Electric Enclosure Market Demand and Forecast 2023

1
MarketsandMarkets Presents
The Electric Enclosure Market is expected to grow
from USD 6.15 Billion in 2018 to USD 7.91 Billion
by 2023, at a CAGR of 6.27. Factors that will be
driving this market include increasing demand for
enclosures from the renewable energy sector,
stringent safety and process regulations, which
are forcing users to look for enclosures that are
compliant to regulations, and increased focus on
connected cities in developing regions.
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MarketsandMarkets Presents
The Power Generation Distribution Industry is
expected to lead the Electric Enclosure Market
between 2017 and 2023 Among various
Applications, the Power Generation Distribution
Industry is expected to account for the largest
size of the overall electric enclosure market
between 2017 and 2023. Electric Enclosures are
used to protect critical equipment and circuitry
in the power generation distribution industry.
These enclosures should be able to withstand
harsh environmental conditions. Electric
enclosures enhance the safety of end users and
electronic/electric equipment, even in
energy-generation stations. Similarly, in power
transmission distribution, electric enclosures
are used to keep the circuitry safe from external
damage. APAC will lead the demand for electric
enclosures in the power generation distribution
segment during the forecast period.
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MarketsandMarkets Presents
The Market for Underground Electric Enclosures
is expected to grow at the highest CAGR between
2018 and 2023 Among mounting type, the
underground type of electric enclosures is
expected to grow at the highest CAGR during the
forecast period. This will be owing to their low
maintenance cost and increased adoption in power
transmission segment in underground cabling of
electricity lines. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
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MarketsandMarkets Presents
APAC expected to lead the Electric Enclosure
Market between 2018 and 2023 APAC is expected
to hold the largest size of the Electric
Enclosure Market during the forecast period. Key
factor driving the Electric Enclosure Market in
APAC is the growing demand for energy power
from both residential and commercial
sectors. Speak To Analyst _at_ https//www.marketsan
dmarkets.com/speaktoanalystNew.asp?id6953934
5
MarketsandMarkets Presents
Key Players Rittal (Germany), Schneider
(France), Pentair (UK), Emerson (US), Eaton (US),
ABB (Switzerland), Hammond (Canada), and AZZ (US)
are the major industry players in the Electric
Enclosure Market. Browse For More Details -
https//www.marketsandmarkets.com/Market-Reports/e
lectrical-enclosure-market-6953934.html
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MarketsandMarkets Presents
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MarketsandMarkets Presents
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