Industrial Enclosures Market to Witness a CAGR of 4.88% | Analysing Growth in Electrical Components & Equipment Industry |17000 + Technavio Reports

NEW YORK, Oct. 7, 2021 /PRNewswire/ —
The industrial enclosures market is estimated to…

NEW YORK, Oct. 7, 2021 /PRNewswire/ —

The industrial enclosures market is estimated to grow by USD1.83 billion from 2021 to 2025 at a CAGR of 4.88% as per the latest report by Technavio.

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Market Dynamics

The market is driven by factors such as the increasing use of electrical and electronic equipment in manufacturing processes, stringent standards for enclosure design, and the increased adoption of automation and communication technologies. However, the increasing price competition due to volatile input costs is hindering market growth.

Company Profiles

Some of the companies covered in this report are ABB Ltd., Berkshire Hathaway Inc., Eaton Corp. Plc, Emerson Electric Co., Friedhelm Loh Stiftung and Co. KG, Hubbell Inc., nVent Electric Plc, Sanmina Corp., and Schneider Electric SE, etc.

Competitive Analysis

The industrial enclosures market report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By End-user, the market is classified as segments –  Process and Discrete. 
  • By Type, the market is classified as – Metallic and Non-metallic.
  • By Geography, the market is classified as APAC, North America, Europe, MEA, and South America. 

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Industrial Enclosures Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.88%

Market growth 2021-2025

$ 1.83 billion

Market structure

Fragmented

YoY growth (%)

4.57

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Berkshire Hathaway Inc., Eaton Corp. Plc, Emerson Electric Co., Friedhelm Loh Stiftung and Co. KG, Hubbell Inc., nVent Electric Plc, Sanmina Corp., and Schneider Electric SE

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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SOURCE Technavio