Mexico Generator Sets Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
Description
Mexico Generator Sets Market was valued at USD 622.2 million in 2024 and is estimated to grow at a CAGR of 6.6% to reach USD 1.17 billion by 2034.
In Mexico, there is a rising need for reliable and uninterrupted power supply, especially in remote and industrial regions. Frequent power outages, particularly in areas with less reliable grids, are driving the adoption of generator sets for both residential and commercial applications. As industries such as manufacturing, construction, and oil & gas continue to grow, the demand for backup power solutions to avoid operational disruptions is increasing, propelling the market forward.
Rising Adoption of Diesel
The diesel segment held a significant share in 2024, owing to its widespread use in industrial, commercial, and residential applications. Diesel generators are known for their reliability, fuel efficiency, and long operational lifespan, making them a popular choice for businesses needing backup power during grid failures or for off-grid locations. Despite challenges such as high fuel costs and environmental concerns, the diesel segment continues to dominate the market.
Increasing Demand in the Industrial Sector
The industrial segment generated a substantial share in 2024, backed by a growing demand for high-capacity generators that can support large-scale operations in manufacturing, mining, and agriculture. Mexico’s expanding industrial base requires reliable power sources to ensure continuous production, making industrial generator sets essential for preventing downtimes and safeguarding operational efficiency.
Standby to Gain Traction
The standby segment held a robust share in 2024 owing to unreliable grid connections and frequent power outages. Standby generators, often used as backup power solutions during electrical interruptions, are gaining popularity in both small businesses and large commercial establishments that cannot afford operational disruptions.
North Border to Emerge as a Propelling Region
North Border generator sets market will grow at a decent CAGR during 2025-2034, fueled by significant demand for power solutions. In areas like Tijuana, Ciudad Juárez, and Monterrey, the growing presence of manufacturing plants, logistics centers, and data centers has spurred a need for high-performance generator sets that ensure reliable operations in regions with frequent electrical fluctuations.
Major players in the Mexico generator sets market are Generac Power Systems, Yamaha Motor, Cummins, HIMOINSA, MITSUBISHI HEAVY INDUSTRIES, Atlas Copco AB, J C Bamford Excavators, Ottomotores, S.A., Kirloskar Oil Engines, Aggreko, Rolls-Royce, Briggs & Stratton, GH POWER México, Planelec, YANMAR HOLDINGS, Sterlina and Wilson Renewable Energy, Evans, Honda Motor, Caterpillar, Rehlko, Selmec, General Power, Genesal Energy, Wärtsilä, Deere & Company, IGSA Power, Brilltech, Potencia Industrial, and GenMANN Generators.
To strengthen their market foothold in the Mexico generator sets market, companies are adopting a variety of strategies. One of the key strategies is localization—establishing manufacturing plants or assembly units within Mexico to reduce costs and enhance the supply chain efficiency. Companies are also investing in product innovation, focusing on fuel-efficient and environmentally friendly solutions that comply with regulations and help consumers lower their operational costs.
In Mexico, there is a rising need for reliable and uninterrupted power supply, especially in remote and industrial regions. Frequent power outages, particularly in areas with less reliable grids, are driving the adoption of generator sets for both residential and commercial applications. As industries such as manufacturing, construction, and oil & gas continue to grow, the demand for backup power solutions to avoid operational disruptions is increasing, propelling the market forward.
Rising Adoption of Diesel
The diesel segment held a significant share in 2024, owing to its widespread use in industrial, commercial, and residential applications. Diesel generators are known for their reliability, fuel efficiency, and long operational lifespan, making them a popular choice for businesses needing backup power during grid failures or for off-grid locations. Despite challenges such as high fuel costs and environmental concerns, the diesel segment continues to dominate the market.
Increasing Demand in the Industrial Sector
The industrial segment generated a substantial share in 2024, backed by a growing demand for high-capacity generators that can support large-scale operations in manufacturing, mining, and agriculture. Mexico’s expanding industrial base requires reliable power sources to ensure continuous production, making industrial generator sets essential for preventing downtimes and safeguarding operational efficiency.
Standby to Gain Traction
The standby segment held a robust share in 2024 owing to unreliable grid connections and frequent power outages. Standby generators, often used as backup power solutions during electrical interruptions, are gaining popularity in both small businesses and large commercial establishments that cannot afford operational disruptions.
North Border to Emerge as a Propelling Region
North Border generator sets market will grow at a decent CAGR during 2025-2034, fueled by significant demand for power solutions. In areas like Tijuana, Ciudad Juárez, and Monterrey, the growing presence of manufacturing plants, logistics centers, and data centers has spurred a need for high-performance generator sets that ensure reliable operations in regions with frequent electrical fluctuations.
Major players in the Mexico generator sets market are Generac Power Systems, Yamaha Motor, Cummins, HIMOINSA, MITSUBISHI HEAVY INDUSTRIES, Atlas Copco AB, J C Bamford Excavators, Ottomotores, S.A., Kirloskar Oil Engines, Aggreko, Rolls-Royce, Briggs & Stratton, GH POWER México, Planelec, YANMAR HOLDINGS, Sterlina and Wilson Renewable Energy, Evans, Honda Motor, Caterpillar, Rehlko, Selmec, General Power, Genesal Energy, Wärtsilä, Deere & Company, IGSA Power, Brilltech, Potencia Industrial, and GenMANN Generators.
To strengthen their market foothold in the Mexico generator sets market, companies are adopting a variety of strategies. One of the key strategies is localization—establishing manufacturing plants or assembly units within Mexico to reduce costs and enhance the supply chain efficiency. Companies are also investing in product innovation, focusing on fuel-efficient and environmentally friendly solutions that comply with regulations and help consumers lower their operational costs.
Table of Contents
252 Pages
- Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.1.3 Base estimates and calculations
- 1.1.4 Base year calculation
- 1.1.5 Key trends for market estimates
- 1.2 Forecast model
- 1.3 Primary research and validation
- 1.4 Some of the primary sources (but not limited to)
- 1.5 Data mining sources
- 1.5.1 Secondary
- 1.5.1.1 Paid sources
- 1.5.1.2 Public sources
- 1.5.1.3 Sources, by region
- 1.6 Market definitions
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2034
- 2.2 Business trends
- 2.3 Power rating trends
- 2.4 Fuel trends
- 2.5 End use trends
- 2.6 Application trends
- 2.7 Sales channel trends
- 2.8 Regional trends
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Raw material availability & sourcing analysis
- 3.1.2 Manufacturing capacity assessment
- 3.1.3 Supply chain resilience & risk factors
- 3.1.4 Distribution network analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
- 3.6.1 Political factors
- 3.6.2 Economic factors
- 3.6.3 Social factors
- 3.6.4 Technological factors
- 3.6.5 Legal factors
- 3.6.6 Environmental factors
- 3.7 Cost structure analysis of generator sets
- 3.8 Price trend analysis
- 3.8.1 By power rating
- 3.8.2 By application
- 3.9 Future market outlook & emerging opportunities
- 3.10 Technology trends & innovations
- 3.10.1 Digitalization and IoT integration
- 3.10.2 Emerging market penetration
- Chapter 4 Competitive Landscape, 2025
- 4.1 Introduction
- 4.2 Strategic dashboard
- 4.3 Strategic initiatives
- 4.3.1 Major M&A activities
- 4.3.2 Key partnerships and collaborations
- 4.3.3 Product innovations and launches
- 4.3.4 Market expansion strategies
- 4.4 Competitive benchmarking
- 4.5 Innovation & technology landscape
- Chapter 5 Market Size and Forecast, By Power Rating, 2021 - 2034 (USD Million & Units)
- 5.1 Key trends
- 5.2 ≤ 50 kVA
- 5.3 > 50 kVA - 125 kVA
- 5.4 > 125 kVA - 200 kVA
- 5.5 > 200 kVA - 330 kVA
- 5.6 > 330 kVA - 750 kVA
- 5.7 > 750 kVA - 1,500 kVA
- 5.8 > 1,500 kVA - 2,250 kVA
- 5.9 > 2,250 kVA - 3,000 kVA
- Chapter 6 Market Size and Forecast, By Fuel, 2021 - 2034 (USD Million & Units)
- 6.1 Key trends
- 6.2 Diesel
- 6.3 Gas
- 6.4 Gasoline
- 6.5 Hybrid
- Chapter 7 Market Size and Forecast, By End Use, 2021 - 2034 (USD Million & Units)
- 7.1 Key trends
- 7.2 Residential
- 7.2.1 Single family
- 7.2.2 Multi family
- 7.3 Commercial
- 7.3.1 Telecom
- 7.3.2 Healthcare
- 7.3.3 Data centers
- 7.3.4 Educational institutions
- 7.3.5 Government centers
- 7.3.6 Hospitality
- 7.3.7 Retail Sales
- 7.3.8 Real estate
- 7.3.9 Commercial complex
- 7.3.10 Infrastructure
- 7.3.11 Others
- 7.4 Industrial
- 7.4.1 Oil & gas
- 7.4.2 Manufacturing
- 7.4.3 Construction
- 7.4.4 Electric utilities
- 7.4.5 Mining
- 7.4.6 Transportation & logistics
- 7.4.7 Others
- Chapter 8 Market Size and Forecast, By Application, 2021 - 2034 (USD Million & Units)
- 8.1 Key trends
- 8.2 Standby
- 8.3 Peak Shaving
- 8.4 Prime/Continuous
- Chapter 9 Market Size and Forecast, By Sales Channel, 2021 - 2034 (USD Million & Units)
- 9.1 Key trends
- 9.2 Online
- 9.3 Dealer
- 9.4 Retail
- Chapter 10 Market Size and Forecast, By Region, 2021 - 2034 (USD Million & Units)
- 10.1 Key trends
- 10.2 Northern Border
- 10.2.1 Baja California
- 10.2.2 Sonora
- 10.2.3 Chihuahua
- 10.2.4 Coahuila
- 10.2.5 Nuevo León
- 10.2.6 Tamaulipas
- 10.3 Central Bajío
- 10.3.1 Aguascalientes
- 10.3.2 Guanajuato
- 10.3.3 Querétaro
- 10.3.4 San Luis Potosí
- 10.3.5 Jalisco
- 10.4 Mexico City Metropolitan
- 10.4.1 Mexico City
- 10.4.2 Mexico State
- 10.4.3 Morelos
- 10.4.4 Hidalgo
- 10.4.5 Puebla
- 10.5 Southern Region
- 10.5.1 Guerrero
- 10.5.2 Oaxaca
- 10.5.3 Chiapas
- 10.5.4 Veracruz
- 10.5.5 Tabasco
- 10.5.6 Campeche
- 10.5.7 Yucatán
- 10.5.8 Quintana Roo
- Chapter 11 Company Profiles
- 11.1 Aggreko
- 11.2 Atlas Copco AB
- 11.3 Briggs & Stratton
- 11.4 Brilltech
- 11.5 Caterpillar
- 11.6 Cummins
- 11.7 Deere & Company
- 11.8 Evans
- 11.9 FG Wilson
- 11.10 Generac Power Systems
- 11.11 General Power
- 11.12 Genesal Energy
- 11.13 GenMANN Generators
- 11.14 GH POWER México
- 11.15 HIMOINSA
- 11.16 Honda Motor
- 11.17 IGSA Power
- 11.18 J C Bamford Excavators
- 11.19 Kirloskar Oil Engines
- 11.20 MITSUBISHI HEAVY INDUSTRIES
- 11.21 Ottomotores, S.A.
- 11.22 Planelec
- 11.23 Potencia Industrial
- 11.24 Rehlko
- 11.25 Rolls-Royce
- 11.26 Selmec
- 11.27 Sterling and Wilson Renewable Energy
- 11.28 Wärtsilä
- 11.29 Yamaha Motor
- 11.30 YANMAR HOLDINGS
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