Analysis By Mounting Type (Wall-Mounted, Free-Standing, and Others); Industry (Food and Beverages, Medical and Pharmaceuticals, Energy and Power, Logistics and Transportation, Oil and Gas, and Others)
No. of Pages:132
Report Code:
TIPRE00011850
Category:
Electronics and Semiconductor
Europe Stainless Steel Electrical Enclosures Market
Stainless steel electrical enclosure is a cabinet designed to protect electrical components such as knobs, switches, and displays from external factors. The enclosures also protect people from getting electrocuted. They are available in various sizes and mounting types, such as wall-mounted and free-standing models. The adoption of stainless steel electrical enclosures is governed by several national regulatory standards. The government regulations are pertinent to industries that work in hazardous areas where potential risks comprise combustible dust, flammable gases, and other volatile particles. Rising awareness regarding workers’ safety and health, along with the increasing industrial fatalities, primarily in oil & gas and mining industries, is likely to propel the market growth during 2020–2027. Additionally, advancements in technologies, accompanied by changing consumer needs for equipment, are further expected to accelerate market expansion.
Market Overview and Dynamics
The stainless steel electrical enclosures market in Europe is expected to grow from US$ 291.15 Mn in 2019 to US$ 550.30 Mn by 2027; it is estimated to grow at a CAGR of 9.5% from 2020 to 2027. Growing demand for energy-efficient devices, rising need to upgrade existing power infrastructure, and ever-increasing focus toward the use of renewable power sources are among the prime factors accelerating the growth of the energy & power industry in Europe. Driven by scrutiny from regulators, the industry has a wide scope to step into the clean energy transition. In Europe, the stainless steel electrical enclosures market is propelled by the installation of power stations operating on renewable sources of energy, such as wind and solar energy. The initial stages in renewable energy projects might prove expensive and need several years before yielding a huge return on investment. Hence, it is crucial that systems run faultlessly from the time of installation. Selecting the suitable stainless steel electrical enclosure improves the performance and durability of the equipment enclosed. As solar power is an exceptional source of energy, the equipment are often situated outdoors, exposing electrical enclosures; thus, the manufacturers prefer a reliable electrical enclosure that can perform under harsh environmental conditions such as UV radiation, rain, snow, dust, and dirt. Therefore, the aforementioned factors increase the demand for stainless steel electrical enclosures as they are highly reliable and withstand extreme conditions.
Key Market Segments
In terms of mounting type, the free-standing segment accounted for the largest share of the Europe stainless steel electrical enclosures market in 2019. In terms of industry, the energy & power segment held the largest share of the market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the stainless steel electrical enclosures market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ABB Ltd., Delvalle Box, Rittal GmbH Co. & KG, and nVent Hoffman, among others.
Reasons to buy report
Understand the Europe stainless steel electrical enclosures market landscape and identify market segments that are most likely to guarantee a strong return
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Make knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various market segments
Obtain market revenue forecast for market by various segments from 2020 to 2027 in Europe region
EUROPE STAINLESS STEEL ELECTRICAL ENCLOSURES MARKET SEGMENTATION
By MountingType
Wall-mounted
Free-Standing
Others
By Industry
Food & Beverages
Medical and Pharmaceutical
Energy & Power
Logistics and Transportation
Oil & Gas
Others
By Country
Germany
France
Italy
Spain
UK
Rest of Europe
Company Profiles
ABB Ltd.
CUBIC-MODULSYSTEM A/S
DELVALLE BOX
Electrix International Ltd.
ETA S.P.A.
EURO INOX QUALITY SRL
Ilinox SRL
MP GAMMA SRL
nVent Hoffman
RITTAL GMBH & CO. KG
Schneider Electric SE
ZANARDO S.P.A
Europe Stainless Steel Electrical Enclosures Market Strategic Insights
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Europe Stainless Steel Electrical Enclosures Market Segmentation Analysis
Europe Stainless Steel Electrical Enclosures Market Report Highlights
Europe Stainless Steel Electrical Enclosures Report Scope
Report Attribute
Details
Market size in 2019
US$ 291.15 Million
Market Size by 2027
US$ 550.30 Million
CAGR (2020 - 2027)
9.5%
Historical Data
2017-2018
Forecast period
2020-2027
Segments Covered
By Mounting Type
Wall-Mounted
Free-Standing
By Industry
Food and Beverages
Medical and Pharmaceuticals
Energy and Power
Logistics and Transportation
Oil and Gas
Regions and Countries Covered
Europe
UK, Germany, France, Russia, Italy, Rest of Europe
Market leaders and key company profiles
ABB Ltd.
CUBIC-MODULSYSTEMA/S
DELVALLE BOX
ElectrixInternational Ltd.
ETA S.P.A.
EURO INOX QUALITYSRL
Ilinox SRL
MP GAMMA SRL
nVent Hoffman
RITTAL GMBH & CO. KG
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Europe Stainless Steel Electrical Enclosures Market Country and Regional Insights
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The List of Companies - Europe Stainless Steel Electrical Enclosures Market
How big is the Europe Stainless Steel Electrical Enclosures Market?
The Europe Stainless Steel Electrical Enclosures Market is valued at US$ 291.15 Million in 2019, it is projected to reach US$ 550.30 Million by 2027.
What is the CAGR for Europe Stainless Steel Electrical Enclosures Market by (2020 - 2027)?
As per our report Europe Stainless Steel Electrical Enclosures Market, the market size is valued at US$ 291.15 Million in 2019, projecting it to reach US$ 550.30 Million by 2027. This translates to a CAGR of approximately 9.5% during the forecast period.
What segments are covered in this report?
The Europe Stainless Steel Electrical Enclosures Market report typically cover these key segments-
Mounting Type (Wall-Mounted, Free-Standing)
Industry (Food and Beverages, Medical and Pharmaceuticals, Energy and Power, Logistics and Transportation, Oil and Gas)
What is the historic period, base year, and forecast period taken for Europe Stainless Steel Electrical Enclosures Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Stainless Steel Electrical Enclosures Market report:
Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027
Who are the major players in Europe Stainless Steel Electrical Enclosures Market?
The Europe Stainless Steel Electrical Enclosures Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
ABB Ltd.
CUBIC-MODULSYSTEMA/S
DELVALLE BOX
ElectrixInternational Ltd.
ETA S.P.A.
EURO INOX QUALITYSRL
Ilinox SRL
MP GAMMA SRL
nVent Hoffman
RITTAL GMBH & CO. KG
Schneider Electric SE
ZANARDO S.P.A
Who should buy this report?
The Europe Stainless Steel Electrical Enclosures Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Europe Stainless Steel Electrical Enclosures Market value chain can benefit from the information contained in a comprehensive market report.
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