Press Release

Electrical Enclosures Market Research by Industry Size 2019| Growth Analysis with CAGR Status, Top Key Players, Industry Size and Forecast to 2024 – Industry Research.co

Electrical

The “Electrical Enclosures Market” Research Report provides internal and external data and expert surveys in the Electrical Enclosures industry. This report has commitments to market factors, Electrical Enclosures market drivers, constraints, difficulties, patterns and market factors for which disclosure is broadly described. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research.

Electrical Enclosures Market Report Also Covers Marketing Strategy Analysis, Top Manufacturers:

  • Schneider Electric SE
  • Legrand SA
  • Hubbell Inc.
  • Emerson Electric Co.
  • ABB Ltd
  • Eaton Corporation
  • Eldon Holding AB
  • AZZ Inc.
  • Austin Electrical Enclosures
  • Siemens AG
  • Pentair PLC
  • Rittal GmbH & Co. Kg.
  • Adalet (Scott Fetzer Company)

    Get a Sample Copy of the Report – https://www.industryresearch.co/enquiry/request-sample/14245171

    Market Overview:

  • The electrical enclosures market was valued at USD 5.34 billion in 2018, and is expected to reach USD 8.74 billion by 2024, at a CAGR of 8.57% over the forecast period (2019 – 2024). Owing to the increasing power and industrial infrastructure, the need for protection of the workplace and workforce is also increasing, which has led to the adoption of safety standards for equipment in the industries. This has made electrical enclosures a crucial element in industrial and residential applications.
  • – Global energy consumption continues to grow at about 1.9% annually, according to the Precision Metal Industries, as demand for electricity is increasing, as the trend for an ever-connected world accelerates.
  • – Power generated from solar and wind sources use sensitive electrical components and batteries that if exposed to the elements cause system failure. Therefore, the energy generation sector is significantly using electrical enclosures for safety purposes.
  • – The acceptance of industrial and factory automation allows the entry of more mechanical, electromechanical, and solid-state devices, components, and controls that need to be enclosed for safety and aesthetic purposes, thereby driving the market growth. As a result of this, the governments of many countries have implemented stringent regulations regarding safety globally, and this parameter is significantly driving the growth of the electrical enclosures market.

    Scope of the Report:

  • An electrical enclosure is a cabinet for electrical or electronic equipment to mount switches, knobs, and displays and to prevent electrical shock to equipment users and protect the contents from the environment. Electrical enclosures are made up of two types of material, namely metallic and non-metallic. The electrical enclosures are being used in energy and power, industrial, process industries, transportation, infrastructure, and telecommunication industries.

    Key questions answered in the report include:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Electrical Enclosures market?
    • What are the key market trends impacting the growth of the global Electrical Enclosures market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Electrical Enclosures market?
    • What are the market opportunities and threats faced by the vendors in the global Electrical Enclosures market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Electrical Enclosures market?

    Enquire Before Purchasing this Report – https://www.industryresearch.co/enquiry/pre-order-enquiry/14245171

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Electrical Enclosures Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Electrical Enclosures .

    Key Market Trends:

    Energy and Power End-User Industry to Hold a Significant Share

    – Environmental issues related to fossil fuels and nuclear energy are prompting a rise in alternative energy sources, such as solar and wind energy. Solar and wind energy are considered as safe, pollution-free renewable energy. Countries around the world are embracing this technology.
    – Power generated from solar and wind sources use sensitive electrical components and batteries that if exposed to the elements cause system failure. Therefore, the energy generation sector is significantly using electrical enclosures for safety purposes.
    – Wind and solar energy equipment require capabilities that include seismic protection, EMC shielding, electronics cooling, security, resistance to corrosion, and integration of power conversion and multi-component systems, which is achieved by the use of electrical enclosures.
    – As the electrical enclosures are deployed in protecting the electrical and electronic components and systems of solar, wind, and electrical power plants, government regulations are also supporting the adoption of renewable energy sources, in turn, boosting the demand for electrical enclosures.

    North America to Account for a Major Share

    – The growing industrial automation and smart home integration are expected to drive the electrical enclosures market significantly in this region, particularly due to the United States being an early adopter of industrial automation.
    – About 63% of this electricity generation was from fossil fuels, a decline by 2% from 65% in 2018. About 20% of the energy from fossil fuels was from nuclear energy and about 17% was from renewable energy sources. The US Energy Information Administration estimates that an additional 30 billion kWh of electricity generation was from small-scale solar photovoltaic systems in 2018. The regulating bodies in the region have been the prime players in stimulating the electrical enclosures demand.
    – There is a significant penetration of smart homes in North America owing to the growing security concerns and awareness in energy conservation. The technological advancements in smart devices and the adoption of those devices into many households are expected to act as opportunities for the electrical enclosures market, owing to the consumer behavior of having a clean environment.
    – The increasing establishments of such plants and the stringent rules associated with them are expected to drive the electronic enclosures market exponentially in the North American region.

    Purchase this Report (Price 4250 USD for single-user license) – https://www.industryresearch.co/purchase/14245171

    Detailed TOC of Electrical Enclosures Market Report 2019-2024:

    1 INTRODUCTION

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET INSIGHTS
    4.1 Market Overview
    4.2 Industry Attractiveness – Porter’s Five Forces Analysis
    4.2.1 Bargaining Power of Suppliers
    4.2.2 Bargaining Power of Consumers
    4.2.3 Threat of New Entrants
    4.2.4 Threat of Substitute Products
    4.2.5 Competitive Rivalry within the Industry

    5 MARKET DYNAMICS
    5.1 INTRODUCTION to Market Dynamics
    5.2 Market Drivers
    5.2.1 Growing Power Infrastructure Developments
    5.2.2 Rising Adoption of Industrial Automation
    5.3 Market Restraints
    5.3.1 Quality and Safety Concerns

    6 MARKET SEGMENTATION
    6.1 By Material
    6.1.1 Metallic
    6.1.2 Non-metallic
    6.2 By End-user Industry
    6.2.1 Energy and Power
    6.2.2 Industrial (Automotive and Manufacturing)
    6.2.3 Process Industries
    6.2.4 Other End-user Industries (Transportation, Infrastructure, and Telecommunication)
    6.3 Geography
    6.3.1 North America
    6.3.2 Europe
    6.3.3 Asia-Pacific
    6.3.4 Latin America
    6.3.5 Middle East & Africa

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 Schneider Electric SE
    7.1.2 Legrand SA
    7.1.3 Hubbell Inc.
    7.1.4 Emerson Electric Co.
    7.1.5 ABB Ltd
    7.1.6 Eaton Corporation
    7.1.7 Eldon Holding AB
    7.1.8 AZZ Inc.
    7.1.9 Austin Electrical Enclosures
    7.1.10 Siemens AG
    7.1.11 Pentair PLC
    7.1.12 Rittal GmbH & Co. Kg.
    7.1.13 Adalet (Scott Fetzer Company)

    8 INVESTMENT ANALYSIS

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

    Contact Us:

    Name: Ajay More

    Phone: US +14242530807/ UK +44 20 3239 8187

    Email: [email protected]

    Our Other Reports:

    Cell Phone Accessories Market 2019 Global Share, Growth, Size, Opportunities, Trends, Regional Overview, Leading Company Analysis, And Key Country Forecast to 2025

    X-ray Detector Market 2019 Analysis Manufacturing Cost Structure, Industry Chain Structure, Raw Material and Suppliers Opportunities & Future Potential 2023 | Industry Research

    Osteoarthritis Treatment Market 2019 Global Industry Trends, Size, Segments, Competitors Strategy, Regional Analysis, Review, Key Players Profile, Statistics and Growth to 2024 Analysis