Mexico Diesel Generator Market Size & Outlook, 2022-2030
Mexico diesel generator market, 2019-2030 (US$M)
Related Markets
Mexico diesel generator market highlights
- The Mexico diesel generator market generated a revenue of USD 133.9 million in 2022 and is expected to reach USD 649.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 21.8% from 2023 to 2030.
- In terms of segment, low power gensets was the largest revenue generating power rating in 2022.
- Medium Power Gensets is the most lucrative power rating segment registering the fastest growth during the forecast period.
Diesel generator market data book summary
| Market revenue in 2022 | USD 133.9 million |
| Market revenue in 2030 | USD 649.5 million |
| Growth rate | 21.8% (CAGR from 2022 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, High Power Gensets |
| Key market players worldwide | Atlas Copco AB Class A, Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Honda Motor Co Ltd, Kohler, Rolls-Royce Holdings PLC, Wartsila Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.9% of the global diesel generator market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. diesel generator market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 649.5 million by 2030.
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Diesel Generator Market Scope
Diesel Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico diesel generator market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to diesel generator market will help companies and investors design strategic landscapes.
Low power gensets was the largest segment with a revenue share of 50.11% in 2022. Horizon Databook has segmented the Mexico diesel generator market based on low power gensets, medium power gensets, high power gensets covering the revenue growth of each sub-segment from 2019 to 2030.
Mexico accounted for the third-largest market share in North American diesel generator market and is projected to advance at a CAGR of 21.8% over the forecast period. The Ministry of Energy, Mexico launched the Development Program of the National Electric System (PRODESEN) 2018 – 2032 in May 2018.
Growing installation of power plants is projected to drive the demand for diesel generator in Mexico as generator sets of high-power rating are used in power plants for various operations including a backup power for the station’s critical auxiliary equipment.
Mexico is adopting multiple coordinated strategies to develop and support a well-structured manufacturing base. Thus, the growing manufacturing industry is projected to drive the demand for back-up power thus driving the market for diesel generators in the region.
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Our clientele includes a mix of diesel generator market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico diesel generator market , including forecasts for subscribers. This country databook contains high-level insights into Mexico diesel generator market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico diesel generator market size, by power rating, 2019-2030 (US$M)
Mexico Diesel Generator Market Outlook Share, 2022 & 2030 (US$M)
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