|By PR Newswire||
|January 28, 2014 10:57 AM EST||
NEW YORK, Jan. 28, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
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.
•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.
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.
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.
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
To order this report: Analysis of the Global Enclosures and Cabinets Market in Key Process Industries
Contact Clare: [email protected]
Intl: +1 339-368-6001
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