Advent of Industry 4.0 to offer an opportunity for European Electric Enclosure Market

European electric enclosure market is estimated to grow at a CAGR of 4.5% during the forecast period. The advent of Industry 4.0 is offering an opportunity for the adoption of electric enclosures in the region. In February 2017, the Italian government introduced the National Industry 4.0 plan to stimulate investment in R&D programs and advanced technology. Italy distributed nearly $3.9 billion for the National Industry 4.0 plan. Enclosures aim to protect electronic control and electrical systems. In November 2018, ROLEC introduced technoDISC, which is a round plastic enclosure for application in industrial electronics. 

Browse the full report description European 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/europe-electric-enclosure-market

This enclosure is based on the ROLEC aluDISC diecast aluminum housings. ROLEC round design combines visually while utilized in applications including vehicles, industrial pipework, shipboard equipment, and among others. The technoDISC enclosure design was encouraged by the wristwatch shape, integrating round aesthetics with flat surfaces. This supports the mounting of cable glands and controls. ROLEC’s new technoDISC cases are UV-stable and sealed to IP 66 (IP 67 optional), which makes it suitable for IoT and Industry 4.0 applications both externally and internally.

Scope of the European Electric Enclosure Market

Market Coverage

• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Material and Vertical
• Regions Covered- UK, Germany, France, Spain, Italy, and Rest of Europe
• Competitive Landscape- ABB Ltd., Schneider Electric SE, Legrand SA, Rittal GmbH & Co. KG, and nVent Electric plc

Recent Strategic Initiatives in the European Electric Enclosure Market

• In September 2019, nVent Electric plc declared the acquisition of Eldon Holding AB, a European-based enclosures business. nVent offers advanced solutions for protection, connection, and management of heat in and communication equipment, critical electronics, and control and power through its nVent SCHROFF and nVent HOFFMAN brands. The acquisition of Eldon complements the nVent enclosures business. nVent has been concentrated on reinforcing its digital capabilities to serve customers with a velocity which aligns very well with this strategy.
• 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?

European Electric Enclosure Market-Segmentation

By Material

• Metallic
• Non-Metallic

By Vertical

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

European Electric Enclosure Market– Segment by Country

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