Impact of the Coronavirus on the Thermoplastic Enclosures Market Growth, Trends and Competitive Landscape ,Future Growth Analysis and Forecast to 2030
Thermoplastic Enclosures: Introduction
- Thermoplastic enclosures are manufactured with high-quality halogen-free, recyclable polycarbonate or ABS plastic
- Use of plastic in thermoplastic enclosure offers many advantages - it is lighter than steel, has very high impact-resistance, and any dents or bumps are not as noticeable in plastic as compared to steel
- Thermoplastic enclosures have good resistance to chemical attacks and excellent insulating properties that makes it suitable for electrical and electronics enclosures
- Additionally, machining and maintenance of thermoplastic enclosures is easy, and no special tools are needed
- Thermoplastic enclosures are manufactured in compact size as well as in spacious size as per application requirement
- Thermoplastic enclosures are used for various applications including push button enclosures, electronic and instrumentation enclosures, terminal enclosures and cable junctions, power distribution enclosures, MCB boxes, and surge arrest boxes
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Rise in Demand for Thermoplastic Enclosures for Use in Electrical and Electronics Fields
- Thermoplastic enclosures are largely used in electrical industrial components and electronics components to deliver compact, robust, weatherproof, and insulated enclosures for difficult environments
- Thermoplastic enclosures provide protection to electrical wiring and other components from chemical attack, corrosion, and environmental factors
- Technological advancement in thermoplastic enclosures results in light weight, easy machining enclosures with normal tools, with good insulating properties
- Moreover, thermoplastic enclosures play an important role for junction boxes which are integral parts of a circuit protection system where circuit integrity has to be provided for emergency lighting or emergency power lines
- Furthermore, thermoplastic enclosures designed for electrical and industrial applications are rugged and dependable to withstand high flow of current
- As a result of these factors, demand for thermoplastic enclosures for electrical and electronics applications is growing, which is expected to drive the global thermoplastic enclosures market during the forecast period.
North America to Lead the Thermoplastic Enclosures Market
- In terms of region, the global thermoplastic enclosures market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- North America is anticipated to dominate the global thermoplastic enclosures market throughout the forecast period, as a large number of manufacturers of thermoplastic enclosures operate in the region
- Additionally, many well-established players based in North America are focusing on development of new technology in electrical products which is expected to boost the thermoplastic enclosures market in the region during the forecast period
- The thermoplastic enclosures market in Europe and Asia Pacific is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.
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Key Players Operating in the Global Thermoplastic Enclosures Market
The global thermoplastic enclosures market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansions to meet the rising demand for thermoplastic enclosures. Moreover, manufacturers are signing partnerships for the development of innovative products.
Key players operating in the global thermoplastic enclosures market are:
- ABB
- Amphenol Tuchel Industrial GmbH
- CommScope
- Ensto Group
- FIBOX
- Integra Enclosures, Ltd.
- Rose Systemtechnik GmbH
- Takachi Electronics Enclosure Co., Ltd.
- Trinity Touch
Global Thermoplastic Enclosures Market: Research Scope
Global Thermoplastic Enclosures Market, by Material Type
- Polycarbonate Plastic
- ABS Plastic
Global Thermoplastic Enclosures Market, by Application
- Push Button Enclosure
- Electronic and Instrumentation Enclosure
- Terminal Enclosures and Cable Junctions
- Power Distribution Enclosure
- MCB Box
- Surge Arrest Box
- Others
Global Thermoplastic Enclosures Market, by End-user
- Residential
- Commercial
- Industrial
Global Thermoplastic Enclosures Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Mexico
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
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8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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