The Latin America, Middle East and Africa Electrical Enclosure Market would witness market growth of 9.8% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 1633.2 thousand units, showcasing a growth of 11.3% (2024-2031).
The electrical enclosure market offers a diverse range of materials, with metallic options such as stainless steel, aluminum, and others playing a significant role. Stainless steel enclosures are renowned for their robustness, corrosion resistance, and durability, making them ideal for harsh industrial environments, outdoor installations, and applications requiring stringent hygiene standards, such as food processing or pharmaceuticals. Therefore, the Saudi Arabia market utilized 75.41 thousand units of metallic Electrical Enclosures in 2023.
The Brazil market dominated the LAMEA Electrical Enclosure Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $313.4 million by 2031. The Argentina market is showcasing a CAGR of 10.5% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 9.5% during (2024 - 2031).
Electrical enclosures protect electrical equipment from environmental hazards such as dust, moisture, temperature fluctuations, and physical damage. By enclosing sensitive components within secure housing, enclosures prevent malfunctions, equipment failures, and safety incidents, ensuring reliable operation and minimizing downtime. Industries operating in harsh or hazardous environments, such as manufacturing plants, oil and gas facilities, and outdoor installations, require specialized electrical enclosures to withstand extreme temperatures, corrosive substances, and explosive atmospheres. Adopting rugged and durable enclosures is essential to ensure the longevity and reliability of equipment in challenging conditions.
Additionally, with electrical systems' increasing complexity and sophistication, industries require versatile enclosures that accommodate a wide range of equipment, including control panels, PLCs, instrumentation, communication devices, and networking equipment. Electrical enclosures provide a standardized platform for integrating and organizing diverse components, facilitating installation, maintenance, and scalability.
The UAE’s smart cities projects involve deploying advanced infrastructure, including smart grids, intelligent transportation systems, and IoT devices. According to the United Arab Emirates Ministry of Economy, the Smart Cities & Artificial Intelligence Plan (2018-2022) is a project in smart cities for managing infrastructure using Information & Internet of Things Technology. In conclusion, the increasing oil industry and rising smart city initiatives in the region drive the market's growth.
Free Valuable Insights: The Worldwide Electrical Enclosure Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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