Market Size of South America Diesel Generator Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 2.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South America Diesel Generator Market Analysis
The South America diesel generator market is expected to grow at a CAGR of more than 2.5% during the forecast period (2022-2027).
The market was negatively impacted by the Covid-19 pandemic, as power demand from majore end-user segments fell signficantly. However, the market has since rebounded, and is expected to reach pre-pandemic levels during the forecast period.
- Over the long term, the region's poor grid infrastructure necessitating power supply in off-grid locations is expected to drive the demand for diesel generators during the forecast period.
- On the flip side, the shift towards cleaner resources and advancement in battery technologies are likely to restrain the diesel generator market during the forecast period.
- The emerging use of the portable diesel generators in home and event applications, which produce energy for lighting, sump pumps, refrigerators, air conditioners, and medical equipment are anticipated to create ample opportunities for diesel generators in near future.
