Mexico Power Rental Market Overview, 2029

Mexico Power Rental Market Overview, 2029


The power rental market in Mexico has a rich history dating back to the early 20th century when generators were first utilized for temporary power needs in remote areas and construction sites. Although it experienced growth during the industrial boom of the 1960s and 1970s, economic downturns in the following decades slowed its expansion. However, since the 2000s, the market has seen a resurgence due to increased foreign investment, aging power infrastructure, natural disasters, and the growth of the event industry. Today, Mexico's power rental market offers a diverse range of equipment catering to various applications like peak shaving, standby power, and baseload operations. Mexican businesses prioritize cost-efficiency, leading to a preference for rental solutions over capital expenditure, while growing environmental concerns drive demand for cleaner fuel options like natural gas and hybrid generators. Additionally, there's an increasing adoption of digital technologies such as remote monitoring and data analytics to optimize power usage and comply with stricter government regulations on emissions and safety standards.

According to the research report ""Mexico Power Rental Market Overview, 2029,"" published by Bonafide Research, the Mexico Power Rental market is market is expected to add more than USD 80 Million from 2024 to 2029. In Mexico's power rental market, infrastructure investments and industrial growth drive demand, while disaster preparedness and energy decentralization expand the rental market. Challenges include economic instability, fuel price volatility, competition from international players, and a shortage of skilled technicians. Ongoing infrastructure projects, particularly in renewable energy and transportation, fuel demand for temporary power solutions. The manufacturing sector's expansion necessitates reliable power for factories and processing facilities. Natural disasters highlight the need for resilient power infrastructure, boosting the rental market. The decentralization of Mexico's energy sector creates opportunities for distributed generation solutions. Economic instability and currency exchange fluctuations impact investment decisions. Fuel price volatility affects operational costs and rental rates. Competition from international players pressures margins. A shortage of skilled technicians poses challenges to market growth.

Firstly, diesel remains the dominant fuel type owing to its widespread availability, affordability, and ease of transportation, particularly in remote areas, although stricter regulations and environmental concerns may steer adoption towards cleaner alternatives. Natural gas is gaining momentum, especially in regions with accessible gas infrastructure, driven by its lower emissions and environmentally friendly operation. Other fuel types such as biodiesel, propane, solar, and wind energy are emerging but still in their infancy, holding potential for specialized applications or regions lacking access to conventional fuels.

Segmentation by equipment highlights generators as the market cornerstone, meeting diverse power needs across various sectors with sustained demand anticipated. Transformers play a vital role in voltage regulation, particularly in complex industrial settings, where growth is expected due to increasing demand for higher power ratings. Load banks, crucial for testing and commissioning power systems, are projected to see consistent demand driven by infrastructure development initiatives. Power ratings segmentation reveals growth opportunities across different scales: below 75 kVA for small-scale applications, 75-375 kVA for mid-sized operations, 375-750 kVA for larger industrial setups, and above 750 kVA for critical infrastructure projects.

Application-based segmentation reflects diverse usage scenarios, including base load provision for areas with unreliable grids, standby power for critical facilities ensuring business continuity, and peak shaving to manage electricity costs. End-user segmentation showcases varied sectors such as mining, construction, manufacturing, utility, events, and oil & gas, each with distinct requirements and growth drivers. Mining and construction sectors exhibit significant demand due to remote locations and project-specific needs, while manufacturing sectors rely on rentals for production processes and backup power. Utility and events sectors foresee moderate growth driven by grid modernization efforts and post-pandemic event industry recovery, respectively.

In Mexico, the energy sector is governed by key regulations overseen by various authorities. The Energy Regulatory Commission (CRE) issues permits for power generation and transmission, including rental equipment, such as the General Permit for Power Generation and Environmental Impact Studies. The Ministry of Energy (SENER) sets national energy policies and promotes renewable energy, while the National Electric System Development Program (PROSEN) outlines plans for grid infrastructure expansion, potentially creating opportunities for rental solutions. Clean Energy Certificates (CELs) incentivize renewable energy use, relevant for rental providers. The National Center for Energy Control (CENACE) manages the national grid and coordinates supply and demand, ensuring compliance with grid interconnection standards and technical specifications. Certifications like NOM-001-SEDE-2015 for safety, NOM-003-CFE-2014 for technical requirements, and NOM-018-ENER-2015 for emission limits impact rental equipment. International certifications like UL or IEC enhance credibility. Environmental and noise pollution regulations, along with grid access limitations, influence equipment usage, while state and local regulations, permitting timelines, and taxation add complexity to the market landscape.

The Mexican power rental market presents lucrative opportunities for investors and industry players. By understanding the market dynamics, key trends, and challenges, companies can develop strategic plans and tailor their offerings to capture a significant share of this growing market.


1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Mexico Macro Economic Indicators
5. Market Dynamics
5.1. Key Findings
5.2. Key Developments - 2021
5.3. Market Drivers & Opportunities
5.4. Market Restraints & Challenges
5.5. Market Trends
5.6. Covid-19 Effect
5.7. Supply chain Analysis
5.8. Policy & Regulatory Framework
5.9. Industry Experts Views
6. Mexico Power Rental Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast By Equipments
6.3. Market Size and Forecast By Fuel Type
6.4. Market Size and Forecast By Power Rating
6.5. Market Size and Forecast By Application
6.6. Market Size and Forecast By End-User
7. Mexico Power Rental Market Segmentations
7.1. Mexico Power Rental Market, By Equipments
7.1.1. Mexico Power Rental Market Size, By Generators, 2018-2029
7.1.2. Mexico Power Rental Market Size, By Transformers, 2018-2029
7.1.3. Mexico Power Rental Market Size, By Load Banks, 2018-2029
7.1.4. Mexico Power Rental Market Size, By Other Equipments, 2018-2029
7.2. Mexico Power Rental Market, By Fuel Type
7.2.1. Mexico Power Rental Market Size, By Diesel, 2018-2029
7.2.2. Mexico Power Rental Market Size, By Natural Gas, 2018-2029
7.2.3. Mexico Power Rental Market Size, By Other Fuel Types, 2018-2029
7.2.4. Mexico Power Rental Market Size, By Below 75 kVA, 2018-2029
7.2.5. Mexico Power Rental Market Size, By 75-375 kVA, 2018-2029
7.2.6. Mexico Power Rental Market Size, By 375-750 kVA, 2018-2029
7.2.7. Mexico Power Rental Market Size, By Above 750 KVA, 2018-2029
7.3. Mexico Power Rental Market, By Application
7.3.1. Mexico Power Rental Market Size, By Base Load, 2018-2029
7.3.2. Mexico Power Rental Market Size, By Standby Power, 2018-2029
7.3.3. Mexico Power Rental Market Size, By Peak Shaving, 2018-2029
7.4. Mexico Power Rental Market, By End-User
7.4.1. Mexico Power Rental Market Size, By Mining, 2018-2029
7.4.2. Mexico Power Rental Market Size, By Construction, 2018-2029
7.4.3. Mexico Power Rental Market Size, By Manufacturing, 2018-2029
7.4.4. Mexico Power Rental Market Size, By Utility, 2018-2029
7.4.5. Mexico Power Rental Market Size, By Events, 2018-2029
7.4.6. Mexico Power Rental Market Size, By Oil & Gas, 2018-2029
7.4.7. Mexico Power Rental Market Size, By Others, 2018-2029
8. Mexico Power Rental Market Opportunity Assessment
8.1. By Equipments, 2024 to 2029
8.2. By Fuel Type, 2024 to 2029
8.3. By Power Rating, 2024 to 2029
8.4. By Application, 2024 to 2029
8.5. By End-User, 2024 to 2029
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.1.1. Company Snapshot
9.2.1.2. Company Overview
9.2.1.3. Financial Highlights
9.2.1.4. Geographic Insights
9.2.1.5. Business Segment & Performance
9.2.1.6. Product Portfolio
9.2.1.7. Key Executives
9.2.1.8. Strategic Moves & Developments
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer
List of Figures
Figure 1: Mexico Power Rental Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 2: Market Attractiveness Index, By Equipments
Figure 3: Market Attractiveness Index, By Fuel Type
Figure 4: Market Attractiveness Index, By Power Rating
Figure 5: Market Attractiveness Index, By Application
Figure 6: Market Attractiveness Index, By End-User
Figure 7: Porter's Five Forces of Mexico Power Rental Market
List of Tables
Table 1: Influencing Factors for Mexico Power Rental Market, 2023
Table 2: Mexico Power Rental Market Size and Forecast By Equipments (2018, 2023 & 2029F)
Table 3: Mexico Power Rental Market Size and Forecast By Fuel Type (2018, 2023 & 2029F)
Table 4: Mexico Power Rental Market Size and Forecast By Power Rating (2018, 2023 & 2029F)
Table 5: Mexico Power Rental Market Size and Forecast By Application (2018, 2023 & 2029F)
Table 6: Mexico Power Rental Market Size and Forecast By End-User (2018, 2023 & 2029F)
Table 7: Mexico Power Rental Market Size of Generators (2018 to 2029) in USD Billion
Table 8: Mexico Power Rental Market Size of Transformers (2018 to 2029) in USD Billion
Table 9: Mexico Power Rental Market Size of Load Banks (2018 to 2029) in USD Billion
Table 10: Mexico Power Rental Market Size of Other Equipments (2018 to 2029) in USD Billion
Table 11: Mexico Power Rental Market Size of Diesel (2018 to 2029) in USD Billion
Table 12: Mexico Power Rental Market Size of Natural Gas (2018 to 2029) in USD Billion
Table 13: Mexico Power Rental Market Size of Other Fuel Types (2018 to 2029) in USD Billion
Table 14: Mexico Power Rental Market Size of Below 75 kVA (2018 to 2029) in USD Billion
Table 15: Mexico Power Rental Market Size of 75-375 kVA (2018 to 2029) in USD Billion
Table 16: Mexico Power Rental Market Size of 375-750 kVA (2018 to 2029) in USD Billion
Table 17: Mexico Power Rental Market Size of Above 750 KVA (2018 to 2029) in USD Billion
Table 18: Mexico Power Rental Market Size of Base Load (2018 to 2029) in USD Billion
Table 19: Mexico Power Rental Market Size of Standby Power (2018 to 2029) in USD Billion
Table 20: Mexico Power Rental Market Size of Peak Shaving (2018 to 2029) in USD Billion
Table 21: Mexico Power Rental Market Size of Mining (2018 to 2029) in USD Billion
Table 22: Mexico Power Rental Market Size of Construction (2018 to 2029) in USD Billion
Table 23: Mexico Power Rental Market Size of Manufacturing (2018 to 2029) in USD Billion
Table 24: Mexico Power Rental Market Size of Utility (2018 to 2029) in USD Billion
Table 25: Mexico Power Rental Market Size of Events (2018 to 2029) in USD Billion
Table 26: Mexico Power Rental Market Size of Oil & Gas (2018 to 2029) in USD Billion
Table 27: Mexico Power Rental Market Size of Others (2018 to 2029) in USD Billion

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