European electric enclosure market is estimated to grow at a CAGR of 4.5% during the forecast period. The growing food and beverage industry is one of the pivotal factors accelerating market growth. As per the FoodDrinkEurope, the EU food and drink industry generated a turnover of nearly $1,431 billion in 2017. In 2017, there were 294 food and drink companies (1000 units) operating in the EU. Small and medium enterprises (SMEs) generate nearly 50.0% of the food and drink industry turnover. The food and drink industry represents over 290,000 SMEs in 2017. Enclosures for electrical and switchgear equipment are crucial across the production and engineering sectors across 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. 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.
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Some prominent players in the market include ABB Ltd., Schneider Electric SE, Legrand SA, Rittal GmbH & Co. KG, and nVent Electric plc. Mergers and acquisitions and partnerships and collaborations are considered as some vital strategies adopted by the market players to expand their share in the marketplace. 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.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
European Electric Enclosure Market-Segmentation
By Material
- Metallic
- Non-Metallic
By Vertical
- Energy and Utilities
- Industrial (Automotive and Manufacturing)
- IT and Telecommunication
- Process Industries
- Others
European Electric Enclosure Market– Segment by Country
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
The Report Covers
- Comprehensive research methodology of the European electric enclosure market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European electric enclosure market.
- Insights about market determinants which are stimulating the European electric enclosure market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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