Mexico - North America Natural Gas Generator Market Size & Outlook
- Energy & Power
- Power Generation
- Natural Gas Generator Market Outlook
- Power Generation
Global Market
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Mexico natural gas generator market highlights
- The Mexico natural gas generator market generated a revenue of USD 342.9 million in 2025 and is expected to reach USD 692.8 million by 2033.
- The Mexico market is expected to grow at a CAGR of 9% from 2026 to 2033.
- In terms of segment, industrial was the largest revenue generating application in 2025.
- Commercial is the most lucrative application segment registering the fastest growth during the forecast period.
Natural gas generator market data book summary
| Market revenue in 2025 | USD 342.9 million |
| Market revenue in 2033 | USD 692.8 million |
| Growth rate | 9% (CAGR from 2026 to 2033) |
| Largest segment | Industrial |
| Fastest growing segment | Commercial |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial, Commercial, Residential |
| Key market players worldwide | Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Mitsubishi Heavy Industries Ltd, Kohler, GE Aerospace, MTU Onsite Energy, Mahindra & Mahindra Ltd DR |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.2% of the global natural gas generator market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. natural gas generator market is projected to lead the regional market in terms of revenue in 2033.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,244.4 million by 2033.
The Ministry of Energy, Mexico launched the Development Program of the National Electric System (PRODESEN) 2018 – 2032 in May 2018. Under this program, the government planned to add 66.91 GW of additional power capacity across the country to satisfy the expected power demand until 2032.
Under the newly installed capacity, combined cycle power plants are projected to account for a maximum share of around 42%. Moreover, 48 combined cycle power projects are expected to be deployed by 2032.
Growing installation of power plants is projected to drive the demand for natural gas generator sets in Mexico as generator sets of medium and high-power rating are used in power plants as a backup power source for the station’s critical auxiliary equipment.
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Publish Date: Jun 11, 2026
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Natural Gas Generator Market Scope
Natural Gas Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Caterpillar Inc | View profile | 121,173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | www.caterpillar.com |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Mitsubishi Heavy Industries Ltd | View profile | 86,331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | www.mhi.com |
| Cummins Inc | View profile | 75,500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | www.cummins.com |
| Kohler | View profile | 10001+ | Kohler, Wisconsin, United States, North America | www.kohler.com |
| Mahindra & Mahindra Ltd DR | View profile | 61,874 | Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 | www.mahindra.com |
| Generac Holdings Inc | View profile | 8,600 | S45 W29290 Highway 59, Waukesha, WI, United States, 53189 | www.generac.com |
| MTU Onsite Energy | View profile | 5001-10000 | Friedrichshafen, Baden-Wurttemberg, Germany, Europe | www.mtu-online.com |
Mexico - North America Natural Gas Generator Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Natural Gas Generator Market Outlook will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 45.26% in 2025.
Horizon Databook has segmented the Mexico - North America natural gas generator market based on industrial, commercial, residential covering the revenue growth of each sub-segment from 2021 to 2033.
The Ministry of Energy, Mexico launched the Development Program of the National Electric System (PRODESEN) 2018 – 2032 in May 2018. Under this program, the government planned to add 66.91 GW of additional power capacity across the country to satisfy the expected power demand until 2032.
Under the newly installed capacity, combined cycle power plants are projected to account for a maximum share of around 42%. Moreover, 48 combined cycle power projects are expected to be deployed by 2032.
Growing installation of power plants is projected to drive the demand for natural gas generator sets in Mexico as generator sets of medium and high-power rating are used in power plants as a backup power source for the station’s critical auxiliary equipment.
- Mexico - North America Natural Gas Generator Market Application Outlook (Revenue, USD Million , 2021-2033)
- Industrial
- Commercial
- Residential
- Mexico - North America Natural Gas Generator Market Power Rating Outlook (Revenue, USD Million , 2021-2033)
- Medium Power Gensets
- Low Power Gensets
- HighPower Gensets
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - North America Natural Gas Generator Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Natural Gas Generator Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Mexico - North America Natural Gas Generator Market, 2021-2033 (US$M)
Mexico Application - Natural Gas Generator Market Statistics, 2025 - 2033 (US$M)
