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Global Industrial Enclosures Market 2018-2022 | Growth Analysis and Forecast | Technavio

September 24, 2018

LONDON--(BUSINESS WIRE)--Sep 24, 2018-- global industrial enclosures market research report forecasts the market to register a CAGR of almost 6% during the forecast period.

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Technavio has published a new market research report on the global industrial enclosures market for the period 2018-2022. (Graphic: Business Wire)

The rising demand for modular enclosures will be one of the major trends during 2018-2022. There has been an increase in the demand for modular enclosures due to the significant rise in technological advances in the field of industrial enclosure manufacturing coupled with a steady demand for compact enclosure systems. Modular enclosures provide more flexible, cost-effective, and easy-to-manufacture alternatives to unibody industrial enclosures.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key global industrial enclosures market drivers is the increasing demand for electric enclosures:

Global industrial enclosures market: Increasing demand for electric enclosures

There is an increase in the modernization of industries owing to the advent of Industry 4.0 and the growing adoption of industrial automation. The companies have been choosing effective cable management systems to modernize industries, which is driving the adoption of electric enclosures. The electric enclosures are used in several industries including oil and gas, manufacturing, power, and transmission and distribution.

According to a senior research analyst at Technavio, “The global industrial enclosures market growth is being propelled by the rising demand for the efficient management of devices and wiring. The companies are opting for customized electric enclosures as they provide a systematic organization of machines and wiring. This assists in the sophisticated and clean management of the overall plant.”

Global industrial enclosures market: Segmentation analysis

The global industrial enclosures market analysis report provides market segmentation by product (metallic industrial enclosures and non-metallic industrial enclosures), by end-user (process industries and discrete industries), and by region (the Americas, APAC, and EMEA). This industrial enclosures market forecast provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major products, the metallic industrial enclosures segment held the largest industrial enclosures market share in 2017, contributing to nearly 55% of the market. This product segment will dominate the global market throughout the forecast period.

EMEA held the largest share of the market in 2017, accounting for around 34% share. It was followed by the Americas and APAC respectively. EMEA is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses 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 10,000 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.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005517/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/24/2018 08:40 AM/DISC: 09/24/2018 08:40 AM

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