According to a recent research report by MarkNtel Advisors, the Mexico Diesel Generator Market is expecting around 4% CAGR during 2021-26. The mounting support from the Mexican government through massive investments, permits, negotiations, planning, financing, and construction processes toward increasing commercial infrastructure developments in the country is the prime aspect driving the Diesel Generator Market through 2026.
Moreover, various ongoing & upcoming oil & natural gas exploration projects in Mexico are also curating the need for uninterrupted power supply solutions for processing, which is another crucial aspect projected to drive the diesel generator market during 2021-26.
Besides, the healthcare sector of Mexico is another prominent end-user of diesel generators since it requires an uninterrupted flow of energy to operate healthcare machinery at all times. In addition, the political & economic stability of the country with increasing foreign investments shall positively influence the construction sector and, in turn, promote the demand for diesel generators in the coming years, further states the research report, "Mexico Diesel Generator Market Analysis, 2021."
Increasing Industrial Projects in Mexico to Foster the Demand for Diesel Generators through 2026
The massive expenditure on infrastructural developments and the mounting need for a continuous & reliable power supply across different industrial & manufacturing facilities in Mexico are the prime aspects driving the Diesel Generator Market across the industrial sector.
Moreover, oil & gas is another industrial vertical being the prominent consumer of diesel generators in Mexico due to substantial funding in the sector, numerous ongoing exploration & production activities, & burgeoning energy requirements. Hence, these aspects are all set to lead the industrial sector to dominate the Mexico Diesel Generator Market during 2021-26.
Increasing Government Inclination toward Integrating Standby Power Sources to Drive the Market
Since most industries require a continuous flow of power for their different day-to-day operations, numerous operators from both private & public sectors are increasingly demanding diesel generators. Besides, their demand is further rising due to transmission failures, grid malfunctions, & climatic fluctuations, among others. Therefore, the government of Mexico is seeking different ways toward integrating standby sources like diesel generators to deliver a continuous power supply. It, in turn, would yield significant growth opportunities for the market in the coming years, cites MarkNtel Advisors in their research report, "Mexico Diesel Generator Market Analysis, 2021."
Competitive Landscape:
The leading players in the Mexico Diesel Generator Market include Caterpillar Inc., APR Energy, Cummins Inc., Kohler Co., Aggreko PLC., Generac México, S.A. de C.V., & Atlas Copco AB.
Key Questions Answered in the Research Report:
Market Segmentation: