Genset Enclosure Market

Segmentation by Material Type (Metallic, and Non-Metallic); by Enclosure Type (Wall-Mounted, Floor-Mounted, and Underground); and by Industry Vertical (Power Generation & Distribution, Oil & Gas, Mining, Medical, Pulp & Paper, Food & Beverages, Transportation, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3717 | Published On: Feb 07, 2023
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Global Genset Enclosure Market Regional Synopsis

On the basis of geographical analysis, the global genset enclosure market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the growing investments in power generation sector, especially in China and India, and development of vast road and rail networks in the region. Moreover, the market in North America is evaluated to grab the largest share during the forecast period ascribing to the increasing industrial automation and smart home integration, and high awareness levels about energy conservation in the region. In addition, growing advancements regarding smart devices is also projected to fuel the region’s market growth in the region. For instance, as of February 2021, more than 84 percent of adults in the United States own a smartphone, up from about 80 percent in February 2019, and 75 percent in January 2018, respectively.

Genset Enclosure Market

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The global genset enclosure market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Genset Enclosure Market
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Major Macro-Economic Indicators Impacting the Market Growth

Electricity Consumption

In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Market Segmentation

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

By Material Type

  • Metallic

  • Non-Metallic

By Enclosure Type

  • Wall-Mounted
  • Floor-Mounted
  • Underground

By Industry Vertical

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

Growth Drivers

  • Growing Power and Industrial Infrastructure
  • Rising Need for Protection of Workplace and Workforce Worldwide


  • Low Awareness about Benefits of Genset Enclosure in Undeveloped Regions

Electricity Demand
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Top Featured Companies Dominating the Market

    • 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

In The News

  • July 2020- Hitachi completed the acquisition of a majority stake in ABB Power Grids in a deal worth USD 7.8 billion, for tackling clean energy integration and distributed energy digitization of the power industry.

  • July 2019- nVent signed an agreement to acquire Eldon, a privately held European-based enclosures business, for a cash purchase price of approximately USD 130 million.

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the genset enclosure market?

Ans: The major factors driving market growth are growing power and industrial infrastructure, and rising need for protection of workplace and workforce worldwide.

2) What would be the CAGR of genset enclosure market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the genset enclosure market growth?

Ans: Low awareness about benefits of genset enclosure in undeveloped regions is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of genset enclosure market in future?

Ans: Asia Pacific will provide more business opportunities for market growth owing to the growing investments in power generation sector, especially in China and India, and development of vast road and rail networks in the region.

5) Who are the major players dominating the genset enclosure market?

Ans: The major players in the market are Schneider Electric, ABB, Ltd., Emerson Electric Company, Hubbell Inc., Rittal GmbH & Co. KG, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the genset enclosure market?

Ans: The market is segmented by material type, enclosure type, industry vertical, and by region.

8) Which segment captures the largest market size in the material type segment in the genset enclosure market?

Ans: The non-metallic segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

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