The purpose of the report is to illustrate the state of the market of Electrical Enclosure, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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An electrical enclosure is a cabinet for electrical system used to mount knobs and switches and prevent users from electrical shock. Since electrical enclosure housing the electrical equipment is the only part visible to users, the manufacturers focus not only on developing quality product, but also an aesthetic one. In few cases, government regulations and standards dictate characteristics and performance of electrical enclosures used in hazardous environments. The global market for electrical enclosures is moderately matured and is poised to witness steady growth during the forecast period 2016 – 2023.
The nature of the electrical enclosures market varies from region to region. The market in developed economies including Europe and North America is well structured and highly consolidated. On the contrary, the market for electrical enclosures in Asia Pacific and Latin American countries is relatively unorganized comprising large number of regional electrical enclosure and cable management manufacturers. The fragmented nature of the market in these regions requires manufacturers to ensure product enhancements and new product launches at regular intervals to remain competitive in the market. Some of the leading, promising, and emerging electrical enclosure manufacturers identified in the research study include General Electric Company (the United States), Emerson Electric Company (the United States), Eaton Corporation Plc (Ireland), Rittal GmbH & Co. KG (Germany), Hubbell, Inc. (the United States), ABB Ltd. (Switzerland), Legrand S.A. (France), Siemens AG (Germany), Eldon Holding AB (Spain), Adalet Inc (the United States), and Schneider Electric SE (France) among others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Electrical Enclosure buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Electrical Enclosure contains:
Analysis and forecast of Electrical Enclosure market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Electrical Enclosure market;
Assessment and forecast of Electrical Enclosure market development;
Financial and business profiles of the leading companies in the Electrical Enclosure industry.
– Up to date working Electrical Enclosure data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Electrical Enclosure for the period 2018 to 2026
– Planned Electrical Enclosure additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Electrical Enclosure projects by region, key countries, and companies
– Details of major planned Electrical Enclosure projects in the world up to 2026
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