The US electric enclosure market is estimated to grow at a CAGR of 4.6% during the forecast period. Rising industrialization is one of the key factors accelerating the adoption of electric enclosures in the country. The US manufacturers are considered as one of the major adopters of Industry 4.0. Owing to the early adoption of trending technologies, including big data, IoT, DevOps, and Mobility, US manufacturers are eager to incorporate IoT technologies in their manufacturing processes. The increasing number of small and medium enterprises (SMEs) and growing digitization in manufacturing by large organizations have led to the growth of Industry 4.0 in the US manufacturing sector.
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Apart from large organizations, SMEs in the US are significantly focusing on combining new technologies into their current systems, which in turn, is paving the way for Industry 4.0 in the country. In industrial applications, enclosures are optimized for use for particularly fulfilling the requirements of the IoT and Industry 4.0. Electronic systems are significantly distributed all over the smart factory for interoperability, decentralized decision making, and information transparency. Enclosures offer an easier and faster assembly and greater flexibility, enhanced safety, and component installation.
Scope of the US Electric Enclosure Market
Market Coverage
· Market number available for 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- By Material and Vertical
· Competitive Landscape- Eaton Corp., Hubbell Inc., Emerson Electric Co., ABB Ltd., and Schneider Electric SE
Recent Strategic Initiatives in the US Electric Enclosure Market
· In May 2019, Toshiba Mitsubishi-Electric Industrial Systems Corp. (TMEIC) declared the launch of the TMdrive-Guardian. It is an outdoor enclosure for its renowned TMdrive-MVe2 medium voltage (MV) variable frequency drive (VFD). This is a self-sufficient enclosure that avoids the requirement of the house the drive in a temperature-controlled industrial control building or E-house.
· In May 2019, Rittal launched the AX and KX enclosures that are fixed with digital processes. This new range delivers easier, increased safety, greater flexibility, and component installation, and faster assembly. These are redesigned with the principles of Industry 4.0.
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US Electric Enclosure Market-Segmentation
By Material
· Metallic
· Non-Metallic
By Vertical
· Energy and Utilities
· Industrial (Automotive and Manufacturing)
· IT and Telecommunication
· Process Industries
· Others
Company Profiles
· ABB Ltd.
· Allied Moulded MATERIALs, Inc.
· ArmorLogix Corp.
· Austin Electrical Enclosures
· AZZ Inc.
· Bison Profab Inc.
· Bud Industries
· Eaton Corp.
· Emerson Electric Co.
· Hubbell Inc.
· Leviton Manufacturing Ltd.
· Saginaw Control and Engineering
· Schneider Electric SE
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