Plastic Enclosures Market By Types (Hand-held Enclosures, Free Standing Enclosures, Wall-mount Enclosures, and Desk-Top Enclosures), Materials (ABS, Acrylic, Polystyrene, Foamed/Expanded PVC, Polycarbonate, Polyamide, Others), Verticals (Power Generation & Distribution, Oil & Gas, Metals & Mining, Medical, Pulp & Paper, Food & Beverage, Automotive & Transportation, Others), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Plastic Enclosures Market Outlook
The global plastic enclosures market size was valued at USD 2,003 Million in 2019 and is projected to reach USD 2,714 Million by 2027, expanding at a CAGR of 4.9% during the forecast period. Plastic enclosures are designed to protect sensitive electronic & electrical components, medical components, and other devices or components.
According to the National Electrical Manufacturers Association (NEMA), an enclosure is a cabinet designed for providing personnel with some protection against incidental contact with the enclosed equipment and specified environmental conditions.
The plastic enclosure market is driven by rising investments in the electrical engineering & electronics industry in several countries, increasing demand for industrial Internet of Things (IoT) devices and applications, and growing urbanization in developing countries. However, low recycling capabilities for plastics and increasing carbon footprint globally are anticipated to hamper the market during the forecast period.
Plastic Enclosures Market Dynamics
Drivers
Market dynamics are changing rapidly in the electrical engineering & electronics industry. According to statistics, globally, the industry was valued around USD 5.0 trillion. China generated approximately 40% of the global revenues from the electrical engineering and electronics industry.
This has created a surge in an increase in competitive establishments in the electrical engineering and electronics industry. This rise in the number of industry participants has fueled the demand for electrical plastic enclosures, as these engineered cases play a pivotal role in protecting electronics and electrical components.
Plastic enclosures are used to accommodate sensors used in the networking of IoT devices to make them work effectively. The industrial IoT significantly impacts the companies’ ability to manage the data and functions efficiently.
Several countries are continuously investing in IoT technologies. According to statistics, the US invested around USD 194 billion in 2019, followed by China ranking second with a total investment of USD 182 billion. This high usage of IoT devices among industries is expected to boost the market.
Restraints
Carbon footprint is a major concern globally and is expected to be a major factor hindering the market. Plastics enclosures negatively impact and cause climatic change. The production and disposal of plastic emits significantly high amounts of greenhouse gases (GHG), especially during its incineration.
Plastic is a non-biodegradable material that can harm the environment and cause pollution. Manufacturing of plastics enclosures creates large quantities of GHG. To overcome this issue, several manufacturers and industries are adopting metal- or alloy-based plastic enclosures.
Opportunities
Advancements in the robotics and automation sectors in several developing countries are creating several opportunities in the global market. Increasing automation investments in countries such as China and Singapore, which in turn, has influenced other developing nations to increase their investments. The emergence of several local players in many countries due to favoring government reforms is also expected to create significant growth opportunities in the global market.
Plastic Enclosures Market Segment Insights
Types Segment Analysis
On the basis of types, the global plastic enclosures market is categorized as hand-held enclosures, free standing enclosures, wall-mount enclosures, desk-top enclosures, and others. The wall-mount enclosures segment is expected to hold 26.8% share of the global market. The hand-held enclosures segment is projected to expand at a considerable pace of 5.8% during the forecast period.
The high growth of the hand-held enclosures segment is attributed to its ability to be used for indoor and outdoor applications. These enclosures have higher compatibility and are resistant to most of the environment risks. High durability and lightweight characteristics of hand-held enclosures makes increases its demand in several electronics applications.
Materials Segment Analysis
Based on materials, the market is classified as ABS, acrylic, polystyrene, foamed/expanded PVC, polycarbonate, polyamide, and others. The ABS segment accounts for a major share of the market while the polycarbonate segment is anticipated to expand at a high CAGR of 5.7% during the forecast period.
The growth of the polycarbonate segment is attributed to its ability of being very high impact resistance material offering longevity of protection to the devices and/or equipment enclosed.
Polycarbonate has a minimum life expectance ranging from 20 to 25 years. The use of polycarbonate makes the enclosures lightweight and versatile. Additionally, polycarbonate enclosures are easier to mold than other plastic materials, while its lightweight characteristics reduce the cost of transportation of the product. These factors are boosting the growth of the segment.
Verticals Segment Analysis
On the basis of verticals, the plastic enclosures market is classified into power generation & distribution, oil & gas, metals & mining, medical, food & beverage, transportation, and others. The power generation & distribution segment is estimated to constitute a major share of the global market and is also anticipated to expand at a substantial CAGR during the forecast period.
Rise in the consumption of electricity in the recent few years is propelling investments in the power generation and distribution industry across several regions. According to statistics, the worldwide energy generation grew from 24.8 trillion kilowatt hours (kWh) in 2018 to approximately 44.3 trillion kWh by 2050. Surge in consumption of electricity and distribution of electricity is expected to fuel the demand for plastic enclosures, thus driving the growth of the plastic enclosure market.
Additionally, governments in numerous countries are shifting their focus on generating electricity through renewable sources, which is expected to create several growth opportunities for companies engaged in providing plastic enclosure for devices or components.
Regional Outlook
Based on regions, the plastic enclosures market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to account for a large share of the global market and is expected to grow at a substantial pace during the forecast period.
The high growth of the plastic enclosure market in Asia Pacific is attributed to rising investments in the power generation & distribution industry by several countries including China, India, and Japan. Presence of several major plastic producers in the region is a key factor propelling the market in the region.
The market North America is expected to hold a significant share of the market due to increasing industrial automation and smart cities integration in the region. Additionally, the growth of the oil & gas sector in the region is increasing demand for plastic enclosures in the region.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Plastic Enclosures Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Plastic Enclosures Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastic Enclosures Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plastic Enclosures Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plastic Enclosures Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plastic Enclosures Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plastic Enclosures Market Size & Forecast, 2017-2027
4.5.1 Plastic Enclosures Market Size and Y-o-Y Growth
4.5.2 Plastic Enclosures Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, By Type, 2017-2027
4.7 Global Plastic Enclosures Market: Impact Of Key Regulations
4.8 Electrical Appliances Industry Growth Analysis
4.9 Electrical Enclosures Market Trends Overview
4.10 New Product Launches from Companies
4.11 Product Innovation/Technology Landscape
4.12 Plastic Enclosures Potential Issues Analyzing and Manufacturing Initiatives Overview
Chapter 5 Global Plastic Enclosures Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Plastic Enclosures Market Size & Volume Forecast By Type
5.2.1 Hand-held Enclosures
5.2.2 Free Standing Enclosures
5.2.3 Wall-mount Enclosures
5.2.4 Desk-top Enclosures
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Plastic Enclosures Market Analysis and Forecast By Materials
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Materials
6.1.2 Basis Point Share (BPS) Analysis By Materials
6.1.3 Absolute $ Opportunity Assessment By Materials
6.2 Plastic Enclosures Market Size & Volume Forecast By Materials
6.2.1 ABS
6.2.2 Acrylic
6.2.3 Polystyrene
6.2.4 Foamed/Expanded PVC
6.2.5 Polycarbonate
6.2.6 Polyamide
6.2.7 Others
6.3 Market Attractiveness Analysis By Materials
Chapter 7 Global Plastic Enclosures Market Analysis and Forecast By Verticals
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Verticals
7.1.2 Basis Point Share (BPS) Analysis By Verticals
7.1.3 Absolute $ Opportunity Assessment By Verticals
7.2 Plastic Enclosures Market Size & Volume Forecast By Verticals
7.2.1 Power Generation & Distribution
7.2.2 Oil & Gas
7.2.3 Metals & Mining
7.2.4 Medical
7.2.5 Pulp & Paper
7.2.6 Food & Beverage
7.2.7 Automotive & Transportation
7.2.8 Others
7.3 Market Attractiveness Analysis By Verticals
Chapter 8 Global Plastic Enclosures Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Plastic Enclosures Market Size & Volume Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Plastic Enclosures Analysis and Forecast
10.1 Introduction
10.2 North America Plastic Enclosures Market Size & Volume Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Plastic Enclosures Market Size & Volume Forecast By Type
10.6.1 Hand-held Enclosures
10.6.2 Free Standing Enclosures
10.6.3 Wall-mount Enclosures
10.6.4 Desk-top Enclosures
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 North America Plastic Enclosures Market Size & Volume Forecast By Materials
10.10.1 ABS
10.10.2 Acrylic
10.10.3 Polystyrene
10.10.4 Foamed/Expanded PVC
10.10.5 Polycarbonate
10.10.6 Polyamide
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis By Materials
10.12 Absolute $ Opportunity Assessment By Materials
10.13 Market Attractiveness Analysis By Materials
10.14 North America Plastic Enclosures Market Size & Volume Forecast By Verticals
10.14.1 Power Generation & Distribution
10.14.2 Oil & Gas
10.14.3 Metals & Mining
10.14.4 Medical
10.14.5 Pulp & Paper
10.14.6 Food & Beverage
10.14.7 Automotive & Transportation
10.14.8 Others
10.15 Basis Point Share (BPS) Analysis By Verticals
10.16 Absolute $ Opportunity Assessment By Verticals
10.17 Market Attractiveness Analysis By Verticals
Chapter 11 Europe Plastic Enclosures Analysis and Forecast
11.1 Introduction
11.2 Europe Plastic Enclosures Market Size & Volume Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Plastic Enclosures Market Size & Volume Forecast By Type
11.6.1 Hand-held Enclosures
11.6.2 Free Standing Enclosures
11.6.3 Wall-mount Enclosures
11.6.4 Desk-top Enclosures
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Europe Plastic Enclosures Market Size & Volume Forecast By Materials
11.10.1 ABS
11.10.2 Acrylic
11.10.3 Polystyrene
11.10.4 Foamed/Expanded PVC
11.10.5 Polycarbonate
11.10.6 Polyamide
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis By Materials
11.12 Absolute $ Opportunity Assessment By Materials
11.13 Market Attractiveness Analysis By Materials
11.14 Europe Plastic Enclosures Market Size & Volume Forecast By Verticals
11.14.1 Power Generation & Distribution
11.14.2 Oil & Gas
11.14.3 Metals & Mining
11.14.4 Medical
11.14.5 Pulp & Paper
11.14.6 Food & Beverage
11.14.7 Automotive & Transportation
11.14.8 Others
11.15 Basis Point Share (BPS) Analysis By Verticals
11.16 Absolute $ Opportunity Assessment By Verticals
11.17 Market Attractiveness Analysis By Verticals
Chapter 12 Asia Pacific Plastic Enclosures Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Plastic Enclosures Market Size & Volume Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Plastic Enclosures Market Size & Volume Forecast By Type
12.6.1 Hand-held Enclosures
12.6.2 Free Standing Enclosures
12.6.3 Wall-mount Enclosures
12.6.4 Desk-top Enclosures
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Asia Pacific Plastic Enclosures Market Size & Volume Forecast By Materials
12.10.1 ABS
12.10.2 Acrylic
12.10.3 Polystyrene
12.10.4 Foamed/Expanded PVC
12.10.5 Polycarbonate
12.10.6 Polyamide
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis By Materials
12.12 Absolute $ Opportunity Assessment By Materials
12.13 Market Attractiveness Analysis By Materials
12.14 Asia Pacific Plastic Enclosures Market Size & Volume Forecast By Verticals
12.14.1 Power Generation & Distribution
12.14.2 Oil & Gas
12.14.3 Metals & Mining
12.14.4 Medical
12.14.5 Pulp & Paper
12.14.6 Food & Beverage
12.14.7 Automotive & Transportation
12.14.8 Others
12.15 Basis Point Share (BPS) Analysis By Verticals
12.16 Absolute $ Opportunity Assessment By Verticals
12.17 Market Attractiveness Analysis By Verticals
Chapter 13 Latin America Plastic Enclosures Analysis and Forecast
13.1 Introduction
13.2 Latin America Plastic Enclosures Market Size & Volume Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Plastic Enclosures Market Size & Volume Forecast By Type
13.6.1 Hand-held Enclosures
13.6.2 Free Standing Enclosures
13.6.3 Wall-mount Enclosures
13.6.4 Desk-top Enclosures
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Latin America Plastic Enclosures Market Size & Volume Forecast By Materials
13.10.1 ABS
13.10.2 Acrylic
13.10.3 Polystyrene
13.10.4 Foamed/Expanded PVC
13.10.5 Polycarbonate
13.10.6 Polyamide
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis By Materials
13.12 Absolute $ Opportunity Assessment By Materials
13.13 Market Attractiveness Analysis By Materials
13.14 Latin America Plastic Enclosures Market Size & Volume Forecast By Verticals
13.14.1 Power Generation & Distribution
13.14.2 Oil & Gas
13.14.3 Metals & Mining
13.14.4 Medical
13.14.5 Pulp & Paper
13.14.6 Food & Beverage
13.14.7 Automotive & Transportation
13.14.8 Others
13.15 Basis Point Share (BPS) Analysis By Verticals
13.16 Absolute $ Opportunity Assessment By Verticals
13.17 Market Attractiveness Analysis By Verticals
Chapter 14 Middle East & Africa (MEA) Plastic Enclosures Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Plastic Enclosures Market Size & Volume Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Plastic Enclosures Market Size & Volume Forecast By Type
14.6.1 Hand-held Enclosures
14.6.2 Free Standing Enclosures
14.6.3 Wall-mount Enclosures
14.6.4 Desk-top Enclosures
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Middle East & Africa (MEA) Plastic Enclosures Market Size & Volume Forecast By Materials
14.10.1 ABS
14.10.2 Acrylic
14.10.3 Polystyrene
14.10.4 Foamed/Expanded PVC
14.10.5 Polycarbonate
14.10.6 Polyamide
14.10.7 Others
14.11 Basis Point Share (BPS) Analysis By Materials
14.12 Absolute $ Opportunity Assessment By Materials
14.13 Market Attractiveness Analysis By Materials
14.14 Middle East & Africa (MEA) Plastic Enclosures Market Size & Volume Forecast By Verticals
14.14.1 Power Generation & Distribution
14.14.2 Oil & Gas
14.14.3 Metals & Mining
14.14.4 Medical
14.14.5 Pulp & Paper
14.14.6 Food & Beverage
14.14.7 Automotive & Transportation
14.14.8 Others
14.15 Basis Point Share (BPS) Analysis By Verticals
14.16 Absolute $ Opportunity Assessment By Verticals
14.17 Market Attractiveness Analysis By Verticals
Chapter 15 Competition Landscape
15.1 Plastic Enclosures Market: Competitive Dashboard
15.2 Global Plastic Enclosures Market: Market Share Analysis, 2020
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Bopla Gehause Systeme GmbH
15.3.2 Envision Plastics & Design
15.3.3 Fibox Enclosures
15.3.4 Hammond Manufacturing Ltd.
15.3.5 Legrand
15.3.6 nVent
15.3.7 OKW
15.3.8 Phoenix Contact
15.3.9 Plastic Enclosures & Custom Plastic Housings
15.3.10 Polycase
15.3.11 Rittal GmbH & Co. KG
15.3.12 ROLEC Gehause-Systeme GmbH
15.3.13 SIMCO- Standard Injection Molding Company, Inc
15.3.14 Takachi Electronics Enclosure Co., Ltd.
15.3.15 Unibox Enclosures