Mexico Natural Gas Generator Market Size & Outlook
Mexico natural gas generator market, 2018-2030 (US$M)
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Mexico natural gas generator market highlights
- The Mexico natural gas generator market generated a revenue of USD 231.2 million in 2021 and is expected to reach USD 571.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.6% 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.
Natural gas generator market data book summary
| Market revenue in 2021 | USD 231.2 million |
| Market revenue in 2030 | USD 571.5 million |
| Growth rate | 10.6% (CAGR from 2021 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Mexico accounted for 3.2% of the global natural gas generator market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. natural gas generator market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 4,284.3 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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Mexico 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 45.33% in 2021. Horizon Databook has segmented the Mexico 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.
The Ministry of Energy, Mexico launched the Development Program of the National Electric System (PRODESEN) 2018 – 2032 in May 2018. Under this program, the government planned to add 66.91 GW of additional power capacity across the country to satisfy the expected power demand until 2032.
Under the newly installed capacity, combined cycle power plants are projected to account for a maximum share of around 42%. Moreover, 48 combined cycle power projects are expected to be deployed by 2032.
Growing installation of power plants is projected to drive the demand for natural gas generator sets in Mexico as generator sets of medium and high-power rating are used in power plants as a backup power source for the station’s critical auxiliary equipment.
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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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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 natural gas generator market , including forecasts for subscribers. This country databook contains high-level insights into Mexico natural gas generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico natural gas generator market size, by power rating, 2018-2030 (US$M)
Mexico Natural Gas Generator Market Outlook Share, 2021 & 2030 (US$M)
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