UK Electric Enclosure Market 2023 Driving Factors Forecast Research 2029

UK electric enclosure market is estimated to grow at a CAGR of 4.7% during the forecast period. The growing food and beverage industry is regarded as one of the key contributors to the adoption of electric enclosures. In the UK, the food and drink manufacturing sector are the largest in the country. It represents 17% of all UK manufacturing gross value added (GVA) nearly ($37.5 billion) in terms of economic contribution. It includes more than 6,800 businesses and employs nearly 400,000 people. Enclosures for electrical and switchgear equipment are essential across the production and engineering sectors linked with food and beverage manufacturing firms. Owing to the design characteristics, these enclosures are commonly referred to as 'Hygienic Design' (HD) enclosures. HD products offer a solution to plant operators and mechanical engineers that eliminates the hazards of high-pressure applications.

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Some key players in the market include ABB Ltd., Pentair plc, Rittal GmbH & Co. KG, and nVent Electric plc. The strategies adopted by the market players to increase market share include mergers and acquisitions and partnerships and collaborations. For instance, in September 2019, nVent Electric plc declared the acquisition of Eldon Holding AB, a European-based enclosures business. nVent offers advanced solutions for protection, connection, and management of heat in and communication equipment, critical electronics, and control and power through its nVent SCHROFF and nVent HOFFMAN brands. The acquisition of Eldon complements the nVent enclosures business. nVent has been concentrated on reinforcing its digital capabilities to serve customers with a velocity which aligns very well with this strategy.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

UK Electric Enclosure Market-Segmentation
By Material
• Metallic
• Non-Metallic

By Vertical
• Energy and Utilities
• Industrial (Automotive and Manufacturing)
• IT and Telecommunication
• Process Industries
• Others

The Report Covers
• Comprehensive research methodology of the UK electric enclosure market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the UK electric enclosure market.
• Insights about market determinants which are stimulating the UK electric enclosure market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

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