SAN ANTONIO, TX, UNITED STATES, December 12, 2024 -- A comprehensive analysis by Verify Markets reveals a steady growth trajectory for the Latin American Power Rental Market, post-pandemic, with an expected compound annual growth rate (CAGR) of over 3.5 percent from 2023 to 2030. The market, valued at $979.2 million in 2024, is forecasted to reach over $1.2 billion by 2031.
The growth is driven by surging demand for temporary power solutions in key industries, including mining, construction, and utilities. Brazil leads the regional market with almost one third of total revenues, followed by Mexico and Argentina. The mining sector, which contributes 25.0 percent of the end user market, underscores the critical role of rental power in enabling exploration, production, and infrastructure development across Latin America.
While the market holds immense potential, challenges such as equipment shortages, labor deficits, and socio-environmental movements temper its growth. Bureaucratic hurdles and logistical complexities further underscore the need for adaptable solutions to sustain operations in remote and underserved regions.
Major trends shaping the sector include a shift towards turnkey power solutions, hybrid power models integrating renewable energy, and increasing adoption of battery storage systems. These advancements, alongside rapid urbanization and rising energy demands, highlight the sector's evolution toward flexibility and sustainability.
As companies increasingly explore energy-as-a-service models, the Latin American power rental market is set for further transformation. The market demonstrates a growing preference for renting over ownership, driven by operational efficiency, financial flexibility, and the rising need for environmentally-friendly solutions.
Some of the key companies covered in this report include Aggreko, Tecnogera, A Geradora, APR Energy, So Energy, Caterpillar, Sullair and Secco, among others. A detailed assessment of this market is now available in Verify Markets' latest report, the 2024 Latin American Power Rental Market, offering in-depth insights into revenues, drivers, restraints, trends, and competitive dynamics. The report highlights contributions from industry leaders while forecasting the future of power rental solutions across Latin America.
A copy of the Latin American Power Rental Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
- North American Temporary Heating Market
- North American Power Rental Market
- North American Temporary Cooling Market
- North American Cooling Tower Market
- North American Pump Equipment: OEM and Rental Markets
- Global Temporary Power Projects Market
- North American Generator Set Market
- North American Temporary Fencing Market
- North American Electrical Distribution Equipment Rental Market
- North American Air Compressor Rental Market
- US Utility-Scale Energy Storage Market
- North American Ground Protection Rental Market
- North American Aerial Equipment Rental Market
- Latin American Generator Set Market
- UPS Rental Market: North America
- North American Steam Boiler Rental Market
- Global Power Rental Market
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