Mexico Switchgear Market (2025-2031) | Outlook, Value, Trends, Forecast, Growth, Companies, Analysis, Size, Industry, Revenue & Share
Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS, Others)), By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape
| Product Code: ETC001122 | Publication Date: May 2022 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Mexico Switchgear Market Growth Rate
According to 6Wresearch internal database and industry insights, the Mexico Switchgear Market is estimated to grow at a compound annual growth rate (CAGR) of 8.1% during the forecast period 2025-2031.
Mexico Switchgear Market Highlights
| Report Name | Mexico Switchgear Market |
| Forecast Period | 2025-2031 |
| CAGR | 8.1% |
| Growing Sector | Industrial Manufacturing & Power Utilities |
Topics Covered in the Mexico Switchgear Market Report
The Mexico Switchgear Market report thoroughly covers the market by voltage, by insulation and by application. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
Mexico Switchgear Market Synopsis
Mexico Switchgear Market is seeing significant expansion over the past few years. This industry is growing due to industrialization, manufacturing boom, and renewable energy projects. Also, the strategic energy reforms and growing electricity demand in the country across residential and commercial sectors further support the growth of market. Urbanization is expanding in cities such as Mexico City, Monterrey, and Guadalajara has increased the demand for reliable low-voltage switchgear systems. Apart from this, the focus is rising on upgrading its transmission and distribution (T&D) networks and investment in wind and solar farms.
Evaluation of Growth Drivers in the Mexico Switchgear Market
Below mentioned some major drivers and their impacts on the market dynamics:
| Driver | Primary Segments Affected | Why it matters (evidence) |
| Manufacturing Expansion | Medium & Low Voltage Switchgear | The industrial hubs are growing in automotive and electronics, which drives the demand for robust switchgear in factories and assembly plants. |
| Renewable Energy Development | High Voltage Switchgear | Mexico is investing heavily in wind farms in Oaxaca and solar farms in Sonora, creating a surge in high-voltage switchgear demand for power evacuation. |
| Energy Reforms & T&D Modernization | Medium & High Voltage Switchgear | Reforms and private investments are boosting grid upgrades, requiring advanced GIS and AIS switchgear systems. |
| Urban Infrastructure Growth | Low Voltage Switchgear | Housing and commercial construction projects are growing in major urban centres are increasing low-voltage switchgear installations. |
| Cross-Border Industrial Trade | Medium Voltage Switchgear | USMCA trade zone is integrating with switchgear solutions that is surging the industrial demand, creating growth for medium-voltage switchgear in export-driven manufacturing. |
Mexico Switchgear Market Size is expected to grow exponentially at a CAGR of 8.1% during the forecast period 2025-2031. This growth is mainly attributed to renewable energy investments, industrialization, and modernization of existing utility grids. In the growth of market, other factors are also contributing such as rapid industrialization and the expansion of manufacturing and commercial sectors, increasing the demand for reliable switchgear solutions. Apart from this, one of the significant drivers is the adoption of automation techniques. With the help of automation systems, switchgear operators can connect and control switchgear operations in real-time. The adoption of smart grid technologies is enhancing the demand for digital and automated switchgear systems for real-time monitoring and energy management.
Evaluation of Restraints in the Mexico Switchgear Market
Below mentioned some major restraints and their influence on the landscape of market:
| Restraint | Primary Segments Affected | What this means (evidence) |
| Import Dependency | All Segments | Mexico is importing the advanced switchgear from the US, Europe, and Asia, creating higher costs and reliance on external suppliers. |
| Regulatory Delays | Power Utilities | Energy reforms are dealing with the bureaucratic challenges, which delays the switchgear installation in renewable energy projects. |
| Price Competition | Low Voltage Switchgear | Smaller manufacturers are facing the strong competition due to cheaper imports, limiting premium product adoption. |
| Workforce Skills Gap | High Voltage Switchgear | Advanced GIS switchgear requires the specialized expertise, which is still limited in local industries. |
| Energy Transition Challenges | Utilities & Industrial | To balance the traditional fossil-based energy and renewable integration slows switchgear modernization in some regions. |
Mexico Switchgear Market Challenges
There are major challenges present in the Mexico Switchgear Market and affecting the growth of market. The surging use of renewable energy sources for electricity generation is another prevailing in the market, which puts additional pressure on the switchgear market to provide more efficient and robust power distribution. Other major factors restraining market development such as a lack of skilled manpower to run highly automated systems, and the rising cost of raw materials, which results in increased product costs. Further, lack of localized manufacturing for advanced GIS solutions are creating delays and cost barriers. While Mexico has a strong industrial base, rural regions still face limited power access, which restricts demand for sophisticated switchgear.
Mexico Switchgear Market Trends
Some notable trends are noticed in the market which include:
- Integration of Digital Switchgear: IoT-enabled systems for predictive maintenance are gaining popularity in manufacturing hubs.
- Expansion of Wind & Solar Projects: The large solar projects and Oaxaca’s wind farms are generating the demand for high-voltage switchgear.
- Adoption of Eco-Friendly Switchgear: SF6-free technologies are being promoted due to global environmental standards.
- Growth of Industrial Automation: Automated production lines in automotive and electronics sectors are increasing demand for medium-voltage solutions.
- Cross-Border Grid Collaboration: North American energy markets are integrating with switchgear solution which will boost the demand for advanced medium- and high-voltage switchgear.
Investment Opportunities in the Mexico Switchgear Industry
Some major opportunities in the Mexico Switchgear Industry are:
- Renewable Energy Infrastructure – Solar farms are expanding in northern part of Mexico and wind projects in the south create high-voltage switchgear demand.
- Smart Switchgear Solutions – The adoption of digital switchgear is growing in utilities and industrial hubs.
- Local Assembly & Manufacturing – Potential to reduce costs by building local GIS and AIS switchgear production facilities.
- Commercial & Residential Projects – Urban growth drives demand for low-voltage switchgear in housing and commercial spaces.
- Export-Oriented Manufacturing – With USMCA integration, local players can supply advanced switchgear across North America.
Top 5 Leading Players in the Mexico Switchgear Market
There are top companies who are contributing in the Mexico Switchgear Market Share include:
1. Schneider Electric
| Company Name | Schneider Electric |
| Established Year | 1836 |
| Headquarters | Rueil-Malmaison, France |
| Official Website | Click Here |
This company is providing advanced low- and medium-voltage switchgear with a strong focus on energy efficiency and digital solutions for utilities and manufacturing industries.
2. Siemens AG
| Company Name | Siemens AG |
| Established Year | 1847 |
| Headquarters | Munich, Germany |
| Official Website | Click Here |
This company specialized in medium- and high-voltage switchgear, with strong participation in Mexico’s renewable energy integration and grid modernization projects.
3. ABB Ltd.
| Company Name | ABB Ltd. |
| Established Year | 1988 |
| Headquarters | Zurich, Switzerland |
| Official Website | Click Here |
This company provides automation-ready switchgear solutions with emphasis on digital substations and eco-friendly technologies for the Mexican market.
4. Eaton Corporation
| Company Name | Eaton Corporation |
| Established Year | 1911 |
| Headquarters | Dublin, Ireland |
| Official Website | Click Here |
This is known for reliable low- and medium-voltage switchgear solutions for industrial applications, HVAC systems, and commercial power distribution.
5. General Electric (GE)
| Company Name | General Electric (GE) |
| Established Year | 1892 |
| Headquarters | Boston, USA |
| Official Website | Click Here |
This company supplies high-voltage and GIS switchgear for power utility and industrial infrastructure, especially in renewable energy projects.
Government Regulations Introduced in the Mexico Switchgear Market
According to Mexican Government Data, in the Mexico Switchgear Market, various regulations and initiatives are affecting the expansion of market which include energy efficiency standards and grid modernization policies which aim is to encourage the adoption of advanced switchgear. Further, Energy Transition Law supports the integration of renewable, while programs by the Federal Electricity Commission (CFE) push the investments in T&D upgrades. Apart from this, environmental policies are also pushing for SF6-free switchgear technologies.
Future Insights of the Mexico Switchgear Market
The future of Mexico Switchgear Market Growth looks promising as the market is expanding with renewable energy, industrial automation, and digital grid expansion fuelling demand. Gradually, the urbanization and housing growth is continued to rise with sustain low-voltage switchgear needs, while industrial and utility modernization drives the sale of medium- and high-voltage growth. The role of Mexico as a manufacturing hub in North America ensures the long-term expansion of the market.
Market Segmentation Analysis
Gas Insulated Switchgear (GIS) to Dominate Market - By Insulation
According to Vasudha, Senior Research Analyst, 6Wresearch, gas-insulated switchgear is projected to dominate across low-, medium-, and high-voltage categories owing to its features for instance compact design, low maintenance, and superior performance make it the preferred choice for high-density urban areas and renewable energy projects. While, Air-insulated systems continue to serve cost-sensitive and rural applications. And, low-voltage devices such as MCBs, MCCBs, and ACBs remain important for residential and commercial use.
Medium Voltage Switchgear to Dominate Market - By Voltage
Medium voltage switchgear is expected to dominate the Mexico switchgear market due to its widespread use in industrial plants, automotive clusters, and power utilities. With Mexico’s grid modernization and renewable energy expansion, medium-voltage gas-insulated solutions are in strong demand.
Industrial Sector to Dominate Market - By Applications
The industrial sector is expected to dominate due to strong automotive, electronics, and manufacturing base in Mexico, which requires the robust medium-voltage switchgear. Utilities follow closely due to renewable integration, while residential and commercial applications support low-voltage demand.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2021 to 2024.
- Base Year: 2024.
- Forecast Data until 2031.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Mexico Switchgear Market Outlook
- Market Size of Mexico Switchgear Market
- Forecast of Mexico Switchgear Market
- Historical Data and Forecast of Mexico Switchgear Revenues & Volume for the Period 2021 - 2031
- Mexico Switchgear Market Trend Evolution
- Mexico Switchgear Market Drivers and Challenges
- Mexico Switchgear Price Trends
- Mexico Switchgear Porter's Five Forces
- Mexico Switchgear Industry Life Cycle
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Voltage for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Low Voltage Switchgear for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Medium Voltage Switchgear for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By High Voltage Switchgear for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Insulation for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Medium Voltage Switchgear for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By High Voltage Switchgear Voltage Switchgear for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Low Voltage Switchgear for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Applications for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Residential for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Commercial for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Industrial for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Power Utilities for the Period 2021 – 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Power Utilities for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Power Utilities for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Power Utilities for the Period 2021 - 2031
- Historical Data and Forecast of Mexico Switchgear Market Revenues & Volume By Power Utilities for the Period 2021 - 2031
- Mexico Switchgear Market Import Export Trade Statistics
- Mexico Switchgear Market Opportunity Assessment By Voltage
- Mexico Switchgear Market Opportunity Assessment By Insulation
- Mexico Switchgear Market Opportunity Assessment By Applications
- Mexico Switchgear Market Top Companies Market Share
- Mexico Switchgear Market Competitive Benchmarking By Technical and Operational Parameters
- Mexico Switchgear Market Company Profiles
- Mexico Switchgear Market Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Voltage
- Low Voltage Switchgear
- Medium Voltage Switchgear
- High Voltage Switchgear
By Insulation
- Medium Voltage Switchgear
- Air Insulated
- Gas Insulated
- High Voltage Switchgear
- Air Insulated
- Gas Insulated
- Low Voltage Switchgear
- MCB
- MCCB
- C&R
- ACB
- COS
- Others
By Applications
- Residential
- Commercial
- Industrial
- Power Utilities
Mexico Switchgear Market (2025-2031): FAQs
Mexico Switchgear Market is projected to reach at CAGR of 8.1% during 2025-2031.
Medium voltage switchgear is expected to dominate due to industrial and utility applications.
Industrial growth, renewable energy projects, grid modernization, and urban expansion are the primary growth drivers.
Schneider Electric, Siemens, ABB, Eaton, and GE are the top players of market.
Opportunities include local switchgear manufacturing, renewable energy integration, smart grids, and low-voltage demand in urban housing projects.
6Wresearch actively monitors the Mexico Switchgear Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Mexico Switchgear Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1. Executive Summary |
| 2. Introduction |
| 2.1 Report Description |
| 2.2 Key Highlights of The Report |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3. Mexico Switchgear Market Overview |
| 3.1 Mexico Country Indicators |
| 3.2 Mexico Switchgear Market Revenues & Volume 2021-2031F |
| 3.3 Mexico Switchgear Market Revenue Share, By Voltage, 2021 & 2031F |
| 3.4 Mexico Switchgear Market Revenue Share, By Insulation, 2021 & 2031F |
| 3.5 Mexico Switchgear Market Revenue Share, By Application, 2021 & 2031F |
| 3.6 Mexico Switchgear Market - Industry Life Cycle |
| 3.7 Mexico Switchgear Market - Porter’s Five Forces |
| 4. Mexico Switchgear Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing demand for electricity in Mexico |
| 4.2.2 Growing emphasis on renewable energy sources |
| 4.2.3 Government initiatives to modernize electrical infrastructure |
| 4.3 Market Restraints |
| 4.3.1 Fluctuating raw material prices |
| 4.3.2 Economic uncertainties in the region |
| 4.3.3 Competition from unorganized sector |
| 5. Mexico Switchgear Market Trends |
| 6. Mexico Switchgear Market Overview, By Voltage |
| 6.1 Mexico Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2021-2031F |
| 6.2 Mexico Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2021-2031F |
| 6.3 Mexico Switchgear Market Revenues & Volume, By High Voltage Switchgear 2021-2031F |
| 7. Mexico Switchgear Market Overview, By Insulation |
| 7.1 Mexico Switchgear Market Revenues, By Medium Voltage Switchgear, 2021-2031F |
| 7.2 Mexico Switchgear Market Revenues, By High Voltage Switchgear, 2021-2031F |
| 7.3 Mexico Switchgear Market Revenues, By Low Voltage Switchgear, 2021-2031F |
| 8. Mexico Switchgear Market Overview, By Application |
| 8.1 Mexico Switchgear Market Revenues & Volume, By Residential, 2021-2031F |
| 8.2 Mexico Switchgear Market Revenues & Volume, By Commercial, 2021-2031F |
| 8.3 Mexico Switchgear Market Revenues & Volume, By Industrial, 2021-2031F |
| 8.4 Mexico Switchgear Market Revenues & Volume, By Power Utilities, 2021-2031F |
| 9. Mexico Switchgear Market - Key Performance Indicators |
| 9.1 Capacity utilization rate of switchgear manufacturers |
| 9.2 Number of new renewable energy projects in Mexico |
| 9.3 Investment in grid modernization projects |
| 10. Mexico Switchgear Market - Opportunity Assessment |
| 10.1 Mexico Switchgear Market Opportunity Assessment, By Voltage 2031F |
| 10.2 Mexico Switchgear Market Opportunity Assessment, By Insulation 2031F |
| 10.3 Mexico Switchgear Market Opportunity Assessment, By Application, 2031F |
| 11. Mexico Switchgear Market Competitive Landscape |
| 11.1 Mexico Switchgear Market Revenue Share, By Company, 2024 |
| 11.2 Mexico Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters |
| 12. Company Profiles |
| 13. Key Recommendations |
| 14. Disclaimer |
Market Forecast By Voltage (Low Voltage (By Type (MCB, MCCB, ACB & Others ), By Application (Residential, Commercial, Industrial, Power Utilities & Others)), Medium Voltage(By Application(Residential, Commercial, Industrial, Power Utilities &Others), By Insulation Type(Air Insulated Switchgear & Other Insulated Switchgear)), High voltage Switchgear (By Application(Residential, Commercial, Industrial, Power Utilities & Others)), By Insulation Type (Air Insulated Switchgear, Other Insulated Switchgear)), By Applications(Residential, Commercial, Industrial, Power Utilities & others ) And Competitive Landscape.
| Product Code: ETC001122 | Publication Date: Sep 2019 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Mexico Switchgear Market size is projected to grow due to an increasing number of projects for the overhaul of electricity transmission grid network and development of renewable-based power plants in the country. Further, the oil & gas sector in the country is expected to witness a boost in the coming years on the back of new plans introduced by PEMEX, a Mexican state-owned petroleum company, for exploration of new oil & gas pit in the Gulf of Mexico. These new projects are expected to generate additional demand for switchgear in the country to provide appropriate power infrastructure.
According to 6Wresearch, Mexico Switchgear Market size is projected to grow at a CAGR of 3.3% during 2019-2025. The medium voltage switchgear segment is anticipated to dominate the overall Mexico switchgear market share, in terms of revenues, on account of demand for such products in new industrial and oil exploration projects. However, low voltage switchgear is expected to grow faster on the back of increasing demand for a current-control solution in new residential and commercial projects such as Oak 58 High Living, Iqono Interlomas Towers, Bosque Real Towers, and Platea Business Office., etc.
Based on the applications, oil & gas application is expected to acquire the majority of the market revenue share in the overall switchgear market of Mexico, due to upcoming projects in the oil & gas sector. Such developments would also support the growth of gas-insulated switch gears in the country.
The Mexico switchgear market report thoroughly covers the market by voltage, by types, by insulation type, and by applications. The Mexico switchgear market outlook report provides an unbiased and detailed analysis of the on-going Mexico switchgear market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
Key Highlights of the Report:
- Mexico Switchgear Market Overview
- Mexico Switchgear Market Outlook
- Mexico Switchgear Market Forecast
- Historical Data of Mexico Switchgear Market Revenues for the Period 2015-2018
- Mexico Switchgear Market Size and Mexico Switchgear Market Forecast of Revenues, Until 2025
- Historical Data of Mexico Switchgear Market Revenues, by voltage, for the Period 2015-2018
- Market Size & Forecast of Mexico Switchgear Market Revenues, by voltage, until 2025
- Historical Data of Mexico Switchgear Market Revenues, by insulation type, for the Period 2015-2018
- Market Size & Forecast of Mexico Switchgear Market Revenues, by insulation type, until 2025
- Historical Data of Mexico Switchgear Market Revenues, by types, for the Period 2015-2018
- Market Size & Forecast of Mexico Switchgear Market Revenues, by types, until 2025
- Historical Data of Mexico Switchgear Market Revenues, by applications, for the Period 2015-2018
- Market Size & Forecast of Mexico Switchgear Market Revenues, by applications, until 2025
- Mexico Switchgear Market Drivers
- Mexico Switchgear Market Restraints
- Mexico Switchgear Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Mexico Switchgear Market Share, By Players
- Mexico Switchgear Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Mexico switchgear market report provides a detailed analysis of the following market segments:
- By Voltage
- Low Voltage (<1.1 kV)
- By Types
- MCB
- MCCB
- C&R
- ACB
- COS
- Others (Distribution Boards, RCB, ELCB)
- By Applications
- Residential
- Commercial
- Industrial
- Power Utilities
- Others (Transportation infrastructure etc.)
- By Types
- Medium Voltage (1.1 kV – 36 kV)
- By Types
- ISG (Indoor Switchgear)
- OSG (Outdoor Switchgear)
- Others (RMU, CSS)
- By Insulation Type
- Air Insulated Switchgear
- Gas Insulated Switchgear
- Other Insulated Switchgear (Hybrid, Oil)
- By Applications
- Commercial
- Industrial
- Power Utilities
- Others (Transportation infrastructure etc.)
- By Types
- High voltage Switchgear (<36 kV)
- By Insulation Type
- Air Insulated Switchgear
- Gas Insulated Switchgear
- Other Insulated Switchgear (Hybrid, Oil)
- By Applications
- Industrial
- Power Utilities
- Others (Transportation infrastructure etc.)
- By Insulation Type
- Low Voltage (<1.1 kV)
- By Applications
- Residential
- Commercial
- Industrial
- Power Utilities
- Others (Transportation infrastructure etc.)
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