The electric enclosure market is likely to witness steady growth in the coming years because of the upturn in the oil & gas industry and the demand for hygienic type enclosures valves in the food & beverages industry. The electric enclosure market is expected to grow from USD 5.84 Billion in 2017 to USD 7.91 Billion by 2023, at a CAGR of 6.27% between 2018 and 2023. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023. The objective of the report is to provide a detailed analysis of the electric enclosure market on the basis of mounting type, material type, form factor, industry vertical, and geography. The report provides detailed information regarding the major factors influencing the growth of the electric enclosure market.
Download PDF Brochure:-
Rittal (Germany), Schneider (France), Pentair (UK). Emerson (US), Eaton (US), Hammond (Canada), Fibox (Finland), Adalet (US), ABB (Switzerland), AZZ (US), and Legrand (France) are the major industry players in the electric enclosure market.
Major electric enclosure manufacturers have a tight control on the pricing of the products, which is forcing other manufacturers to reduce the price of products to remain in competition. The electric enclosure industry will witness healthy product development programs and innovations in the coming years.
Among various applications, the power generation & distribution industry is expected to account for the largest size of the overall electric enclosure market between 2018 and 2023. Electric enclosures are used in the power generation & distribution industry in substations to protect critical components and circuitry. Electric enclosures used in oil & gas, metals & mining, and pulp & paper industries are rugged in design and should be able to withstand harsh environmental conditions. Over the past few years, oil & gas products have witnessed strong demand from developing nations. Such continuously increasing demand for oil & gas products is expected to drive the electric enclosure market.
Nonmetallic enclosures are gaining rapid acceptance in oil & gas and metals & mining verticals. This is due to increasing research & development of nonmetallic materials for enclosure application. Extensive research and product development has enabled manufacturers to introduce several new nonmetallic products with favorable and necessary features, which are making nonmetallic enclosures gain acceptance for critical applications.
Inquiry Before Buying:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441