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.
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The market study of the European electric enclosure market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- 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.
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