U.S. Electric Enclosure Market is expected to grow with the CAGR of 6.3% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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U.S. electric enclosure market is a highly fragmented market, which includes specific number of key players and large local and small manufacturers. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in U.S. electric enclosure market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.
For instance:
- In March 2021, ABB joined hands with Amazon Web services to develop a cloud based digital solutions for quick electrification of transport fleets. ABB provided its power distribution solutions for charging stations integrated with AWS software for developing a reliable ecosystem for seamless experience. This helped the company to strengthen its product portfolio in different industry verticals of the market.
ABB is the dominating player in U.S. electric enclosure market. The other key players existing in the market are Adalet, Robroy Industries, Eaton, Legrand North America, LLC, Panduit, Polycase, Schneider Electric, Saginaw Control and Engineering, Hubbell, BUD Industries, nVent, Emerson Electric Co., and Austin Electrical Enclosures among others.
ABB
ABB was founded in the year 1988, and is headquartered in Zurich, Switzerland. The company provides software solutions and electrical products for the end user in domains such as electrification and automation among others. the company has several product & service categories including control room solutions, drives, electric vehicle charging infrastructure, low voltage products and systems, measurement and analytics, mechanical power transmission, medium voltage products, metallurgy products, motors and generators, plc automation, power converters and inverters, robotics in which low voltage products and systems fragments are the market focused category.
For instance,
- In April 2021, Hitachi ABB Power Grids a long term collaboration signed agreement with Atlas Renewable Energy for renewable energy projects in Americas. Through the collaboration the companies will integrate energy storage systems into the design of early development stage projects with Hitachi ABB providing electrical solutions and interconnections. This has enabled the company to enhance its reach in the U.S. market.
The company has wide presence across North America, South America, Europe, Asia-pacific, and Middle East & Africa. The company also has various subsidiary companies including ABB S.A. (Argentina), ABB Electrification Canada ULC (Canada), ABB Beijing Switchgear Limited (China), ABB Xiamen Low Voltage Equipment Co. Ltd. (China), and ABB Xinhui Low Voltage Switchgear Co. Ltd. (China) among others.
Schneider Electric
Schneider Electric was founded in the year 1891 and is headquartered in Rueil-Malmaison, France. The company provides electrical products and services for energy management, industrial automation and process efficiency. The company operates its business via several business segments including energy management and industrial automation in which industrial automation is the market focused segment. The company has several product categories which are residential and small businesses, building automation and control, low voltage products and systems, solar and energy storage, access to energy, medium voltage distribution and grid automation, critical power, cooling and racks, industrial automation and control in which industrial automation and control are the market focused category.
For instance,
- In June 2019, Schneider Electric launched its first smart factory in U.S. which showcased increased operational efficiency through EcoStructure solutions. This was achieved through IIoT implementation in the facility. The company implemented cutting edge technologies in industrial automation. This enable the company to reduce costs for its customers by 20% reduction in repair time and 90% in paperwork elimination. This helped the company to maintain its competitive edge in the market and lead to market growth.
The company has presence across North America, South America, Europe, Asia-Pacific, Middle East & Africa, and Australia. The company also has various subsidiaries including Schneider Electric DMS (Serbia), Schneider Canada, Inc. (Canada), Schneider Electric Buildings Americas, Inc. (US), Schneider Electric Korea Ltd. (South Korea), and Industrias Electronicas Pacifico S.A. de C.V. (Mexico) among others.
Hubbell
Hubbell was founded in the year 1888 and is headquartered in Connecticut, U.S. The company focuses on the manufacture of quality electrical products and utility solutions for multiple end market applications. The company operates its business via several business segments including electrical solutions segment and utility solutions segment in which utility solutions segment is the market focused segment. The company has several product categories which are data & communications, electrical & electronics, lighting & controls, power & utilities in which power & utilities is the market focused category.
For instance,
- In February 2021, Hubbell announced the acquisition of Beckwith Electric Co., Inc. a premier manufacturer of protection and control products for electric utility and industrial markets. This acquisition strengthened Hubbell’s capabilities in advanced distribution automation technology sold to utility customers. This enhanced the company’s product portfolio in power & utility business segment in the market.
The company has presence across North America, South America, Europe, Asia-Pacific. The company also has various subsidiaries including Bel Manufacturera, S.A. de C.V. (Mexico), GAI-Tronics S.r.l. (Italy), Haefely Test, AG (Switzerland), Dongguan Hubbell Electrical Products Company Limited (China), and Harvey Hubbell Limited (U.K.) among others.
