Mexico Power Cable Market Outlook (2023-2029) | Revenue, Share, Growth, COVID-19 IMPACT, Size, Analysis, Companies, Industry, Value, Forecast & Trends

Mexico Power Cable Market | Country-Wise Share and Competition Analysis

In the year 2021, the USA  was the largest exporter in terms of value, followed by China. It has registered a growth of 22.36% over the previous year. While China registered a growth of 22.47% as compared to the previous year. In the year 2017, the USA was the largest exporter followed by China. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Mexico has the Herfindahl index of 3063 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  2693 which signifies high concentration in the market.

Mexico Power Cable Market - Export Market Opportunities

Topics Covered in the Mexico Power Cable Market

Mexico Power Cable Market report thoroughly covers the market by installation type, by voltage, and by end-use. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Mexico Power Cable Market Synopsis

Mexico Power Cable Market is estimated to gain traction in the country underpinned by various growth factors such as rising electricity demand, population growth, and expansion of the commercial sector. Additionally, the rising demand for technically advanced power cables is demanded by companies to upgrade their power infrastructure. This factor is estimated to bolster the market growth at a considerable rate.

According to 6Wresearch, the Mexico Power Cable Market size is expected to surge at a tremendous rate during the forecast period 2023-2029. Increasing replacement of old power cables with advanced cables to enhance their functionality. Additionally, the rising demand for renewably sourced energy to maintain sustainability tends to surge the power cables demand in the country and further bolster the market growth. Another significant factor is likely to drive the market growth with the rising upgradation and modernization of the power grid systems. Additionally, increasing electricity consumption with the growing population rate and expansion of the industrial landscape in the country, is likely to drive the power cables demand for electrical installations. Continuous construction activity in the country is likely to bolster the power cables demand for electrical installations in commercial, residential, and industrial buildings. These aforementioned factors are estimated to secure tremendous growth of the Mexico Power Cable industry.

COVID-19 Influence on the Mexico Power Cable Market

COVID-19 had left an adverse impact on the Mexico Power Cable Market which is a part of the Latin America power cable market. The strict lockdown imposed by the government during the pandemic time to cease the prevalence of the virus, as resulted, in travel restrictions, closure of businesses, and cease of construction activities. All these measures resulted in a major decline in power cable installations and further affected the market growth.

Key Players in the Mexico Power Cable Market

Several prominent players operating in the market are listed below:

• Nexans is one of the leading manufacturers, that offers a spectrum range of power cables including specialized cables for several applications like overhead transmission and renewable energy projects.
• Prysmian Group has a significant existence in the country and provides specialized and advanced power cables to industries.
• General Cable is a well know power and communication solution in the country, offering power cables ranging from low voltage to medium voltage to high voltage.
• Cables de Energía Mexicana (CADELMEX) is one of the renowned companies in the country, that provides ranges of power cables for different industries.

The Future of the Mexico Power Cable Market

Mexico Power Cable Market share is estimated to surge exponentially in the coming years owing to various ongoing developments. One of them is smart grid systems are being implemented in the country to upgrade the power distribution systems, which require specialized power cables that will enhance reliability and efficiency during power supply. Moreover, the country’s government has implemented several policies and initiatives to upgrade the energy sector, hence attracting investment to improve power infrastructure for efficient power supply. Moreover, industrial expansion leads to seeking for reliable and efficient power supply systems is estimated to be one of the factors that will surge the future of the power cable market in Mexico.

Market Analysis by Voltage

Based on voltage, it is difficult to show the dominating one, as each of them is used specifically in various industries to serve various applications. Nevertheless, some factors are driving their demand including infrastructure development and government initiatives.

Market Analysis by End Use

According to Dhaval, Research Manager, 6Wresearch, the industrial sector is currently contributing to the market growth with the rising expansion of industrial operations especially in the manufacturing and construction sectors.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Mexico Power Cable Market Outlook
• Market Size of Mexico Power Cable Market, 2022
• Forecast of Mexico Power Cable Market, 2029
• Historical Data and Forecast of Mexico Power Cable Revenues & Volume for the Period 2019 - 2029
• Mexico Power Cable Market Trend Evolution
• Mexico Power Cable Market Drivers and Challenges
• Mexico Power Cable Price Trends
• Mexico Power Cable Porter's Five Forces
• Mexico Power Cable Industry Life Cycle
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By Installation Type for the Period 2019 - 2029
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By Overhead for the Period 2019 - 2029
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By Underground for the Period 2019 - 2029
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By Submarine for the Period 2019 - 2029
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By Voltage for the Period 2019 - 2029
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By Low for the Period 2019 - 2029
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By Medium for the Period 2019 - 2029
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By High for the Period 2019 - 2029
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By End Use for the Period 2019 - 2029
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By Residential for the Period 2019 - 2029
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By Commercial for the Period 2019 - 2029
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By Industrial for the Period 2019 - 2029
• Historical Data and Forecast of Mexico Power Cable Market Revenues & Volume By Utilities for the Period 2019 - 2029
• Mexico Power Cable Import Export Trade Statistics
• Market Opportunity Assessment By Installation Type
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By End Use
• Mexico Power Cable Top Companies Market Share
• Mexico Power Cable Competitive Benchmarking By Technical and Operational Parameters
• Mexico Power Cable Company Profiles
• Mexico Power Cable Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Installation Type

• Overhead
• Underground
• Submarine

By Voltage

• Low
• Medium
• High

By End Use

• Residential
• Commercial
• Industrial
• Utilities