Reefer Container Genset Market Analysis

Global Reefer Container Genset Market Overview

The Reefer Container Genset Market is projected to register healthy growth during the forecast period, 2022–2030. The market was valued at USD 3,844.6 million in 2022 and is projected to register a CAGR of 10.8% to reach USD 8,715.6 million by the end of 2030. Gensets are diesel generators made especially for powering refrigerated containers. We provide generator sets for hire to power reefers in off-grid places or, alternatively, to use reefers on trucks to carry perishable cargo. A reefer container's refrigeration system is powered by an external generator called a genset (generator set). When reefer containers need to be kept or carried on a ship, rail, or truck and need an external power source, gensets are frequently employed. With reefer containers, generator sets are also quite helpful. For reefer containers that need to be heated or cooled, many ships will incorporate a power source. However, gensets offer a backup method of powering the heating or cooling system for extremely delicate items that might spoil outside of a specific temperature range.

Reefer Container Genset Market Trends

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  Growing Demand for Reefer Container Gensets Driven by Increasing Global Trade in Perishable Goods

  
  

The demand for reefer container gensets has been experiencing a significant upswing, primarily driven by the increasing global trade in perishable goods. Reefer container gensets, also known as refrigerated container gensets or reefers, are specialized power generators that provide temperature control and power supply to refrigerated containers during transportation. These containers are widely used to transport perishable goods such as fruits, vegetables, dairy products, meat, seafood, and pharmaceuticals, among others. With globalization and the liberalization of trade, the movement of perishable goods across borders has surged. The ability to transport perishable items over long distances without compromising their quality and freshness has become crucial for businesses. Reefer container gensets play a vital role in ensuring that these goods remain at the required temperature throughout the transportation process, preserving their quality and extending their shelf life.

Changing consumer preferences and dietary habits have also fueled the demand for reefer container gensets. As consumers increasingly seek fresh produce and high-quality perishable products year-round, the need for efficient cold chain logistics has grown. Reefer container gensets enable the transportation of perishable goods across continents, ensuring that consumers can access fresh produce regardless of seasonal limitations. This trend is particularly evident in the global market for fresh fruits and vegetables, as well as the seafood and meat industries, the increasing emphasis on food safety and regulatory compliance has bolstered the demand for reefer container gensets. Governments and international organizations have implemented stringent regulations to ensure the safety and quality of perishable goods during transportation. Maintaining the required temperature range throughout the journey is critical to prevent spoilage, contamination, and the proliferation of harmful bacteria. Reefer container gensets offer precise temperature control and monitoring capabilities, allowing businesses to comply with these regulations and meet the highest standards of food safety.

In conclusion, the growing demand for reefer container gensets can be attributed to several factors. The increasing global trade in perishable goods, changing consumer preferences, stringent food safety regulations, the rise of e-commerce, and the industry's focus on sustainability have all contributed to the market's growth. As the demand for fresh and high-quality perishable products continues to rise, the reliance on efficient cold chain logistics and reliable reefer container gensets is set to increase. The industry's ongoing efforts to develop greener and more technologically advanced solutions will further drive innovation and market expansion in the coming years.

Reefer Container Genset Market Segment Insights

Reefer Container Genset Market by Product Type Insights

Based on product type, the reefer container genset market has been divided into undermount reefer generator and clip on generator. The clip-on generator segment dominated the market in 2022 and is expected to exhibit the highest CAGR during the assessment period. Clip-on generators can be put on the reefer container, making it more adaptable. Mounting and replacement take only a few minutes. As a result, a clip-on generator is the ideal solution for refrigerated containers being carried by ship, truck, or rail, as well as storage in locations with no power connection. A clip-on generator weighs around 800 kg. Both types of generators are frequently outfitted with controllers or remote monitoring to ensure smooth operation and low energy use. Some of its features include being put on reefers, being the most often used genset, and having a quick clip-on system.

Reefer Container Genset Market by Type Insights

The Reefer Container Genset Market Segmentation by type into 20 ft reefer, 40 ft reefer and others. The 40 ft reefer segment dominated the market in 2022 whereas the others segment is expected to exhibit the highest CAGR during the assessment period. A 40ft high cube reefer container is a container with refrigeration for transporting fruit, vegetables, or other items that must remain cool during transport or storage. These high cube reefer containers are ideal for refrigerated storage and transportation since they include a cooling unit. The reefer's thermostat can be used to establish the proper temperature. The 40-foot new reefer container or also called 12m reefer refrigerated container, is frequently utilized for the activity of storing fresh products. The 40 ′ refrigerated container operates with a 380V outlet. It is outfitted with gear that operates at temperatures ranging from +25 ° C to -25 ° C. The dimensions and capacity of reefer containers (refrigerated containers) may vary depending on the container manufacturer, the age of the container and the container owner.

Reefer Container Genset Market by Application Insights

Based on the application, the reefer container genset market has been divided into dairy products, medicine, sea food and others. The medicine segment that dominated the market in 2021 is expected to exhibit the highest CAGR during the assessment period. Drugs and pharmaceuticals are typically carried in a reefer container. Every year, pharmaceutical companies lose millions of dollars due to cold chain failures. As a result, medicines must be stored at low temperatures. Reefer containers were crucial in the Covid-19 problem. As the nation’s went into lockdown, reefer containers allowed medicines and vaccines to be shipped wherever they were needed. Reefers are one of the most significant container types since they are designed to transport such temperature-sensitive commodities. Hundreds of companies rent and sell containers. As pharmaceutical companies continue to suffer from cold chain losses, dependable cold chain transport has become critical. Temperature variations cause approximately 4% of medications to arrive at their destination unusable. Wasted goods cost businesses hundreds of thousands of dollars. As a result, pharmaceutical shipping businesses need invest in transport containers that can maintain the precise temperatures required for their contents.

Reefer Container Genset Market Regional Insights

The regions included in the study are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is anticipated to dominate the reefer container genset market in 2022 and is anticipated to exhibits the highest CAGR during forecast period. The Asia Pacific region is expected to offer key growth opportunities in the reefer container generator market during the forecast period. The growth attributes of the increasing amount of trade made by the region, the burgeoning trade for seaborne perishable reefer cargo, and the snowballing technical developments in fleet management to improve productivity and lower costs all contribute to the region's growth. Most of the countries in the region also have several inland and seaports, which help to expand the market. The reefer container market was dominated by Asia-Pacific (APAC), and it will remain so through 2030. The region's expanding population, which is boosting trade volumes, is to blame for this. The busiest ports in the world right now are all found in APAC: Shanghai, Singapore, Hong Kong, Tianjin, Qingdao, Guangzhou, Busan, Ningbo-Zhoushan, and Shenzhen. As a result, trade channels are increasingly focused on Asian nations to capitalize on the demand. As a result, trade routes have increasingly become directed toward Asian countries to make the most of the demand for various products.

Reefer Container Genset Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Reefer Container Genset Market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Reefer Container Genset Market industry must offer cost-effective products to expand and survive in an increasingly competitive and rising market environment.

Some of the key players operating in the Reefer Container Genset Market are Thermo King (US), Taylor Power Systems, Inc (US), MPMC Powertech Corp (MPMC) (China), Xiamen GTL Power System Co., Ltd (GTL) (China), Kanpor Electrical Machinery Co.,Ltd. (China), Almar Container Group (South Africa), Shanghai CIMC Generating Set Co., Ltd. (China), Fuan Karlier Power Co., Ltd.  (China), Zhejiang Universal Machinery Co., Ltd.  (China) and Denyo Co., Ltd. (Japan). To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.

Thermo King is an American manufacturer of transport temperature control systems for trucks, trailers, marine containers and railway carriages; HVAC systems for bus, shuttle and passenger rail applications; and "TriPac" hybrid auxiliary idle reduction and temperature management system for truck cabs. The company provides a full range of goods, such as refrigerated reefers that safeguard fresh, deep-frozen, and other high-value cargo, low emission, long-lasting generator sets, and cutting-edge air management systems. It has presence in Japan, Australia, Taiwan, Latin America, India, China, Japan, Korea, Ireland, Belgium, and the United States. Thermo King is a subs idiary of Trane Technologies.

Taylor Power Systems, Inc offers a full line of diesel standby generator sets ranging from 8 to 2000kW and Natural Gas/LP generators from 25 to 800kW. It offers open units, weather enclosed, and sound attenuated models with a wide variety of optional equipment and also provide a vast rental generator fleet starting at 20kW to provide reliability, optimum performance and critical power for emergency, commercial, industrial and/or construction needs. Taylor’s power pack generators are designed and engineered to provide reliable and versatile alternatives to conventional underground or ship supplied power sources while rail pack generators provide reliable power for up to 10 containers under continuous operation and high ambient conditions. Taylor Power's newest reefer generator line combines company’s tested and proven design with an EPA Tier 4 Final and CARB emissions compliant engine.

Key Companies in the Reefer Container Genset Market includes

• Thermo King (US)


• Taylor Power Systems, Inc (US)


• MPMC Powertech Corp (MPMC) (China)


• Xiamen GTL Power System Co., Ltd (China)


• Kanpor Electrical Machinery Co.,Ltd. (China)


• Almar Container Group (South Africa)


• Shanghai CIMC Generating Set Co., Ltd. (China)


• Fuan Karlier Power Co., Ltd. (China)


• Zhejiang Universal Machinery Co., Ltd. (China)


• Denyo Co., Ltd. (Japan)

Reefer Container Genset Industry Developments

April 2021 The innovative Container Fresh & Frozen (CFF) refrigeration systems for containers were unveiled by Thermo King. Improved temperature and humidity control, lower total cost of ownership, and industry-standard R-134A low global warming potential (GWP) refrigerant are all features of the new Thermo King CFF reefers..

August 2020 Thermo King released the "TK Tek" maritime service app. Thermo King Marine is introducing the app as its newest digital tool to serve its marine dealers and customers throughout the world. Thermo King Marine products now have simple access to service and technical information thanks to the new TK Tek app, which is essential for maintaining equipment uptime and guaranteeing that cargo is safeguarded and maintained at the right temperature..

April 2020 Thermo King unveiled the SG-5000, a maritime container's next-generation generator set. The SG-5000 can power any ISO reefer on the market and is available in clip-on and under-mount variants. It guarantees total temperature control and safety of the chilled cargo.

Reefer Container Genset Market Segmentation

Reefer Container Genset Product Type Outlook

• Undermount Reefer generator


• Clip on generator

Reefer Container Genset Type Outlook

• 20 FT reefer


• 40 FT reefer


• Others

Reefer Container Genset Application Outlook

• Dairy Products


• Medicine


• Sea Food


• Others

Reefer Container Genset Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Middle East & Africa

  
  
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  • South Africa
  
  
  • Rest of Middle East & Africa
  
  
  
  


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  South America

  
  
  
  
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    Brazil

    
    
  
  
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    Argentina

    
    
  
  
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    Rest of South America