Europe Stainless Steel Electrical Enclosures Market to Grow at a CAGR of 9.5% to reach US$ 550.30 Million from 2020 to 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)

Publication Month: Jun 2020 | Report Code: TIPRE00011850 | No. of Pages: 132 | Category: Electronics and Semiconductor | Status: Published
Covid

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)

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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

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Stainless Steel Electrical Enclosures Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        Europe – PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Stainless Steel Electrical Enclosures–Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Demand for Electrical Enclosures in Renewable Energy Sector

5.1.2        Imposition of Stringent Safety Regulations by Governments

5.2         Market Restraints

5.2.1        Use of Nonmetallic Materials in Electrical Enclosures

5.3         Market Opportunities

5.3.1        Growing Importance of Industry 4.0

5.4         Future Trends

5.4.1        Growing TrendToward Process Automation

5.5         Impact Analysisof Drivers and Restraints

6.           Stainless Steel Electrical Enclosures Market – Europe Analysis

6.1         EuropeStainless Steel Electrical Enclosures Market Overview

6.1.1        Europe:Stainless Steel Electrical Enclosures Market – Revenue and Forecast to 2027(US$ Million)

6.2         MarketPositioning – Five Key Players

7.           Stainless Steel Electrical Enclosures Market Analysis  By Mounting Type

7.1         Overview

7.2         Stainless SteelElectrical Enclosures Market Breakdown, by Mounting Type, 2019 & 2027

7.3         Wall–Mounted

7.3.1        Overview

7.3.2        Wall–MountedMarket Revenue and Forecast to 2027 (US$ Million)

7.4         Free–Standing

7.4.1        Overview

7.4.2        Free–StandingMarket Revenue and Forecast to 2027 (US$ Million)

7.5         Other MountingTypes

7.5.1        Overview

7.5.2        Others MarketRevenue and Forecast to 2027 (US$ Million)

8.           Stainless Steel Electrical Enclosures Market Analysis – By Industry

8.1         Overview

8.2         Stainless SteelElectrical Enclosures Market Breakdown, by Industry, 2019 & 2027

8.3         Food &Beverages

8.3.1        Overview

8.3.2        Food &Beverages Market Revenue and Forecast to 2027 (US$ Million)

8.4         Medical &Pharmaceuticals

8.4.1        Overview

8.4.2        Medical &Pharmaceuticals Market Revenue and Forecast to 2027 (US$ Million)

8.5         Energy &Power

8.5.1        Overview

8.5.2        Energy &Power Market Revenue and Forecast to 2027 (US$ Million)

8.6         Logistics &Transportation

8.6.1        Overview

8.6.2        Logistics &Transportation Market Revenue and Forecast to 2027 (US$ Million)

8.7         Oil & Gas

8.7.1        Overview

8.7.2        Oil & GasMarket Revenue and Forecast to 2027 (US$ Million)

8.8         Others

8.8.1        Overview

8.8.2        Others MarketRevenue and Forecast to 2027 (US$ Million)

9.           Stainless Steel Electrical Enclosures Market Revenue and Forecast to2027 – Country Analysis

9.1         Europe:Stainless Steel Electrical Enclosures Market, By Country

9.1.1.1          Germany:Stainless Steel Electrical Enclosures Market – Revenue and Forecast to 2027 (US$Million)

9.1.1.1.1          Germany:Stainless Steel Electrical Enclosures Market, by Mounting Type

9.1.1.1.2          Germany:Stainless Steel Electrical Enclosures Market, by Industry

9.1.1.2          France:Stainless Steel Electrical Enclosures Market – Revenue and Forecast to 2027(US$ Million)

9.1.1.2.1          France:Stainless Steel Electrical Enclosures Market, by Mounting Type

9.1.1.2.2          France:Stainless Steel Electrical Enclosures Market, by Industry

9.1.1.3          Italy:Stainless Steel Electrical Enclosures Market – Revenue and Forecast to 2027(US$ Million)

9.1.1.3.1          Italy:Stainless Steel Electrical Enclosures Market, by Mounting Type

9.1.1.3.2          Italy:Stainless Steel Electrical Enclosures Market, by Industry

9.1.1.4          UK: StainlessSteel Electrical Enclosures Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1          UK: StainlessSteel Electrical Enclosures Market, by Mounting Type

9.1.1.4.2          UK: StainlessSteel Electrical Enclosures Market, by Industry

9.1.1.5          Spain:Stainless Steel Electrical Enclosures Market – Revenue and Forecast to 2027(US$ Million)

9.1.1.5.1          Spain:Stainless Steel Electrical Enclosures Market, by Mounting Type

9.1.1.5.2          Spain:Stainless Steel Electrical Enclosures Market, by Industry

9.1.1.6          Rest ofEurope: Stainless Steel Electrical Enclosures Market – Revenue and Forecast to2027 (US$ Million)

9.1.1.6.1          Rest ofEurope: Stainless Steel Electrical Enclosures Market, by Mounting Type

9.1.1.6.2          Rest ofEurope: Stainless Steel Electrical Enclosures Market, by Industry

10.        Impact OF COVID-19 Pandemic on Europe Stainless Steel ElectricalEnclosures Market

10.1      Europe: Impactassessment of COVID-19 Pandemic

11.        Europe Stainless Steel Electrical Enclosures Market-IndustryLandscape

11.1      Overview

11.2      Market Initiative

11.3      Merger andAcquisition

11.4      New Development

12.        Company Profiles

12.1      ABB Ltd.

12.1.1     Key Facts

12.1.2     BusinessDescription

12.1.3     Products andServices

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      CUBIC-MODULSYSTEMA/S

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products andServices

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      DELVALLE BOX

12.3.1     Key Facts

12.3.2     BusinessDescription

12.3.3     Products andServices

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      ElectrixInternational Ltd.

12.4.1     Key Facts

12.4.2     BusinessDescription

12.4.3     Products andServices

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      ETA S.P.A.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products andServices

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      EURO INOX QUALITYSRL

12.6.1     Key Facts

12.6.2     BusinessDescription

12.6.3     Products andServices

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Ilinox SRL

12.7.1     Key Facts

12.7.2     BusinessDescription

12.7.3     Products andServices

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      MP GAMMA SRL

12.8.1     Key Facts

12.8.2     BusinessDescription

12.8.3     Products andServices

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      nVent Hoffman

12.9.1     Key Facts

12.9.2     BusinessDescription

12.9.3     Products andServices

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   RITTAL GMBH & CO. KG

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

12.11   Schneider Electric SE

12.11.1  Key Facts

12.11.2  Business Description

12.11.3  Products and Services

12.11.4  Financial Overview

12.11.5  SWOT Analysis

12.11.6  Key Developments

12.12   ZANARDO S.P.A

12.12.1  Key Facts

12.12.2  Business Description

12.12.3  Products and Services

12.12.4  Financial Overview

12.12.5  SWOT Analysis

12.12.6  Key Developments

13.        Appendix

13.1      About The InsightPartners

13.2      Word Index

 


LIST OF TABLES

Table 1.             Europe Stainless Steel Electrical Enclosures Market – Revenue andForecast to 2027 (US$ Million)

Table 2.             Germany: Stainless Steel Electrical Enclosures Market, by MountingType –Revenue and Forecast to 2027 (US$ Million)

Table 3.             Germany: Stainless Steel Electrical Enclosures Market, by Industry–Revenue and Forecast to 2027 (US$ Million)

Table 4.             France: Stainless Steel Electrical Enclosures Market, by MountingType –Revenue and Forecast to 2027 (US$ Million)

Table 5.             France: Stainless Steel Electrical Enclosures Market, by Industry–Revenue and Forecast to 2027 (US$ Million)

Table 6.             Italy: Stainless Steel Electrical Enclosures Market, by MountingType –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Italy: Stainless Steel Electrical Enclosures Market, by Industry–Revenue and Forecast to 2027 (US$ Million)

Table 8.             UK: Stainless Steel Electrical Enclosures Market, by Mounting Type–Revenue and Forecast to 2027 (US$ Million)

Table 9.             UK: Stainless Steel Electrical Enclosures Market, by Industry–Revenue and Forecast to 2027 (US$ Million)

Table 10.          Spain: Stainless Steel Electrical Enclosures Market, by MountingType –Revenue and Forecast to 2027 (US$ Million)

Table 11.          Spain: Stainless Steel Electrical Enclosures Market, by Industry–Revenue and Forecast to 2027 (US$ Million)

Table 12.          Rest of Europe: Stainless Steel Electrical Enclosures Market, byMounting Type –Revenue and Forecast to 2027 (US$ Million)

Table 13.          Rest of Europe: Stainless Steel Electrical Enclosures Market, byIndustry –Revenue and Forecast to 2027 (US$ Million)

Table 14.          List of Abbreviation

 


LIST OF FIGURES

Figure 1.           Stainless Steel Electrical Enclosures Market Segmentation

Figure 2.           Europe Stainless Steel Electrical Enclosures Market Overview

Figure 3.           Stainless Steel Electrical Enclosures Market, by Mounting Type

Figure 4.           Stainless Steel Electrical Enclosures Market, By Industry

Figure 5.           Europe – PEST Analysis

Figure 6.           Europe Stainless Steel Electrical Enclosures Market – EcosystemAnalysis

Figure 7.           Stainless Steel Electrical Enclosures Market Impact Analysis ofDrivers and Restraints

Figure 8.           Europe: Stainless Steel Electrical Enclosures Market – Revenue andForecast To 2027 (US$ Million)

Figure 9.           Stainless Steel Electrical Enclosures Market Breakdown, by MountingType (2019 and 2027)

Figure 10.        Wall–Mounted Market Revenue and Forecast to 2027 (US$ Million)

Figure 11.        Free–Standing Market Revenue and Forecast To 2027 (US$ Million)

Figure 12.        Others Market Revenue and Forecast To 2027 (US$ Million)

Figure 13.        Stainless Steel Electrical Enclosures Market Breakdown, by Industry(2019 and 2027)

Figure 14.        Food & Beverages Market Revenue and Forecast to 2027 (US$Million)

Figure 15.        Medical & Pharmaceuticals Market Revenue and Forecast To 2027(US$ Million)

Figure 16.        Energy & Power Market Revenue and Forecast To 2027 (US$ Million)

Figure 17.        Logistics & Transportation Market Revenue and Forecast To 2027(US$ Million)

Figure 18.        Oil & Gas Market Revenue and Forecast To 2027 (US$ Million)

Figure 19.        Others Market Revenue and Forecast To 2027 (US$ Million)

Figure 20.        Europe: Stainless Steel Electrical Enclosures Share, By Country(2019 and 2027)

Figure 21.        Germany: Stainless Steel Electrical Enclosures Market – Revenue andForecast To 2027 (US$ Million)

Figure 22.        France: Stainless Steel Electrical Enclosures Market – Revenue andForecast To 2027 (US$ Million)

Figure 23.        Italy: Stainless Steel Electrical Enclosures Market – Revenue andForecast To 2027 (US$ Million)

Figure 24.        UK: Stainless Steel Electrical Enclosures Market – Revenue andForecast To 2027 (US$ Million)

Figure 25.        Spain: Stainless Steel Electrical Enclosures Market – Revenue andForecast To 2027 (US$ Million)

Figure 26.        Rest of Europe: Stainless Steel Electrical Enclosures Market –Revenue and Forecast To 2027 (US$ Million)

Figure 27.        Impact of COVID-19 Pandemic in Europe Country Markets


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  
  • Highlights key business priorities in orderto assist companies to realign their business strategies.
  • The key findings and recommendationshighlight crucial progressive industry trends in the Europe stainless steelenclosures market, thereby allowing players to develop effective long termstrategies.
  • Develop/modify business expansion plans byusing substantial growth offering developed and emerging markets.
  • Scrutinize In-depth European market trendsand outlook coupled with the factors driving the market, as well as thosehindering it.
  • Enhance the decision-making process byunderstanding the strategies that underpin commercial interest with respect tomounting type and end use industry.



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