London, 18 February 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Electrical Enclosure Market 2015-2019, which is expected to grow at a CAGR of 5.06 percent during the period 2015-2019.
“The increased global penetration of the internet and the introduction of 2G and 3G networks have led to an increase in the demand for high-end enclosures to protect equipment users from electric shock,” says Faisal Ghaus, Vice President of TechNavio.
“The increase in construction activities worldwide has resulted in high demand for power generators and ensured that enhanced safety electrical enclosures are employed.”
Key Market Drivers
- Increased Demand for Electrical Enclosures from Developing Countries
- Demand from Infrastructure and Telecommunication Industries
- Demand from Energy and Power Sector
Key Market Trends
- Customization of Electrical Enclosures
- Transparent Material Used for Electrical Enclosures
- Mergers and Acquisitions in Electrical Equipment Market
Key Market Vendors
- Adalet Inc.
- Eaton Corp. plc
- Emerson Electric Co.
- Pentair Ltd.
- Schneider Electric SE
- Siemens AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
