About Reefer Container Genset
Reefer containers also known as refrigerated containers, are used to transport perishable goods like fruits, vegetables, meat, and dairy products at controlled temperatures. The genset is an essential part of these containers as it provides the necessary power to maintain these temperature conditions during transit, particularly when they are being shipped over long distances or are moved to areas with limited access to electricity. The Reefer container Genset market holds immense potential for growth in the coming years. By addressing the potential challenges and capitalizing on the growth drivers, manufacturers and stakeholders can play a crucial role in shaping the future of this dynamic market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The reefer container genset market is expected to witness steady growth due to the rising demand for perishable goods and the need for reliable cold chain solutions. Innovation in technology, sustainability, and integration will be key drivers for future success in this competitive landscape. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Reefer Container Genset market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thermo King (United States), Daikin Industries, Ltd. (Japan), Star Cool Refrigeration Co., Ltd. (China), Eneria (Denmark), Trane Technologies plc (Ireland), Kobelco Eco Solutions Co., Ltd. (Japan), Zanotti S.p.A. (Italy), Intermodal Reefer Services, Inc. (United States), Thermocold Australia Pty Ltd (Australia) and Zhejiang Huaxing Compressor Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Shandong Lingtong Refrigeration Equipment Co., Ltd. (China), Hwasung Thermoindo (South Korea), Mitsubishi Heavy Industries, Ltd. (Japan), CR Carrier Refrigeration International Corp. (United States) and Coldtainer Australia Pty Ltd (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Reefer Container Genset market by Type (Undermount Generator and Clip On Generator) and Region.
On the basis of geography, the market of Reefer Container Genset has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Dimension, the sub-segment i.e. Reefer 20' will boost the Reefer Container Genset market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Food & Beverage Industry will boost the Reefer Container Genset market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing demand for fuel efficient Genset
Market Growth Drivers:
Rising demand of Perishable foods and Rising demand for Pharmaceutical Drugs
Challenges:
Lack of skilled technicians
Restraints:
High Initial Investment
Opportunities:
Growing focus on Smart & Connected Gensets and Growing adoption of intermodal transportation
Market Leaders and their expansionary development strategies
In October 2022, Oia Trans collaborates with Genmark in Genset technology for refrigerated containers. This collaboration offers innovative and efficient solutions for the transport of perishable goods, ensuring the maintenance of optimal temperatures throughout the transport route.
In April 2021, Thermo King launched the SG-5000, the next generation generator set for marine containers. Available in both clip-on and under-mount configurations, the SG-5000 can power all ISO reefers on the market and ensure complete temperature control and protection of the refrigerated cargo.
Key Target Audience
Manufacturing Companies, Potential Investors, Market Research & Consultancy Firm, Government & Regulator Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.