Press release
Solar Battery Enclosures Market Growing Demand, Future Trends, Competitive Regions and Forecast 2021 to 2027 - Rittal GmbH & Co. KG, Sungrow Power
Market Intelligence Data has released a new report on the global Solar Battery Enclosures market. The document gives a complete evaluation of the market. It understands market development through in-depth insights, tracking historical developments and analysing current scenarios and future forecasts based on optimistic and possible situations. The report provides detailed statistics on the Solar Battery Enclosures market industry and its framework.The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: Rittal GmbH & Co. KG, Sungrow Power, Rainbow Power Company Ltd, Orga, Blue Pacific Solar Products, Solar Electric Supply, KDM Steel, Sunwize Power_Battery, Wholesale Solar, Radiant Solar Technology, EcoDirect, MidNite Solar, Tro Pacific
The Global Solar Battery Enclosures Market Size is Projected to Reach at a CAGR of 15.55% during 2021-2027.
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Market Overview
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.
Covid-19 Impact and Recovery Analysis:
The number one goal of this Solar Battery Enclosures Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Solar Battery Enclosures market document.
Solar Battery Enclosures market Segmentation By Type:
Photovoltaic Power Station
Transportation Field
Communication Field
Aerospace & Defense Field
Meteorological Field
Other
Solar Battery Enclosures market Segmentation By Application:
Cabinet Style Battery Enclosures
Pole Mounted Battery Enclosures
Rack Type Battery Enclosures
Other
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.
Regional Analysis:
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.
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Competitive Landscape
The electronic enclosure market is fragmented. Industry 4.0, along with the increasing energy consumption in different regions provides opportunities in the electronic enclosures market. The competitive rivalry among existing competitors is high. Moving forward, the innovation strategies of large companies are driving the electronic enclosures market.
May 2018 - JSC Rusatom Automated Control Systems and Schneider Electric signed a Memorandum of Understanding and Cooperation aimed at further cooperation for high safety and reliability, cost-efficiency, as well as better competitiveness of electrical equipment for NPP power units and electric power grid.
February 2018 - Rittal North America LLC introduces the SE 8 line of stand-alone enclosures which provides strength and durability and 30% more useable internal space than comparable unibody designs. SE 8 features multiple interchangeable accessories, including all TS 8 interior system accessories, plus cable entry options, swing frames, chassis, rails and partial panels, lighting and grounding systems, plinth, cable base and flex block.
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Significant Features and Key Highlights of the Reports:
– Detailed overview of Solar Battery Enclosures Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Solar Battery Enclosures Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The report gives answers to the following:
What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the Solar Battery Enclosures industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
What could be the anticipated value of the Solar Battery Enclosures marketplace in the during the forecast period?
Impact of COVID-19:
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the Solar Battery Enclosures market report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Customization: -
The Global Solar Battery Enclosures Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide up to 20% customization for any of our Market Intelligence Data reports at no additional cost to all of our Users.
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Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
About Us:
Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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