Europe Stainless Steel Electrical Enclosures Market Growth and Forecast by 2027

Historic Data: 2017-2018   |   Base Year: 2019   |   Forecast Period: 2020-2027

Europe Stainless Steel Electrical Enclosures Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Mounting Type (Wall-Mounted, Free-Standing, and Others); Industry (Food and Beverages, Medical and Pharmaceuticals, Energy and Power, Logistics and Transportation, Oil and Gas, and Others)

  • Report Date : Jun 2020
  • Report Code : TIPRE00011850
  • Category : Electronics and Semiconductor
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 132

The stainless steel electrical enclosures market in Europe was valued US$ 291.15 million in 2019 and is projected to reach US$ 550.30 million by 2027; it is expected to grow at a CAGR of 9.5% from 2020 to 2027.

The market growth is prominently being driven by the increasing demand for electrical enclosures in renewable energy sector. 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 substantial 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 enclosure market is propelled by the installation of power station soperating 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 crucia lthat 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 is 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 with stand extreme conditions. They enclosures play a crucial role by ensuring safety and effective connection quality of green energy. Thus, the rising use of stainless steel electrical enclosures in the renewable energy industry is likely to provide growth impetus for the market players in the coming years.

The stainless steel electrical enclosures market in Europe is highly fragmented and competitive. The leading companies in this market continue to broaden the irclientele by expanding their current offerings. Prominent players face increasingly high competition, both, from start-ups to leading establish edcompanies. Several companies in the value chain are acquiring other players in the stainless steel electrical enclosures market to provide efficient services to their customers, and thus, to maintain or uplift their position in the market. For instance, in August 2019, nVent Hoffman introduced express modification in its standard enclosures, which permit the distributors to serve their customers with the right product and required modifications in a shorter amount of time.

The Europe stainless steel electrical enclosures market is expected to grow at a good CAGR during the forecast period. The growing digitization and a large number of players focusing on developing efficient solutions are the major factors supporting the market growth in this region.

Germany Stainless Steel Electrical Enclosures Market Revenue and Forecast to 2027 (US$ Mn)


Germany Stainless Steel Electrical Enclosures Market Revenue and Forecast to 2027 (US$ Mn)

  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Europe Stainless Steel Electrical Enclosures Market–Segmentation

Europe Stainless Steel Electrical Enclosures Market, by Mounting Type

  • Wall-mounted
  • Free-Standing
  • Others

Europe Stainless Steel Electrical Enclosures Market, by Industry

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

Europe Stainless Steel Electrical Enclosures Market, by Country

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

Europe Stainless Steel Electrical Enclosures Market – Companies Mentioned

  • ABB Ltd.
  • Cubic-Modul system A/S
  • Delvalle Box
  • Electric International Ltd.
  • ETA S.P.A
  • Euro Inox Quality SRL
  • Ilinox SRL
  • MP Gamma SRL
  • NVENT (ELDON)
  • Rittal GmbH and Co.KG
  • Schneider Electric
  • Zanardo S.P.A

Europe Stainless Steel Electrical Enclosures Report Scope

Report Attribute Details
Market size in 2019 US$ 291.15 Million
Market Size by 2027 US$ 550.30 Million
Global CAGR (2020 - 2027) 9.5%
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered By Mounting Type
  • Wall-Mounted
  • Free-Standing
By Industry
  • Food and Beverages
  • Medical and Pharmaceuticals
  • Energy and Power
  • Logistics and Transportation
  • Oil and Gas
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • ABB Ltd.
  • CUBIC-MODULSYSTEMA/S
  • DELVALLE BOX
  • ElectrixInternational Ltd.
  • ETA S.P.A.
  • EURO INOX QUALITYSRL
  • Ilinox SRL
  • MP GAMMA SRL
  • nVent Hoffman
  • Naveen Chittaragi
    Naveen Chittaragi
    Associate Vice President,
    Market Research & Consulting

    Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

    Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    The List of Companies- Europe Stainless Steel Electrical Enclosures Market

    1. ABB Ltd.
    2. CUBIC-MODULSYSTEMA/S
    3. DELVALLE BOX
    4. ElectrixInternational Ltd.
    5. ETA S.P.A.
    6. EURO INOX QUALITYSRL
    7. Ilinox SRL
    8. MP GAMMA SRL
    9. nVent Hoffman
    10. RITTAL GMBH & CO. KG
    11. Schneider Electric SE
    12. ZANARDO S.P.A  
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