Market Forecast By KVA Rating (5 KVA-75 KVA, 75.1 KVA-375 KVA, 375.1 KVA-750 KVA, 750.1 KVA-1000 KVA And Above 1000 KVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), By Regions (Eastern, Northern, Western And Southern) And Competitive Landscape
|Product Code: ETC090002
|Publication Date: Dec 2023
|Updated Date: Dec 2023
|Product Type: Report
|No. of Pages: 70
|No. of Figures: 35
|No. of Tables: 5
Mexico Diesel Genset Market report thoroughly covers the market by KVA rating and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Mexico Diesel Genset Market is projected to grow in the forecast period as Mexico has been experiencing tremendous growth in its energy sector, and one of the key drivers of this growth is the diesel genset market. Diesel gensets are vital for providing backup power in case of natural disasters and grid failures, and they also serve as a reliable and cost-effective alternative to grid electricity. The country's expanding industrial sector, rising population, and increased construction activities will drive the growth of the market. Moreover, the unreliable power grid infrastructure in the country increases the need for back-up power, further stimulating the demand for diesel gensets in Mexico.
According to 6Wresearch, the Mexico Diesel Genset Market size is projected to grow at the CAGR of 6.6% during the forecast period of 2024-2030. There are several drivers of the Mexican diesel genset market. Firstly, the growing population is driving the demand for power, as more people require electricity for their daily activities. Secondly, the increasing industrialization is driving the demand for power, as more industries require electricity to run their operations. Thirdly, the unreliable grid infrastructure is driving the demand for backup power solutions, especially in the commercial and industrial sectors. One of the significant drivers of the diesel genset market in Mexico is the growth of the manufacturing and construction sectors. These sectors require a constant supply of power, and the diesel genset provides an efficient backup power source. The expansion of airports, seaports, and highways in the country has also contributed to the growth of the market. There are several challenges facing the Mexico Diesel Genset Industry. Firstly, the high cost of diesel fuel is a major concern, as it makes diesel gensets expensive to operate. Secondly, the environmental impact of diesel gensets is a major concern, as they are known to emit harmful pollutants and greenhouse gases. Finally, the availability of cheaper and cleaner renewable energy sources, such as solar and wind power, is a threat to the growth of the diesel genset market. The high cost of diesel fuel and the environmental impact of diesel gensets are some of the significant challenges faced by the market. Additionally, the increasing adoption of renewable energy sources such as solar and wind is posing a threat to the growth of the diesel genset market in Mexico.
The Mexican government has been taking steps to promote renewable energy but has also recognized the importance of diesel gensets in providing backup power. The government has launched several initiatives to support the growth of the Diesel Genset market in Mexico. For instance, the government has provided tax incentives to companies that invest in diesel gensets. Additionally, it has introduced a regulatory framework that encourages the use of diesel gensets for emergency power needs.
Prominent players in the Mexico diesel genset market include Caterpillar Inc., Cummins Inc., Kohler Co., Generac Power Systems Inc., and MTU Onsite Energy. These companies are focusing on offering efficient and reliable products that cater to the needs of their customers. They are also expanding their distribution channels to make their products easily accessible to customers which has led to Mexico Diesel Genset Market Growth.
The 75.1 kVA – 375 kVA segment is expected to grow at a steady pace in the coming years. This segment is popular in the commercial and industrial sectors, where gensets are required for backup power supply and continuous operations. Increasing investments in sectors like hospitality, healthcare, and manufacturing are expected to increase the Mexico Diesel Genset Market Share.
According to Ravi Bhandari, Research Head, 6Wresearch, the diesel genset market is segmented into residential, commercial, industrial, and transportation & public infrastructure. The commercial sector is leading the market, followed by the industrial segment. The commercial segment primarily includes hotels, hospitals, and shopping centers, while the industrial segment includes manufacturing and oil & gas industries. Infrastructure development in Mexico is expected to drive the growth of the transportation and public infrastructure segment. Gensets are used to provide power backup in airports, seaports, and railway stations, among others.
The report offers a comprehensive study of the subsequent market segments:
|1 Executive Summary
|2.1 Key Highlights of the Report
|2.2 Report Description
|2.3 Market Scope & Segmentation
|2.4 Research Methodology
|3 Mexico Diesel Genset Market Overview
|3.1 Mexico Country Macro Economic Indicators
|3.2 Mexico Diesel Genset Market Revenues & Volume, 2020 & 2030F
|3.3 Mexico Diesel Genset Market- Industry Life Cycle
|3.4 Mexico Diesel Genset Market- Porter's Five Forces
|3.5 Mexico Diesel Genset Market Revenues & Volume Share, By KVA rating , 2023 & 2030F
|3.6 Mexico Diesel Genset Market Revenues & Volume Share, By Application 2023 & 2030F
|4 Mexico Diesel Genset Market Dynamics
|4.1 Impact Analysis
|4.2 Market Drivers
|4.3 Market Restraints
|5 Mexico Diesel Genset Market Trends
|6. Mexico Diesel Genset Market, By KVA Ratings
|6.1 Mexico Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA 2020 & 2030F
|6.2 Mexico Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2020 & 2030F
|6.3 Mexico Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2020 & 2030F
|6.3 Mexico Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2020 & 2030F
|6.3 Mexico Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2020 & 2030F
|7 Mexico Diesel Genset Market, By Application
|7.1 Mexico Diesel Genset Market Revenues & Volume, By Residential, 2020 & 2030F
|7.2 Mexico Diesel Genset Market Revenues & Volume, By Commercial, 2020 & 2030F
|7.3 Mexico Diesel Genset Market Revenues & Volume, By Industrial, 2020 & 2030F
|7.3 Mexico Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2020 & 2030F
|8 Mexico Diesel Genset Market Import-Export Trade Statistics
|8.1 Mexico Diesel Genset Market Export to Major Countries
|8.2 Mexico Diesel Genset Market Imports from Major Countries
|9 Mexico Diesel Genset Market Key Performance Indicators
|10 Mexico Diesel Genset Market- Opportunity Assessment
|10.1 Mexico Diesel Genset Market Opportunity Assessment, By KVA rating , 2030
|10.2 Mexico Diesel Genset Market Opportunity Assessment, By Application, 2030
|11 Mexico Diesel Genset Market- Competitive Landscape
|11.1 Mexico Diesel Genset Market Revenue Share, By Companies, 2023
|11.2 Mexico Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters
|12 Company Profiles
Market Forecast By KVA (5 - 75 KVA, 75.1 - 375 KVA, 375.1 - 750 KVA, 750.1 - 1000 KVA, Above 1000 KVA), By Application (Residential, Commercial, Industrial, Transportation & Public Infrastructure) And Competitive Landscape
|Product Code: ETC090002
|Publication Date: Jun 2022
|Product Type: Market Research Report
|No. of Pages: 70
|No. of Figures: 35
|No. of Tables: 5
In the year 2021, the USA was the largest exporter in terms of value, followed by Spain. It has registered a growth of 35.22% over the previous year. While Spain registered a growth of 28.36% as compared to the previous year. In the year 2017, USA was the largest exporter followed by Spain. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Mexico has a Herfindahl index of 3926 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 4672 which signifies high concentration in the market.
Mexico Diesel Genset (Generator) Market is projected to grow over the coming year. Mexico Diesel Genset (Generator) Market report is a part of our periodical regional publication Latin America Diesel Genset (Generator) Market outlook report. 6W tracks the diesel Genset market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Diesel Genset (Generator) Market outlook report annually.
Mexico Diesel Genset Market report comprehensively covers the market by kVA ratings and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high-growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Mexico Diesel Genset (Generator) Market witnessing major growth in recent years. The primary reason for the growth is the rise in demand from the various end-use sectors such as healthcare, data centers, agriculture, and manufacturing. The government is becoming stricter towards the use of renewable energy sources and regulations regarding the emission and due to this diesel gensets are emerging as a reliable option for power backup. The increased focus on technological advancements is another latest development within the market. Due to the emergence of the latest technology, there is heavy investment in the domain of research and development to produce more efficient and cost-effective products to cater to the various needs of customers. The market is evolving at a rapid pace due to increasing demand from different sectors coupled with strict environmental regulations leading companies towards greener alternatives. Advanced technologies like remote monitoring systems enable businesses operating these devices remotely without losing track of their effectiveness and efficiency.
Mexico Diesel Genset Market is anticipated to gain momentum during the upcoming period. The increasing penetration of infrastructure development is the key reason for the growth of the market. Increasing investment by the public and private sectors coupled with boosting of the construction sector beholds the growth of the Diesel generator market in Mexico.
According to 6Wresearch, the Mexico Diesel Generator Market size is projected to grow at a CAGR of 2.3% during 2021-2027. Mexico occupies the 2nd position in terms of the market size in the North America Diesel Genset market. Continuous development in the hospitality sector backed by growing migration is driving the development of the market. Rapid growing Data center drives the need for multiple power backup options in order to prevent the disruption of work during power failure which is further accelerating the growth of the market. Surging demand for uninterrupted power supply is also boosting the Market. The increase in demand for power backup from the commercial and residential sectors is the key factor for the growth of the market. There are certain challenges present in the market. The environmental concern regarding the wide use of diesel-powered generators is a major challenge in the market. There is also stiff competition from the alternative source which are natural gas and solar power.
In terms of market by Kia ratings. Above 1000KVA dominates the market and is expected to remain in a dominant position in the coming years. However, the 5KVA-75KVA rating is expected to have the fastest growth rate among all ratings leading to an increase in Mexico Diesel Genset Market Growth.
According to Dhaval, Research Manager, 6Wresearch, in terms of application Commercial segment dominates the market and is expected to remain in a dominant position in the coming years with the fastest growth rate among all applications.
The COVID-19 pandemic has severely impacted the Diesel Genset (Generator) market in Mexico. The lockdowns, decreased economic activity, and travel restrictions led to a reduction in demand for these machines. Construction activities saw a decline across various cities. Due to government regulations and social distancing measures, there was less requirement for a backup source of power. There was a disturbance in supply chains due to restrictions on global trade and this resulted in a rise in prices of the raw materials. Due to this, there was less profit for the companies which were operating in the market. Due to the emergence of work from home culture and the reduction in the operation of the business, the consumption of energy level decreased
These companies are the key players in the market that caters to the wide needs of the consumers and provides them with reliable power solutions leading to an increase in the expansion of Mexico Diesel Genset (Generator) Industry.
The report provides a detailed analysis of the following market segments: