South America Diesel Generator Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Diesel generators provide prime, standby and continuous power output to residential, commercial & industrial sector, and is also a reliable source of power generation in an emergency situation and at a remote location. The South America diesel generator market is expected to grow at a CAGR of more than 2.5% during the forecast period. Factors such as growing urbanization, rise in power outages, the high average price of power produced through conventional power plants, and poor grid infrastructure have resulted in the demand for excess and uninterrupted electricity supply are expected to drive the demand for diesel generators during the forecast period. Diesel generators provide reliable and continuous power supply according to consumer needs with safe operations and high efficiency. All these major factors are driving the demand for diesel generators in South America. However, the shift towards cleaner resources and advancement in battery technologies are likely to restrain the diesel generator market during the forecast period.
Key HighlightsThe South America diesel generator market is moderately fragmented. Some of the major key players in the market include Caterpillar Inc., Cummins Inc., Generac Holdings Inc., MTU Onsite Energy Corp, and Kohler Co.
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