ELECTRICAL ENCLOSURE MARKET ANALYSIS

Market Concentration and Competitive Landscape

Close-monitor your Competitor's Move, Request sample copy

Growing industrialization and infrastructure development activities

Rising urbanization and population growth across developing economies are propelling large scale industrial and infrastructure development programs. Many countries are aggressively investing in highways, metros, airports, and power transmission networks to modernize their countries. Massive investments are also occurring in manufacturing facilities, oil & gas projects, data centers and telecom infrastructure. All these development initiatives place high demand for electrical enclosures to safeguard critical electronic components.

Furthermore, there is increasing focus on the maintenance and refurbishment of aging electrical infrastructure in developed markets. New technologies are also being inducted to upgrade existing industrial facilities and make them more energy efficient. This presents upgrade and retrofitting opportunities for electrical enclosure manufacturers. The enclosures need to provide rugged design and meet certain IP protection ratings when installed in demanding industrial environments and outdoor applications subjected to dust, moisture and vibration. The ever growing construction spending on industrialization and infrastructure globally is expected to drive steady requirement for robust and specialized electrical enclosures.