Latin America Natural Gas Generator Market Size & Outlook
Latin America natural gas generator market, 2018-2030 (US$M)
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Latin America natural gas generator market highlights
- The Latin America natural gas generator market generated a revenue of USD 927.9 million in 2021.
- The market is expected to grow at a CAGR of 9.4% from 2022 to 2030.
- In terms of segment, low power gensets was the largest revenue generating power rating in 2021.
- Medium Power Gensets is the most lucrative power rating segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 927.9 million |
| Market revenue in 2030 | USD 2,082.9 million |
| Growth rate | 9.4% (CAGR from 2021 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, HighPower Gensets |
| Key market players worldwide | Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Mitsubishi Heavy Industries Ltd, Kohler, GE Aerospace, MTU Onsite Energy, Mahindra & Mahindra Ltd DR |
Other key industry trends
- In terms of revenue, Latin America region accounted for 13.0% of the global natural gas generator market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,474.5 million by 2030.
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Natural Gas Generator Market Scope
Natural Gas Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America natural gas 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 natural gas generator market will help companies and investors design strategic landscapes.
Low power gensets was the largest segment with a revenue share of 44.58% in 2021. Horizon Databook has segmented the Latin America natural gas generator market based on low power gensets, medium power gensets, highpower gensets covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America (CSA) accounted for over 13.45% market share in the global natural gas genset market in terms of revenue in 2018. CSA is an oil-based economy, relying heavily on oil for power generation.
As a result, oil represents a significant portion of the energy mix in the region. However, growing concern regarding carbon emission from diesel gensets and stringent regulatory framework to curb the pollution are expected to drive natural gas genset market in the region.
Similar to Europe, Central & South America region is also heavily focusing on power generation from renewable resources. In 2015, the Argentinian government passed an act, Act 27 191, which aims at increasing the contribution of renewable energy sources up to 8% of the total electricity consumption by 2018 and up to 20% by 2025.
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Our clientele includes a mix of natural gas generator market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America natural gas generator market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America natural gas generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America natural gas generator market size, by country, 2018-2030 (US$M)
Latin America Natural Gas Generator Market Outlook Share, 2021 & 2030 (US$M)
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