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.
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
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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: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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