The Mexico Electricity Market Report is Segmented by Power Generation (Thermal, Hydro, Renewable, and Other Power Generation) and Power Transmission and Distribution (T&D). The Market Sizing and Forecasts for Each Segment in Power Generation Have Been Done Based On Installed Capacity.

The Mexican power industry, currently valued at approximately $XX million (estimated based on available CAGR and market trends), is poised for significant growth, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 3.40%. This expansion is driven by several key factors. Firstly, increasing industrialization and urbanization within Mexico are fueling robust electricity demand, necessitating substantial investments in power generation and transmission infrastructure. Secondly, a strong government push towards renewable energy sources, such as solar and wind power, is creating opportunities for new projects and attracting significant foreign investment. This transition is further spurred by a growing awareness of climate change and the need for sustainable energy solutions. However, challenges remain. The aging power infrastructure requires substantial modernization and upgrades, posing both financial and logistical hurdles. Furthermore, regulatory uncertainties and potential grid instability could act as restraints on the sector's growth. The industry is segmented into power generation (thermal, hydro, renewables, and other) and power transmission and distribution (T&D), with key players including Enel SpA, Comision Federal de Electricidad, Iberdrola SA, and Acciona SA, among others. The forecast period (2025-2033) suggests a consistent upward trajectory for the market, fueled by ongoing investments and policy support for renewable energy initiatives. The competitive landscape involves both established international players and domestic companies, leading to increased competition and innovation. The regional focus, specifically on Mexico, indicates a concentration of growth within the country's borders. The study period (2019-2033), with a base year of 2025 and an estimated year of 2025, provides a comprehensive overview of the industry's historical performance and future projections. The continued integration of renewable energy sources within the Mexican power mix is anticipated to be a primary driver of growth, fostering sustainable development and economic prosperity. However, careful planning and investment in grid modernization will be critical to accommodate this renewable energy expansion and ensuring reliable electricity supply for the growing population and industry. Recent developments include: Apr 2023: The Mexican government agreed to buy 13 power plants from the Spanish energy company Iberdrola. The deal is worth USD 6 billion. The government also plans to give state-owned power company Comision Federal de Electricidad (CFE) majority control over the electricity market., Nov 2022: The United States and Mexico, both country's bilateral agreement on nuclear energy, entered into force to enhance cooperation on energy security. The agreement enables the peaceful transfer of nuclear material, equipment, and information from the United States in adherence with nonproliferation requirements.. Key drivers for this market are: 4., High Power Demand due to the Growing Population4.; Upcoming Power Generation Projects. Potential restraints include: 4., High Power Demand due to the Growing Population4.; Upcoming Power Generation Projects. Notable trends are: Thermal Power Generation Expected to Dominate the Market.

The Mexico power market, valued at approximately $XX million in 2025, is projected to experience robust growth, exceeding a 3.50% CAGR through 2033. This expansion is driven by several key factors. Firstly, increasing industrialization and population growth are fueling a surge in energy demand, necessitating significant investments in power generation and distribution infrastructure. Secondly, the Mexican government's commitment to renewable energy sources, particularly solar and wind power, is creating lucrative opportunities for developers and investors. This transition is further accelerated by the need to reduce reliance on fossil fuels and mitigate climate change. However, challenges remain. Regulatory hurdles, grid infrastructure limitations, and potential funding constraints could hinder the market's full potential. Specific growth within segments like Non-hydro Renewables will likely outpace traditional sources like Thermal, reflecting global trends. The robust presence of international players like Siemens Gamesa, Vestas, and Acciona, alongside domestic companies, signifies a competitive and dynamic market landscape. The projected growth trajectory suggests a steady increase in market value over the forecast period, with significant investment in both generation and transmission & distribution segments. While hydropower will continue to play a role, the accelerated adoption of non-hydro renewables such as solar and wind is anticipated to be a key driver of growth. The sustained focus on improving energy efficiency and reliability of the grid will attract further investment, potentially leading to the expansion of existing power plants and the development of new projects. Careful management of regulatory frameworks and strategic infrastructure development will be critical in realizing the full potential of the Mexican power market. This dynamic market presents significant opportunities for both established and emerging players. Recent developments include: In July 2021, Mexico confirmed its plan to develop the Sonora solar project to provide cheap electricity to the Baja California Peninsula. The project will be co-owned by CFE, the state-owned utility, and the state of Sonora will include an outlay of USD 100 million. The project is expected to be commissioned by 2023., In 2021, a new transmission project was added to the country's key planned power projects list, called Veracruz II-Tamarindo II double-circuit line, which includes the upgradation process. It is a planned 36 km transmission line in Xalapa and surrounding towns in Veracruz. The project is expected to get into service by 2025., In March 2022, the Government of Mexico City announced an upcoming call for the second phase of the Central Market solar project, which is estimated to be the biggest solar project installed in a city (36,000 solar modules generating 25GWh per year). The detailed information is expected to be published on the Federal Electricity Commission website soon. Further, the contract signing was expected to take place in May 2022.. Notable trends are: Thermal Power Generation Segment to Witness Significant Growth.

The complete data updated to 2022 of all the generating sources of electrical energy in Mexico, registered in the Energy Information System and the Program for the Development of the National Electrical System (PRODESEN) of the Government of Mexico, are presented. In addition, a code of an optimization process elaborated with Macros in Excel is included, which was used to arrive at the results shown in the article "Possible viable development paths for the Mexican Energy Transition"

Mexico Data Center Power Market is Segmented by Component (Electrical Solutions, Services), Data Center Type (Hyperscaler/Cloud Service Providers, Colocation Providers, and More), Data Center Size (Small Size Data Centers, Medium Size Data Centers, Large Size Data Centers and More), by Tier Type (Tier I and II, Tier III, Tier IV) the Market Forecasts are Provided in Terms of Value (USD)

Mexico Electric Power Consumption: Industry data was reported at -1,016.000 GWh in Dec 2017. This records a decrease from the previous number of 9,108.000 GWh for Nov 2017. Mexico Electric Power Consumption: Industry data is updated monthly, averaging 6,342.000 GWh from Jan 1982 (Median) to Dec 2017, with 432 observations. The data reached an all-time high of 10,290.000 GWh in Sep 2017 and a record low of -1,016.000 GWh in Dec 2017. Mexico Electric Power Consumption: Industry data remains active status in CEIC and is reported by Federal Commission of Electricity. The data is categorized under Global Database’s Mexico – Table MX.RB003: Electric Power Consumption (Discontinued).

Mexico's electricity transmission and distribution market generated revenue of 5.1 billion U.S. dollars in 2021, a slight increase when compared to the previous year. Until the end of the decade, the Mexican electricity transmission market is expected to grow at a compound annual growth rate (CAGR) of 3.8 percent, reaching nearly seven billion U.S. dollars by 2030. Mexico represents less than 10 percent of North America's electricity transmission and distribution revenue.

The size of the Mexico Power Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.40">> 3.40% during the forecast period. The power sector in Mexico is experiencing a notable transformation, influenced by market liberalization, modernization initiatives, and an increasing focus on renewable energy sources. Traditionally characterized by state-owned enterprises, the industry is progressively welcoming private investment and competition, driven by reforms designed to enhance efficiency, reliability, and innovation. The implementation of the Energy Reform in 2013 represented a crucial turning point, permitting private entities to invest in and manage power generation, transmission, and distribution, which has contributed to a more varied energy mix and improved market dynamics. The Mexican government is diligently working towards a balanced energy portfolio, emphasizing the integration of renewable resources such as solar, wind, and hydroelectric power into the national grid. Mexico possesses significant solar potential, especially in its northern regions, and has attracted considerable investments in photovoltaic projects. The wind energy sector is also expanding, with numerous large wind farms currently operational. Nevertheless, the industry encounters challenges, including regulatory uncertainties and infrastructure requirements, particularly in rural and remote locations. In spite of these obstacles, Mexico’s dedication to sustainability and modernization is propelling advancements in grid technology and energy efficiency. As the power sector continues to evolve, it promises a more resilient, diverse, and sustainable energy future for the nation. Recent developments include: Apr 2023: The Mexican government agreed to buy 13 power plants from the Spanish energy company Iberdrola. The deal is worth USD 6 billion. The government also plans to give state-owned power company Comision Federal de Electricidad (CFE) majority control over the electricity market., Nov 2022: The United States and Mexico, both country's bilateral agreement on nuclear energy, entered into force to enhance cooperation on energy security. The agreement enables the peaceful transfer of nuclear material, equipment, and information from the United States in adherence with nonproliferation requirements.. Key drivers for this market are: 4., High Power Demand due to the Growing Population4.; Upcoming Power Generation Projects. Potential restraints include: 4., The New Government's Intentions to Reduce Private Investments. Notable trends are: Thermal Power Generation Expected to Dominate the Market.

Mexico Combined Heat and Power Market is segmented by Application (Commercial, Residential, and Industrial & Utilities), and Fuel Type (Natural Gas, Coal, Oil, and Other Fuel Types).

Mexico's electricity sector contribution to the country's gross domestic product (GDP) reached a share of *** percent in 2021. The electricity segment accounts for the highest participation in the Mexican utilities sector's GDP contribution.

The Electric Power Generation industry in Mexico generates electric power via a wide variety of combustible and renewable fuels. Primarily, power generation in Mexico is dominated by oil and gas combustion plants, which account for over 50.0% of industry revenue in 2019, with all thermal sources accounting for over 75.0% of electricity generation. This industry is predominantly controlled by the Comisión Federal de Electricidad (Federal Electricity Commission, CFE), which is a requirement of the Mexican constitution. In 1992, this industry was opened to private involvement; however, the CFE still controls nearly 75.0% of net generation capacity today. Due to this industry's heavy regulation, private operators are required by law to sell their electricity output directly to the CFE, since private operators are disallowed from selling directly to users. In 2008, Mexico announced a range of reforms aimed at increasing renewable net generation capacity, which has increased solar and combined cycle generation as a share of total electricity output. Additionally, the Mexican government announced a sweeping round of new regulations in 2014 to move the sector away from public vertical integration and expand opportunities for private involvement in the industry. Overall, these reforms have had some interesting effects on industry performance over the five years to 2019.

The Wind Energy Market in Mexico Report is Segmented by Location of Deployment (Onshore and Offshore). The Report Offers the Market Size and Forecasts in Installed Capacity (GW) for all the Above Segments.

Mexico Power Market size was valued at USD 16.50 Billion in 2024 and is projected to reach USD 25.32 Billion by 2032, growing at a CAGR of 5.5% from 2026 to 2032.

Key Market Drivers:

Rapid Industrialization and Economic Growth: Rapid industrialization and economic expansion in Mexico are driving up demand in the power market. According to the OECD Economic Outlook, Mexico's GDP will increase by 5% in 2022, outpacing the worldwide average. According to Mexico's National Institute of Statistics and Geography (INEGI), industrial production increased by 3.7% year on year, while power consumption in the industrial sector increased by 4.2%. As companies expand and modernize, energy demand rises, necessitating a stable and expanded power supply to support production, infrastructure, and technology improvements necessary for long-term economic growth.

Mexico Electric Power Consumption: Industry: MoM% data was reported at -111.200 % in Dec 2017. This records a decrease from the previous number of 6.200 % for Nov 2017. Mexico Electric Power Consumption: Industry: MoM% data is updated monthly, averaging 0.600 % from Feb 1982 (Median) to Dec 2017, with 431 observations. The data reached an all-time high of 18.100 % in Mar 2009 and a record low of -111.200 % in Dec 2017. Mexico Electric Power Consumption: Industry: MoM% data remains active status in CEIC and is reported by Federal Commission of Electricity. The data is categorized under Global Database’s Mexico – Table MX.RB003: Electric Power Consumption (Discontinued).

Mexico Electric Power Consumption: Industry: YoY% data was reported at -112.600 % in Dec 2017. This records a decrease from the previous number of 3.500 % for Nov 2017. Mexico Electric Power Consumption: Industry: YoY% data is updated monthly, averaging 4.200 % from Jan 1983 (Median) to Dec 2017, with 420 observations. The data reached an all-time high of 29.400 % in Jun 1989 and a record low of -112.600 % in Dec 2017. Mexico Electric Power Consumption: Industry: YoY% data remains active status in CEIC and is reported by Federal Commission of Electricity. The data is categorized under Global Database’s Mexico – Table MX.RB003: Electric Power Consumption (Discontinued).

The Mexico Power EPC Market is segmented by Power Generation from Sources (Thermal, Hydropower, Nuclear, and Non-hydro Renewables) and Power Transmission and Distribution (T&D).

Household electricity prices in Mexico amounted to 10.3 U.S. dollar cents per kilowatt-hour in September 2024. Residential electricity prices have increased steadily in the country since the end of 2020, when they were at 8.2 U.S. dollar cents per kilowatt-hour. Still, Mexico was among the countries with the lowest household electricity prices worldwide.

Mexico power generation equipment market is expected to register strong growth due to the growing demand for reliable power supply and to reduce carbon emissions.

The Mexican electric water heater market skyrocketed to $216M in 2024, rising by 43% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw strong growth. Over the period under review, the market attained the peak level at $244M in 2020; however, from 2021 to 2024, consumption failed to regain momentum.

The size of the Mexico Combined Heat and Power Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.80">> 4.80% during the forecast period. The combined heat and power (CHP) sector in Mexico are witnessing significant expansion, propelled by the nation's heightened commitment to energy efficiency and sustainability. CHP systems, which concurrently produce electricity and useful heat from a single energy source, present considerable benefits in terms of energy conservation and lower emissions. The evolution of Mexico's energy policy and regulatory landscape is fostering the adoption of more efficient energy solutions, including CHP, in alignment with the country's objectives to diminish greenhouse gas emissions and bolster energy security. This market growth is primarily driven by both the industrial and commercial sectors, which are striving to enhance energy utilization and minimize operational expenses. CHP systems are especially advantageous in industrial environments, where they can ensure a dependable power supply and harness waste heat for various processes or heating needs, thus enhancing overall energy efficiency. Furthermore, government incentives and initiatives aimed at advancing cleaner technologies are stimulating investments in CHP projects. The growth of CHP in Mexico is also bolstered by technological advancements that are rendering these systems more economically viable and accessible. As Mexico continues to upgrade its energy infrastructure and pursue sustainability objectives, the CHP market is anticipated to expand, fueled by a blend of regulatory encouragement, technological progress, and a strong focus on energy efficiency. Key drivers for this market are: Supportive Government Policies and Incentives, Environmental Concerns. Potential restraints include: Fossil Fuel Subsidies. Notable trends are: Industrial & Utilities Sector to Witness Significant Growth.