Asia-Pacific electric enclosure market is estimated to grow at a CAGR of 5.3% during the forecast period. Rising industrialization is one of the vital factors accelerating market growth. As per the Center for International Knowledge on Development, China, in 2018, China’s industrial added value reached nearly $4,395.5 billion, 56.7 times compared to 1978, with an average annual growth rate of 10.6%. China is also actively working towards modernization of industrial infrastructure, which is also offering an opportunity for electric enclosures. For instance, in May 2015, the Chinese government revealed the Made in China (MIC) 2025 initiative which is intended to increase productivity and carry out advances in industrial processes. Under the initiative, the Chinese government is performing the task of advancing infrastructure and accelerate technological developments. This leads to an increasing demand for electric enclosures in industrial facilities to prevent physical damage to components and protect workers from accidentally contacting some parts. In industrial applications, enclosures are optimized for use for particularly fulfilling the requirements of the IoT and Industry 4.0.
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Scope of the Asia-Pacific Electric Enclosure Market
Market Coverage
- Market number available for 2022-2030
- Base year- 2022
- Forecast period- 2022-2030
- Segment Covered- By Material and Vertical
- Countries Covered- China, India, Japan, and Rest of Asia-Pacific
- Competitive Landscape- ABB Ltd., Schneider Electric SE, nVent Electric plc, Legrand SA, and QNAP Systems, Inc
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Asia-Pacific Electric Enclosure Market Segmentation
By Material
- Metallic
- Non-Metallic
By Vertical
- Energy and Utilities
- Industrial (Automotive and Manufacturing)
- IT and Telecommunication
- Process Industries
- Others
Asia-Pacific Electric Enclosure Market– Segment by Country
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- ABB Ltd.
- ElectroBox
- Hubbell Inc.
- Legrand SA
- Ningbo Dayang Enclosures Co., Ltd.
- Ningbo Sino Enclosure Co., Ltd.
- nVent Electric plc
- Rittal GmbH & Co. KG
- Schneider Electric SE
- TAKACHI Electronics Enclosure Co., Ltd.
- QNAP Systems, Inc.
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