News Feed Item

Analysis of the Global Enclosures and Cabinets Market in Key Process Industries

NEW YORK, Jan. 28, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Analysis of the Global Enclosures and Cabinets Market in Key Process Industries


Increased Safety and Regulations Spur Demand for Branded Enclosures

This research study covers the market scenario for global enclosures and cabinets in key process industries. Globally, enclosures and cabinets is a highly fragmented market and highly influenced by regional vendors owing to price competitiveness. The increased safety awareness, enhanced service aspects, and holistic solutions attract end users towards branded enclosures and cabinets which are attested by several international safety standards and supplied by very few key market participants across the globe. Market drivers, restraints, and forecasts for different geographical regions are included as is the CEO's 360 Degree Perspective. This study provides market insights using a base year of 2012 and a study period from 2009 to 2019.

Executive Summary

•The enclosures and cabinets market's size for the base year (2012) is $Xmillion, and the market is expected to grow at a compound annual growth rate (CAGR) of X% from 2012 to 2019.
•During the forecast period, the enclosures and cabinets market in oil and gas, food and beverages, and pharmaceuticals is heavily influenced by the increasing demand for automation and control solutions.
•There is an increasing need for process intelligence to support quicker ROI* and for decision making based on real-time data to be more agile in dynamic market conditions. This propels the need for end-to-end automation solutions.
•Unconventional shale gas and tight oil, followed by Canadian oil sands and deep water discoveries, triggered new opportunities in the oil and gas market.
•For hygienic industries, the evolving Food and Drug Administration (FDA) regulations necessitate the new automation infrastructure requirement.
•During the forecast period, an upswing for branded enclosures and cabinets will occur because end users started placing high priority on quality, which plays a significant role in end-user purchase behavior.
•The major tailwind-like trend toward optimization, the digital oil field, and asset management in the oil and gas industry has potential implications for branded enclosures and cabinets.
•The modernization trend, compliance to FDA regulations, increased visualization needs such as human-machine interface (HMI), and traceability requirements such as radio-frequency identification (RFID) in hygienic industries have a positive impact on investments in process automation and support the market growth for enclosures and cabinets.
•There is a increasing demand for custom enclosures with possible built-in components upfront due to tighter project schedules and cost-reduction practices.
•Hygienic industries are also anticipated to deploy more National Electrical Manufactures Association (NEMA) 4X type enclosures and at the same time to prefer aesthetic appeal.
•Though there is great regional competition, an increasing market is made possible through partnering with major end users in key markets to provide equipment protection solutions across the world by addressing the critical safety and quality standards.
•Creating awareness among end users about recent technological advances in enclosures and cabinets is projected to be a major challenge for manufacturers.

CEO's Perspective

1. There is a increasing demand for custom enclosures with possible built-in components upfront due to harsher environments and cost-reduction practices.
2. Competitive forces create an increase in the adoption of non-metallic enclosures in hygienic and outdoor applications.
3. Safety regulatory changes and new investments that drive the enclosures market should be watched out for in oil and gas, food and beverages, and pharmaceuticals.
4. Economic uncertainty looms large, as the enclosures market tends to see the effect at least 6 months before the actual recession.
5. Product pricing and closeness to end-user preferences play major roles in the enclosures market. Hence, the major participants should focus on holistic intelligent solutions.

Market Overview—Definitions

Product Definition:

Enclosures and Cabinets:
Enclosures and cabinets are industrial panels used to mount electrical or electronic equipment, switches, knobs, and displays with sufficient electrical shock-proof features to safe guard users as well as to protect the equipment from high temperatures or from a corrosive industrial environment. Apart from the equipment mounting and safety/protection purposes, enclosures and cabinets are also designed to be aesthetically pleasing. Many regulations dictate the features and performance of enclosures for electrical equipment in hazardous areas, such as petrochemical plants and coal mines. A typical standard might dictate the ratings for enclosures and cabinets that provide protection against environmental hazards such as water, dust, oil, or coolant, or atmospheres containing corrosive agents such as acetylene or gasoline.

End-user Definitions:

Oil and Gas:
The oil and gas industry encompasses all companies involved in the exploration, production, and transportation of oil and gas. This includes the upstream, midstream, and downstream processes.

This sector includes establishments primarily engaged in manufacturing biological and medicinal products; processing (grading, grinding, and milling) botanical drugs and herbs; isolating active medicinal principles from botanical drugs and herbs; and manufacturing pharmaceutical products intended for internal and external consumption in forms, such as ampoules, tablets, capsules, vials, ointments, powders, solutions, and suspensions.

Food and Beverages:
The food segment consists of manufacturing plants that produce food products for immediate or final consumption. This includes (but is not limited to) industries involved with live stock or agricultural-based foods, baked goods, confectionary items. The beverage segment consists of manufacturers of all forms of alcoholic and non-alcoholic beverages.

Key Questions This Study Will Answer

Is the market growing, how long will it continue to grow, and at what rate?
Are the existing competitors structured correctly to meet customer needs?
Is this an industry or a market? Will these companies/products/services continue to exist, or will they get acquired by other companies? Will the products/services become features in other markets?
What are the top requirements customers in the enclosures and cabinets market are looking for?
Are the products/services offered today meeting customer needs, or is there additional development needed?
Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?

Table of Contents

1. Executive Summary
2. Market Overview
3. Total Enclosures and Cabinets Market for Key Process Industries
o External Challenges: Drivers and Restraints
o Forecasts and Trends
o Market Share and Competitive Analysis
o Mega Trends and Industry Convergence Implications
4. CEO's 360 Degree Perspective
5. NA Breakdown
6. EMEA Breakdown
7. APAC Breakdown
8. ROW Breakdown
9. Forecast Period Trends—From an Analyst's Viewpoint
10. The Last Word
11. Appendix

To order this report: Analysis of the Global Enclosures and Cabinets Market in Key Process Industries

Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001

SOURCE Reportlinker

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
@DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises - and delivering real results.
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
"We started a Master of Science in business analytics - that's the hot topic. We serve the business community around San Francisco so we educate the working professionals and this is where they all want to be," explained Judy Lee, Associate Professor and Department Chair at Golden Gate University, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.