Genset Enclosure Market Trends

  • Report ID: 3717
  • Published Date: Nov 29, 2023
  • Report Format: PDF, PPT

Genset Enclosure Market Trends

Growth Drivers

  • Usage of Hygiene Enclosures in the Food & Beverage Sector - Hygienic enclosures are essential components of open processes in the food industry to fulfill the highest standards for hygiene and contamination control, by guaranteeing the integrity of food products and the safety of consumers.
  • Rising Levels of Noise Pollution from Industries- Many industries employ generators as their main source of power which also contributes to noise pollution, which can cause problems for society, acoustic enclosures for these machines are a vital investment as they are constructed with soundproof materials that aid in minimizing noise pollution. For instance, industrial settings frequently have noise levels above 80 decibels (dB), which is thought to be the point at which extended exposure to noise may cause hearing impairments.
  • Need for Workplace Safety- There are portable generators at many workplaces therefore, inadequate generator safety might lead to issues such as fires from incorrectly replenishing the generator, shocks, and electrocution from improper usage of electricity.

Challenges

  • A Shift Towards Sustainable Energy Sources - With the global transition greener and more sustainable energy sources will be used more in a sustainable global electricity transition, especially wind and solar that aim to reduce the dependence on traditional backup generators which may impact the demand for genset enclosures.
  • Low Awareness about the Benefits of Genset Enclosures in Undeveloped Regions
  • Fluctuating Price of Raw Materials Affecting the Overall Production Costs

Genset Enclosure Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~6%

Base Year Market Size (2023)

~ USD 49 Billion

Forecast Year Market Size (2036)

~ USD 79 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 3717
  • Published Date: Nov 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing need for power across the globe and the growing introduction of advanced generators are the major factors driving the growth of the market.

The market size of genset enclosure is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are Schneider Electric, Emerson Electric Company, Hubbell Inc., Rittal GmbH & Co. KG, Eaton Corporation, Eldon Holding AB, Pentair Plc, AZZ Inc., Legrand SA, and others.

The non-metallic segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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