“Industrial sector” acquired the largest market revenue share among the vertical, by Applications in the overall Mexico Diesel Genset Rental Market– 6Wresearch
Mexico Diesel Genset Rental Market is exhibiting notable growth during the period (2021-28) owing to the back of growth in the construction industry which contributes 6.8 percent to Mexico’s GDP and accounts for USD 82.56 bn in 2021. The industrial sector held a prominent market share in the market, and this trend is expected to continue in the coming years as government investments increase in the industrial sector. These investments will be focused on implementation of the required infrastructure for 5g telecommunication deployment in the country, boosting oil and gas sector under Pemex’s investment plan for 2021-2025, infusion of USD1.25 billion into the construction sector and such mega projects.
According to 6Wresearch, Mexico Diesel Genset Rental Market size is projected to grow at a CAGR of 3.6% during 2022-28. The presence of a robust industrial sector in Mexico, as well as a rapidly evolving manufacturing sector and a rallying healthcare sector, is attributed to the growth od diesel genset rental market of Mexico. Standalone power solutions such as renewable energy sources and gas gensets as a substitute for diesel genset rental would not be able to meet the entire demand for standalone power solutions in the country. Hence, the market for diesel genset rental is expected to recapitalize and grow in the coming years. Moreover, the growth in the genset rental market in Mexico during the coming years could be accredited to increased infrastructure development in the country on account of government initiatives such as Pemex's investment plan for 2021-2025, which includes 399 new oil exploration, extraction, and production projects in Mexico. Furthermore, FDI investments in the mining industry, which is a primary end use industry of diesel gensets for standalone power solutions, would benefit the sector.
According to Shivankar Guha, Research Analyst, 6Wresearch, “375.1 – 750 kVA rating by kVA Ratings would grow significantly during the forecast period.” During power outages, the 375.1-750 kVA rating Diesel Genset Rental is a prime source of power for industrial and logistics applications, accounting for 28.7% of the overall Diesel Genset Rental market in Mexico. Investment in the industrial and mining sectors seeks to strengthen Mexico's logistics and industrial sectors. FDI investments in the mining industry totaling to $1.54 billion by 2022 are an indication of the strength of the sector. Furthermore, innovation by transforming the country into a power and logistics hub, with a major emphasis on industries, energy, and mining sectors, will create ample opportunities for the Diesel Genset Rental market in the coming years.
Mexico Diesel Genset Rental Market (2022-2028) report provides an in-depth analysis with 20 figures and 3 tables, covered in 68 pages. The report estimates and forecast the overall Mexico Diesel Genset Rental market. The report provides an unbiased and detailed analysis of the on-going 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.