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Global Industrial Enclosures Market 2019-2023
SKU ID : TNV-13717349 | Publishing Date : 07-Dec-2018 | No. of pages : 125
About this market
The importance of energy- efficient devices has been recognized over the decade. Electricity has become a key concern for various industries, especially in developing countries, because of severe power storage. Therefore, the end- users opt for diverse types of safety devices to protect industrial equipment, such as motors, compressors, pumps, and fans. The demand for these safety devices such as VFDs, vacuum contractors, and MCC observed a steep rise for the industrial set- up. The increasing demand for demand for safety devices is expected to drive the demand for industrial enclosures during our forecast period. analysts have predicted that the industrial enclosures market will register a CAGR almost 5% during the forecast period.
Market Overview
Increased adoption of automation and communication technologies
Industrial manufacturing has witnessed a change in the overall process with automation and robotics playing a major role in this change due to the need to reduce the overall operating cycle time. The increased use of automation and robotics has increased the productivity in the manufacturing industry, along with the density of the electrical and electronic equipment used in the manufacturing facilities.
Increased time and cost of product certification
The increase the overall extension of the timeline as the loop for testing and certification increases. All these factors affect the enclose manufacturers as they direct impact the overall time- to- market for their products and delay cash in- flows.
For the detailed list of factors that will drive and challenge the growth of the industrial enclosures market during the 2019-2023, view our report.
Competitive Landscape
The industrial enclosures market is moderately fragmented due to the presence of a considerable number of companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
The importance of energy- efficient devices has been recognized over the decade. Electricity has become a key concern for various industries, especially in developing countries, because of severe power storage. Therefore, the end- users opt for diverse types of safety devices to protect industrial equipment, such as motors, compressors, pumps, and fans. The demand for these safety devices such as VFDs, vacuum contractors, and MCC observed a steep rise for the industrial set- up. The increasing demand for demand for safety devices is expected to drive the demand for industrial enclosures during our forecast period. analysts have predicted that the industrial enclosures market will register a CAGR almost 5% during the forecast period.
Market Overview
Increased adoption of automation and communication technologies
Industrial manufacturing has witnessed a change in the overall process with automation and robotics playing a major role in this change due to the need to reduce the overall operating cycle time. The increased use of automation and robotics has increased the productivity in the manufacturing industry, along with the density of the electrical and electronic equipment used in the manufacturing facilities.
Increased time and cost of product certification
The increase the overall extension of the timeline as the loop for testing and certification increases. All these factors affect the enclose manufacturers as they direct impact the overall time- to- market for their products and delay cash in- flows.
For the detailed list of factors that will drive and challenge the growth of the industrial enclosures market during the 2019-2023, view our report.
Competitive Landscape
The industrial enclosures market is moderately fragmented due to the presence of a considerable number of companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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