The new report by Expert Market Research titled, ‘India Steel Electrical Enclosure Market Report and Forecast 2021-2026’, gives an in-depth analysis of the India steel electrical enclosure market, assessing the market based on its segments, form, applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 7%
Due to increased urbanisation, rising population, and expanding energy demand, the power generating segment accounts for a large portion of the market in terms of end use. The expansion of the market is aided by the development of upgraded power infrastructures and the increasing installation of power stations in the region. Meanwhile, due to the expansion of the transmission network, which facilitates the flow of electrical energy, and the ongoing technical upgrades taking place across the country, the transmission and distribution segment is likely to account for a significant proportion of the market. Electrical enclosures are required by various national regulatory standards. The usage of flammable gases, combustible dust, and other volatile vapours or particles in situations where there is a risk of fire or explosion is strictly regulated. This is particularly true in industries such as coal mines and chemical factories, where flammable gases, combustible dust, and other volatile vapours or particles pose a threat. In places prone to lightning strikes or flooding, special types of electrical enclosures may be required.
Industry Definition and Major Segments
A cabinet for electric or electronic equipment is referred to as an electrical enclosure. The main aim of an electrical enclosure is to protect electrical equipment from electrical shock and to keep it safe from the elements.
The market is divided based on material type into:
- Stainless Steel
- Carbon Steel
By mounting type, the market is divided into:
- Wall Mounted
- Free Standing
- Underground
Based on form factor, the industry is segmented into:
- Small Enclosure
- Compact Enclosure
- Free Size Enclosure
Based on end-use, the industry is segmented into:
- Power Generation
- Transmission and Distribution
- Other Electrical Equipment
- Transmission lines and conductors
- Relays and circuit breakers
- Motors
- Energy meters
- Capacitors
While the power generation segment is further bifurcated into:
- Turbines
- Generator
- Genset
The transmission and distribution segment is further divided into:
- Power cable
- Switchgear and control gear
- Transformers
The regional markets for the product include:
- North India
- East India
- West India
- South India
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Market Trends
The demand for excellent electric enclosures in numerous industries is driving market expansion, thanks to tight government regulations designed to safeguard users from electrical shock. The expanding urbanisation of India, as well as increased government investments to enhance the country’s electricity infrastructure, are fueling the rise of the steel electrical enclosure business. In addition, increased electricity demand, population growth, and a growing preference for smaller enclosures are all driving market expansion. Improving safety requirements in industries such as chemical and oil and gas, among others, are expected to boost market growth over the forecast period.
Key Market Players
The major players in the market are Integra Engineering Private Limited, Rittal India Pvt. Ltd., Fibox India Private Limited, BCH Electric Limited, RR India, Suvire Electric Pvt. Ltd., Allied Moulded Enclosure Products (India) Private Limited, PRK Fabricators Pvt Ltd and SSR Metals Private Limited. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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