Worldwide Electric Enclosure Industry to 2026 - Key Motivators, Restraints and Opportunities
7Newswire
24 Apr 2021, 16:17 GMT+10
DUBLIN, April 24, 2021 /7Newswire/ -- The 'Global Electric Enclosure Market 2020-2026' report has been added to ResearchAndMarkets.com's offering.
The global electric enclosure market is estimated to witness significant growth during the forecast period. Rising demand in the food and beverage sector is one of the pivotal factors driving market growth.
Enclosures for electrical and switchgear equipment are crucial across the production and engineering sectors which includes food and beverage manufacturing firms. For sensitive electrical components, the enclosure develops a protective environment and protects operatives from coming into contact with the electrical circuitry. Enclosures are particularly designed to fulfill the needs of food and beverage manufacturing lines that are normally known as 'Hygienic Design' enclosures. Everything which is linked with a food manufacturing line must fulfill the required standards for cleanliness, and that comprises the enclosures for the protection of electrical equipment that fuels any concerned automated processes. Owing to the design characteristics, these enclosures are commonly referred to as 'Hygienic Design' (HD) enclosures. HD products offer a solution to plant operators and mechanical engineers that eliminates the hazards of high-pressure applications.Geographically, Asia-Pacific is estimated to witness enormous growth during the forecast period owing to the rising industrialization and increasing renewable energy sector in the region. Government initiatives to enhance industrialization. In May 2015, the Chinese government revealed the Made in China (MIC) 2025 initiative which aims to enhance productivity, improve the Chinese economy, and conduct advances in industrial processes. Under the initiative, the Chinese government is performing the task of advancing infrastructure and accelerate technological developments. This leads to an increasing demand for electric enclosures in industrial facilities to prevent physical damage to components and protect workers from accidentally contacting some parts.Some key players in the market include ABB Ltd., Schneider Electric SE, Legrand SA, Rittal GmbH & Co. KG, and Hubbell Inc. The strategies adopted by the market players to increase market share include mergers and acquisitions and partnerships and collaborations. For instance, in May 2019, Rittal launched the AX and KX enclosures that are fixed with digital processes. This new range delivers easier, increased safety, greater flexibility, and component installation, and faster assembly. These are redesigned with the principles of Industry 4.0.Market Segmentation:1. Global Electric Enclosure Market Research and Analysis by Material2. Global Electric Enclosure Market Research and Analysis by VerticalThe Report Covers: