The Global Electrical Enclosure industry is valued at $4.77 billion in 2014 and it is expected to reach $6.87 billion by 2022 growing in a CAGR of 6.03%. The electrical enclosure marketplace is expected to show moderate growth over the forecast period. The Main factors driving the electrical enclosure market are attractive industrial automation, home automation segments and industrial safety regulations. Huge investments in sustainable energy projects by various governments and heavy need for process automation in food & beverage sector are definitely the opportunities involved for that market growth. Our prime expense of enclosures and highly fragmented market are definitely the major restraints for the market growth.
The favorable investments in sustainable energy projects by various countries for example U.S. and U.K, rising demand from food & beverage segment are fuelling the market growth. The smart home equipment penetration is predicted to enhance the need for electrical enclosure market. Europe and Canada And America have stringent rules which finance industry is consolidated, whereas the Asia Pacific electrical enclosure market is supposed to register an important CAGR throughout the forecast period. Stringent government regulations against emission, increasing automotive production, changing consumer preferences, are some of the factors that happen to be influencing the current market increase in Asia Pacific region. Asia Pacific market is likely to mount as a quality product production destination and is expected to produce eco-friendly hoffman enclosures.
Global Electrical Enclosure industry is segmented by form factor, by product type, by material, by verticals and also by geography. Based upon form factor, electrical enclosure marketplace is further segmented into small, compact and free-size. According to product type, electrical enclosure marketplace is segmented into flame/explosion-proof, dust-tight, drip-tight and hazardous environment. Based on materials, electrical enclosure marketplace is segmented into metallic and non-metallic. Based 03dexlpky verticals, electrical enclosure marketplace is segmented into energy & power, food & beverages, commercial & industrial and transportation. Electrical Enclosure market by geography is segmented into America, Europe, Asia Pacific, and World.
The Real Key players on the market include, General Electric, Emerson Electric Company, Eaton Corporation, Rittal GmbH & Co. KG, ABB Ltd., Legrand, Siemens AG, Adalet Inc and Schneider Electric SE.
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the latest entrants
– Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments in line with the market estimations
– Competitive landscaping mapping the important thing common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the most recent technological advancements