1
Global Electrical Enclosures Market Forecast 2017-2024 The Global Electrical Enclosure Market Forecast Report of 2017 till 2024 provides with detailed information about the parameters like market trends, key corporate players, geographical analysis, and industry insights with prospects. Get Discount on this report at http://www.reportsnreports.com/contacts/discount.aspx?name=1151596 Key Findings for Electrical Enclosure Market The market for the electrical enclosure is assessed to develop from USD 4630 Million in 2016 to USD 7741 Million by 2024, at a CAGR of 6.72% between 2017 and 2024. The base year considered for the survey is 2016 and the forecast period is between 2017 and 2024. Improvement in innovation, technology, rising income and changing lifestyle are the real drivers of the industry. Market Insights for Electrical Enclosure The electrical enclosure market is segmented on the basis of Form Factor, Product Type, Material, and Geography. The electrical enclosure on the basis of form factor is segmented into free-size enclosures, small enclosures, and compact enclosures. The electrical enclosures on the basis of the product type is segmented into drip-tight enclosures, hazardous environment enclosure, flame/explosion-proof enclosure, dust-tight enclosures and other enclosure types. The electrical enclosure market on the basis of material is segmented into the non-metallic and metallic enclosure. The non-metallic electrical enclosure is further segmented into plastic/ polyvinyl chloride (PVC), polycarbonate, fiberglass, and polyester. The metallic electrical enclosure market is further segmented into stainless steel, mild steel, and aluminum. The electrical enclosure on the basis of geography is segmented into North America, Europe, Asia-Pacific and Rest of the world. Get the Complete Report with detailed information at http://www.reportsnreports.com/reports/1151596-global-electricalenclosures-market-forecast-2017-2024.html The government regulations on the safety of the end-user, the growth in the
2
Global Electrical Enclosures Market Forecast 2017-2024 trend of process automation and rise in residential and industrial infrastructure are some of the primary drivers for the market growth of electrical enclosure.
Regional Insights Electrical Enclosure Market Asia-Pacific is projected to be the fastest growing region due to financial improvements in the developing economies. North America is estimated to grow at a high CAGR due to increasing demand and usage of electrical enclosures in food and beverage industry. Europe is estimated to grow during the forecast period due to increasing use of industrial applications in the region. For more info inquire here about the report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1151 596 Asia pacific as a result of industrialization and rising income is expected to boom in the coming years. The APAC area is expected to be the fastest
3
Global Electrical Enclosures Market Forecast 2017-2024 developing region mainly because of financial improvement of emerging economies such as India and China. North America is expected to have high growth because of expanding uses of electrical enclosures in food & beverage industry and the continued growth of smart homes. After the APAC region and North America, France and Germany are expected to show an increase in the market for an electrical enclosure for industrial applications. Supportive government regulations regarding safety of end users, growing trend of process automation, growing industrial and residential infrastructure are the primary drivers for the growth of the market. Conversely, lack of brand loyalty, highly fragmented market and quality and safety concerns are some factors that are restricting the growth of the market. The leading players in the perimeter security market are encountering challenges in the low acceptance rate of the high-quality enclosures. Get Licensed Copy of the report here at http://www.reportsnreports.com/purchase.aspx?name=1151596 Competitive Insights for Electrical Enclosure Market The Major players in the electrical enclosure market are Eaton Corporation (Ireland), Pentair PLC (U.S.), Hubbell Inc. (U.S.), Legrand (France), Rittal GmbH & Co. Kg. (Germany), ABB Ltd (Switzerland), Emerson Electric Co. (U.S.), Fibox Enclosures (Finland), Eldon Holding AB (Spain), General Electric (U.S.), Schneider Electric SE (France), Allied Moulded Products (U.S.), Adalet Inc. (U.S.), and ITS Enclosures (U.S.). About Us: ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research of over 5000 micro markets.