DUBLIN--(BUSINESS WIRE)--The "Electrical Enclosure Market - By Material Type, By Industry Vertical, and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The global Electrical Enclosure market amassed revenue worth nearly 6.89 (USD Billion) in 2019 and will register a CAGR of nearly 6.87% during the period from 2020 to 2026.
The report offers assessment and analysis of the Electrical Enclosure market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
An electrical enclosure is a box or cabinet for electric device that offers protection to electric or electronic device against electric shock. It protects electric devices used in various construction, utility, and industrial applications. Apart from this, the electric enclosure also protects the electric instrument from radio frequency interference, heat ejection, and electromagnetic waves. It is a component of electric instrument that helps in mounting switches, displays, and knobs, thereby avoiding electric shocks to the device users along with protecting the equipment from the adverse environmental conditions. It is also used to provide aesthetic appeal to the electric device.
Market Growth Drivers
Growing product penetration across various sectors is credited to its massive use in circuit breakers, switches, contractors, and control panels in order to protect users from getting electrocuted. Furthermore, massive requirement for renovating power infrastructure across the developing nations will leverage the expansion of electrical enclosures industry over the forthcoming years. Escalating product demand in oil & gas, pulp & paper, food & beverages, power generation & distribution, metals & mining, medical, and transport sectors will upswing business trends. Humongous need for power supply will create new growth opportunities for electrical enclosure market over the forthcoming years.
Furthermore, surge in the number of commercial as well as residential construction activities will fuel the market growth over the ensuing years. Surge in the industrial activities as well as mining activities and access of power supply to rural & remote areas will carve a profitable growth trajectory for the market in the years to come. Introduction of new power generating techniques and allocation of funds for ensuring that the power supply facilities reach the nook & corner of world will expand the business scope over the next couple of years. Demand for renewable or sustainable energy will further enhance the business sphere.
Asia Pacific Market To Experience Humongous Surge Over 2020-2026
The growth of the market in the Asia Pacific zone during the forecast timeline is owing to huge funding of power generating & distributing sectors in the countries like India and China. In addition to this, huge demand for power supply across commercial as well as residential sectors will steer the business expansion in the region over the forecast timeline.
Key Topics Covered:
2. Executive Summary
2.1. Electrical Enclosure Market, 2016-2026(USD Billion)
2.2. Electrical Enclosure Market: Snapshot
3. Global Electrical Enclosure Market- Industry Analysis
3.1. Electrical Enclosure Market: Market Dynamics
3.2. Market Drivers
3.2.1. Humongous need for power supply will create new growth opportunities for electrical enclosure market.
3.2.2. Surge in the number of commercial as well as residential construction activities will enlarge the market value during the upcoming years
3.3. Market Attractiveness Analysis
3.3.1. Market attractiveness analysis By Material Type
3.3.2. Market attractiveness analysis By Mounting Type
3.3.3. Market attractiveness analysis By Form Factor
3.3.4. Market attractiveness analysis By Industry Vertical
4. Global Electrical Enclosure Market- Competitive Landscape
4.1. Company market share analysis
4.1.1. Global Electrical Enclosure Market: company market share, 2019
4.2. Strategic development
4.2.1. Acquisitions & mergers
4.2.2. New Product launches
4.2.3. Agreements, partnerships, collaborations, and joint ventures
4.2.4. Research and development and Regional expansion
4.3. Price trend analysis
5. Global Electrical Enclosure Market-Material Type Analysis
5.1. Global Electrical Enclosure Market overview: By Material Type
6. Global Electrical Enclosure Market- Mounting Type Analysis
6.1. Global Electrical Enclosure Market overview: By Mounting Type
6.2. Floor-Mounted/Free-Standing Enclosure
6.3. Wall-Mounted Enclosure
7. Global Electrical Enclosure Market- Form Factor Analysis
7.1. Global Electrical Enclosure Market overview: By Form Factor
7.2. Compact Enclosure
7.3. Small Enclosure
7.4. Free-Size Enclosure
8. Global Electrical Enclosure Market- Industry Vertical Analysis
8.1. Global Electrical Enclosure Market overview: By Industry Vertical
8.2. Oil & Gas
8.3. Power Generation & Distribution
8.5. Metals & Mining
8.6. Food & Beverages
8.7. Pulp & Paper
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/71bbej