Categories
Coronavirus News

Europe Stainless Steel Electrical Enclosures Market Poised to Expand at a Robust Pace by 2027

Stainless steel electrical enclosure is a cabinet designed to protect electrical components such as knobs, switches, and displays from external factors. The enclosures also protect people from getting electrocuted. They are available in various sizes and mounting types, such as wall-mounted and free-standing models. The adoption of stainless steel electrical enclosures is governed by several national regulatory standards. The government regulations are pertinent to industries that work in hazardous areas where potential risks comprise combustible dust, flammable gases, and other volatile particles. Rising awareness regarding workers’ safety and health, along with the increasing industrial fatalities, primarily in oil & gas and mining industries, is likely to propel the market growth during 2020–2027. Additionally, advancements in technologies, accompanied by changing consumer needs for equipment, are further expected to accelerate market expansion.

The Europe Stainless Steel Electrical Enclosures market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

The Business Market Insights subscription helps clients understand the ongoing market trends, identify opportunities, and make informed decisions through the reports in the Subscription Platform. The Industry reports available in the subscription provide an in-depth analysis on various market topics and enable clients to line up remunerative opportunities. The reports provide the market size & forecast, drivers, challenges, trends, and more.

Obtain FREE Sample Brochure at

https://www.businessmarketinsights.com/sample/TIPRE00011850

The stainless steel electrical enclosures market in Europe is expected to grow from US$ 291.15 Mn in 2019 to US$ 550.30 Mn by 2027; it is estimated to grow at a CAGR of 9.5% from 2020 to 2027. Growing demand for energy-efficient devices, rising need to upgrade existing power infrastructure, and ever-increasing focus toward the use of renewable power sources are among the prime factors accelerating the growth of the energy & power industry in Europe. Driven by scrutiny from regulators, the industry has a wide scope to step into the clean energy transition. In Europe, the stainless steel electrical enclosures market is propelled by the installation of power stations operating on renewable sources of energy, such as wind and solar energy. The initial stages in renewable energy projects might prove expensive and need several years before yielding a huge return on investment.

Hence, it is crucial that systems run faultlessly from the time of installation. Selecting the suitable stainless steel electrical enclosure improves the performance and durability of the equipment enclosed. As solar power is an exceptional source of energy, the equipment are often situated outdoors, exposing electrical enclosures; thus, the manufacturers prefer a reliable electrical enclosure that can perform under harsh environmental conditions such as UV radiation, rain, snow, dust, and dirt. Therefore, the aforementioned factors increase the demand for stainless steel electrical enclosures as they are highly reliable and withstand extreme conditions. These factors are expected to offer broad growth opportunities in the Electronics and Semiconductor industry and this is expected to cause the demand for Europe Stainless Steel Electrical Enclosures in the market.

Business Market Insights reports focus upon client objectives, use standard research methodologies and exclusive analytical models, combined with robust business acumen, which provides precise and insightful results.

Business Market Insights reports are useful not only for corporate and academic professionals but also for consulting, research firms, PEVC firms, and professional services firms.

Europe Stainless Steel Electrical Enclosures Market – MARKET SEGMENTATION

By MountingType

  • Wall-mounted
  • Free-Standing
  • Others

By Industry

  • Food & Beverages
  • Medical and Pharmaceutical
  • Energy & Power
  • Logistics and Transportation
  • Oil & Gas
  • Others

By Country

  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe

Company Profiles

  • ABB Ltd.
  • CUBIC-MODULSYSTEM A/S
  • DELVALLE BOX
  • Electrix International Ltd.
  • ETA S.P.A.
  • EURO INOX QUALITY SRL
  • Ilinox SRL
  • MP GAMMA SRL
  • nVent Hoffman
  • RITTAL GMBH & CO. KG
  • Schneider Electric SE
  • ZANARDO S.P.A

Business Market Insights provides affordable subscription with pay as per requirement at 

https://www.businessmarketinsights.com/TIPRE00011850/checkout/basic/single/monthly

(30-day subscription plans prove to be very cost-effective with no compromise on the quality of reports)

Benefits with Business Market Insights

  • One Stop Platform to All the Market Insight Needs
  • Avoid Long Purchase Procedures
  • Fast and Easy Access
  • Cloud-Based Platform
  • News Updates
  • Ask the Analyst Support
  • Pay Monthly Subscription and Access All You Want
  • No Compulsion for Yearly Subscription
  • Reports Read or Download Access
  • Monthly New Reports Added
  • Affordable Product, Pay as Per Requirement

About Business Market Insights

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

For Subscription contact

Business Market Insights

Phone : +442081254005
E-Mail : [email protected]

Leave a Reply

Your email address will not be published. Required fields are marked *