Market Share of Electrical Enclosures Industry
The electronic enclosure market is moderately fragmented. Industry 4.0 and the increasing energy consumption in different regions provide opportunities in the electronic enclosures market. The players in the market are adopting major strategies, like product innovations, mergers and acquisitions, and strategic partnerships, to widen their product portfolio and expand their geographical reach. Some of the players in the market are ABB Ltd, Emerson Electric, and Schneider Electric SE, among others.
In July 2022 - Schneider Electric announced the launch of PrismaSeT S, a new series of enclosures that makes the installation of electrical distribution in commercial and industrial buildings equivalent to residential in terms of installation but more resistant to hard applications. PrismaSeT S supports Schneider Electric's initiative for being more sustainable by using parts of recycled plastic materials in its manufacturing process.
In March 2022 - Magna International Inc. announced that the company is expanding its battery enclosures operations in Canada to support new business from Ford Motor Company. The new 170,000-square-foot facility is expected to generate up to 150 new jobs and produce battery enclosures for the Ford F-150 Lighting.
Electrical Enclosures Market Leaders
Schneider Electric SE
ABB Ltd
Rittal GmbH & Co. KG
Emerson Electric Co.
Hubbell Inc.
*Disclaimer: Major Players sorted in no particular order
