Electric Enclosure Market is expected to witness Incredible Growth during 2018 - 2023


By 2023, the Electric Enclosure Market is anticipated to be worth USD 7.91 billion, expanding at a CAGR of 6.27%. Increasing demand for enclosures from the renewable energy sector, strict safety and process rules that force users to hunt for enclosures that are compatible with laws, and growing focus on connected cities in developing countries are factors that will be driving this market.

Major companies in the electric enclosure market include Rittal (Germany), Schneider (France), Pentair (UK), Emerson, Eaton, ABB (Switzerland), Hammond (Canada), and Hubbell (US). One of the important methods used by leading players to obtain a competitive edge in this market is mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships.

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The three business divisions of Rittal (Germany) are product, software, and system consultancy. The company's product line includes items for IT infrastructure, power distribution, and enclosures and temperature control. The company offers small enclosures, compact enclosures, enclosure systems, IT enclosure systems, IT enclosures, console systems, console PCs, industrial workstation enclosure systems, operating housings, support arm systems, stand systems, hygienic design, stainless steel, special applications, and outdoor enclosures under the category of enclosures. Industry segments served by the company include IT, manufacturing and process, power and energy, among others. In Germany, the US, China, India, Italy, and the UK, Rittal runs 11 production facilities. Rittal debuted climate control technologies for their enclosures with water cooling capabilities in June 2017. These air/water heat exchangers with hygienic designs are perfect for the food and beverage industries.

The four business segments for Schneider (France) are buildings & partners, industrial, infrastructure, and IT business. The company offers electrical enclosures in the domain of goods and solutions for electrical distribution in the buildings & partners market. The product line is known as Universal Enclosures, and it is further divided into accessories, steel-mounted enclosures, steel-floor standing enclosures, stainless steel enclosures, insulating enclosures, and thermal management systems. Additionally, the business offers product and service support for applications in the fields of energy & power, oil & gas, transportation, weather intelligence, information technology, security system, process & machine management, food & beverage, automotive, and water processing. For the electrical distribution and telecom industries, Schneider has more than 50 years of expertise creating multipurpose enclosures, thermal management products, and electrical control systems. Renewable Choice Energy, which provides companies with consulting services and products that encourage the use of clean energy, was bought by Schneider in January 2017. 

AZZ (US), Fibox (Finland), Eldon (Spain), Socomec (France), Leviton Manufacturing (US), Adalet (US), and Saginaw Controls and Engineering (US) are further significant players in the electric enclosure market.

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