Welcome!

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

http://www.reportlinker.com/p01983342/Analysis-of-the-Global-Enclosures-and-Cabinets-Market-in-Key-Process-Industries.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Office_and_Storage_Furniture

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.

Pharmaceuticals:
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
http://www.reportlinker.com/p01983342/Analysis-of-the-Global-Enclosures-and-Cabinets-Market-in-Key-Process-Industries.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Office_and_Storage_Furniture

__________________________
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
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for s...
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, discussed how VPaaS enables you to move fast, creating scalable video experiences that reach your aud...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.