123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Global Electrical Enclosure Market To Reach Us$ 7.23 Bn By 2023

Profile Picture
By Author: Chakresh Thakur
Total Articles: 489
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

According to a new market report published by Credence Research, Inc. “Global Electrical Enclosure Market (By Type (Metallic and Non-Metallic Enclosure), By Application (Dust Tight, Hazardous Environment, Drip-Tight, Flame/Explosion, and Others), and By End-use (Industrial, Commercial, Food and Beverage, Energy and Power, Transportation, and Others) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the global electrical enclosure market is expected to witness a steady growth, expanding at a CAGR of 5.9% from 2016 to 2023.

Browse the Global Electrical Enclosure Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at https://www.credenceresearch.com/report/electrical-enclosure-market

Market Insights:

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.

Competitive Insights:

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.

Key Trends:

Stringent government regulations promoting worker safety at workplace
Rapid industrialization and growing trend towards process automation
Growing demand from food and beverage and energy and power sectors
Demand for customized solutions
Price competition, especially in Asia Pacific and RoW markets.

Total Views: 41Word Count: 377See All articles From Author

Add Comment

Business Articles

1. Best Digital Marketing Services Company In India
Author: softberry

2. The Best Engineering Colleges In India And Brightens Your Future
Author: thomasbrainbuxa

3. Why Multi-vendor App Development Are Killing You And How To Overcome?
Author: George Stanley

4. Know How Purple Wallpapers Are Making A Comeback
Author: Burkedecor

5. Inthisto Financial Solutions
Author: sravan

6. Best College Placement In Jaipur, Rajasthan
Author: celinabrainbuxa

7. Plastic Additives Market Research Report –global Forecast To 2023
Author: Unknown Member

8. Top Tips: A Winter Check-up For Your Boat | Rv Extension Cords
Author: Devin Herz

9. Understand The Different Types Of The Bottles To Store Liquid And Others
Author: sky-commodity

10. Use Lotion Pump To Reduce Wastage Of Cosmetic Products
Author: sky-commodity

11. Methyl Ester Sulfonate Market Grow At A Cagr Of 14% Over The Forecast Period Of 2020-2025
Author: John Marshall

12. How To Sell On Flipkart
Author: kartzhub

13. Reliable And Guaranteed Hvac Services At Neil Heating And Air Conditioning Co
Author: Neil Heating

14. Can You Schedule To Repair Your Commercial Building Roof During Coronavirus Pandemic?
Author: Bryson Kaleb

15. Top Different Types Of Ios Mobile Application Testing
Author: Priti Gaikwad is the experienced software tester

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: