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

https://growthmarketreports.com/Raksha
Author : Raksha Sharma
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Fact-checked by : Vineet Pandey
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Editor : Swapnil Hedau

Upcoming | Report ID :EP-2059 | 4.7 Rating | 54 Reviews | 178 Pages | Format : PDF Excel PPT

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.

Mexico Power Market Outlook

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.

  • Increasing consumer purchasing capacity and continually growing population is projected to boost the market in the coming years.

  • Rapid development in industrial and residential sector is major factor fuelling the market during the forecast period.

  • Development of renewable energy is not on high priority of the Mexico government are anticipated to hamper market growth.

  • Increasing economic crisis is projected to hamper the market growth in the coming years.

  • 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.

Attributes

Details

Report Title

Mexico power market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023-2031

Segmentation

Power Sectors (Generation [Hydropower, Non-hydroelectric Renewables, Thermal, and Nuclear], Transmission and Distribution), End-users (Industrial, Residential, Commercial, and Others)

Country Scope

Mexico

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

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.

Mexico Power Market End User

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.

Mexico Power Market Key Players

Table Of Content

1. Executive Summary
2. 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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