North American electric enclosure market is estimated to grow at a CAGR of 4.4% during the forecast period. The major factors contributing to the market growth include the rising manufacturing sector and rising energy and power industry. As per the Government of Canada, the energy sector of Canada represents more than 10% of nominal GDP in 2019. In 2018, Canadian government revenues from energy were $17.9 billion. The country is the 6th largest producer of energy, the 8th largest consumer, and the 4th largest net exporter. This leads to 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. Non-metallic enclosures are considered as a suitable choice over metal enclosures for applications in renewable energy, as it offers superior chemical and corrosion resistance rather than metallics, including galvanized steel, aluminum and painted. The maintenance of enclosure is virtually eliminated with the use of non-metallics. As per the Government of Canada, renewable energy sources offers nearly 16% of the country’s total primary energy supply. This, in turn, is accelerating the demand for non-metallic electric enclosures in the country. Based on vertical, the market is classified into energy and utilities, industrial, it and telecommunication, process industries, and others.

Some key players in the market include Eaton Corp., Hubbell Inc., Emerson Electric Co., ABB Ltd., and Schneider Electric SE. Partnerships and collaborations and mergers and acquisitions are considered vital strategies implemented by the market players to increase their position in the market. For instance, in May 2019, Toshiba Mitsubishi-Electric Industrial Systems Corp. (TMEIC) declared the launch of the TMdrive-Guardian. It is an outdoor enclosure for its renowned TMdrive-MVe2 medium voltage (MV) variable frequency drive (VFD). This is a self-sufficient enclosure that avoids the requirement of the house the drive in a temperature-controlled industrial control building or E-house. 

Research Methodology

The market study of the North American electric enclosure market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. North American Electric Enclosure Market Research and Analysis by Material
2. North American Electric Enclosure Market Research and Analysis by Vertical

The Report Covers

• Comprehensive research methodology of the North American electric enclosure market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American electric enclosure market.
• Insights about market determinants that are stimulating the North American electric enclosure market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.