Mexico Power Market Size, Share, Trends & Opportunity [2031]
Mexico Power Market Size, Share, Trends & Opportunity [2031]
Segments - Mexico Power Market by Power Sectors (Generation [Hydropower, Non-hydroelectric Renewables, Thermal, and Nuclear], Transmission and Distribution), End-users (Industrial, Residential, Commercial, and Others), and Country (Mexico)–Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023–2031
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| Report ID :EP-2059
| 4.7 Rating
| 54 Reviews
| 178 Pages
| Format :
Report Description
The Mexico power market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5% during 2023–2031. Growth of the market is attributed to increasing energy consumption, rapid industrialization, growing demand for electricity, and developed electricity transmission infrastructure.
The Mexico electricity sector is federally owned, commission federal de electrical is controlling the power sector through specific service contracts the foreign companies & private participation are allowed to operate in the country only. In Mexico, efforts to development of power sector have faced social & political resistance.
The covid-19 outbreak was not able to affect the Mexico power energy corporations. The Mexico power market players faced several problems varying from getting component require to develop electricity and providing end products to attracting workers from quarantines. The coronavirus-driven confinement places a brake on the element and device production, which increased product costs and reduced the market demand. However, the power trade is returning to traditional and witnessing the increasing energy demand, particularly from the commercial sectors.
Mexico Power Market Trends, Drivers, Restraints, and Opportunities
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Increasing consumer purchasing capacity and continually growing population is projected to boost the market in the coming years.
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Rapid development in industrial and residential sector is major factor fuelling the market during the forecast period.
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Development of renewable energy is not on high priority of the Mexico government are anticipated to hamper market growth.
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Increasing economic crisis is projected to hamper the market growth in the coming years.
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R&D investment and technological advancement in power sector is projected to create lucrative opportunities for the market players.
Scope of Mexico Power Market Report
The report on the Mexico power market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Mexico power market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016-2021 |
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Forecast Period |
2023-2031 |
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Segmentation |
Power Sectors (Generation [Hydropower, Non-hydroelectric Renewables, Thermal, and Nuclear], Transmission and Distribution), End-users (Industrial, Residential, Commercial, and Others) |
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Country Scope |
Mexico |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players covered in the Report |
Siemens Gamesa Renewable Energy SA; Schneider Electric SE; Acciona SA; Comision Mexicanas [PEMEX]; Enel SpA; Iberdrola SA; Sempra Energy; Sojitz Corp.; Trina Solar Ltd.; Jinko Solar Corp.; General Electric Company; Vestas Wind Systems; and EDF Renewables Inc. |
Mexico Power Market Segment Insights
Industrial segment accounts for key share of the market
Based on end-users, the Mexico power market is divided into industrial, residential, commercial, and others. The industrial segment accounts for a key share of the market. Growth of the market is attributed to rapid innovations in power sector and presence of major market players. The residential segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid urbanization, government policies, increasing population, and rapid development in commercial sector.
The thermal power segment is anticipated to dominate the market during the forecast period
Based on power sectors, the Mexico power market is fragmented into generation hydropower, non-hydroelectric renewables, thermal, and nuclear, transmission and distribution (T&D). The thermal power segment is anticipated to dominate the market. Growth of the market is attributed to rapid economic growth in country, rapid development in transmission & distribution infrastructure, and rising disposable income. However, the hydropower segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing energy consumption, rapid industrialization, and growing demand for electricity.
Geographical outlook
The thermal power held a major market share in the Mexico power market. The 75% energy comes from thermal power in the Mexico, the 19% comes from hydropower, and remaining 6% comes from other power sources. The Mexico power market is third major power market in North America. The Mexico and the US officials signed a contract to work jointly to increase the power infrastructure in both countries. The Mexico and United States officials have decided to change present fossil fuel of power plants to combined-cycle natural gas technology to create and expand electricity generation from natural gas. In Mexico there are new thermal power plants in developing stage. Growth of the market is attributed to increasing energy consumption, continually growing population, rapid industrialization, and developed electricity transmission infrastructure.
Segments
The Mexico power market has been segmented on the basis of
Power Sectors
- Generation
- Hydropower
- Non-hydroelectric Renewables
- Thermal
- Nuclear
- Transmission and Distribution [T&D]
End-users
- Industrial
- Residential
- Commercial
- Others
Country
- Mexico
Key Players
- Siemens Gamesa Renewable Energy SA
- Schneider Electric SE
- Acciona SA
- Comision Mexicanas [PEMEX]
- Enel SpA
- Iberdrola SA
- Sempra Energy
- Sojitz Corp.
- Trina Solar Ltd.
- Jinko Solar Corp.
- General Electric Company
- Vestas Wind Systems
- EDF Renewables Inc.
Competitive Landscape
Key players competing in the Mexico power market includes Siemens Gamesa Renewable Energy SA; Schneider Electric SE; Acciona SA; Comision Mexicanas [PEMEX]; Enel SpA; Iberdrola SA; Sempra Energy; Sojitz Corp.; Trina Solar Ltd.; Jinko Solar Corp.; General Electric Company; Vestas Wind Systems; and EDF Renewables Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and raise their production line of the business in the coming years.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Power Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Power Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Power Market - Supply Chain
4.5. Global Power Market Forecast
4.5.1. Power Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Power Market Absolute $ Opportunity
5. Global Power Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Power Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Power Demand Share Forecast, 2019-2026
6. North America Power Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Power Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Power Demand Share Forecast, 2019-2026
7. Latin America Power Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Power Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Power Demand Share Forecast, 2019-2026
8. Europe Power Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Power Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Power Demand Share Forecast, 2019-2026
9. Asia Pacific Power Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Power Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Power Demand Share Forecast, 2019-2026
10. Middle East & Africa Power Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Power Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Power Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Power Market: Market Share Analysis
11.2. Power Distributors and Customers
11.3. Power Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Siemens Gamesa Renewable Energy SA
11.4.2. Schneider Electric SE
11.4.3. Acciona SA
11.4.4. Comision Mexicanas [PEMEX]
11.4.5. Enel SpA
11.4.6. Iberdrola SA
11.4.7. Sempra Energy
11.4.8. Soj
Methodology
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