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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Steel Electrical Enclosure Market Outlook
The India steel electrical enclosure market is being aided by the growing India electrical enclosure industry, which is expected to grow at a CAGR of 7% in the forecast period of 2024-2032.
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Increasing Demand in Major End Use Sectors to Bolster the Growth of the India Steel Electrical Enclosure Industry
On the basis of end use, the power generation segment accounts for a significant share in the market owing to the rapid urbanisation, rising population, and the rising demand for energy. The development of improved power infrastructures and the increasing installation of power stations in the region are aiding the market growth. Meanwhile, the transmission and distribution segment is expected to account for a considerable share in the market due to the expansion of transmission network, which facilitates the flow of electrical energy, and the continuous technological upgradations taking place across the country.
The various national regulatory standards dictate the need for electrical enclosures. The use of flammable gases, combustible dust, and other volatile vapours or particles in hazardous areas facing fire or explosion risks is subject to strict regulations. This is especially true for industries like coal mines, and chemical plants, where potential risks include flammable gases, combustible dust, and other volatile vapours or particles. Special types of electrical enclosures may be required in areas prone to lightning strikes or flooding.
Electric Enclosure: Market Segmentation
An electrical enclosure can be defined as a cabinet for electric or electronic equipment. The main purpose of electrical enclosure is to provide protection from electrical shock and safeguard electrical equipment from the external environment.
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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
On the basis of end use, the industry is segmented into:
- Power Generation
- Transmission and Distribution
- Other Electrical Equipment
While the power generation segment is further bifurcated into turbines, and generator and genset, the transmission and distribution segment is further divided into power cable, switch gear and control gear, and transformers. The other electrical equipment segment is also sub-divided into transmission lines and conductors, relays and circuit breakers, motors, energy meters, and capacitors.
The regional markets for the product include North India, East India, West India, and South India.
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Growing Urbanisation and the Stringent Government Regulations to Boost the Growth of the India Steel Electrical Enclosure Industry
The stringent government regulations to protect the user from electrical shock are driving the demand for quality electric enclosures in various industries, which is driving the market growth. The rapid urbanisation and the increasing government investments to upgrade the power infrastructure across the country are further augmenting the growth of the steel electrical enclosure industry in India. In addition, the rising demand for electricity, increasing population, and the growing preference for compact enclosure are supporting the market growth. Over the forecast period, the improving safety standards in industries like chemical, and oil and gas, among others are likely to bolster the market growth.
Key Industry Players in the India Steel Electrical Enclosure Market
The report gives a detailed analysis of the following key players in the India steel electrical enclosure market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 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
- SSR Metals Private Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material Type |
|
| Breakup by Mounting Type |
|
| Breakup by Form Factor |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7% between 2024 and 2032.
The major drivers of the market are rapid urbanisation, rising demand for energy, and growing population.
The key trends guiding the growth of the market include the increasing demand from major end use sectors, development of improved power infrastructure, and increasing installation of power stations.
The major regions in the market are North, East, West, and South.
The material types of steel electrical enclosure in the market are stainless steel and carbon steel.
The various form factors of steel electrical enclosure in the market are small enclosure, compact enclosure, and free size enclosure.
The different mounting types in the market are wall mounted, free standing, and underground.
Electrical equipment used in steel electrical enclosures include transmission lines and conductors, relays and circuit breakers, motors, energy meters, and capacitors.
A steel electrical enclosure is a storage space for electronic or electric equipment that protects the equipment from the environment and people from electric shocks.
The major players in the India steel electrical enclosure market are INTEGRA Engineering India 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, among others.
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