Global Electric Enclosure Market and Investment Breakdown, Insights, Scope, Forecast By 2024
Electrical enclosure is used to protect the electrical equipment such as power generators, transmitters, power distributers and other electrical equipment. Electrical enclosure includes two types' metallic and nonmetallic. Equipment such as power generation, transmitters and power distribution uses enclosure as a cabinet to mount switches, display and knobs and to prevent electric shock to users and protect the equipment various environmental changes. The enclosure will not be created for utilitarian requirements but also to please the eye of the consumer.
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The global Electric Enclosure industry is relatively fragmented, with the market share of top 10 Electric Enclosure producers around 58.30 % in 2016. Rittal is the global largest vendors accounted for 13.16 % of the industry revenue share in 2016. Key market players include Pentair, Fibox Enclosures, Hubbel, Eldon, ENSTO, Schneider, Eaton, ABB, Emerson, Adalet, Nitto Kogyo, GE, Siemens, Legrand, BOXCO, SRBox, Allied Moulded Products, ITS Enclosures, Bison ProFab among others.
According to this study, over the next five years the Electric Enclosure market will register a 3.9% CAGR in terms of revenue, the global market size will reach US$ 6450 million by 2024, from US$ 5140 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Electric Enclosure business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Enclosure market by product type, application, key manufacturers and key regions and countries.
This study considers the Electric Enclosure value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Commercial & Industrial
Energy & Power
Food & Beverage
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Allied Moulded Products
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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To study and analyze the global Electric Enclosure consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Electric Enclosure market by identifying its various subsegments.
Focuses on the key global Electric Enclosure manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electric Enclosure with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electric Enclosure submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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