London, 14 April 2015 – Investment in infrastructure development has spurred growth in the Diesel Genset Market in Mexico, which is expected to post a CAGR of 10.98 percent from 2015-2019, says research firm Technavio.
About the Report:
To make Mexico a favorite destination for investment and improve its global competitiveness, the government of Mexico has raised its infrastructure budget. This increased investment has propelled demand for diesel gensets during infrastructure development, and also for providing power backup for the established infrastructure.
The new Technavio report draws attention towards an increase in the number of manufacturing facilities. The availability of abundant oil, minerals and low-cost labor along with increased initiatives and programs undertaken by the government has led to a growing number of manufacturing facilities in Mexico.
“Increased Foreign Direct Investment (FDI) across various industries and more infrastructure investment are some of the major factors for the increase in investment in Mexico,” says Faisal Ghaus, Vice President of Technavio.
“The recovery in the US market has also led to increased imports from Mexico, thus resulting in greater production activity.”
Furthermore, the market is witnessing an increase in the demand for hybrid generators that run on both gas and diesel, which is also expected to boost market projections.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increased investment in infrastructure
- For a full detailed list, view our report.
Market Challenges:
- Increased use of natural gas for producing electricity
- For a full detailed list, view our report.
Market Trends:
- Increase in number of manufacturing facilities
- For a full detailed list, view our report.
Key Vendors:
- Caterpillar Inc.
- Cummins Inc.
- Kohler Co.
Other Prominent Vendors:
- ABB
- Eaton
- GE
- Mitsubishi Heavy Industries
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
