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Electrical Enclosure Market worth $5,857.46 Million by 2020
According to a new market research report “Electrical Enclosure Market by Form Factor (Small, Compact, & Free-Size), Material (Metallic & Non-Metallic), Product Type, Industry Verticals (Energy & Power, Commercial & Industrial, Food & Beverages, & Others), & Geography - Global Forecast to 2020", the total electrical enclosures market was valued at $4,021.02 Million in 2014 and is expected to reach $5,857.46 Million by 2020, at a CAGR of 6.4% between 2015 and 2020.
Browse 77 market data tables and 81 figures spread through 179 pages and in-depth TOC on ďElectrical Enclosure Market - Global Forecast to 2020"
Early buyers will receive 10% customization on reports.
The electrical enclosures market is expected to show moderate growth in the next five years. The global expansion of energy T&D network, the trend of industrial automation, and industrial safety regulations are the primary factors contributing to the growth of this market. Factors such as huge investments in the renewable energy projects by the various governments, demand for highly hygienic enclosures to serve the process automation needs of the food & beverage sector, and increasing rate of adoption of smart home equipment are expected to propel the growth of the electrical enclosures market in the future.
The reportís detailed segmentation on the basis of form factor, material, product type, industry verticals, and geography covers the overall electrical enclosures market.
The objective of the research study is to analyze the market trends for each of the metallic as well as non-metallic enclosures, the growth rates of various enclosure types in different industry verticals, and their comparison with respect to different geographies.
Apart from the market segmentation, the report also covers the Porterís five force analysis, the marketís value chain with detailed process flow diagram, and market dynamics such as the drivers, restraints, and opportunities in the overall electrical enclosures market.
This report profiles the major companies involved in the electrical enclosures market including Rittal GmbH & Co. KG (Germany), Pentair Plc. (U.K.), Schneider Electric SE (France), Emerson Electric Company (U.S.), Legrand (France), Hubbell, Inc. (U.S.), Eaton Corporation (Ireland), Eldon Holding AB (Sweden), ABB Ltd (Switzerland), and AZZ Inc. (U.S.).
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