Analysis of the Global Enclosures and Cabinets Market in Key Process Industries
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 $million, and the market is expected to grow at a compound annual growth rate (CAGR) of % 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.
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