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Electrical Enclosures Market 2019: Comprehensive Analysis by Top Key Companies, Industry Growth, Size, Share, Market Insights, Sales Volume and Forecast to 2024

Electrical

The “Electrical Enclosures Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Electrical Enclosures industry. The information available in the Electrical Enclosures market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Electrical Enclosures market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Electrical Enclosures Market:

  • 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)

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    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.

    Reasons for Buying Electrical Enclosures Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    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.

    Electrical Enclosures Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    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

     

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