Fiberglass Electrical Enclosure Market size is set to be valued at US$ 292.6 Million in 2022 and is likely to grow at a CAGR of 6.2% from 2022 to 2032.

The global fiberglass electrical enclosure market is projected to grow at a CAGR of 6.2% and reach a valuation of over US$ 535.1 Mn by 2032.

Electrical enclosures made of fibreglass exhibit high levels of chemical and corrosion resistance. They are mainly preferred over metallic electrical enclosures. By using fibreglass enclosures, the effects of corrosive compounds caused by water, salts, acids, and bases are frequently reduced.

Fiberglass electrical enclosures are easier and safer to maintain because of their inherent properties. They have no dangerous edges and thus can be easily handled and installed on electrical appliances. Thus, to prevent electrical components from chemical spills and corrosion, demand for fiberglass electrical enclosures is increasing.

Surging energy consumption attributed to factors such as growing population, rapid urbanization, and increasing industrial output & mining activities would drive the global market. Each of these factors will require dependable power management facilities in order to build the infrastructure, which will ultimately raise the demand for fiberglass electrical enclosures.

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Key Takeaways: Fiberglass Electrical Enclosure Market

  • By product type, junction enclosures are projected to hold the highest market share of 45% in terms of volume in 2022.
  • By design, the standard type segment is expected to grow at a CAGR at 5.9% in the evaluation period.
  • By end use, the industrial segment is projected to create an absolute dollar opportunity of US$ 152.5 Mn during the forecast period.
  • By configuration, demand for wall mount enclosures is projected to increase at 5.8% CAGR in terms of value during the period of 2022 to 2032.
  • By 2032, East Asia is expected to generate the largest share in the global market, accounting for around 31.2%.

“Rising demand for durable and safe electrical enclosures is anticipated to boost sales of fiberglass electrical enclosures. Manufacturers are strengthening their positions through mergers and acquisitions in domestic markets. They are also investing in R&D activities to expand their presence across various regions,” says a Future Market Insights analyst.

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Competitive Landscape: Fiberglass Electrical Enclosure Market

Some of the key players in the global fiberglass electrical enclosure market are Schneider Electric SE, Legrand S.A., Eaton Corp., Hubbell Incorporated, Siemens AG, ABB Limited, Adalet Inc., Emerson Electric, General Electric Company, Rittal GmbH & Co. KG, ROSE Systemtechnik GmbH, Hammond Manufacturing Ltd., Elettrocanali S.p.A., OBO Bettermann Holding GmbH & Co. KG,Spelsberg, Gustav Hensel GmbH & Co. KG, Conextube, NITTO KOGYO CORPORATION, Hager Bocchiotti Spa, and Palazzoli S.p.A. among others.

Key manufacturers are focusing on expanding their regional presence and are engaging in marking their direct presence in local markets by extending their dealer networks. They are also collaborating with local distributors to supply their products globally.

Get More Valuable Insights on Fiberglass Electrical Enclosure Market:

The research report analyses the market demand trend for Fiberglass electrical enclosure. The global market is based on macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the Fiberglass electrical enclosures market report is studied and analysed in the following segments such as product type, design, end use, configuration, and region. The fiberglass electrical enclosure market report gives us qualitative and quantitative information about the companies.

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Fiberglass Electrical Enclosure Market Outlook by Category

By Product Type:

  • Junction Enclosures
  • Disconnect Enclosures
  • Operator Interface Enclosures
  • Environmental & Climate Control Enclosures
  • Push Button Enclosures

By Design:

  • Standard Type
  • Custom Type

By End Use:

  • Industrial
  • Residential & Commercial

By Configuration:

  • Wall Mount Enclosures
  • Floor Mount Enclosures
  • Freestanding Enclosures

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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