Market Size of South America Gas Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Gas Generator Market Analysis
The market for the gas generator in South America is expected to grow at CAGR of more than 1.5% in the forecast period of 2020-2025. Factors, such as increasing awareness regarding natural gas as a clean and reliable fuel, increased concerns over diesel maintenance and refueling issues, decreasing natural gas fuel prices, and the increasing awareness among consumers to be more environmentally responsible, have supplemented the demand for gas generators in recent years. However, the lack of gas grid connectivity via pipeline and decreasing natural gas production, resulting in hindered fuel supply, is expected to act as a challenging factor to overcome the gas generators market in the coming years.
- Below 75 kVA capacity generators are estimated to have the largest market share during the forecast period, supported by the increase in demand from telecom, retail, other commercial buildings, and remote areas without access to proper electricity.
- The emerging commercial and industrial sectors of Chile and Colombia are likely going to create several opportunities for the South America generator sets market in the future.
- Brazil, due to its increasing urbanization and industrialization in the region, is expected to dominate the South America gas generator market.
