The global electrical enclosure market is witnessing robust growth, driven by rapid industrialization, increasing energy demand, and modernization of electrical infrastructure. According to Kings Research, the market was valued at USD 7.90 billion in 2023 and is projected to grow from USD 8.43 billion in 2024 to USD 13.72 billion by 2031, registering a CAGR of 7.21% during the forecast period....
The global electrical enclosure market is experiencing robust growth due to increasing demand for safe and reliable electrical infrastructure across industries. The market was valued at USD 7.90 billion in 2023, and it is projected to rise from USD 8.43 billion in 2024 to USD 13.72 billion by 2031, exhibiting a steady CAGR of 7.21% during the forecast period (2024–2031). The surge in...
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