European electric enclosure market is estimated to grow at a CAGR of 4.5% during the forecast period. The growing food and beverage industry is one of the pivotal factors accelerating market growth. As per the FoodDrinkEurope, the EU food and drink industry generated a turnover of nearly $1,431 billion in 2017. In 2017, there were 294 food and drink companies (1000 units) operating in the EU. Small and medium enterprises (SMEs) generate nearly 50.0% of the food and drink industry turnover. The food and drink industry represents over 290,000 SMEs in 2017. Enclosures for electrical and switchgear equipment are crucial across the production and engineering sectors across food and beverage manufacturing firms. For sensitive electrical components, the enclosure develops a protective environment and protects operatives from coming into contact with the electrical circuitry. Owing to the design characteristics, these enclosures are commonly referred to as ‘Hygienic Design’ (HD) enclosures. HD products offer a solution to plant operators and mechanical engineers that eliminates the hazards of high-pressure applications.
Get Free Sample link @ https://www.omrglobal.com/request-sample/europe-electric-enclosure-market
The market is segmented based on material and vertical. Based on material, the market is classified into metallic and non-metallic. Non-metallic enclosures are considered as a suitable choice over metal enclosures for applications in renewable energy, as it offers superior chemical and corrosion resistance rather than metallics, including galvanized steel, aluminum and painted. The maintenance of enclosure is virtually eliminated with the use of non-metallics. As per the Eurostat, the renewable energy share in energy consumption rose constantly between 2004 and 2018, from 9.6% to 18.9%. The Europe 2030 target for renewable energy is 32%. The growing share of renewable energy in the EU is therefore accelerating the adoption of electrical enclosures in the region. Based on vertical, the market is classified into energy and utilities, industrial, it and telecommunication, process industries, and others.
full report of European electric enclosure Market available @ https://www.omrglobal.com/industry-reports/europe-electric-enclosure-market
- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
European Electric Enclosure Market-Segmentation
By Material
- Metallic
- Non-Metallic
By Vertical
- Energy and Utilities
- Industrial (Automotive and Manufacturing)
- IT and Telecommunication
- Process Industries
- Others
European Electric Enclosure Market– Segment by Country
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
The Report Covers
- Comprehensive research methodology of the European electric enclosure market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European electric enclosure market.
- Insights about market determinants which are stimulating the European electric enclosure market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/europe-electric-enclosure-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
