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

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.

Free Valuable Insights: The Worldwide Power Generation Equipment Market is Projected to reach USD 157.7 Billion by 2031, at a CAGR of 4.6%

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

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical expansion
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Nov – 2020, Mar) Leading Players
4.4 Porter’s Five Forces Analysis

Chapter 5. LAMEA Power Generation Equipment Market, by Type
5.1 LAMEA Turbine & Engines Market, by Country
5.2 LAMEA Generators Market, by Country
5.3 LAMEA Others Market, by Country

Chapter 6. LAMEA Power Generation Equipment Market, by Application
6.1 LAMEA Utility Market, by Country
6.2 LAMEA Industrial Market, by Country
6.3 LAMEA Commercial Market, by Country
6.4 LAMEA Residential Market, by Country

Chapter 7. LAMEA Power Generation Equipment Market, by Country
7.1 Brazil Power Generation Equipment Market
7.1.1 Brazil Power Generation Equipment Market, by Type
7.1.2 Brazil Power Generation Equipment Market, by Application
7.2 Argentina Power Generation Equipment Market
7.2.1 Argentina Power Generation Equipment Market, by Type
7.2.2 Argentina Power Generation Equipment Market, by Application
7.3 UAE Power Generation Equipment Market
7.3.1 UAE Power Generation Equipment Market, by Type
7.3.2 UAE Power Generation Equipment Market, by Application
7.4 Saudi Arabia Power Generation Equipment Market
7.4.1 Saudi Arabia Power Generation Equipment Market, by Type
7.4.2 Saudi Arabia Power Generation Equipment Market, by Application
7.5 South Africa Power Generation Equipment Market
7.5.1 South Africa Power Generation Equipment Market, by Type
7.5.2 South Africa Power Generation Equipment Market, by Application
7.6 Nigeria Power Generation Equipment Market
7.6.1 Nigeria Power Generation Equipment Market, by Type
7.6.2 Nigeria Power Generation Equipment Market, by Application
7.7 Rest of LAMEA Power Generation Equipment Market
7.7.1 Rest of LAMEA Power Generation Equipment Market, by Type
7.7.2 Rest of LAMEA Power Generation Equipment Market, by Application

Chapter 8. Company Profiles
8.1 Mitsubishi Heavy Industries Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Wartsila Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 ABB Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Siemens Energy AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Geographical Expansions:
8.4.6 SWOT Analysis
8.5 General Electric Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Caterpillar, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Bharat Heavy Electricals Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Schneider Electric SE
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Cummins, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional & Segmental Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.5.3 Acquisition and Mergers:
8.9.6 SWOT Analysis
8.10. Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research and Development Expense

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

List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Power Generation Equipment Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Power Generation Equipment Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Nov – 2020, Mar) Leading Players
FIG 7 Porter’s Five Forces Analysis – Power Generation Equipment Market
FIG 8 LAMEA Power Generation Equipment Market share, by Type, 2023
FIG 9 LAMEA Power Generation Equipment Market share, by Type, 2031
FIG 10 LAMEA Power Generation Equipment Market, by Type, 2020 - 2031, USD Million
FIG 11 LAMEA Power Generation Equipment Market share, by Application, 2023
FIG 12 LAMEA Power Generation Equipment Market share, by Application, 2031
FIG 13 LAMEA Power Generation Equipment Market, by Application, 2020 - 2031, USD Million
FIG 14 LAMEA Power Generation Equipment Market share, by Country, 2023
FIG 15 LAMEA Power Generation Equipment Market share, by Country, 2031
FIG 16 LAMEA Power Generation Equipment Market, by Country, 2020 - 2031, USD Million
FIG 17 Recent strategies and developments: Mitsubishi Heavy Industries Ltd.
FIG 18 Swot Analysis: Mitsubishi Heavy Industries Ltd.
FIG 19 SWOT Analysis: Wartsila Corporation
FIG 20 SWOT Analysis: ABB ltd.
FIG 21 SWOT Analysis: Siemens Energy AG
FIG 22 SWOT Analysis: General Electric Company
FIG 23 SWOT Analysis: Caterpillar, Inc.
FIG 24 SWOT Analysis: Bharat Heavy Electricals Ltd.
FIG 25 SWOT Analysis: Schneider Electric SE
FIG 26 Recent strategies and developments: Cummins, Inc.
FIG 27 SWOT Analysis: Cummins, Inc.