The “Electrical Enclosures: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. The global electrical enclosure market size is expected to reach US$ 6.1 billion in 2022 and reach a revised size of US$ 9.6 billion by 2030, growing at a CAGR of 5.8% during the analysis period 2022-2030 years.
The metals sector, one of the segments analyzed in the report, is expected to grow at a CAGR of 5.5% to reach US$6 billion by the end of the analysis period.
Taking into account the ongoing recovery from the pandemic, growth in the non-metallic segment has been recalibrated to a CAGR of 6.4% over the next eight years. The US market is expected to be worth US$1.9 billion, while the Chinese market is expected to grow at a CAGR of 8.9%. As the world’s second largest economy, China is expected to reach a market size of US$1.9 billion by 2030, with a CAGR of 8.9% during the analysis period from 2022 to 2030.
Other noteworthy geographic markets include Japan and Canada, which are expected to grow at 2.9% and 4.4%, respectively, between 2022 and 2030. In Europe, Germany is expected to grow at an average annual growth rate of approximately 3.9%. Select a participant (94 choices in total) -
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Post time: Nov-15-2023