Genset Enclosure Market Size & Share, by Material Type (Metallic, Non-Metallic); Enclosure Type (Wall-Mounted, Floor-Mounted, Underground); Industry Vertical (Power Generation & Distribution, Oil & Gas, Mining, Medical, Pulp & Paper, Food & Beverages, Transportation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

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

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Genset Enclosure Market size is poised to reach USD 79 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of genset enclosure was USD 49 Billion. The reason behind the growth is due to the increasing need for power across the globe. For companies whose operations depend on generators, generator enclosures are essential equipment to ensure that the generator operates safely and continues to supply electricity to the business. According to estimates, over the past 50 years, global power consumption reached over 25,000 terawatt-hours in 2022.

The growing introduction of advanced generators is believed to fuel the market growth. For instance, in February 2023 Caterpillar introduced Cat XQ330 mobile diesel generator set powered by the Cat C9.3B diesel engine equipped with numerous rental-ready features and the EMCP 4.4 digital control panel to enable remote tracking and management of the generator by combining all generator set controls and system indications into a single interface while adhering to strict emissions regulations.


Genset Enclosure Market
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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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Genset Enclosure Market: Growth Drivers and Challenges

Market-Growth-Drivers

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 Segmentation

Material Type (Metallic, Non-Metallic)

Genset enclosure market from the non-metallic segment is estimated to gain a robust revenue share of 55% in the coming years owing to the high demand for power in hospitals. Compared to other commercial facilities, hospitals use a lot more energy as they are open around the clock. Moreover, the amount of energy used in hospitals is continuously rising since the most fundamental amenities in healthcare facilities, such as clean water supply and lighting and communication, Air conditioning systems, lighting, electromedical devices, safety systems, information and communications technology (ICT) systems, depend on electricity for operation. These factors have increased the need for backup generators in hospitals as abrupt loss of electricity has the potential to be disastrous, endangering the lives of patients. As a result, the demand for non-metallic genset enclosures may rise as they offer better corrosion and ensure the reliable operation of medical equipment. For instance, the average yearly energy intensity of US hospitals is more than 735 kWh/m2.

Industry Vertical (Power Generation & Distribution, Oil & Gas, Mining, Medical, Pulp & Paper, Food & Beverages, Transportation)

The power generation & and distribution segment in the genset enclosure market is set to garner a notable share shortly on account of frequent power outages in remote areas. In rural locations power outages occur more frequently which may have a major negative social and economic impact on communities. Moreover, long low-tension lines that cross wide fields in rural areas are a common cause of power outages in these areas.

Therefore, it is imperative to have backup power generators in rural places that can start during power outages to carry the load in isolated locations disconnected from the national grid. This necessitates the use of genset enclosures as it offers the generator set full protection, including weatherproof, noise, and fireproof qualities.

Enclosure Type (Wall-Mounted, Floor-Mounted, Underground)

The wall-mounted segment is projected to gain a strong market share during the forecast timeframe. Genset enclosures are usually placed four walls above generators, to secure various electrical switches and to protect components from moisture, dust, and filth.

Our in-depth analysis of the global market includes the following segments:

          Material Type

  • Metallic
  • Non-Metallic

          Enclosure Type

  • Wall-Mounted
  •  Floor-Mounted
  • Underground

          Industry Vertical

  • Power Generation & Distribution
  • Oil & Gas
  • Mining
  • Medical
  •  Pulp & Paper
  •  Food & Beverages
  • Transportation

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Genset Enclosure Industry - Regional Synopsis

North American Market Forecast

Genset enclosure market in North America is predicted to account for the largest share of 45% by 2036 impelled by the presence of a huge number of data centers. The largest single region in the world for connectivity and cloud computing today is the United States, with data centers throughout North and South America offering the most secure platform for hybrid data. These data centers typically consume a lot of electricity which is roughly ten times what an average American home uses for electricity. For instance, in 2020, the data centers in the United States used over 72 billion kWh. As a result, there is a heightened need for backup generators to maintain the continuous supply of power for data centers in the event of a power outage. According to estimates, with more than 5,370 data centers as of 2023, the United States leads all other countries in the globe.

APAC Market Statistics

The APAC genset enclosure market is estimated to be the second largest, during the forecast timeframe led by the presence of government initiatives to maintain workplace safety. The Indian government is dedicated to putting the national policy on workplace safety, and health, to give the workers a secure place to work. For instance, the Factories Act, of 1948, primarily addresses the health, safety, and welfare of workers inside factories by establishing rules and precautions for operating machines and adhering to them strictly.

Research Nester
Genset Enclosure Market size
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Companies Dominating the Genset Enclosure Landscape

top-features-companies
    • ABB, Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Schneider Electric
    • Emerson Electric Company
    • Hubbell Inc.
    • Rittal GmbH & Co. KG
    • Eaton Corporation
    • Eldon Holding AB
    • Pentair Plc
    • AZZ Inc.
    • Legrand SA
    • Integrated Power Services (IPS)

In-the-news

In The News

  • ABB, Ltd. Announced to supply shaft generator systems including six 14,000 twenty-foot equivalent (TEU) vessels and four 16,000 TEU vessels. for containerships of China-based Cosco Shipping Heavy Industry to help Cosco vessels achieve the necessary efficiency levels by contributing to a 1% increase in fuel efficiency.
  • Schneider Electric teamed up with Hitachi Energy to guarantee benefits for clients across their operational life cycle, such as a more comprehensive offering, a reinforced supply chain, and increased efficiency by expediting the deployment of sustainable and intelligent energy management solutions.

Author Credits:  Payel Roy, 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.
Genset Enclosure Market Report Scope
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