Latin America Distributed Natural Gas Fueled Generation Market Size & Outlook
The distributed natural gas fueled generation market in Latin America is expected to reach a projected revenue of US$ 9,626.6 million by 2030. A compound annual growth rate of 6.2% is expected of Latin America distributed natural gas fueled generation market from 2024 to 2030.
Revenue, 2023 (US$M)
$6,299.1
Forecast, 2030 (US$M)
$9,626.6
CAGR, 2024 - 2030
6.2%
Report Coverage
Latin America
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Latin America distributed natural gas fueled generation market highlights
- The Latin America distributed natural gas fueled generation market generated a revenue of USD 6,299.1 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, internal combustion engine gas was the largest revenue generating type in 2023.
- Internal Combustion Engine Gas is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 6,299.1 million |
| Market revenue in 2030 | USD 9,626.6 million |
| Growth rate | 6.2% (CAGR from 2024 to 2030) |
| Largest segment | Internal combustion engine gas |
| Fastest growing segment | Internal Combustion Engine Gas |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Internal Combustion Engine Gas |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.1% of the global distributed natural gas fueled generation market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 46,611.1 million by 2030.
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Distributed natural Gas Fueled Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Doosan | View profile | 10001+ | Crawley, West Sussex, United Kingdom, Europe | https://www.doosanpowersystems.com |
| Rolls-Royce | View profile | 10001+ | London, England, United Kingdom, Europe | http://www.rolls-royce.com |
| MAN Energy Solutions | View profile | 10001+ | Munich, Bayern, Germany, Europe | https://www.man-es.com/ |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Kawasaki Heavy Industries Ltd | View profile | 38254 | Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Japan, 650-8680 | http://www.khi.co.jp |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
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