LAMEA Power Generation Equipment Market Size, Share & Trends Analysis Report By Type (Turbine & Engines, Generators, and Others), By Application (Utility, Industrial, Commercial, and Residential), By Country and Growth Forecast, 2024 - 2031

PUBLISHED: April 5, 2024

PAGES: 103 Pages

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The Latin America, Middle East and Africa Power Generation Equipment Market would witness market growth of 7.1% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Power Generation Equipment Market, by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,865.9 Million by 2031. The Argentina market is showcasing a CAGR of 7.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 6.8% during (2024 - 2031).

Power generation equipment serves many uses and functions across various sectors and industries, playing a vital role in providing reliable electricity supply, supporting economic activities, and enhancing energy resilience. For instance, the primary function of this equipment is to convert various energy sources into electricity. Power plants utilize turbines, generators, boilers, and other components to produce electricity on a large scale, which is then transmitted through the grid to homes, businesses, and industries.

Furthermore, this equipment serves as backup and emergency power supply systems in critical facilities and infrastructure to ensure uninterrupted electricity supply during grid outages, blackouts, or emergencies. Backup generators, uninterruptible power supply (UPS) systems, and standby power systems provide reliable backup power for hospitals, data centers, telecommunications networks, and emergency response centers.

As per the Dubai Statistics Center, in 2022, there were 13,236 buildings under construction in Dubai and 1,941 completed buildings. Rapid urbanization has increased demand for housing, commercial spaces, and public amenities. Cities like Dubai and Abu Dhabi have grown substantially, requiring more infrastructure and real estate developments. Similarly, According to the Household Energy Statistics 2022, Riyadh Region, being the most populated region, accounted for the highest share of household electricity consumption at 28.5%, followed by Makkah Region with 24.4%. The total share of dwellings using various sources of electricity in Saudi Arabia was 99.9%, as 98.4% of dwellings are using public network, and 1.1% are using private network. In conclusion, the increasing construction activities due to high urbanization and rising regional electricity consumption drive the market's growth.

Based on Type, the market is segmented into Turbine & Engines, Generators, and Others. Based on Application, the market is segmented into Utility, Industrial, Commercial, and Residential. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

Mitsubishi Heavy Industries Ltd.
Wartsila Corporation
ABB Ltd.
Siemens Energy AG
General Electric Company
Caterpillar, Inc.
Bharat Heavy Electricals Ltd.
Schneider Electric SE
Cummins, Inc.
Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)

LAMEA Power Generation Equipment Market Report Segmentation

By Type

Turbine & Engines
Generators
Others

By Application

Utility
Industrial
Commercial
Residential

By Country

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1LAMEA Power Generation Equipment Market, by Type
- 1.4.2LAMEA Power Generation Equipment Market, by Application
- 1.4.3LAMEA Power Generation Equipment Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges

Chapter 4.Competition Analysis - Global

4.1KBV Cardinal Matrix
4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
- 4.2.4Geographical expansion
4.3Top Winning Strategies
- 4.3.1Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.3.2Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Nov - 2020, Mar) Leading Players
4.4Porter's Five Forces Analysis

Chapter 5.LAMEA Power Generation Equipment Market, by Type

5.1LAMEA Turbine & Engines Market, by Country
5.2LAMEA Generators Market, by Country
5.3LAMEA Others Market, by Country

Chapter 6.LAMEA Power Generation Equipment Market, by Application

6.1LAMEA Utility Market, by Country
6.2LAMEA Industrial Market, by Country
6.3LAMEA Commercial Market, by Country
6.4LAMEA Residential Market, by Country

Chapter 7.LAMEA Power Generation Equipment Market, by Country

7.1Brazil Power Generation Equipment Market
- 7.1.1Brazil Power Generation Equipment Market, by Type
- 7.1.2Brazil Power Generation Equipment Market, by Application
7.2Argentina Power Generation Equipment Market
- 7.2.1Argentina Power Generation Equipment Market, by Type
- 7.2.2Argentina Power Generation Equipment Market, by Application
7.3UAE Power Generation Equipment Market
- 7.3.1UAE Power Generation Equipment Market, by Type
- 7.3.2UAE Power Generation Equipment Market, by Application
7.4Saudi Arabia Power Generation Equipment Market
- 7.4.1Saudi Arabia Power Generation Equipment Market, by Type
- 7.4.2Saudi Arabia Power Generation Equipment Market, by Application
7.5South Africa Power Generation Equipment Market
- 7.5.1South Africa Power Generation Equipment Market, by Type
- 7.5.2South Africa Power Generation Equipment Market, by Application
7.6Nigeria Power Generation Equipment Market
- 7.6.1Nigeria Power Generation Equipment Market, by Type
- 7.6.2Nigeria Power Generation Equipment Market, by Application
7.7Rest of LAMEA Power Generation Equipment Market
- 7.7.1Rest of LAMEA Power Generation Equipment Market, by Type
- 7.7.2Rest of LAMEA Power Generation Equipment Market, by Application

Chapter 8.Company Profiles

8.1Mitsubishi Heavy Industries Ltd.
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Segmental Analysis
- 8.1.4Research & Development Expenses
- 8.1.5Recent strategies and developments:
  - 8.1.5.1Partnerships, Collaborations, and Agreements:
  - 8.1.5.2Acquisition and Mergers:
- 8.1.6SWOT Analysis
8.2Wartsila Corporation
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental Analysis and Regional Analysis
- 8.2.4Research & Development Expenses
- 8.2.5SWOT Analysis
8.3ABB Ltd.
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expense
- 8.3.5Recent strategies and developments:
  - 8.3.5.1Acquisition and Mergers:
- 8.3.6SWOT Analysis
8.4Siemens Energy AG
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4Research & Development Expenses
- 8.4.5Recent strategies and developments:
  - 8.4.5.1Geographical Expansions:
- 8.4.6SWOT Analysis
8.5General Electric Company
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4Research & Development Expense
- 8.5.5SWOT Analysis
8.6Caterpillar, Inc.
- 8.6.1Company Overview
- 8.6.2Financial Analysis
- 8.6.3Segmental and Regional Analysis
- 8.6.4Research & Development Expense
- 8.6.5Recent strategies and developments:
  - 8.6.5.1Product Launches and Product Expansions:
  - 8.6.5.2Acquisition and Mergers:
- 8.6.6SWOT Analysis
8.7Bharat Heavy Electricals Ltd.
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segmental and Regional Analysis
- 8.7.4Research & Development Expenses
- 8.7.5SWOT Analysis
8.8Schneider Electric SE
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Segmental and Regional Analysis
- 8.8.4Research & Development Expense
- 8.8.5Recent strategies and developments:
  - 8.8.5.1Partnerships, Collaborations, and Agreements:
  - 8.8.5.2Product Launches and Product Expansions:
- 8.8.6SWOT Analysis
8.9Cummins, Inc.
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.9.3Regional & Segmental Analysis
- 8.9.4Research & Development Expenses
- 8.9.5Recent strategies and developments:
  - 8.9.5.1Partnerships, Collaborations, and Agreements:
  - 8.9.5.2Product Launches and Product Expansions:
  - 8.9.5.3Acquisition and Mergers:
- 8.9.6SWOT Analysis
8.10.Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)
- 8.10.1Company Overview
- 8.10.2Financial Analysis
- 8.10.3Segmental and Regional Analysis
- 8.10.4Research and Development Expense

LIST OF TABLES

TABLE 1LAMEA Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 2LAMEA Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 3Partnerships, Collaborations and Agreements- Power Generation Equipment Market
TABLE 4Product Launches And Product Expansions- Power Generation Equipment Market
TABLE 5Acquisition and Mergers- Power Generation Equipment Market
TABLE 6Geographical expansion - Power Generation Equipment Market
TABLE 7LAMEA Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 8LAMEA Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 9LAMEA Turbine & Engines Market, by Country, 2020 - 2023, USD Million
TABLE 10LAMEA Turbine & Engines Market, by Country, 2024 - 2031, USD Million
TABLE 11LAMEA Generators Market, by Country, 2020 - 2023, USD Million
TABLE 12LAMEA Generators Market, by Country, 2024 - 2031, USD Million
TABLE 13LAMEA Others Market, by Country, 2020 - 2023, USD Million
TABLE 14LAMEA Others Market, by Country, 2024 - 2031, USD Million
TABLE 15LAMEA Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 16LAMEA Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 17LAMEA Utility Market, by Country, 2020 - 2023, USD Million
TABLE 18LAMEA Utility Market, by Country, 2024 - 2031, USD Million
TABLE 19LAMEA Industrial Market, by Country, 2020 - 2023, USD Million
TABLE 20LAMEA Industrial Market, by Country, 2024 - 2031, USD Million
TABLE 21LAMEA Commercial Market, by Country, 2020 - 2023, USD Million
TABLE 22LAMEA Commercial Market, by Country, 2024 - 2031, USD Million
TABLE 23LAMEA Residential Market, by Country, 2020 - 2023, USD Million
TABLE 24LAMEA Residential Market, by Country, 2024 - 2031, USD Million
TABLE 25LAMEA Power Generation Equipment Market, by Country, 2020 - 2023, USD Million
TABLE 26LAMEA Power Generation Equipment Market, by Country, 2024 - 2031, USD Million
TABLE 27Brazil Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 28Brazil Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 29Brazil Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 30Brazil Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 31Brazil Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 32Brazil Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 33Argentina Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 34Argentina Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 35Argentina Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 36Argentina Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 37Argentina Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 38Argentina Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 39UAE Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 40UAE Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 41UAE Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 42UAE Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 43UAE Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 44UAE Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 45Saudi Arabia Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 46Saudi Arabia Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 47Saudi Arabia Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 48Saudi Arabia Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 49Saudi Arabia Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 50Saudi Arabia Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 51South Africa Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 52South Africa Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 53South Africa Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 54South Africa Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 55South Africa Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 56South Africa Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 57Nigeria Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 58Nigeria Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 59Nigeria Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 60Nigeria Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 61Nigeria Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 62Nigeria Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 63Rest of LAMEA Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 64Rest of LAMEA Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 65Rest of LAMEA Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 66Rest of LAMEA Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 67Rest of LAMEA Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 68Rest of LAMEA Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 69Key Information - Mitsubishi Heavy Industries Ltd.
TABLE 70Key Information - Wartsila Corporation
TABLE 71Key Information - ABB Ltd.
TABLE 72Key Information - Siemens Energy AG
TABLE 73Key Information - General Electric Company
TABLE 74key information - Caterpillar, Inc.
TABLE 75Key information - Bharat Heavy Electricals Ltd.
TABLE 76Key Information - Schneider Electric SE
TABLE 77Key information - Cummins, Inc.
TABLE 78Key Information - Toshiba Energy Systems & Solutions Corporation