During the forecast period between 2020 to 2025, the industrial enclosures market share is projected to increase by $1.83 billion, and the market will expand at a CAGR of 4.88 percent. The demand for industrial enclosures is growing primarily as a result of the rising usage of electrical and electronic devices in manufacturing techniques, but there are some concerns that could restrain market expansion, such as rising price rivalry brought on by unstable input costs.
Over the ensuing ten years, the significance of energy-efficient technology has been acknowledged. Due to chronic power outages, electricity has become a serious worry for many companies, particularly in developing nations. As a result, consumers use a variety of protection systems to safeguard industrial machinery leading to the need for enhanced industrial enclosures. Established in 2004 with the commitment to deliver excellent products at affordable costs, Harold Industries has become a leading name in the Indian Industrial Enclosures domain.
Promising a Range of Services
The firm has since its inception been providing distribution panels of the highest caliber. Harold initially began its journey as a user of modular enclosure solutions. However, during the years 2008 and 2009, they began to create and refine modular enclosure systems internally, comparing them with some of the top names in the sector.
“Since then, we have been constantly upgrading our designs and offerings. We categorize our product as a Value for Money product, which allows customization at the users end”, states B. Srinivasan, Managing Director of Harold Industries.
Over the years, Harold has established a global presence for itself on account of its commitment to quality and affordability. Meeting and exceeding customer trust and establishing long-term relationships with clients have been Harold's forte. Understanding the needs of the clients and providing the ideal resolution to meet those demands is where Harold puts in its energy.
Harold’s range of products includes a true Modular enclosure system that can be utilized for ratings up to 6300A and in Form 4b Type 7 configuration, Modular Sub Main distribution board in Form 2 and Form 3 configuration, Wall mounted distribution boards, Outdoor type distribution boards, Compact substation enclosures and more. Furthermore, they also offer an active Battery rack system (fixed and withdrawable type) for use in data centres, substations, and more, and Networking rack system can be supplied as a customized solution.
We categorize our product as a Value for Money product, which allows customization at the users end
What differentiates Harold is the keen attention to detail and an ever-dying spirit of putting the client first. “At every stage of our design and evolution process, requirements of all stakeholders are kept in mind to offer a hassle-free and easy-to-use product to one and all”, adds Srinivasan. Furthermore, as a manufacturer of active distribution panels, they have a thorough understanding of the requirements for an enclosure system from a variety of angles, which enables them to deliver relevant solutions.
Future Roadmap
The Industrial enclosures sector is primed for expansion as a new generation of businesses invest in the advancement of modular enclosure systems and more consumers opt for easily obtainable off-the-shelf enclosure solutions. Being a seasoned player in the industry, Harold has set a clear future roadmap for itself. "We want to have sales from this segment that are equal to or greater than those from our custom-made distribution board segment because we were an early adopter of modular enclosure systems”, speaks Pradeep V. S. In order to see the required increase, Harold would maintain its current amount of investment in this sector in the coming years, and use this intel for its future growth and expansion.
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