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 :
No. of Pages : 132

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

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)

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

Research Manager

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).

What are the Europe Stainless Steel Electrical Enclosures Market report deliverables?

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

Europe Stainless Steel Electrical Enclosures Market Report Snapshots

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