Nov, 01 2023

Increased Consumption of Electricity, Stringent Regulations Imposed by Government are the factors Expected to Drive Europe Electric Enclosure Market in the forecast period of 2019 to 2026

Europe Electric Enclosure Market is projected to register a substantial CAGR in the forecast period of 2019 to 2026.

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Drivers: Europe Electric Enclosure Market

Increased consumption of electricity

Growing demand of electricity from renewable source

Stringent regulations imposed by government

Restraint:

Lack of 100% safety in enclosures

Opportunities:

Demand of enclosures for IoT systems or IoT enclosures

Rapidly increasing investments in emerging markets

Challenge:

Fluctuating price of raw materials

Market Trends:

Europe electric enclosure market is segmented into seven notable segments which are material, mounting type, usage, application, design, form factor and vertical.

On the basis of material, the market is segmented into metallic enclosures and non-metallic enclosures. The non-metallic segment is is projected to hold the largest share of the Europe electric enclosure market.

On the basis of mounting type, the market is segmented into wall mounted enclosures, free standing enclosure and underground electric enclosure

On the basis of usage, the market is segmented into indoor and outdoor

On the basis of application, the market is segmented into dust tight, hazardous equipment, drip tight, flame/explosion and others

On the basis of design, the market is segmented into standard and custom

On the basis of form factor, the market is segmented into compact electric enclosures, free size electric enclosures and small enclosures

On the basis of vertical, the market is segmented into power generation and distribution, oil and gas, medical, food and beverage, metals and mining, transportation, pulp and paper and others

Major Players: Europe Electric Enclosure Market

Some of the major players operating in this market Rittal Gmbh & CO. KG., Schneider Electric, ABB Ltd, Emerson Electric Co., Pentair plc., Azz Incorporated, Legrand Sa, Hubbell Incorporated, Socomec Group Sa, Hammond Manufacturing Ltd, Fibox, Saginaw Control And Engineering, Adalet ltd., Eldon Holding Limited, Ensto, Gewiss S.p.A., Phoenix Mecano AG, Omega Engineering Inc., Allied Moulded Products Ltd, Klassen Custom Fabrication Ltd. and others.

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Product Launch (Blog)

Increased Consumption of Electricity, Stringent Regulations Imposed by Government are the factors Expected to Drive Europe Electric Enclosure Market in the forecast period of 2019 to 2026

Drivers: Europe Electric Enclosure Market