension of access to modern electricity to large segments of the rural population. Developing countries in South East Asia & Pacific are looking to restructure their electricity industry, improve competitiveness and efficiency, stimulate new generation technologies and mobilize more private funds to boost electricity supplies and improve reliability. All of these factors will require reliable power controlling facilities, which will ultimately drive the demand for electrical enclosures, thereby boosting the demand in the Global Electrical Enclosures market.
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By Segment: By Product Type
Junction Enclosures Disconnect Enclosures Operator Interface Enclosures Environment and Climate Control Enclosures Push Button Enclosures
By Material Type
Metallic Aluminium Mild steel Stainless Steel Non-Metallic Fiberglass Polycarbonate Polyester ABS
Standard Type Custom Type
Wall Mount Enclosures Floor Mount Enclosures Freestanding Enclosures
By End Use Sector
Industrial Residential and Commercial
North America Latin America Western Europe Eastern Europe China Japan India South East Asia & Others (SEA) Middle East & Africa (MEA)
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Strengthening Regional Transmission Network Will Push the Demand for Electrical Enclosures
Over the last decade, utility companies have been investing to strengthen their transmission network, especially in rural areas. The projects include designing, manufacturing, installing and commissioning of capacitor banks at substations to improve flexibility and reduce their reliance on a single power station. All these measures are being taken to optimise energy generation, enable substation automation, improve transmission and distribution as well as increase reliability and precision in industrial processes, infrastructure and buildings. However, the region lags behind in terms of safety installations in the region as compared to developed countries, which will both be an opportunity and a driving factor for the growth of the electrical enclosure market over the forecast period.