NEW YORK, Oct. 27, 2015 /PRNewswire/ -- Electric enclosures are used to protect electronic and electrical components from the external environment including fluctuating weather conditions, explosions, and so on. An enclosure is also useful for the systematic arrangement of the numerous components to avoid confusion regarding the connections.
Globally the energy & power sector is growing, and the high demand for enclosures in this vertical is expected to drive the global electrical enclosures market. The growing residential & industrial infrastructure and the expansion in the energy T&D network are the major driving factors for the growth of electrical enclosure market. The global electrical enclosures market is expected to reach $5,857.46 million by 2020, at a CAGR of 6.4% between 2015 and 2020.
The global electrical enclosures market has been segmented on the basis of five categories, namely, form factor, material, product type, vertical, and geography. The form factor segment includes small enclosure, compact enclosure, and free-size enclosure. The material segment includes metallic and non-metallic enclosures. The product type segment includes drip-tight enclosure, dust-type enclosure, flame/explosion proof enclosure, hazardous environment enclosure, and others. The industry verticals include energy & power, commercial & industrial, food & beverage, transportation, and others. The electrical enclosures market segmented on the basis of geography covers regions such as the Americas, Europe, APAC, and RoW.
The major players that offer various products in the electrical enclosures market are Rittal GmbH & Co. KG (Germany), Pentair Plc. (U.K.), Schneider Electric SE (France), Emerson Electric Company (U.S.), Legrand (France), Hubbell, Inc. (U.S.), Eaton Corporation (Ireland), Eldon Holding AB (Sweden), ABB Ltd (Switzerland), and AZZ Inc. (U.S.).
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