Electric Enclosure Market: power generation & distribution industry is expected to account for the largest size

 According to the new market research report "Electric Enclosure Market by Mounting Type, Form Factor, Material, Industry Vertical (Power Generation & Distribution, Oil & Gas, Metals & Mining, Medical, Pulp & Paper, Food & Beverage, Transportation), and Geography - Global Forecast to 2023", the Electric enclosure market is expected to grow from USD 6.15 Billion in 2018 to USD 7.91 Billion by 2023, at a CAGR of 6.27%. Factors that will be driving this market include increasing demand for enclosures from the renewable energy sector, stringent safety and process regulations, which are forcing users to look for enclosures that are compliant to regulations, and increased focus on connected cities in developing regions.

Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6953934

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.

“APAC expected to lead the electric enclosure market between 2018 and 2023”

APAC is expected to hold the largest size of the electric enclosure market during the forecast period. Key factor driving the electric enclosure market in APAC is the growing demand for energy & power from both residential and commercial sectors.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and AZZ (US) are the major industry players in the electric enclosure market.

About MarketsandMarkets™

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 5000 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, "RT" 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

How Electric Enclosure Market Segmented?

 According to the new market research report "Electric Enclosure Market by Mounting Type, Form Factor, Material, Industry Vertical (Power Generation & Distribution, Oil & Gas, Metals & Mining, Medical, Pulp & Paper, Food & Beverage, Transportation), and Geography - Global Forecast to 2023", the Electric enclosure market is expected to grow from USD 6.15 Billion in 2018 to USD 7.91 Billion by 2023, at a CAGR of 6.27%. Factors that will be driving this market include increasing demand for enclosures from the renewable energy sector, stringent safety and process regulations, which are forcing users to look for enclosures that are compliant to regulations, and increased focus on connected cities in developing regions.

Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6953934

Scope of the Report:

This research report categorizes the overall electric enclosure market on the basis of mounting type, form factor, material type, industry vertical, and geography.

Electric Enclosure Market, by Material Type

• Metallic (Aluminum, Stainless steel, mild steel, others)
• Nonmetallic (Fiberglass, Polycarbonate, PVC, Polyester)

Electric Enclosure Market, by Mounting Type

• Wall-mounted enclosure
• Floor-mounted/Free-standing enclosure
• Underground

Electric Enclosure Market, by Form Factor

• Small enclosure
• Compact enclosure
• Free-size enclosure

Electric Enclosure Market, by Industry Vertical

• Power generation & distribution
• Oil & gas
• Metals & mining
• Medical
• Pulp & paper
• Food & beverages
• Transportation
• Others

Electric enclosure Market, by Geography

• APAC
• North America
• Europe
• RoW

“The market for underground electric enclosures is expected to grow at the highest CAGR between 2018 and 2023”

Among mounting type, the underground type of electric enclosures is expected to grow at the highest CAGR during the forecast period. This will be owing to their low maintenance cost and increased adoption in power transmission segment in underground cabling of electricity lines.

“APAC expected to lead the electric enclosure market between 2018 and 2023”

APAC is expected to hold the largest size of the electric enclosure market during the forecast period. Key factor driving the electric enclosure market in APAC is the growing demand for energy & power from both residential and commercial sectors.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and AZZ (US) are the major industry players in the electric enclosure market.

About MarketsandMarkets™

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 5000 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, "RT" 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Electric Enclosure Market | power generation & distribution industry is expected to account for the largest size

The electric enclosure market is expected to grow from USD 6.15 Billion in 2018 to USD 7.91 Billion by 2023, at a CAGR of 6.27%. Key factors driving the growth of the market are the demand for Industrial Internet of things (IIoT) enabled enclosures, the growing demand for hygienic enclosures in food & beverages industry, and the adoption of intelligent transport systems (ITS) in the transportation vertical. Key industry players adopt organic and inorganic growth strategies such as product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships to drive the growth of the market.

Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6953934

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.

“The market for underground electric enclosures is expected to grow at the highest CAGR between 2018 and 2023”

Among mounting type, the underground type of electric enclosures is expected to grow at the highest CAGR during the forecast period. This will be owing to their low maintenance cost and increased adoption in power transmission segment in underground cabling of electricity lines.

“APAC expected to lead the electric enclosure market between 2018 and 2023”

APAC is expected to hold the largest size of the electric enclosure market during the forecast period. Key factor driving the electric enclosure market in APAC is the growing demand for energy & power from both residential and commercial sectors.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and AZZ (US) are the major industry players in the electric enclosure market.

About MarketsandMarkets™

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 5000 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, "RT" 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062

The power generation & distribution industry is expected to lead the electric enclosure market

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 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 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:-

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6953934

“The power generation & distribution industry is expected to lead the electric enclosure market between 2017 and 2023”

Among various applications, the power generation & distribution industry is expected to account for the largest size of the overall electric enclosure market between 2017 and 2023. Electric enclosures are used to protect critical equipment and circuitry in the power generation & distribution industry. These enclosures should be able to withstand harsh environmental conditions. Electric enclosures enhance the safety of end users and electronic/electric equipment, even in energy-generation stations. Similarly, in power transmission & distribution, electric enclosures are used to keep the circuitry safe from external damage. APAC will lead the demand for electric enclosures in the power generation & distribution segment during the forecast period.

“APAC expected to lead the electric enclosure market between 2018 and 2023”

APAC is expected to hold the largest size of the electric enclosure market during the forecast period. Key factor driving the electric enclosure market in APAC is the growing demand for energy & power from both residential and commercial sectors.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and AZZ (US) are the major industry players in the electric enclosure market.

About MarketsandMarkets™

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 5000 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, "RT" 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.

Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

power generation & distribution industry is expected to lead the electric enclosure market by 2023

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 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 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:-

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6953934

"The power generation & distribution industry is expected to lead the electric enclosure market between 2017 and 2023”

Among various applications, the power generation & distribution industry is expected to account for the largest size of the overall electric enclosure market between 2017 and 2023. Electric enclosures are used to protect critical equipment and circuitry in the power generation & distribution industry. These enclosures should be able to withstand harsh environmental conditions. Electric enclosures enhance the safety of end users and electronic/electric equipment, even in energy-generation stations. Similarly, in power transmission & distribution, electric enclosures are used to keep the circuitry safe from external damage. APAC will lead the demand for electric enclosures in the power generation & distribution segment during the forecast period.

“APAC expected to lead the electric enclosure market between 2018 and 2023”



APAC is expected to hold the largest size of the electric enclosure market during the forecast period. Key factor driving the electric enclosure market in APAC is the growing demand for energy & power from both residential and commercial sectors.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and AZZ (US) are the major industry players in the electric enclosure market.

About MarketsandMarkets™

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 5000 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, "RT" 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.

Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Electric Enclosure Market: The market for underground electric enclosures is expected to grow at the highest CAGR by 2023

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:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6953934

“The market for underground electric enclosures is expected to grow at the highest CAGR between 2018 and 2023”

Among mounting type, the underground type of electric enclosures is expected to grow at the highest CAGR during the forecast period. This will be owing to their low maintenance cost and increased adoption in power transmission segment in underground cabling of electricity lines.

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.

“APAC expected to lead the electric enclosure market between 2018 and 2023”

APAC is expected to hold the largest size of the electric enclosure market during the forecast period. Key factor driving the electric enclosure market in APAC is the growing demand for energy & power from both residential and commercial sectors.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and AZZ (US) are the major industry players in the electric enclosure market.

About MarketsandMarkets™

 

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 5000 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, "RT" 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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Electric Enclosure Market by Mounting Type, Form Factor, Material, Industry Verticaand Geography - Global Forecast to 2023

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.

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.

APAC is expected to hold the largest size of the electric enclosure market during the forecast period. Major factors driving the market in APAC are the increased investment in the power generation & distribution sector in China and India. An addition of vast rail and road network will also be a major boost for the electric enclosure market in the region.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), Hammond (Canada), ABB (Switzerland), Hubbell (US), and Fibox (Finland) are the major players operating in the electric enclosure market.

About MarketsandMarkets™

 

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 5000 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, "RT" 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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Electric Enclosure Market world wide growth and trends by 2023

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.

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.

Request for Sample Pages:-
https://www.marketsandmarkets.com/requestsampleNew.asp?id=6953934

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.

About MarketsandMarkets™

 

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 5000 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, "RT" 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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Electric Enclosure Market by Mounting Type, Form Factor, Material, Industry Vertical and Geography - Global Forecast to 2023

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.

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.

Request For Sample Pages:-
https://www.marketsandmarkets.com/requestsampleNew.asp?id=6953934

 

Scope of the Report:

This research report categorizes the overall electric enclosure market on the basis of mounting type, form factor, material type, industry vertical, and geography.

Electric Enclosure Market, by Material Type

• Metallic (Aluminum, Stainless steel, mild steel, others)
• Nonmetallic (Fiberglass, Polycarbonate, PVC, Polyester)

Electric Enclosure Market, by Mounting Type

• Wall-mounted enclosure
• Floor-mounted/Free-standing enclosure
• Underground

Electric Enclosure Market, by Form Factor

• Small enclosure
• Compact enclosure
• Free-size enclosure

Electric Enclosure Market, by Industry Vertical

• Power generation & distribution
• Oil & gas
• Metals & mining
• Medical
• Pulp & paper
• Food & beverages
• Transportation
• Others

Electric enclosure Market, by Geography

• APAC
• North America
• Europe
• RoW

“APAC expected to lead the electric enclosure market between 2018 and 2023”

APAC is expected to hold the largest size of the electric enclosure market during the forecast period. Key factor driving the electric enclosure market in APAC is the growing demand for energy & power from both residential and commercial sectors.

About MarketsandMarkets™

 

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 5000 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, "RT" 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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Electric Enclosure Market : Expected To Observe Major Growth By 2023

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.

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.

About MarketsandMarkets™

 

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 5000 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, "RT" 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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Rittal (Germany) and Schneider (France) are the Key Players in the Electric Enclosure Market

The electric enclosure market is expected to be valued at USD 7.91 Billion by 2023, growing at a CAGR of 6.27% during the forecast period. Factors that will be driving this market include the increasing demand for enclosures from renewable energy sector, stringent safety and process regulations which is forcing users to look for enclosures that are compliant to regulations, and increased focus on connected cities in developing regions.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and Hubbell (US) are major industry players in the electric enclosure market. Product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships are some of the key strategies adopted by major players to gain a competitive edge in this market.   

Rittal (Germany) operates through three segments: product, software, and system consulting. In the product segment, the company offers enclosures and climate control, power distribution, and IT infrastructure-related products. In the enclosures category, the company provides small enclosures, compact enclosures, enclosure systems, IT enclosure systems, IT enclosures, console systems, console PCs, enclosure systems for industrial workstations, operating housings, support arm systems, stand systems, hygienic design, stainless steel, special applications, and outdoor enclosures. The company caters to industries such as IT, manufacturing and process, power and energy, and others. Rittal operates 11 production units in Germany, the US, China, India, Italy, and the UK. In June 2017, Rittal introduced climate control technology for its enclosures with water cooling feature. These hygienic design air/water heat exchangers are ideal for the food & beverage industry. 

Schneider (France) operates through four segments: buildings & partner, industry, infrastructure, and IT business. In the buildings & partner segment, the company provides electrical enclosures under the category of electrical distribution products and solutions. The product line is named as Universal Enclosures, which has been subsegmented into steel-mounted enclosures, steel-floor standing enclosures, stainless-steel enclosures, insulating enclosures, thermal management systems, and accessories. 

The company also provides product & service support to energy & power, oil & gas, transportation, weather intelligence, information technology, security system, process & machine management, food & beverages, automotive, and water processing applications. Schneider has more than 50 years of experience in manufacturing multipurpose enclosures, thermal management solutions, and electrical control systems for electrical distribution and telecom industries. In January 2017, Schneider acquired renewable choice energy which offers businesses with consulting services and solutions that promote the use of clean energy.  

Other major companies operating in the electric enclosure market are AZZ (US), Fibox (Finland), Eldon (Spain), Socomec (France), Leviton Manufacturing (US), Adalet (US), and Saginaw Controls and Engineering (US).

Speak To Analyst:-
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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.

About MarketsandMarkets™

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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Electric Enclosure Market by Mounting Type, Form Factor, Material, Industry Vertical and Geography - Global Forecast to 2023

[156 Pages Report] 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:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6953934
 

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.

APAC is expected to hold the largest size of the electric enclosure market during the forecast period. Major factors driving the market in APAC are the increased investment in the power generation & distribution sector in China and India. An addition of vast rail and road network will also be a major boost for the electric enclosure market in the region.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), Hammond (Canada), ABB (Switzerland), Hubbell (US), and Fibox (Finland) are the major players operating in the electric enclosure market.

About MarketsandMarkets™

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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Increasing Demand for Enclosures in the Renewable Energy Sector boosting the growth of Electric Enclosure Market

The electric enclosure market is expected to grow from USD 6.15 Billion in 2018 to USD 7.91 Billion by 2023, at a CAGR of 6.27%. Key factors driving the growth of the electric enclosure market are the demand for Industrial Internet of things (IIoT) enabled enclosures, the growing demand for hygienic enclosures in food & beverages industry, and the adoption of intelligent transport systems (ITS) in the transportation vertical. Key industry players adopt organic and inorganic growth strategies such as product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships to drive the growth of the market.

• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=6953934

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.

“APAC expected to lead the electric enclosure market between 2018 and 2023”

APAC is expected to hold the largest size of the electric enclosure market during the forecast period. Key factor driving the electric enclosure market in APAC is the growing demand for energy & power from both residential and commercial sectors.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and AZZ (US) are the major industry players in the electric enclosure market.

About MarketsandMarkets™

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 5000 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, "RT" 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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441 

Electric Enclosure Market by Mounting Type, Form Factor worth 7.91 Billion USD by 2023

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:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=6953934
 

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:
https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=6953934

About MarketsandMarkets™

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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Electric Enclosure Market worth 7.91 Billion USD by 2023 | The power generation & distribution industry is expected to lead

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:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=6953934

“The power generation & distribution industry is expected to lead the electric enclosure market between 2017 and 2023”

Among various applications, the power generation & distribution industry is expected to account for the largest size of the overall electric enclosure market between 2017 and 2023. Electric enclosures are used to protect critical equipment and circuitry in the power generation & distribution industry. These enclosures should be able to withstand harsh environmental conditions. Electric enclosures enhance the safety of end users and electronic/electric equipment, even in energy-generation stations. Similarly, in power transmission & distribution, electric enclosures are used to keep the circuitry safe from external damage. APAC will lead the demand for electric enclosures in the power generation & distribution segment during the forecast period.

“The market for underground electric enclosures is expected to grow at the highest CAGR between 2018 and 2023”

Among mounting type, the underground type of electric enclosures is expected to grow at the highest CAGR during the forecast period. This will be owing to their low maintenance cost and increased adoption in power transmission segment in underground cabling of electricity lines.

“APAC expected to lead the electric enclosure market between 2018 and 2023”

APAC is expected to hold the largest size of the electric enclosure market during the forecast period. Key factor driving the electric enclosure market in APAC is the growing demand for energy & power from both residential and commercial sectors.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and AZZ (US) are the major industry players in the electric enclosure market.

Inquiry Before Buying:-
https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=6953934

About MarketsandMarkets™

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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Rittal (Germany) and Schneider (France) are the Key Players in the Electric Enclosure Market

The electric enclosure market is expected to be valued at USD 7.91 Billion by 2023, growing at a CAGR of 6.27% during the forecast period. Factors that will be driving this market include the increasing demand for enclosures from renewable energy sector, stringent safety and process regulations which is forcing users to look for enclosures that are compliant to regulations, and increased focus on connected cities in developing regions.

• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=6953934

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and Hubbell (US) are major industry players in the electric enclosure market. Product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships are some of the key strategies adopted by major players to gain a competitive edge in this market.  

Rittal (Germany) operates through three segments: product, software, and system consulting. In the product segment, the company offers enclosures and climate control, power distribution, and IT infrastructure-related products. In the enclosures category, the company provides small enclosures, compact enclosures, enclosure systems, IT enclosure systems, IT enclosures, console systems, console PCs, enclosure systems for industrial workstations, operating housings, support arm systems, stand systems, hygienic design, stainless steel, special applications, and outdoor enclosures. 

The company caters to industries such as IT, manufacturing and process, power and energy, and others. Rittal operates 11 production units in Germany, the US, China, India, Italy, and the UK. In June 2017, Rittal introduced climate control technology for its enclosures with water cooling feature. These hygienic design air/water heat exchangers are ideal for the food & beverage industry.

Schneider (France) operates through four segments: buildings & partner, industry, infrastructure, and IT business. In the buildings & partner segment, the company provides electrical enclosures under the category of electrical distribution products and solutions. The product line is named as Universal Enclosures, which has been subsegmented into steel-mounted enclosures, steel-floor standing enclosures, stainless-steel enclosures, insulating enclosures, thermal management systems, and accessories. The company also provides product & service support to energy & power, oil & gas, transportation, weather intelligence, information technology, security system, process & machine management, food & beverages, automotive, and water processing applications. Schneider has more than 50 years of experience in manufacturing multipurpose enclosures, thermal management solutions, and electrical control systems for electrical distribution and telecom industries. In January 2017, Schneider acquired renewable choice energy which offers businesses with consulting services and solutions that promote the use of clean energy.  

Other major companies operating in the electric enclosure market are AZZ (US), Fibox (Finland), Eldon (Spain), Socomec (France), Leviton Manufacturing (US), Adalet (US), and Saginaw Controls and Engineering (US).

• Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=6953934

About MarketsandMarkets™

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 5000 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, "RT" 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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441