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)
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Mounting Type, Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
France, Germany, Italy, Spain, United Kingdom
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
- ABB Ltd.
- CUBIC-MODULSYSTEMA/S
- DELVALLE BOX
- ElectrixInternational Ltd.
- ETA S.P.A.
- EURO INOX QUALITYSRL
- Ilinox SRL
- MP GAMMA SRL
- nVent Hoffman
- RITTAL GMBH & CO. KG
- Schneider Electric SE
- ZANARDO S.P.A
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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