The Europe Electrical Enclosure Market would witness market growth of 6.9% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 3803.1 thousand units, showcasing a growth of 14.3% (2020-2023).
In the electrical enclosure market, floor-mounted or freestanding enclosures represent a significant segment catering to diverse industrial and commercial applications. These enclosures, typically constructed from materials like steel, aluminum, or fiberglass, offer robust protection for electrical components and equipment while allowing for convenient access and maintenance. Therefore, the France market used 141.60 thousand units of freestanding enclosures in 2023.
The Germany market dominated the Europe Electrical Enclosure Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $791.2 million by 2031. The UK market is exhibiting a CAGR of 5.9% during (2024 - 2031). Additionally, The France market would experience a CAGR of 7.7% during (2024 - 2031).
The electrical enclosure market refers to the industry involved in designing, manufacturing, distributing, and selling protective housings to enclose and safeguard electrical components, equipment, and systems. Electrical enclosures serve a wide range of applications across various industries. For instance, electrical enclosures are extensively used in industrial control systems to house components such as PLCs (Programmable Logic Controllers), HMI (Human Machine Interface) panels, motor starters, relays, and instrumentation. These enclosures protect sensitive electronic equipment from environmental factors and ensure the reliable operation of automated manufacturing processes.
Furthermore, electrical enclosures are essential for housing equipment such as switchgear, transformers, circuit breakers, and distribution panels in the power generation and distribution sector. These enclosures protect critical components and ensure the safe and efficient transmission and distribution of electrical energy. Similarly, electrical enclosures, including solar farms, wind turbines, and hydroelectric power plants, are vital in renewable energy infrastructure. They house inverters, converters, energy storage systems, and monitoring equipment, protecting these components from environmental hazards and facilitating the integration of renewable energy sources into the electrical grid.
The increasing adoption of smart manufacturing in Sweden is expected to significantly impact the electrical enclosure market. As per the International Trade Administration (ITA), Sweden has a strong and successful manufacturing/industrial engineering sector that accounts for roughly 20 percent of the country’s GDP or $100 billion, with advanced manufacturing bringing in approximately $36 billion. In conclusion, the growing renewable energy sector and increasing adoption of smart manufacturing in the region propel the market's growth.
Free Valuable Insights: The Global Electrical Enclosure Market will Hit USD 13.3 Billion by 2031, at a CAGR of 7.3%
Based on Material, the market is segmented into Metallic and Non-metallic. Based on End-user, the market is segmented into Energy & Power, Industrial, Oil & Gas, Telecommunications and Others. Based on Type, the market is segmented into Wall-Mounted, Free-Standing, and Underground. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Material (Volume, Thousand Units, USD Billion, 2020-2031)
By End User (Volume, Thousand Units, USD Billion, 2020-2031)
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
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