Electrical Enclosure Market: Global Industry Analysis and Opportunity Assessment 2015-2025
The global electrical enclosure market by value is expected to expand at a compound annual growth rate of around 5-7% from 2015 to 2025, forecasts a new report by Future Market Insights. The report attributes expansion to growth in the electrical and electronics hardware industry, stringent government safety rules, and increasing consumer awareness of safety.
Electrical enclosures protect users from electric shock and electrical or electronic components from the environment. Electrical enclosure manufacturers concentrate on safety as well as attractiveness. The electrical enclosure can be used to mount switches, displays and knobs.
Metals, plastics, stainless steel, carbon steel and aluminum are used to manufacture the electrical enclosure. A standard electrical enclosure can be used for mass-produced equipment; acustomized enclosure, for low production equipment.
Electrical enclosures are also used to protect such electrical equipment as transmitters, power distribution systems, power generators, etc.
Drivers and challenges
In future, industrial automation is expected to increase, which is forecast to fuel the demand for electrical enclosure. Globally, governments of many countries such as theUnited States and the U.K. have implemented stringent regulations regarding safety; this is driving growth in the electrical enclosure market. A growing investment in renewable energy projects by various countries and increasing demand from the food & beverage industry are fueling the growth for the global electrical enclosure market. The penetration of smart home equipment is also expected to propel the demand for electrical enclosure.
Decrease in the demand for metallic enclosures is acting as an inhibitor to the global electrical enclosure market.
Segmentation
The global electrical enclosure market can be segmented by product size, by end-use industry, by material and by regions. Based on product size, the global electrical enclosure market is segmented as:
• Small
• Compact
• Free Size
Based on end-use industry, the global electrical enclosure market is segmented as:
• food& beverages
• commercial
• energy& power
• others
Based on material type, the global electrical enclosure market is segmented as:
• metallic
• non-metallic
Outlook by region
The global electrical enclosure market is expected to register a single-digit compound annual growth rate for the forecast period. The global electrical enclosure market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East and Africa. In terms of market revenue, the Asia Pacific electrical enclosure market is projected to register a significant compound annual growth rate during the forecast period. Growing automotive production, stringent government emission norms, and changing consumer preferences are some of the factors fueling the growth of electrical enclosure in Asia Pacific. While Western Europe and North America face stringent rules and are consolidated markets, Asia Pacific and Latin America are unorganized markets. In future, the Asia Pacific market is expected to rise as a good quality product production destination. The region is expected to produce environmentally friendly electrical enclosures.
Key players
Some of the key market participants in global electrical enclosure market are Eaton Corporation, AdaletInc, Emerson Network Power, Schneider Electric, General Electric, Siemens AG, ABB, etc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments by geographies, by product size, end-use industry and by material type.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Find out more: http://www.futuremarketinsights.com/reports/electrical-enclosure-market.
