The Global Electrical Enclosure market is valued at $4.77 billion in 2014 and is expected to reach $6.87 billion by 2022 growing at a CAGR of 6.03%. The electrical enclosure market is expected to show moderate growth over the forecast period. The Primary factors driving the electrical enclosure market are attractive industrial automation, home automation segments and industrial safety regulations. Huge investments in renewable energy projects by various governments and heavy demand for process automation in food & beverage sector are the opportunities involved for the market growth. The high price of enclosures and highly fragmented market are the major restraints for the market growth.
The favorable investments in renewable energy projects by various countries such as U.S. and U.K, rising demand from food & beverage segment are fuelling the market growth. The smart home equipment penetration is expected to boost the demand for electrical enclosure market. Europe and North America are having stringent rules and these markets are consolidated, whereas the Asia Pacific electrical enclosure market is expected to register a significant CAGR during the forecast period. Stringent government regulations against emmission, increasing automotive production, changing consumer preferences, are some of the factors which are influencing the market growth in Asia Pacific region. Asia Pacific market is likely to mount as a good quality product production destination and is expected to produce eco-friendly electrical enclosures.
Browse All Reports of This Category at:
Global Electrical Enclosure market is segmented by form factor, by product type, by material, by verticals and by geography. Based on form factor, electrical enclosure market is further segmented into small, compact and free-size. Based on product type, electrical enclosure market is segmented into flame/explosion-proof, dust-tight, drip-tight and hazardous environment. Based on materials, electrical enclosure market is segmented into metallic and non-metallic. Based on verticals, electrical enclosure market is segmented into energy & power, food & beverages, commercial & industrial and transportation. Electrical Enclosure market by geography is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Blog URL: http://www.mobilecomputingtoday.co.uk/
The Key players in the market include, General Electric, Emerson Electric Company, Eaton Corporation, Rittal GmbH & Co. KG, ABB Ltd., Legrand, Siemens AG, Adalet Inc and Schneider Electric SE.
What our report offers:
• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements
About Acute Market Reports
Acute Market Reports is the most sufficient collection of market intelligence services online. Acute Market Reports provide online reports from over 100 best publishers and upgrade Acute Market Reports collection regularly to offer direct online access to the world’s most comprehensive and recent database with expert perceptions on worldwide industries, products, establishments and trends. Acute Market Reports database consists of 200,000+ market research reports with detailed & minute market research.
For More Information, Visit Acute Market Reports
Company Name: Acute Market Reports
Contact Person: Chris Paul
Email: Send Email
Phone: India: +91 7755981103, Toll Free US/Canada: +1-855-455-8662
Address:Office No 01, 1st Floor, Aditi Mall, Baner