Rising Industrialization to Reflect Positively on the US Electric Enclosure Market

The US electric enclosure market is estimated to grow at a CAGR of 4.6% during the forecast period. Rising industrialization is one of the key factors accelerating the adoption of electric enclosures in the country. The US manufacturers are considered as one of the major adopters of Industry 4.0. Owing to the early adoption of trending technologies, including big data, IoT, DevOps, and Mobility, US manufacturers are eager to incorporate IoT technologies in their manufacturing processes. The increasing number of small and medium enterprises (SMEs) and growing digitization in manufacturing by large organizations have led to the growth of Industry 4.0 in the US manufacturing sector. 

Browse the full report description US Electric Enclosure Market Size, Share & Trends Analysis Report, By Material (Metallic and Non-Metallic), By Vertical (Energy and Utilities, Industrial, IT and Telecommunication, Process Industries, and Other) and Forecast, 2020-2026 at https://www.omrglobal.com/industry-reports/us-electric-enclosure-market

Apart from large organizations, SMEs in the US are significantly focusing on combining new technologies into their current systems, which in turn, is paving the way for Industry 4.0 in the country.  In industrial applications, enclosures are optimized for use for particularly fulfilling the requirements of the IoT and Industry 4.0. Electronic systems are significantly distributed all over the smart factory for interoperability, decentralized decision making, and information transparency. Enclosures offer an easier and faster assembly and greater flexibility, enhanced safety, and component installation.

Scope of the US Electric Enclosure Market

Market Coverage

• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Material and Vertical
• Competitive Landscape- Eaton Corp., Hubbell Inc., Emerson Electric Co., ABB Ltd., and Schneider Electric SE

Recent Strategic Initiatives in the US Electric Enclosure Market

• In May 2019, Toshiba Mitsubishi-Electric Industrial Systems Corp. (TMEIC) declared the launch of the TMdrive-Guardian. It is an outdoor enclosure for its renowned TMdrive-MVe2 medium voltage (MV) variable frequency drive (VFD). This is a self-sufficient enclosure that avoids the requirement of the house the drive in a temperature-controlled industrial control building or E-house. 
• In May 2019, Rittal launched the AX and KX enclosures that are fixed with digital processes. This new range delivers easier, increased safety, greater flexibility, and component installation, and faster assembly. These are redesigned with the principles of Industry 4.0.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

US Electric Enclosure Market-Segmentation

By Material

• Metallic
• Non-Metallic

By Vertical

• Energy and Utilities 
• Industrial (Automotive and Manufacturing)
• IT and Telecommunication
• Process Industries
• Others