Market Forecast By kVA Rating (5 kVA-75 kVA, 75.1 kVA-375 kVA, 375.1 kVA-750 kVA, 750.1 kVA-1000 kVA & Above 1000 kVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), By Countries (Brazil, Mexico, Argentina & Rest of Latin America) and Competitive Landscape.
Product Code: ETC001305 | Publication Date: Jan 2024 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 28 | |
Latin America Diesel Genset Market report thoroughly covers the market by Countries, KVA rating and application. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.
Latin America Diesel Genset Market is likely to grow in the forecast period as Diesel gensets, also known as diesel generators, are widely utilized in Latin America as a source of onsite electricity. The region's Diesel Genset Market has grown in recent years, driven by factors such as an increase in power demand, aging power infrastructure, and the need for reliable electricity in remote areas. The Latin America diesel genset market has been experiencing noteworthy growth over the past few years. The demand for diesel gensets in Latin America is driven by several factors, including an increase in power outages, investment in infrastructure projects, and the need for reliable backup power sources.
According to 6Wresearch, the Latin America Diesel Genset Market size is projected to grow at the CAGR of 6.3 % during the forecast period of 2024-2030. One of the significant drivers of the Diesel Genset Market in Latin America is an increase in power demand, especially in developing countries like Brazil, Mexico, and Argentina. The rise in industrialization and urbanization has resulted in a surge in energy consumption. The growth of data centres and the demand for backup power systems in remote areas have also contributed to market growth. The primary driver of the Latin America diesel genset market is the increasing demand for reliable backup power sources. Power outages are a common occurrence in many Latin American countries, and diesel gensets provide a reliable source of backup power. Additionally, investment in infrastructure projects, especially in the energy and telecom sectors, is also driving the market growth.
Besides, natural disasters like hurricanes, floods, and earthquakes have highlighted the need for backup power solutions, further driving the demand for diesel gensets. Despite the market's growth potential, the Diesel Genset Market in Latin America faces some challenges. One of the most significant challenges is the rise of renewable energy sources, such as solar and wind power. Many countries in the region are pushing for the adoption of clean energy sources to reduce carbon emissions. This shift towards clean energy sources poses a threat to the diesel genset market's growth. Government regulations on emissions and noise pollution pose challenges to manufacturers and operators in the market. Due to the high cost of diesel fuel, unstable economies, and political uncertainties, the growth of the market is hindered. Diesel gensets are a cost-effective solution for power backup, but the cost of diesel fuel remains high. Unstable economies and political uncertainties have caused delays in infrastructure projects, further impacting the Latin America Diesel Genset Market Growth.
Governments in the region have implemented various initiatives to promote growth in the Diesel Genset Market. For instance, Brazil's government launched the 'Light for All' program, aimed at increasing electricity access in remote areas. Similarly, the Mexican government has initiated the 'Power to the Interior' program, focused on providing reliable and affordable on-site power solutions to the country's rural areas. These programs provide opportunities for players in the Diesel Genset Market to grow their market presence.
Several major players operate in the Latin America Diesel Genset Industry including Cummins Inc., Caterpillar Inc., Atlas Copco, Generac Power Systems Inc., and MTU Onsite Energy Corporation. These companies offer a range of diesel gensets with varying power capacities, designed for different applications, including standby, prime, and continuous power. These manufacturers also focus on R&D to improve diesel engine technology, reducing emissions and increasing efficiency.
The Latin America diesel genset market is segmented by countries such as Brazil, Mexico, Argentina, and the rest of Latin America. Brazil leads the market in terms of the diesel genset’s demand. Its growth can be attributed to increased industrial investments, infrastructural development, and a rise in population.
The diesel genset market is segmented based on its power output, measured in kVA (kilovolt-ampere). The range of power output varies from 5 kVA to above 1000 kVA. The segments that are expected to grow are the 375.1 kVA to 750 kVA and the 750.1 KVA to 1000 KVA. The growth can be attributed to increasing industrialization and the need for reliable power backup solutions and this has led to rise in Latin America Diesel Genset Market Share.
According to Shivankar, Research Manager, 6Wresearch, the transportation and public infrastructure segment is expected to grow at the fastest rate due to the growing demand for backup power in railways, airports, ports, and other transportation infrastructure.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Latin America Diesel Genset Market Overview |
3.1 Latin America Diesel Genset Market Revenues & Volume (2020-2030F) |
3.2 Latin America Diesel Genset Market Revenue & Volume Share, By Countries, 2023 |
3.3 Latin America Diesel Genset Market ? Industry Life Cycle |
3.4 Latin America Diesel Genset Market - Porter?s Five Forces |
4. Latin America Diesel Genset Market Dynamics |
?4.1 Impact Analysis |
?4.2 Market Drivers |
?4.3 Market Restraints |
5. Latin America Diesel Genset Market Trends |
6. Mexico Diesel Genset Market Overview |
6.1 Mexico Country Indicators |
6.2 Mexico Diesel Genset Market Revenues & Volume (2020-2030F) |
6.3 Mexico Diesel Genset Market Revenue & Volume Share, By KVA Rating (2023 & 2030F) |
6.3.1 Mexico 5-75 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
6.3.2 Mexico 75.1-375 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
6.3.3 Mexico 375.1-750 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
6.3.4 Mexico 750.1-1000 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
6.3.5 Mexico Above 1000 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
6.4 Mexico Diesel Genset Market Revenue Share, By Applications (2023 & 2030F) |
6.4.1 Mexico Commercial Diesel Genset Market Revenues (2020-2030F) |
6.4.2 Mexico Industrial Diesel Genset Market Revenues (2020-2030F) |
6.4.3 Mexico Residential Diesel Genset Market Revenues (2020-2030F) |
6.4.4 Mexico Transportation and Public Infrastructure Diesel Genset Market Revenues (2020-2030F) |
6.5 Mexico Diesel Genset Market Key Performance Indicators |
6.6 Mexico Diesel Genset Import Statistics |
6.6.1 Mexico Import of Less than 75 kVA Diesel Gensets, By Country, 2023 |
6.6.2 Mexico Import of 75 - 375 kVA Diesel Gensets, By Country, 2023 |
6.6.3 Mexico Import of Above 375 kVA Diesel Gensets, By Country, 2023 |
7. Brazil Diesel Genset Market Overview |
7.1 Brazil Country Indicators |
7.2 Brazil Diesel Genset Market Revenues & Volume (2020-2030F) |
7.3 Brazil Diesel Genset Market Revenue & Volume Share, By KVA Rating (2023 & 2030F) |
7.3.1 Brazil 5-75 kVA Diesel Genset Market Revenue & Volume (2020-2030F) |
7.3.2 Brazil 75.1-375 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
7.3.3 Brazil 375.1-750 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
7.3.4 Brazil 750.1-1000 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
7.3.5 Brazil Above 1000 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
7.4 Brazil Diesel Genset Market Revenue Share, By Applications (2023 & 2030F) |
7.4.1 Brazil Commercial Diesel Genset Market Revenues (2020-2030F) |
7.4.2 Brazil Industrial Diesel Genset Market Revenues (2020-2030F) |
7.4.3 Brazil Residential Diesel Genset Market Revenues (2020-2030F) |
7.4.4 Brazil Transportation and Public Infrastructure Diesel Genset Market Revenues (2020-2030F) |
7.5 Brazil Diesel Genset Market Key Performance Indicators |
7.6 Brazil Diesel Genset Import Statistics |
7.6.1 Brazil Import of Less than 75 kVA Diesel Gensets, By Country, 2023 |
7.6.2 Brazil Import of 75 - 375 kVA Diesel Gensets, By Country, 2023 |
7.6.3 Brazil Import of Above 375 kVA Diesel Gensets, By Country, 2023 |
8. Argentina Diesel Genset Market Overview |
8.1 Argentina Country Indicators |
8.2 Argentina Diesel Genset Market Revenues & Volume (2020-2030F) |
8.3 Argentina Diesel Genset Market Revenue & Volume Share, By KVA Rating (2023 & 2030F) |
8.3.1 Argentina 5-75 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
8.3.2 Argentina 75.1-375 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
8.3.3 Argentina 375.1-750 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
8.3.4 Argentina 750.1-1000 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
8.3.5 Argentina Above 1000 kVA Diesel Genset Market Revenues & Volume (2020-2030F) |
8.4 Argentina Diesel Genset Market Revenue Share, By Applications (2023 & 2030F) |
8.4.1 Argentina Commercial Diesel Genset Market Revenues (2020-2030F) |
8.4.2 Argentina Industrial Diesel Genset Market Revenues (2020-2030F) |
8.4.3 Argentina Residential Diesel Genset Market Revenues (2020-2030F) |
8.4.4 Argentina Transportation and Public Infrastructure Diesel Genset Market Revenues (2020-2030F) |
8.5 Argentina Diesel Genset Market Key Performance Indicators |
8.6 Argentina Diesel Genset Import Statistics |
8.6.1 Argentina Import of Less than 75 kVA Diesel Gensets, By Country, 2023 |
8.6.2 Argentina Import of 75 - 375 kVA Diesel Gensets, By Country, 2023 |
8.6.3 Argentina Import of Above 375 kVA Diesel Gensets, By Country, 2023 |
9. Rest of Latin America Diesel Genset Market Overview |
9.1 Rest of Latin America Diesel Genset Market Revenues & Volume (2015 & 2030F) |
10. Latin America Diesel Genset Market Opportunity Assessment |
10.1 Latin America Diesel Genset Market Opportunity Assessment, By Countries, 2030F |
11. Latin America Diesel Genset Market Competitive Landscape? |
11.1 Latin America Diesel Genset Market Competitive Benchmarking, By Technical and Operating Parameters |
11.2 Mexico Diesel Genset Market Revenue Share, By Companies, 2023 |
11.3 Brazil Diesel Genset Market Revenue Share, By Companies, 2023 |
11.4 Argentina Diesel Genset Market Revenue Share, By Companies, 2023 |
12. Company Profiles |
13. Strategic Recommendations |
14. Disclaimer |
Market Forecast By kVA Rating (5 kVA-75 kVA, 75.1 kVA-375 kVA, 375.1 kVA-750 kVA, 750.1 kVA-1000 kVA & Above 1000 kVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), By Countries (Brazil, Mexico, Argentina & Rest of Latin America) and Competitive Landscape.
Product Code: ETC001305 | Publication Date: Oct 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Latin America Diesel Genset market is anticipated to demonstrate healthy growth on account of the extensive use of diesel gen-sets in the region, as a solution for the low efficiency of power grid infrastructure. Further, strengthening oil and gas industries, manufacturing industries and rising demand for housing in the region would lead to the substantial growth of the diesel Genset market over the coming years.
According to 6Wresearch, the Latin America Diesel Genset Market size is projected to grow at a CAGR of 3.1% during 2019–2025. Amongst all the Latin American countries, Brazil is anticipated to dominate the market during the forecast period on account of the increasing number of oil sector projects in the country. However, Argentina would witness faster growth over the coming years on the back of surging demand for Diesel Gensets in improving the power industry and increasing investment to develop airports and other transportation hubs.
The commercial application has captured the highest revenue share in the region owing to a surge in demand for office spaces and rising hospitality sector projects in the area. Moreover, the application is anticipated to maintain its dominance during the forecast period, on the back of an increasing number of data centers and IT hubs in the region. Additionally, rising investment in the industrial sector and flourishing mining industry would support the industrial sector to capture sound revenues in the overall diesel Genset market.
The Latin America Diesel Generator market report thoroughly covers the market by kVA rating, applications, and countries. Latin America Diesel Genset market outlook report provides an unbiased and detailed analysis of the ongoing Latin America diesel Genset 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.
Key Highlights of the Report
Latin America Diesel Genset Market Report Segmentation
The reports offer a detailed analysis of the following market segments:
Other Key Reports Available: