The global plastic enclosures market was valued at USD 2,003 Million in 2019 and is projected to reach USD 2,714 Million by 2027, expanding at a CAGR of 4.9% during the forecast period. Plastic enclosures are designed to protect sensitive electronic & electrical components, medical components, and other devices or components. According to the National Electrical Manufacturers Association (NEMA), an enclosure is a cabinet designed for providing the personnel with some protection against incidental contact with the enclosed equipment and specified environmental conditions. The plastic enclosure market is driven by rising investments in the electrical engineering & electronics industry in several countries, increasing demand for industrial Internet of Things (IoT) devices and applications, and growing urbanization in developing countries. However, low recycling capabilities for plastics and increasing carbon footprint globally are anticipated to hamper the market during the forecast period.
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Market Dynamics
Drivers
Market dynamics are changing rapidly in the electrical engineering & electronics industry. According to statistics, globally, the industry was valued around USD 5.0 trillion. China generated approximately 40% of the global revenues from the electrical engineering and electronics industry. This has created a surge in an increase in competitive establishments in the electrical engineering and electronics industry. This rise in the number of industry participants has fueled the demand for electrical plastic enclosures, as these engineered cases play a pivotal role in protecting electronics and electrical components.
Plastic enclosures are used to accommodate sensors used in the networking of IoT devices to make them work effectively. The industrial IoT significantly impacts the companies’ ability to manage the data and functions efficiently. Several countries are continuously investing in IoT technologies. According to statistics, the US invested around USD 194 billion in 2019, followed by China ranking second with a total investment of USD 182 billion. This high usage of IoT devices among industries is expected to boost the market.
Restraints
Carbon footprint is a major concern globally and is expected to be a major factor hindering the market. Plastics enclosures negatively impact and cause climatic change. The production and disposal of plastic emits significantly high amounts of greenhouse gases (GHG), especially during its incineration. Plastic is a non-biodegradable material that can harm the environment and cause pollution. Manufacturing of plastics enclosures creates large quantities of GHG. To overcome this issue, several manufacturers and industries are adopting metal- or alloy-based plastic enclosures.
Opportunities
Advancements in the robotics and automation sectors in several developing countries are creating several opportunities in the global market. Increasing automation investments in countries such as China and Singapore, which in turn, has influenced other developing nations to increase their investments. The emergence of several local players in many countries due to favoring government reforms is also expected to create significant growth opportunities in the global market.
Segmental Outlook
On the basis of types, the global plastic enclosures market is categorized as hand-held enclosures, free standing enclosures, wall-mount enclosures, desk-top enclosures, and others. The wall-mount enclosures segment is expected to hold 26.8% share of the global market. The hand-held enclosures segment is projected to expand at a considerable pace of 5.8% during the forecast period.
Based on materials, the market is classified as ABS, acrylic, polystyrene, foamed/expanded PVC, polycarbonate, polyamide, and others. The ABS segment accounts for a major share of the market while the polycarbonate segment is anticipated to expand at a high CAGR of 5.7% during the forecast period.
On the basis of verticals, the plastic enclosures market is classified into power generation & distribution, oil & gas, metals & mining, medical, food & beverage, transportation, and others.
Rise in the consumption of electricity in the recent few years is propelling investments in the power generation and distribution industry across several regions. According to statistics, the worldwide energy generation grew from 24.8 trillion kilowatt hours (kWh) in 2018 to approximately 44.3 trillion kWh by 2050. Surge in consumption of electricity and distribution of electricity is expected to fuel the demand for plastic enclosures, thus driving the growth of the plastic enclosure market.
Regional Outlook
Based on regions, the plastic enclosures market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to account for a large share of the global market and is expected to grow at a substantial pace during the forecast period.
The high growth of the plastic enclosure market in Asia Pacific is attributed to rising investments in the power generation & distribution industry by several countries including China, India, and Japan. Presence of several major plastic producers in the region is a key factor propelling the market in the region.
The market North America is expected to hold a significant share of the market due to increasing industrial automation and smart cities integration in the region. Additionally, the growth of the oil & gas sector in the region is increasing demand for plastic enclosures in the region.
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The newly added Plastic Enclosures Market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Plastic Enclosures Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/plastic-enclosures-market/download-sampleMarket DynamicsThe increasing demand for the electrical appliance is primarily driving the market growth.
Plastic enclosures are last longer if they are used in an appropriate environment, which is again accelerating market growth.
The market is also gaining growth because plastic enclosures don’t conduct electricity, which is an important feature for electric storage and use near water.
Recently published a report entitled Plastic Enclosures Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The entire plastic enclosures market has been sub-categorized into product type and application.
The report provides an analysis of these subsets with respect to the geographical segmentation.
This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Global Plastic Enclosures Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/plastic-enclosures-market/download-sampleBy Product TypeHand-Held EnclosuresKey-Fob EnclosuresWall-Mount EnclosuresDesk-Top EnclosuresBy ApplicationElectrical DevicesMedical DevicesControl DevicesOthersThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the plastic enclosures market include BOPLA, BR Enclosures, Hammond Manufacturing, OKW, Polycase, ROLEC Gehäuse-Systeme, Takachi Electronics Enclosure and Unibox Enclosures.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for plastic enclosures market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Global Aircraft Enclosures Market Research Report: Information by Aircraft Type (Commercial, Military, Regional and others), Material (Aluminum, Composite and others), Process (Injection Molding, Stamping and others), Application (In-Flight Entertainment, Avionics, Embedded Computing and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) — Forecast till 2025Market HighlightsThe growth of the global aircraft enclosures market can be attributed to a growing emphasis on passenger and aircraft safety and increasing air passenger traffic.
Furthermore, stringent government regulations pertaining to aircraft enclosures are bolstering market growth.
For example, the US Federal Aviation Administration (FAA) provides guidelines regarding installing electrical boxes on aircraft.The enhanced safety offered by aircraft enclosures against electrical accidents is expected to drive market growth.
However, rising fuel prices and the backlog in new commercial aircraft deliveries may hamper the growth of the market.For free sample: http://bit.ly/31krTGHRead on marketresearchfuture.comIn terms of region, the global aircraft enclosures market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
North America accounted for a dominant share of the market in 2018.
However, the market in Asia-Pacific is projected to register the highest CAGR during the forecast period.The growing demand for new aircraft in the region to cater to the rising air passenger traffic is expected to drive the growth of the aircraft enclosures market in Asia-Pacific.
Modular Enclosures Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Modular Enclosures industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Modular Enclosures manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Modular Enclosures market covering all important parameters.The key ponits of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of Modular Enclosures industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019-2024 market development trends of Modular Enclosures industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of Modular Enclosures Industry before evaluating its feasibility.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-modular-enclosures-2019-2024-703There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of Modular Enclosures as well as some small players.
At least 9 companies are included: Eckel Industries Eaton Altinkaya Enclosures Ralston Metal Products To know more competitorThe information for each competitor includes: Company Profile Main Business Information SWOT Analysis Sales, Revenue, Price and Gross Margin Market ShareFor product type segment, this report listed main product type of Modular Enclosures market in gloabal and china.Modular Metal EnclosuresModular Non Metallic EnclosuresFor end use/application segment, this report focuses on the status and outlook for key applications.
Energy and Power Commercial and Industrial OthersReasons to Purchase this Report: Estimates 2019-2024 Modular Enclosures market development trends with the recent trends and SWOT analysis Market dynamics scenario, along with growth opportunities of the market in the years to come Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
