The report "North America Electrical Enclosure Market," is expected to reach USD 2.9 billion by the year 2024, at a CAGR of 10% during the forecast period.
Electrical enclosure prevents electrical shock to equipment users and protects the contents of the environments. It is a cabinet for electrical or electronic equipment to mount switches, displays, and knobs.
Metals, Carbon Steel, Stainless steel, and aluminum are materials utilized to manufacture the electrical enclosure. These enclosures are also used to protect electrical equipment such as power generators, power distribution systems, and transmitters.
For Low production equipment we use standardized enclosure and for mass-produced equipment, we use customized electrical enclosure. The Major factors driving the market are industrial infrastructure, growth in the trend of automation and rise in residential.
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This report contains the in-depth analysis on the market and the estimations are done using volume and value data are further validated on three approaches including bottom-up, top-down and from top companies revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.
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Key pointers in the report include:
- Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis & PESTLE analysis to perform to analyze the impact of drivers, restraints, challenges, and constraints on the market during the next five years.
- Team of analysts has analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals which will specify the emerging scope of the market in end-user industries.
- Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
- Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each and every segment of the market.
- A complete 360-degree analysis is provided in the report on key companies’ product portfolio, business portfolio, developmental strategies, and key developments from the companies in the historical period.
- Advanced customizations on countries, specific applications in end-user industries, product based customizations will be provided based on the request.
- All the collected data is further validated and verified using surveys, interviews, and interactions with industrial experts.
North America Electrical Enclosure Market Top Players
- Emerson Electric Co.
- Rittal GmbH
- Eaton Corporation
- Eldon Holding AB
- Fibox enclosures
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