UK Electrical Enclosure Equipment Market Size By Type (Small Enclosures, Compact Enclosures, and Free-Size Enclosures), By Application (Commercial & Industrial, Energy & Power Industry, Transportation, Food & Beverage), And Forecast
UK Electrical Enclosure Equipment Market Size By Type (Small Enclosures, Compact Enclosures, and Free-Size Enclosures), By Application (Commercial & Industrial, Energy & Power Industry, Transportation, Food & Beverage), And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
UK Electrical Enclosure Equipment Market Size And Forecast
UK Electrical Enclosure Equipment Market size was valued at USD 473.06 Million in 2022 and is projected to grow to USD 795.17 Million by 2030 with a CAGR of 6.88% between 2023-2030.
The market is mainly driven by factors such as increasing demand for automation and industrialization, rising demand for advanced technologies in the manufacturing and transportation sector, and increasing investment in renewable energy projects. The UK Electrical Enclosure Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
UK Electrical Enclosure Equipment Executive Summary
Think of electrical boxes and enclosures as shields for your wires and cables, keeping them safe from harm and preventing accidental shocks. In the UK, the market for these protective boxes is booming and really cutthroat! What's fueling this growth? Well, more and more businesses are embracing automation and building advanced factories. Plus, the transportation industry wants cooler tech, and there's a surge in investment in renewable energy projects. You'll find these electrical enclosures popping up everywhere from the aerospace industry to your favorite food & beverages companies, not to mention transportation and good ol' commercial and industrial settings. The UK electrical enclosure scene is a battleground with some big players vying for dominance. Many UK industries are bound by rules and standards around electrical gear, and these enclosures help companies play by those rules by providing a safe haven for their equipment. Take Rittal, for example. They're a top dog in the enclosure game, offering a ton of products for all sorts of uses. They're a big deal in the UK, famous for their top-notch quality and innovative ideas.
In the United Kingdom electrical enclosure is particularly important in energy and solar power applications as is needed to protect electrical equipment from environmental factors such as moisture, dust, and temperature fluctuations. In addition, Heavy rain and flooding can cause electrical hazards, such as fires. It helps to prevent these hazards by enclosing live electrical components and preventing contact with water or conductive materials.
UK Electrical Enclosure Equipment Market Attractiveness Analysis
Right now, the U.K. market for electrical enclosure equipment looks pretty appealing! The United Kingdom is a major player and should hold a significant chunk of the market by 2030. Why's it growing? Well, more electric switches and homes certainly help. Plus, we're seeing more light dimmers and innovative wiring solutions. And with the UK's regulations pushing for more tamper-resistant products, that's having an impact too. Don't forget how many people are using smart home devices – it's a big deal in mature markets like the UK. Finbold reports that almost 25% of UK internet users (aged 16-64) already own one! Finally, look out for major manufacturers developing new products – that's really going to drive the UK market forward.
UK Electrical Enclosure Equipment Market Outlook
With concerns about the environmental impact of fossil fuels and even nuclear power, renewable energy sources like wind and solar are really taking off. These alternative power sources are seen as clean and pollution-free! But, generating electricity from solar and wind isn't always easy. The batteries and electrical parts are sensitive, especially when the weather gets rough. So, to keep things safe and reliable, the energy industry relies heavily on electrical enclosures, which is expected to give the UK electric enclosure equipment market a real boost. Solar and wind are the UK's favorite sustainable energy resources right now, and tidal generation is also starting to make waves. Looking ahead, as the UK ramps up both its use and production of renewable energy, we can expect the electrical enclosure equipment market to keep growing strong.
The U.K. Electrical Enclosure Equipment Market is expected to grow, thanks to big players making moves like mergers and acquisitions, launching new products, and teaming up in partnerships. They're also boosting innovation to grab more market share. Take nVent, for example. In January 2021, they rolled out a New Universal Free-Stand Enclosure Portfolio aimed at cutting project lead times while ensuring safety and reliability—helping panel shops and integrators get more done, faster. Plus, all the tech advancements are turning electric enclosures into vital parts of IoT systems. As enclosures get better at protecting energy and power gear, companies are more willing to invest in making them even better. We're also seeing companies like Inspirit Capital (a UK investment firm) acquiring groups like Alpha3 Manufacturing to expand their reach. These developments will probably support growth and create opportunities. Even though electrical enclosures, which house wiring and other gadgets, are a vital part of computerized systems, they still have their limits.
UK Electrical Enclosure Equipment MarketSegmentation Analysis
The UK Electrical Enclosure Equipment Market is segmented on the basis of Type and Application.
UK Electrical Enclosure Equipment Market, By Type
• Small Enclosures• Compact Enclosures• Free-Size Enclosures
To Get a Summarized Market Report By Type-
When we look at the market by Type, it breaks down into Small, Compact, and Free-Size Enclosures. Small Enclosures were the big winners in 2021, grabbing the largest piece of the pie, and we expect that trend to continue. Compact Enclosures came in second. Think of Small Enclosures as homes for your tiny electronic bits and bobs. They're made to be attached to walls and other surfaces, and what's great is how versatile they are. You can find them in different shapes and sizes, perfect for everything from telecommunications to industrial automation and even outdoor setups.
UK Electrical Enclosure Equipment Market, By Application
• Commercial & Industrial• Energy & Power Industry• Transportation• Food & Beverage• Others
To Get a Summarized Market Report By Application-
Okay, so the electrical enclosure market is broken down by application into areas like Commercial & Industrial, the Energy & Power Industry, Transportation, Food & Beverage, and "Others." Seems like Commercial & Industrial was the biggest slice of the pie in 2021 and is expected to grow the fastest moving forward. The Energy & Power sector wasn't far behind as the second-largest market. Looking ahead, all this talk about climate change might mean we'll see more demand for "green" enclosures – think eco-friendly materials or designs that save energy. Ultimately, new tech and what customers want are creating some interesting opportunities for electrical enclosure equipment, especially in those Commercial & Industrial spots. You can learn more here.
Key Players
The major players in the market are; Rittal Ltd, nVent Electric plc, Schneider Electric UK Ltd, ABB Ltd, A&T Enclosures, Alpha 3 Manufacturing Ltd., JC Metalworks Ltd., Pentair, Prism Enclosures Ltd., Rainford Solutions Ltd, among others. This section provides company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Company Market Ranking Analysis
Okay, so we dug into the Electrical Enclosure Equipment Market to really understand the top three players. It's more than just picking names out of a hat! We look at a bunch of things before ranking them. Speaking of names, the top three are Schneider Electric UK Ltd., ABB Ltd, and Rittal. What do we look at? Well, a company’s brand value is key, plus their product portfolio (you know, all the variations, specs, features, and prices). We also check out how present they are in major regions, how well their products are selling these days, and their slice of the overall revenue pie. We also dive into their product lineup, seeing if they're using cool new tech or trying new strategies to get their name out there, whether it's worldwide or just in certain regions. And, of course, we can't forget about how they distribute their stuff – both online and offline. That really tells us where they're strong and how much of a grip they have on the Electrical Enclosure Equipment Market.
Company Regional/Industry Footprint
The company’s regional section provides geographical presence, regional level reach, or the respective company’s sales network presence. For instance, Rittal Ltd has its presence Globally i.e. in North America, Europe, Asia Pacific and RoW.
Apart from this, the industrial footprint section provides a cross-analysis of industry verticals and market players that gives a clear picture of the company landscape concerning the industries they serve their products. For Electrical Enclosure Equipment Market, four industries have been considered, i.e., Energy & Power, Commercial & Industrial, Food & Beverage, Transportation, and Others. For instance, Rittal Ltd has its presence in all the above industries. All the companies considered for profiling are reviewed similarly under this section. These sections help us to understand the overall Electrical Enclosure Equipment Market presence on a UK and country level.
Ace Matrix
This section of the report provides an overview of the company evaluation scenario in the Electrical Enclosure Equipment Market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as the product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Rittal Ltd, nVent Electric plc, Schneider Electric UK Ltd, ABB Ltd, A&T Enclosures, Alpha 3 Manufacturing Ltd., JC Metalworks Ltd., & Others
SEGMENTS COVERED
Type and Application.
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.
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UK Electrical Enclosure Equipment Market Infographic
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