Demand from the Oil & Gas Sector Critical to Support Sales of Diesel Generators in Mexico, Finds Frost & Sullivan
Generator set manufacturers need to consider alternative fuels to comply with government regulations
BUENOS AIRES, Argentina, Sept. 18, 2013 /PRNewswire/ -- The Mexican oil and gas industry is responsible for 21 percent of the total sales of diesel generator sets in the country. Frantic activities in the areas of drilling, exploration, national pipeline system expansion, and soil remediation created a fertile market for diesel generator, contributing $47.6 million to the total market revenues in 2012.
New analysis from Frost & Sullivan (http://www.energy.frost.com), Mexican Market for Diesel Generators, finds that the total market earned revenues of $216.2 million in 2012 and estimates this to reach $397.6 million in 2018 mainly due to investments in end-user sectors of oil and gas and mining.
The mining sector is a natural market for diesel generators, even though it represents less than 2 percent of the gross domestic product (GDP). Generator set manufacturers are aware that the abundance of resources such as coal, copper, gold, iron ore, lead, silver, zinc, and other minerals in Mexico makes this an ideal, untapped end-user sector.
"While booming end-user sectors bring much cheer to the market, government-initiated programs to promote energy-efficient and low-emission products could hamper the growth of some manufacturers, unless they learn to adapt," said Frost & Sullivan Energy & Environmental Consultant Julio Campos. "For instance, they could modify their generators to run on renewables such as biogas, biodiesel, and dual fuels, which are supported by government programs."
Generator set manufacturers should also be wary of the competition from microturbines. These products are popular among end users due to their small carbon footprint, multiple-fuel options, and low-maintenance features.
In a competitive market such as this, service and client management is what sets participants apart from each another.
"Diesel generator manufacturers must also keenly track the implementation of the smart grid in Mexico to take advantage of the opportunities that this new market will offer in terms of distributed power generation," added Campos.
If you are interested in more information on this research, please send an email to Francesca Valente, Corporate Communications, at firstname.lastname@example.org, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
Mexican Market for Diesel Generators is part of the Energy & Power Growth Partnership Service program. Frost & Sullivan's related research services include: Mexican Distributed Power Generation Market and Mexican Wind Power Generation Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Mexican Market for Diesel Generators
Corporate Communications – Latin America
P: +54 11 4777 5300
F: +54 11 4777 5300
SOURCE Frost & Sullivan
More by this Source
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.