Floor-mounted Electric Enclosure Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

An electric enclosure is a container for electrical or electronic equipment that is used to place switches, knobs, and displays, as well as to protect the contents from the environment and to prevent electrical shock to users. Electrical equipment such as power generators, power distribution systems, transmitters, and so on are protected by the enclosure. Weather threats such as dirt, rain, sleet, or snow are protected by the enclosure. They're also suitable for food processing plants, dairies, refineries, and other industries that deal with corrosion. Electric enclosure have various types such as, wall mounted enclosures, floor mounted type and standing type. 

MARKET SCOPE

    
The "Global Floor-Mounted Electric Enclosure Market Analysis to 2031" is a specialized and in-depth study of the Floor-mounted electric enclosure Market with a special focus on the global market trend analysis. The report aims to provide an overview of floor-mounted electric enclosure market with detailed market segmentation by product type and application. The global floor-mounted electric enclosure market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading floor-mounted electric enclosure market player and offers key trends and opportunities in the floor-mounted electric enclosure market. 

MARKET SEGMENTATION

• Based on product type the market is segmented as, small enclosure, compact enclosure and free-size enclosure.
• Based on applications the market is segmented as, power generation and distribution, oil and gas, metals and mining, medical pulp and paper, food and beverages, others. 

MARKET DYNAMICS

Drivers:

• The growing demand for protection and safety and growth in power and industrial infrastructure is expected to boost market growth during the forecast period.
• Presence of stringent safety regulations is also driving the market growth further.
• Rising emphasis on connected cities in developing nations is expected to spur the market growth during the forecast period.
• Rising awareness about industrial and workplace safety.

Restraints:

• High rate of competition in market along with issue of seal leakage in enclosures are expected to restrain market growth during the forecast period. 

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global floor-mounted electric enclosure market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The floor-mounted electric enclosure market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting floor-mounted electric enclosure Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the floor-mounted electric enclosure market in these regions.

IMPACT OF COVID-19 ON FLOOR-MOUNTED ELECTRIC ENCLOSURE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The reports cover key developments in the floor-mounted electric enclosure market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from floor-mounted electric enclosure market are anticipated to lucrative growth opportunities in the future with the rising demand for floor-mounted electric enclosure market. Below mentioned is the list of few companies engaged in the floor-mounted electric enclosure market. 

The report also includes the profiles of key floor-mounted electric enclosure market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• Nema Enclosures
• EPI Electrical Enclosures and Engineering
• KDM Steel
• Rittal GmbH and Co. KG
• Schneider Electric
• nVent
• Emerson
• Eaton
• Hammond Manufacturing Ltd
• FIBOX

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study."

Floor-mounted Electric Enclosure Report Scope