Product Code: ETC11837849 | Publication Date: Apr 2025 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The Mexico electric power market is undergoing significant transformation driven by government policies promoting renewable energy sources and private sector participation. The country aims to increase its share of clean energy in the power mix to reduce emissions and increase energy security. Mexico has introduced auctions for long-term power purchase agreements, attracting investments in wind, solar, and other renewable energy projects. The market is also characterized by a growing focus on grid modernization, energy storage, and smart grid technologies to enhance reliability and efficiency. Despite these positive developments, challenges such as grid congestion and delays in infrastructure upgrades remain. Overall, the Mexico electric power market presents opportunities for growth and innovation in the transition towards a more sustainable energy system.
In the Mexico electric power market, a notable trend is the increasing focus on renewable energy sources such as wind and solar power. The Mexican government has set ambitious renewable energy targets to reduce carbon emissions and diversify the energy mix. This has led to a significant growth in renewable energy projects and investments in the country, with many international and domestic companies entering the market. Another key trend is the modernization and expansion of the electric grid infrastructure to improve efficiency and reliability. Additionally, there is a growing interest in energy storage technologies to support the integration of intermittent renewable energy sources. Overall, the Mexico electric power market is experiencing a shift towards sustainability and innovation driven by government initiatives and market dynamics.
In the Mexico electric power market, some of the key challenges include the need for significant investments in infrastructure to meet growing demand, reliance on fossil fuels leading to environmental concerns, regulatory complexities and uncertainties impacting investment decisions, and grid modernization to accommodate more renewable energy sources. Additionally, ensuring a reliable and stable supply of electricity while transitioning to a more sustainable and diversified energy mix poses a challenge. Political and social factors, such as changes in government policies and public resistance to energy projects, can also create uncertainty for market players. Overall, navigating these challenges requires strategic planning, collaboration among stakeholders, and a focus on innovation to drive growth and sustainability in the Mexico electric power market.
Investment opportunities in the Mexico electric power market include renewable energy projects such as solar and wind power due to the country`s commitment to increasing clean energy generation. The government`s goal to reach 35% of electricity from renewable sources by 2024 creates a favorable environment for investors in this sector. Additionally, there is a need for modernization and expansion of the existing transmission and distribution infrastructure to meet growing energy demand. Public-private partnerships are being encouraged to attract investment in upgrading the grid infrastructure. With ongoing reforms and deregulation in the electricity market, there are opportunities for private investors to participate in generation, transmission, and distribution projects, making Mexico an attractive market for those looking to capitalize on the country`s energy transition.
In Mexico, the electric power market is regulated by the government through the Energy Regulatory Commission (CRE) and the Ministry of Energy (SENER). The main government policies in the sector include the Energy Reform of 2013, which aimed to promote competition and private investment in the industry. This reform led to the opening of the electricity market to private participation, allowing for the generation, transmission, distribution, and commercialization of electricity by private entities. Additionally, the government has implemented measures to promote renewable energy sources and increase energy efficiency to meet sustainability goals. However, recent policy changes have shown a shift towards supporting state-owned companies such as the Federal Electricity Commission (CFE), raising concerns about the future direction of the electric power market in Mexico.
The future outlook for the Mexico electric power market is promising, driven by the country`s increasing focus on renewable energy sources and the modernization of its electricity infrastructure. The Mexican government has set ambitious targets for clean energy generation, with a goal of sourcing 35% of its electricity from renewables by 2024. This emphasis on sustainability, coupled with ongoing investments in transmission and distribution networks, is expected to attract further private investment in the sector. Additionally, the liberalization of the electricity market in Mexico is fostering competition and innovation, creating opportunities for new market entrants and driving efficiency improvements. Overall, the Mexico electric power market is poised for growth and development in the coming years as it transitions towards a more sustainable and competitive energy landscape.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Mexico Electric Power Market Overview |
3.1 Mexico Country Macro Economic Indicators |
3.2 Mexico Electric Power Market Revenues & Volume, 2021 & 2031F |
3.3 Mexico Electric Power Market - Industry Life Cycle |
3.4 Mexico Electric Power Market - Porter's Five Forces |
3.5 Mexico Electric Power Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Mexico Electric Power Market Revenues & Volume Share, By Generation Source, 2021 & 2031F |
3.7 Mexico Electric Power Market Revenues & Volume Share, By Distribution, 2021 & 2031F |
3.8 Mexico Electric Power Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.9 Mexico Electric Power Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Mexico Electric Power Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Mexico Electric Power Market Trends |
6 Mexico Electric Power Market, By Types |
6.1 Mexico Electric Power Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Mexico Electric Power Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Mexico Electric Power Market Revenues & Volume, By Renewable, 2021 - 2031F |
6.1.4 Mexico Electric Power Market Revenues & Volume, By Non-Renewable, 2021 - 2031F |
6.1.5 Mexico Electric Power Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.1.6 Mexico Electric Power Market Revenues & Volume, By Distributed Generation, 2021 - 2031F |
6.2 Mexico Electric Power Market, By Generation Source |
6.2.1 Overview and Analysis |
6.2.2 Mexico Electric Power Market Revenues & Volume, By Solar, 2021 - 2031F |
6.2.3 Mexico Electric Power Market Revenues & Volume, By Wind, 2021 - 2031F |
6.2.4 Mexico Electric Power Market Revenues & Volume, By Hydro, 2021 - 2031F |
6.2.5 Mexico Electric Power Market Revenues & Volume, By Geothermal, 2021 - 2031F |
6.3 Mexico Electric Power Market, By Distribution |
6.3.1 Overview and Analysis |
6.3.2 Mexico Electric Power Market Revenues & Volume, By Grid, 2021 - 2031F |
6.3.3 Mexico Electric Power Market Revenues & Volume, By Off-Grid, 2021 - 2031F |
6.3.4 Mexico Electric Power Market Revenues & Volume, By Microgrid, 2021 - 2031F |
6.3.5 Mexico Electric Power Market Revenues & Volume, By Transmission, 2021 - 2031F |
6.4 Mexico Electric Power Market, By Storage |
6.4.1 Overview and Analysis |
6.4.2 Mexico Electric Power Market Revenues & Volume, By Battery Storage, 2021 - 2031F |
6.4.3 Mexico Electric Power Market Revenues & Volume, By Hydrogen Fuel Cell, 2021 - 2031F |
6.4.4 Mexico Electric Power Market Revenues & Volume, By Supercapacitors, 2021 - 2031F |
6.4.5 Mexico Electric Power Market Revenues & Volume, By Pumped Hydro, 2021 - 2031F |
6.5 Mexico Electric Power Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Mexico Electric Power Market Revenues & Volume, By Residential, 2021 - 2031F |
6.5.3 Mexico Electric Power Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.5.4 Mexico Electric Power Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.5.5 Mexico Electric Power Market Revenues & Volume, By Utility, 2021 - 2031F |
7 Mexico Electric Power Market Import-Export Trade Statistics |
7.1 Mexico Electric Power Market Export to Major Countries |
7.2 Mexico Electric Power Market Imports from Major Countries |
8 Mexico Electric Power Market Key Performance Indicators |
9 Mexico Electric Power Market - Opportunity Assessment |
9.1 Mexico Electric Power Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Mexico Electric Power Market Opportunity Assessment, By Generation Source, 2021 & 2031F |
9.3 Mexico Electric Power Market Opportunity Assessment, By Distribution, 2021 & 2031F |
9.4 Mexico Electric Power Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.5 Mexico Electric Power Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Mexico Electric Power Market - Competitive Landscape |
10.1 Mexico Electric Power Market Revenue Share, By Companies, 2024 |
10.2 Mexico Electric Power Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |