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
The Founder of NostaLab and a member of the Google Health Advisory Board, John is a unique combination of strategic thinker, marketer and entrepreneur. His career was built on the "science of advertising" combining strategy, creativity and marketing for industry-leading results. Combined with his ability to communicate complicated scientific concepts in a way that consumers and scientists alike can appreciate, John is a sought-after speaker for conferences on the forefront of healthcare science,...
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Ge...
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.
"NetApp's vision is how we help organizations manage data - delivering the right data in the right place, in the right time, to the people who need it, and doing it agnostic to what the platform is," explained Josh Atwell, Developer Advocate for NetApp, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
"Our strategy is to focus on the hyperscale providers - AWS, Azure, and Google. Over the last year we saw that a lot of developers need to learn how to do their job in the cloud and we see this DevOps movement that we are catering to with our content," stated Alessandro Fasan, Head of Global Sales at Cloud Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...