Electric Enclosure Market was valued at US$ 46.62 Bn. in 2021 and is forecasted to grow at a value of US $ 90 Bn. in 2029. The Global Electric Enclosure Market size is estimated to grow at a CAGR of 8.57% over the forecast period.
Electric Enclosure Market Overview:
The “Global Electric Enclosure Market ” is an in-depth look at the Electric Enclosure Market, with a focus on global market trends and analysis. This study seeks to provide an overview of the Electric Enclosure Market industry as well as detailed market segmentation by segment and geography. The Electric Enclosure Market is expected to expand rapidly over the forecast period. The research contains critical information on the market positions of the top Electric Enclosure Market firms, as well as significant industry trends and opportunities.
Market Scope :
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Segmentation of Electric Enclosure Market :
by Material Type
• Metallic
• Non-metallic
The Global Electric Enclosure Market is divided into Metallic and Non-Metallic segments based on Material Type. In 2021, the non-metallic sector accounted for more than 50% of the market. The non-metallic is useful in a variety of situations since it doesn’t require much energy to insert the boxes, they’re light, and—most importantly—they’re quite inexpensive.
by Mounting type
• Wall-mounted
• Floor mounted
• Under ground mounted
The Global Electric Enclosure Market is divided into Wall mounted, Floor mounted, and Under mounted segments based on mounting type. Through the projection period, the wall mounting category is anticipated to develop significantly at a CAGR of 7.92%. For smaller electronic components that need strong installation, such as house switches, circuit boards, and other electrical components, wall mounting is offered as NEMA type 4 or 12 protection. Depending on a weatherproof wall box with ingress protection ratings, this is perfect for both indoor and outdoor use.
by Industries vertical
• Power generation & distribution
• Oil & Gas
• Metal & Mining
• Medical
• Pulp & Paper
• Food & Beverages
• Transportation
• Others
The global electric enclosure market is divided into power generation and distribution, oil and gas, metal and mining, medical, pulp and paper, food and beverage, transportation, and others based on vertical industries.
According to EIA reports in the electric enclosure market, the energy and power verticals will consume 18% more energy and power in 2021 than all other industries combined. This is because these sectors are highly interconnected and reliant on their products to function. The next industry utilising these electric enclosures is the oil and gas refinery sector. For the extraction of oils and gases, these facilities need constant, dependable equipment, and the food and beverage sector is predicted to increase.
Table of content for the Electric Enclosure Market includes:
1.Global Electric Enclosure Market: Research Methodology
2.Global Electric Enclosure Market: Executive Summary
Market Overview and Definitions
oIntroduction to Global Electric Enclosure Market
Summary
oKey Findings
oRecommendations for Investors
oRecommendations for Market Leaders
oRecommendations for New Market Entry
3.Global Electric Enclosure Market: Competitive Analysis
MMR Competition Matrix
oMarket Structure by region
oCompetitive Benchmarking of Key Players
Consolidation in the Market
oM&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
oNorth America
oEurope
oAsia Pacific
oMiddle East and Africa
oSouth America
COVID-19 Impact
4.Global Electric Enclosure Market Segmentation
Global Electric Enclosure Market, by Material Type (2021-2029)
Global Electric Enclosure Market, by Mounting type (2021-2029)
Global Electric Enclosure Market, by Industries vertical (2021-2029)
5.Regional Electric Enclosure Market(2021-2029)
Regional Electric Enclosure Market, by Type (2021-2029)
Regional Electric Enclosure Market, by Product (2021-2029)
Regional Electric Enclosure Market, by Application (2021-2029)
Regional Electric Enclosure Market, by Country (2021-2029)
6.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Players of Electric Enclosure Market :
Primary and secondary research is used to discover industry titans, while primary and secondary research is utilized to assess market revenue. The core research included in-depth interviews with a variety of thought leaders and industry experts, including experienced front-line personnel, CEOs, and marketing specialists. Secondary research comprised an examination of well-known manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then cross-checked against primary data. The following are a few companies working in the Electric Enclosure Market industry.
- • Schneider Electric
• Legrand SA
• Hubbell Inc.
• Emerson Electric Co.
• ABB Ltd.
• Eaton Corporation
• Eldon Holding AB
• AZZ Inc.
• Austin Electrical enclosure
• Siemens AG
• Dentair PLC
• Rittal GmbH & CO.
• Adalet Company
Regional Analysis :
The Electric Enclosure Market research focuses into geographic analysis, which is further separated by sub-regions and nations. Profit projections and market share statistics for each country are included in this section of the research. This component of the study examines each region’s and country’s share and growth rate throughout the forecasted time period.
The report provides a thorough PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after considering political, economic, social, and technical issues effecting the Electric Enclosure Market in various sectors.
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COVID-19 Impact Analysis on Electric Enclosure Market :
Customer behaviour has changed as a result of the COVID-19 virus across all areas of society. Businesses, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19’s influence on the Electric Enclosure Market and will assist you in developing your business in accordance with the new industry norms.
Under the COVID-19 Impact section, the Electric Enclosure Market Report delivers a 360-degree research ranging from the agile supply chain and trade restrictions to regional government policies and the firm’s future impact. Primary market research (2021-2029), instances of venture rivalry, the benefits and drawbacks of large corporate channels, and industry growth trends (2021-2029) have all been provided.
Key Questions Answered in the Electric Enclosure Market Report are :
- How big is the market for Electric Enclosure Market ?
- Which regional market will emerge as the market leader in the next years?
- Which application category is expected to develop the fastest?
- What opportunities for growth could exist in the Electric Enclosure Market industry in the next years?
