Mexico Diesel Genset Rental Market report thoroughly covers the market kVA Ratings, Applications. The report provides an unbiased and detailed analysis of the on-going 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 Rental Market Synopsis
Mexico diesel genset rental market is anticipated to witness notable growth during the forecast period, on the back of growth in construction industry which contributes 6.8 per cent to Mexico's GDP and accounts for USD 82.56 bn in 2021. The growth during the forecast period is anticipated in the construction industry owing to government initiatives such as allocating USD 1.25 billion for the construction of 478 educational institutions, health, public and mobility infrastructure projects under annual infrastructure plan. The plan also includes rising building projects such as roads, trains, metros, hotels, houses, towers, entertainment, and economic cities, and many more. In the last year, the outburst of coronavirus had adversely affected the Mexico Diesel Genset Rental market, as the government imposed nation-wide lockdown that had led to the closure of all construction operations and disrupted the demand and supply of diesel genset rental systems.
According to 6Wresearch, Mexico Diesel Genset Rental market size is projected to grow at CAGR of 3.6% during 2022-2028. Due to Covid-19 the Mexico Diesel Genset Rental Market growth is attributed to the presence of a robust industrial sector along with a rapidly evolving manufacturing sector and rallying healthcare sector. Standalone power solutions such as renewable energy source and gas genset, a substitute for diesel genset rental would not be able to meet the entire demand for standalone power solutions in the country. Henceforth, the market of diesel genset rental is expected to recapitalize and grow during the forecast years.
Market by kVA Rating Analysis
In terms of kVA ratings, 375.1kVA - 750kVA Diesel Genset Rentals segment accounted for 28.7% of market revenue in 2021 and leads the market. The results are extrapolations of the market capitalization of electronics and semiconductor companies compared to other industries. The kVA ratings, 375.1kVA - 750kVA diesel genset rentals have emerged as a major shareholder in the market in 2021, owing to its major deployment as power backup systems in the industrial and logistics sector. Moreover, within industrial segment, oil and gas industries provide opportunities for the diesel genset rentals demand in the country during the forecast period on account of government initiative such as Pemex’s investment plan for 2021-2025 which includes 399 new exploration, extraction, and production projects in shallow waters, deep water, and onshore projects in the states of Tamaulipas, Veracruz, Tabasco, and Campeche.
Market by Application Analysis
In the Mexico Diesel Genset Rental market, industrial sector is the most popular type of application, accounting for more than 48.6% of the market revenues in 2021. The industrial sector would continue to acquire the highest market revenue share in the Mexico diesel genset rental market in the coming years on account of rising government’s focus on industrial development including implementation of the required infrastructure, construction of hotels such as Smes in Yucatan, Playa Hotels & Resorts N.V. (“Playa”) and its affiliates, tourist locations such as Mexico City, Acapulco and others, contributing as a catalyst as well as other manufacturing hotspots in various regions of the country.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Mexico Diesel Genset Rental Market Overview
- Mexico Diesel Genset Rental market Outlook
- Mexico Diesel Genset Rental Market Forecast
- Mexico Diesel Genset Rental Market Revenue Share, By kVA Ratings
- Mexico Diesel Genset Rental Market Revenue Share, By Applications, 2021 & 2028F
- Market Drivers and Restraints
- Mexico Diesel Genset Rental Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Mexico Diesel Genset Rental market - Impact Analysis of COVID-19
- Market Opportunity Assessment
- Mexico Diesel Genset Rental Market Revenue Ranking, By Company
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By kVA Ratings
- 5.1 to 75 kVA
- 75.1 – 375 kVA
- 375.1 - 750 kVA
- 750.1 - 1000 kVA
- Above 1000 kVA
By Application
- Commercial (Hospitality, BFSI, IT & ITES, Construction, Healthcare, and Offices)
- Industrial
- Residential
- Transportation & Infrastructure (Government Buildings, and Public Infrastructure, such as Stadium, Museum, etc.)
