The US electric enclosure market is estimated to grow at a CAGR of 4.6% during the forecast period. The rising energy and power industry are one of the crucial factors accelerating market growth. As per the US Energy Information Administration (EIA), in the US, electricity generation from renewable sources of energy grew from 18% in 2019 to 20% in 2020 and 22% in 2021. This results in an increasing demand for electric enclosures that are utilized in the power industry for the protection of critical electronic components and circuitry. Transmitters, power distribution systems and power generators utilize electrical enclosures. The enclosures are used as a cabinet for mounting switches, displays, and knobs and to protect the equipment from several environmental changes as well as to prevent electric shock.
The market is segmented based on material and vertical. Based on material, the market is classified into metallic and non-metallic. Based on vertical, the market is classified into energy and utilities, industrial, it and telecommunication, process industries, and others. As per the Committee for Economic Development (CED), the food and beverage industry in the US alone generates $164 billion in value-added. Enclosures for electrical and switchgear equipment are crucial across the production and engineering sectors which includes food and beverage manufacturing firms. For sensitive electrical components, the enclosure develops a protective environment and protects operatives from coming into contact with the electrical circuitry. Enclosures are particularly designed to fulfill the needs of food and beverage manufacturing lines that are normally known as “Hygienic Design” enclosures.
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US Electric Enclosure Market-Segmentation
By Material
- Metallic
- Non-Metallic
By Vertical
- Energy and Utilities
- Industrial (Automotive and Manufacturing)
- IT and Telecommunication
- Process Industries
- Others
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Company Profiles
- ABB Ltd.
- Allied Moulded MATERIALs, Inc.
- ArmorLogix Corp.
- Austin Electrical Enclosures
- AZZ Inc.
- Bison Profab Inc.
- Bud Industries
- Eaton Corp.
- Emerson Electric Co.
- Hubbell Inc.
- Leviton Manufacturing Ltd.
- Saginaw Control and Engineering
- Schneider Electric SE
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