Mexico Generator Sales Market Overview, 2028

Mexico Generator Sales Market Overview, 2028

The market for generator sales is growing significantly. The growth of the generator sales in Mexico can be attributed to the increasing demand for uninterrupted and reliable power from a wide range of wide range of users such as residential, IT, healthcare, utility and power generation, construction sector and many more. The rapidly expanding manufacturing sector is also fueling demand for generators in the Country. The increasing demand for power has exceeded the power supply capacity in the country. The growth of industrialization and urbanization has increased the per capita power consumption and the higher dependence on conventional energy sources has restricted the amount of power generated. Due to this many businesses in Mexico cannot completely rely on the grid to access power and ensure uninterrupted power supply and invest in generators that supply power on demand and ensure continuity of the process in case of a power cut. The rapid advancement of the industry has increased electricity consumption in the country. Generator has become an essential component of industrial and household equipment due to uninterrupted power demand and peak and continuous power requirements. The growing costs of constructing modern structures in Mexico are projected to encourage the of the generator sales market as well.

According to the research report ""Mexico Generator Sales Market Overview, 2028,"" published by Bonafide Research, the Mexico Generator Sales Market was valued more than USD 515 Million in 2022. Mexico is a popular tourist destination, and generators are often used to provide power to outdoor events such as concerts and festivals. Mexico is prone to natural disasters such as earthquakes and hurricanes, which can cause power outages that, can last for several days. The need for backup power to ensure continuous operations in homes, businesses, and industries is a significant driver of the generator market. Furthermore, Mexico is investing heavily in infrastructure development, particularly in the construction of new buildings, highways, and other infrastructure projects. Generators are often used to provide power to construction sites that are not yet connected to the electrical grid. Mexico has a growing manufacturing sector, which requires a reliable power supply to ensure uninterrupted operations. Generators are often used to provide backup power to industrial facilities, particularly those in remote locations. The use of natural gas generators is becoming increasingly popular in Mexico due to the country's abundant natural gas reserves and the lower cost of natural gas compared to other fuels. Natural gas generators are also more environmentally friendly than diesel or gasoline generators. Many businesses in Mexico are opting to rent generators rather than purchasing them outright. This is due to the high cost of purchasing a generator and the flexibility of renting, which allows businesses to scale their power needs according to demand. Smaller generators, such as portable and inverter generators, are becoming increasingly popular in Mexico for residential and small business use. These generators are more affordable and easier to use than larger, industrial-grade generators, making them a popular choice for backup power during power outages.

The Mexican government has implemented regulations to control emissions from generators, including requirements for emissions certifications and limits on pollutants such as nitrogen oxides (NOx), carbon monoxide (CO), and particulate matter (PM). The government also regulates noise levels from generators to protect public health. The Mexican government has established emergency power supply programs to ensure continuous power supply during natural disasters and other emergencies. These programs include the installation of backup generators in critical infrastructure such as hospitals, government buildings, and public safety facilities. The Mexican government requires generators to be certified by the National Institute of Ecology and Climate Change (INECC) and to meet minimum efficiency standards. Additionally, generators sold in Mexico must carry energy efficiency labels indicating their energy consumption and emissions levels.

Based on fuel type include, Diesel, Gas, Others (LPG, biofuel, coal gas, producer gas, gasoline, and propane gas). The diesel fuel generators are significantly dominating the market of generator sales in Mexico. Diesel fuel is readily available in Mexico, and the country has an established infrastructure for the storage, transportation, and distribution of diesel. The existing network of fuel stations and supply chains makes it convenient for users to access and replenish their diesel fuel supply, supporting the widespread use of diesel generators. Diesel generators are known for their robustness, durability, and the ability to handle heavy loads. Mexico experiences occasional power outages and grid instability in certain regions, making backup power solutions essential. Diesel generators provide a reliable and efficient source of backup power during utility outages, ensuring uninterrupted operations in critical applications. Based on application, the market is divided into Standby, Peak shaving, Prime and continuous. The Standby generators are leading the market of generator sales with highest market share in Mexico. In the forecast period the prime and continuous generators will grow at highest CAGR of the market.

Based on end users include, industrial, commercial and residential. The industrial sector is leading the market of generator sales in Mexico. The industrial sector in Mexico often operates critical processes, machinery, and equipment that require a constant and reliable power supply. In order to prevent production downtime, financial losses, and equipment damage, industrial end users invest in generators as backup power solutions. Generators ensure uninterrupted operations and provide a reliable power source during utility outages or grid instability. Industries typically have higher power demands due to large-scale machinery, equipment, and manufacturing processes. Diesel generators, with their high power output capabilities and ability to handle heavy loads, are well-suited to meet the industrial sector's energy needs. Industrial end users often require generators with larger capacities to support their operations, which further drive the demand for generators in this sector. Based on power ratings includes, 100 kVA, 100–350 kVA, 350–1,000 kVA, 1,000–2,500 kVA, 2,500–5,000 kVA and Above 5,000 kVA. The 350-1000 kVA power rating is expected to gain maximum CAGR of the market in Mexico.

Considered in this report
• Geography: Mexico
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Mexico Generator Sales market with its value and forecast along with its segments
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Fuel Type
• Diesel
• Gas
• Others (LPG, biofuel, coal gas, producer gas, gasoline, and propane gas)

By Application
• Standby
• Prime & Continuous
• Peak Shaving

By End User
• Industrial
• Commercial
• Residential

By Power Ratings
• Below 100 kVA
• 100–350 kVA
• 350–1,000 kVA
• 1,000–2,500 kVA
• 2,500–5,000 kVA
• Above 5,000 kVA

By Sales Channels
• Indirect
• Direct

By Design
• Stationary
• Portable

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Smart Lighting industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.