Europe Electric Enclosure Market is expected to grow at substantial CAGR in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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Europe electric enclosure market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will have a prominent growth in upcoming years due to increased consumption of electricity. In additionally; growing demand of electricity from renewable source is another factor that influences the market growth in the coming future.
The market has witnessed developments in terms of merger and acquisitions, partnerships or product launches that expand the product portfolio for the customers. The company is focusing to meets the rising demand of innovative technology which helps the companies to sustain their position in the market. For instance in January 2019, Ensto introduced the new product line of industrial enclosures. The new range of rugged industrial enclosures named as Ensto PolyBox is improvements which will help the company to attract the potential customer.
ABB is dominating the Europe electric enclosure market. The other key players in the market are 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 many others.
ABB headquartered in Zurich, Switzerland which was founded on 1988. The company performs its business robotics and motion, electrification products, industrial automation, and power grids segments. The company has three business segments which are electrification products, industrial automation, robotics and motion in which industrial automation is the market focused segment. The company has approximately 147,000 employees as per December 31st, 2018.
The company has wide presences across the globe such as Europe, Americas, Middle East and Africa, Asia and Oceania. Subsidiaries of this company include ABB Australia Pty Limited, Moorebank, NSW (Australia), ABB Industrial Solutions (Belgium) BVBA, Gent (Belgium), ABB Canada Holding Limited Partnership, Saint-Laurent, Quebec (Canada), ABB (China) Ltd., Beijing (China), ABB Automation GmbH, Mannheim (Germany), ABB K.K., Tokyo (Japan), among others.
Schneider Electric headquartered in Paris, France which was founded in 1836. The company focuses on providing energy management and automation solutions in four businesses, low voltage, medium voltage, secure power, and industrial automation. The company has two business segments such as Energy Management (Low Voltage, Medium Voltage, Secure Power), Industrial Automation. The company has approximately 137,000 employees as per December 31st, 2018.
The company has wide presence across the globe such as Europe, Asia-Pacific, Middle East & Africa, Latin America, North America. The company also generates in revenue from its subsidiaries company which includes Invensys Systems NV/SA (Belgium), ABN Braun GmbH (Germany), Schneider Electric Industrie Italia Spa (Italy), Invensys Operations Management Espana S.L.U. (Spain), Schneider Electric Canada Inc. (Canada) among others.
Eaton has headquartered in Dublin, Ireland and was founded in 1911. The company mainly focused to provide the product and services for power management technologies required for the infrastructure and technology industries. The company performs its business through 4 business segments which are electrical products, electrical systems and services, vehicle, hydraulics, aerospace, eMobility. Electrical product is the market focused segment. The company has approximately 99,000 employees.
The company performs its business across the globe such as Europe, North America, South America, Middle East and Africa, Asia Pacific. The company also generates Illumination Management Solutions, Inc. (California), Eaton Energy Solutions, Inc. (Colorado), Bussmann International Inc. (Delaware), Azonix Corporation (Massachusetts), Eaton Aeroquip LLC (Ohio), Eaton Industries Pty. Ltd.(Australia), Aeroquip do Brasil Ltda.(Brazil), and many more.