Electric Enclosure Market is expected to grow from USD 5.65 Billion in 2017 to USD 9.65 Billion by 2026, at a CAGR of 6.13% between 2017 and 2026. (Detailed analysis of the market CAGR is provided in the report)Electric Enclosure MarketAn Electric Enclosure is a cabinet for electrical and electronic components and equipment. Its primary purpose is to protect human beings from electric shock and safeguard the electrical or electronics components from the environmental damage. Generally, rigid plastic, metals, mostly carbon steel, aluminum, and stainless steel are the materials used for an electrical enclosure. The electrical enclosure is used to safeguard electrical equipment such as power generators, power distribution systems, transmitters, knobs, switches.
Increasing adoption of smart grids, growing demand for Industrial Internet of things enabled enclosures, stringent regulations regarding safety in working environment, growing investments in renewable energy projects, growing demand for hygienic enclosure sin food and beverages industry, increasing demand for energy and electricity, and increase in consumer awareness about safety are the major factors driving the growth of electric enclosure market
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Further key findings from the report:
• From the industry vertical segment, power generation and distribution industry to hold the largest share of the electric enclosure market during the forecast period. In Power generation and distribution industry electrical enclosures are used to safeguard critical components and circuitry. The increased safety norms in industries is expected to contribute in the growth of electric enclosure market
• Growing demand in oil & gas and metals & mining industry for the nonmetallic enclosure is expected to increase the overall share of nonmetallic electric enclosure segment in the electric enclosure market
• Among the geographical regions, APAC is anticipated to grow at significant higher CAGR between 2017 and 2026. Increased investments in power generation and distribution sector and stringent government regulations in developing countries such as China and India is expected to drive an electric enclosure market in this region
• Electric enclosure market for underground enclosure segment is anticipated to grow at highest CAGR by 2026. This growth can be attributed to their low maintenance cost and rising adoption in power transmission segment in underground cabling and electricity lines
Key Highlights:
• Analyzes competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Electric Enclosure Market
• The objective of the report is to provide a detailed analysis of the Electric Enclosure Market on the basis of material type, mounting type, form factor, industry vertical, and geography
• Complete quantitative analysis of the industry from 2017 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Analysis of the Electric Enclosure Market with respect to individual growth trends, prospects, and contribution to the total market
• Segment wise business performance detailed in the report will be worthwhile for the organizations willing to enhance its business
• Provides detailed information regarding the major factors influencing the growth of the Electric Enclosure Market (drivers, restraints, opportunities, and challenges)
• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business
Years that have been considered for the study are as follows:
• Base Year – 2016
• Estimated Year – 2017
• Forecast Period – 2017 to 2026
For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered
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Scope of Global Electric Enclosure Market:
Global Electric Enclosure Market, By Material Type
• Metallic Enclosures
• Nonmetallic Enclosures
Global Electric Enclosure Market, By Mounting Type
• Wall-Mounted Enclosure
• Free-Standing Enclosure
• Underground Electric Enclosure
Global Electric Enclosure Market, By Form Factor
• Small Enclosures
• Compact Electric Enclosures
• Free-Size Electric Enclosures
Global Electric Enclosure Market, By Industry Vertical
• Power Generation and Distribution
• Oil & Gas
• Metals & Mining
• Medical
• Pulp & Paper
• Transportation
• Food & Beverages
• Other Industry Verticals
Global Electric Enclosure Market, by Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating In Global Electric Enclosure Market:
• Rittal GmbH & Co. Kg.
• Schneider Electric
• ABB Ltd.
• Eaton Corporation
• Emerson Electric Co.
• Pentair PLC.
• AZZ Incorporated
• Legrand SA
• Hubbell Incorporated
• Socomec Group SA
• Hammond Manufacturing
• Fibox
• Saginaw Control and Engineering
• Leviton Manufacturing Ltd
• Adalet Ltd.
• Eldon Holding Limited
• Allied Moulded Products Ltd
• Austin Electrical Enclosures
• Omega Engineering
• Klassen Custom Fabrication Ltd.
MAJOR TOC OF THE REPORT
Chapter One: Electric Enclosure Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Electric Enclosure Market Competition, by Players
Chapter Four: Global Electric Enclosure Market Size by Regions
Chapter Five: North America Electric Enclosure Revenue by Countries
Chapter Six: Europe Electric Enclosure Revenue by Countries
Chapter Seven: Asia-Pacific Electric Enclosure Revenue by Countries
Chapter Eight: South America Electric Enclosure Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Electric Enclosure by Countries
Chapter Ten: Global Electric Enclosure Market Segment by Type
Chapter Eleven: Global Electric Enclosure Market Segment by Application
Chapter Twelve: Global Electric Enclosure Market Size Forecast (2019-2026)
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