US Electrical Enclosures Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.95 Billion |
| Market Size (2029) | USD 2.86 Billion |
| CAGR (2024 - 2029) | 7.91 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Electrical Enclosures Market Analysis
The US Electrical Enclosures Market size is estimated at USD 1.95 billion in 2024, and is expected to reach USD 2.86 billion by 2029, growing at a CAGR of 7.91% during the forecast period (2024-2029).
- The increasing power and industrial infrastructure, combined with the need for a safe workforce, has led to various safety standards for the equipment in the industries. This has made electrical enclosures a crucial element in industrial and residential applications. The country has increased demand, owing to the growing electric consumption from various end-user segments, especially from the oil and gas, automotive, and power generation segments.
- The National Electrical Manufacturers Association (NEMA), based out of Virginia, United States, established the standards, such as cover, corrosion resistance, ability to protect from rain and submersion, etc. It also classified electrical enclosures based on their performance. The enclosure industry has to follow the regulations as per a specific end-user industry. For instance, the oil and gas industry uses intrinsically safe, fire and explosion-proof enclosures. Over the forecast period, the increasing offshore and onshore oil and gas projects in the country, owing to the National OCS leasing program, are expected to increase the demand for electrical enclosures to avoid or control any incidents from further taking place in the country.
- Oil production in the United States continues to expand rapidly. For instance, ExxonMobil, one of the prominent oil producers in the country, announced its plans to increase the production activity in the Permian Basin of West Texas by producing more than 1 million barrels per day (BPD) oil-equivalent by as early as the year 2024. Similarly, Chevron plans to increase its net oil-equivalent production to reach 900,000 BPD by 2023.
- As the COVID-19 pandemic kept Americans at home, a change in demand for commodities from services stressed supply chains. The virus also affects labor at factories and various stakeholders such as raw material suppliers and manufacturers, resulting in raw material shortages across the electrical enclosure industry. According to the ISM, manufacturing's growth potential has been hampered by worker absenteeism and short-term shutdowns due to component and labor shortages.
US Electrical Enclosures Market Trends
This section covers the major market trends shaping the US Electrical Enclosures Market according to our research experts:
Commercial spaces and buildings industry to drive the market demand
- It is typical for space to be dedicated to electrical panels and equipment in a commercial building. Often, commercial buildings will have a leading electrical service room and smaller electrical rooms on the other floors. The National Electrical Code requires “clear space,” referred to as working space around panelboard, to ensure easy access to overcurrent devices and provide adequate space for maintenance and inspection. The working space will vary as a function of the voltage of the electrical equipment and the surrounding equipment and walls.
- According to US Census Bureau, the value of public construction spending on commercial projects in the United States between 2008 and 2020 varied over time. In 2019, the public sector spent approximately USD 4.3 billion on commercial construction projects. This number had dropped to around USD 3.83 billion by the following year. Currently, private offices, warehouses, and retail/shopping take the primary lead. However, the building construction is moving toward the smart building, which is expected to increase the commercial projects.
- As protection requirements are less severe, a commercial-grade enclosure might be suitable. NEMA 1 is designed for indoor use and protects against incidental contact and dirt. For instance, Hammond Electronics Limited, which supply its enclosure in the United States, has a full NEMA 3R line and is ideal for many outdoor applications.
- Additionally, according to the US Department of Energy (DOE), HVAC, lighting alone consume about 50% of energy use in the average commercial building. Incorporating smart building automation systems, lighting, and HVAC solutions can decrease energy costs between 30% and 50%. According to the United States Energy Information Administration, commercial buildings account for nearly 20% of United States energy consumption and 12% of greenhouse gas emissions. By reducing waste and conserving energy, smart buildings create benefits for the global community. With increasing smart buildings, the market is expected to cater to significant demand.
Industrial segment to hold the highest market share
- Machine and wiring are protected from direct contact with humans and other external bodies, which could otherwise result in an accident or harm human life or the machine. These cabinets must be built according to industry standards to offer enough strength and safety for vital components installed inside.
- Due to environmental regulations, high capital costs, and the latest certification requirements, panel builders and machine manufacturers who predominantly used their facilities found it difficult to run.
- Many manufacturers use the International Electrotechnical Commission (IEC), which establishes a family of electrical enclosure standards, and the Institute of Electrical and Electronics Engineers (IEEE), a technical professional organization that establishes standards to advance technology and benefit humanity. When choosing an enclosure for industrial applications, factors such as material, protection, mounting, climate control, size, modularity, and versatility are considered.
- The National Electrical Manufacturers Association (NEMA) employs a standard rating system to specify the types of settings in which an electrical enclosure can be utilized. It is widely used to indicate a fixed enclosure's ability to tolerate specific environmental conditions.
- NEMA believes that using standards benefits both the user and the manufacturer. It increases the manufacturer-purchaser relationship's safety, economics, and communication. A NEMA standard describes a product in terms of its characteristics and capabilities.
US Electrical Enclosures Industry Overview
The United States Electrical Enclosures Market is fragmented. Industry 4.0, along with the increasing energy consumption in different regions, provides opportunities in the electronic enclosures market. The competitive rivalry among existing competitors is high. Moving forward, the innovation strategies of large companies are driving the electronic enclosures market.
- February 2021 - Legrand AV United States announced its new On-Q Dual-Purpose In-Wall Enclosures. The solutions are offered in 9-inch (ENP0900-NA) and 17-inch (ENP1700-NA) form factors and can be used for AV storage behind a TV or as enclosures for structured wiring. The Dual-Purpose In-Wall Enclosures are designed to house cable boxes, streaming players, and more conveniently.
- December 2020 - At the Innovation Summit North America 2020, Schneider Electric shared its plans for expansion in the United States with USD 40 million projects to upgrade its US manufacturing resources. The company also unveiled a new set of ruggedized data-center enclosures targeting the Industrial Internet of Things (IIoT). Designed for indoor industrial environments, the EcoStruxure Micro Data Center R-Series offers a fast and straightforward way to deploy and manage edge computing infrastructure in a place like a factory floor.
US Electrical Enclosures Market Leaders
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Schneider Electric SE
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Emerson Electric Co
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ABB Ltd
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Legrand SA
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Siemens AG
*Disclaimer: Major Players sorted in no particular order
US Electrical Enclosures Market News
- August 2021 - Hammond Manufacturing Ltd announced a USD 24 million expansion to provide more painting and metal fabrication capacity. The new 96,000-sq. Ft facility is scheduled to be operational by the end of 2022. The company manufactures electronic and electrical products, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors, and electronic transformers.
- March 2021 - Hubbell Control Solutions in South Carolina, the United States, announced the release of a new and improved NX Distributed Intelligence Lighting Control Panel (NXP2 Series) that centralizes connection points in an enclosure providing a solution that reduces time and costs to deploy code-compliant lighting control. It comes with surface mount and flushes mount enclosure options.
US Electrical Enclosures Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHT
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Industry Value Chain Analysis
4.4 Electrical Enclosure Standards
4.5 COVID-19 Impact on Industry Value Chain
4.6 Assessment of the Impact of COVID-19 on the Industry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Consumption and Capacity of Renewable Energy
5.1.2 Aging Power Generation and Distribution Network
5.2 Market Restraints
5.2.1 Economic Slowdown in Industries
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Metallic
6.1.2 Non-metallic
6.2 By Application
6.2.1 Power Generation and Distribution
6.2.2 Metal and Mining
6.2.3 Transportation
6.2.4 Oil and Gas
6.2.5 Commercial Spaces and Buildings
6.2.6 Process Industries
6.2.7 Other Applications
6.3 By End-User
6.3.1 Industrial
6.3.2 Commercial
6.3.3 Residential
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Schneider Electric SE
7.1.2 Legrand SA
7.1.3 Hubbell Inc.
7.1.4 Emerson Electric Co.
7.1.5 ABB Ltd
7.1.6 Eaton Corporation
7.1.7 Hammond Manufacturing Ltd
7.1.8 AZZ Inc.
7.1.9 Austin Electrical Enclosures
7.1.10 Siemens AG
7.1.11 Nvent Electric PLC
7.1.12 Rittal GmbH & Co. Kg
7.1.13 Adalet (Scott Fetzer Company)
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
US Electrical Enclosures Industry Segmentation
An electrical enclosure is a cabinet for electrical or electronic equipment to mount switches, knobs, and displays and prevent electrical shock to equipment users and protect the contents from the environment. Electrical enclosures are made up of two types of material, namely metallic and non-metallic. The electrical enclosures are being used in energy and power, industrial, process industries, transportation, infrastructure, and telecommunication industries.
| By Material Type | |
| Metallic | |
| Non-metallic |
| By Application | |
| Power Generation and Distribution | |
| Metal and Mining | |
| Transportation | |
| Oil and Gas | |
| Commercial Spaces and Buildings | |
| Process Industries | |
| Other Applications |
| By End-User | |
| Industrial | |
| Commercial | |
| Residential |
US Electrical Enclosures Market Research FAQs
How big is the US Electrical Enclosures Market?
The US Electrical Enclosures Market size is expected to reach USD 1.95 billion in 2024 and grow at a CAGR of 7.91% to reach USD 2.86 billion by 2029.
What is the current US Electrical Enclosures Market size?
In 2024, the US Electrical Enclosures Market size is expected to reach USD 1.95 billion.
Who are the key players in US Electrical Enclosures Market?
Schneider Electric SE , Emerson Electric Co, ABB Ltd, Legrand SA and Siemens AG are the major companies operating in the US Electrical Enclosures Market.
What years does this US Electrical Enclosures Market cover, and what was the market size in 2023?
In 2023, the US Electrical Enclosures Market size was estimated at USD 1.81 billion. The report covers the US Electrical Enclosures Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the US Electrical Enclosures Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US Electrical Enclosures Industry Report
Statistics for the 2024 US Electrical Enclosures market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Electrical Enclosures analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
