Exe enclosures help to maintain safety in a huge number of industrial settings, from chemical plants to coal mines, and anywhere with an explosion risk due to the presence of vapours, gases and combustible dust.
A newly published report from Data Bridge Market Research looks at the global market for electric enclosures, with particular mention of how the market is driven by tight regulation of hazardous areas.
In these areas, exe enclosures and similar equipment are used to reduce the risk of fire and explosion, while also providing the more general benefits of preventing unintended exposure to direct contact with electrical systems.
From a global value of $5.8 billion in 2017, the industry is predicted to grow to be worth $8.2 billion by 2025, at a compound annual growth rate of a healthy 6.3%.
“Electrical enclosures are used for the protection of electrical components such as power generators, transformers, and other telecommunication devices,” the report states.
“The demand of electrical enclosures is basically driven by various national regulatory standards. Strict rules are imposed in hazardous areas to avoid fire and explosion risk.”
With strict safety regulations in place everywhere from coal mines to chemical plants, the report predicts a bright future for electrical enclosures of all kinds, with the renewable energy market posing a particular growth opportunity at present.