Genset Enclosure Market: Current Analysis and Forecast (2021-2027)

Genset Enclosure Market: Current Analysis and Forecast (2021-2027)

Genset enclosure is considered as a protective barrier for generators that are being housed outdoors, or outside of their facility. It offers weather protection to sound attenuation (soundproofing), walk-in enclosures, and other enclosure design considerations such as ventilation and temperature, space, security, fuel, and others. Factors such as the rising use of generation in industrial, commercial, and residential applications are escalating its market size. In industrial application, building designer looks for making the most use of every space within the building, moving the generator set outdoors which is most likely to require frequent maintenance for traditional gensets.

Therefore, the genset enclosure helps in ensuring complete waterproofing of generators, sound attunement, customized design, and others. In addition, the genset enclosure caters to significant demand from large-scale renovations, up-gradation of building to meet the power demands enclosure helps in improving the shelf life of the generator coupled with less maintenance ensure cost-effectiveness which in turn is further escalating its market demand across the globe.

The global Genset Enclosure market is expected to grow at a CAGR of 6% during the period 2021-2027. Factors such as growing government restrictions to reduce noise pollution, growing power demand in the industrial sector across the globe and increasing need for protection of the workforce and workplace. Along with these, rising demand for hygienic enclosures in the food and beverages industry, and escalating adoption of industrial internet of things (IIoT) enabled enclosures, are also crucial factors expected to drive market growth in the upcoming years. Furthermore, the acceptance of intelligent transport systems in the transportation vertical, and stringent government regulations regarding safety in the workplace are projected to offer profitable opportunities to the market outlook. Moreover, many key players 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.

EK Machine Co. Inc., N. S. Energy Group, Hennig Inc., KDM Steel, Apollo Power Systems Pvt. Ltd., Phoenix Products, Global Power Supply LLC, Metal Form Manufacturing LLC, Generator Source LLC, and GAL Power are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
"Based on material type, metallic segment accounted for the majority share in the market in 2020”

Based on the material type, the Genset Enclosure market is segmented into metallic and non-metallic. The metallic segment caters to extensive market share in the gensets enclosure market. It is mainly owing to its features such as metallic enclosures are stronger, and more durable than other materials. Moreover, Weather and sound attenuated enclosures are fabricated in the sheet metal of a sufficient thickness to provide a rigid canopy that does not bend or flex with normal use which in turn is escalating the market size of gensets enclosure.
"Amongst enclosure type, the wall-mounted segment is expected to witness highest CAGR during the forecast period”

Based on the enclosure type, the gensets enclosure market is segmented into well-mounted, floor-mounted, and underground. Wall-mounted segment caters extensive share of the gensets enclosure market. A wall mounting enclosure serves a double function of saving space, storing components, and safeguarding them from dirt, dust, and moisture. Moreover, wall-mounted enclosure types are generally used in industries to protect different electrical switches and terminal compartments.
"Amongst industrial vertical, power generation segment is expected to witness highest CAGR during the forecast period”

Based on the industrial vertical, the gensets enclosure market is segmented into power generation & distribution, oil and gas, mining, medical, pulp & paper, food and beverages, transportation, and others. The power generation & distribution segment acquired a considerable market share in the gensets enclosure market. Factors such as high usage of gensets casings in this industry in substations for protecting critical components and circuitry. In addition, the rising demand for electricity and energy in emerging economies is also predicted to boost the market segment’s growth in the future.
"North America to witness significant growth during the forecast period”

North America is expected to hold an extensive share in the Genset Enclosure market and is expected to grow at an influential rate in the forecasted period as well. Factors such as attributing to the growing industrial automation and smart home integration, and high awareness about energy conservation in the region. In addition, increasing industrial automation and smart home integration, and high awareness levels about energy conservation in the region are escalating the market size of genset enclosure.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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