Mexico Switchgear Market (2024-2030) | 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: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Mexico Switchgear Market Competition 2023


Mexico Export Potential Assessment For Switchgear Market (USD Values in Thousand)


Topics Covered in the Mexico Switchgear Market

Mexico Switchgear Market report thoroughly covers the market by voltage, insulation, and by applications. 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 Switchgear Market Synopsis

Mexico Switchgear Market is one of the most dynamic industries as switchgear is an integral part of the power distribution system and is responsible for controlling electrical circuit equipment. Mexico has emerged as a market for switchgear owing to its growing demand for energy and power. The country’s rich industrialization and urbanization attract industries to establish their manufacturing plants in the region.

According to 6Wresearch, the Mexico Switchgear Market size is estimated to grow at a CAGR of 5.6% during the forecast period of 2024-2030. The key factors proliferating the Mexico Switchgear Market Growth include rapid industrialization and electrification across the country. Additionally, government initiatives to promote renewable energy are further bolstering the need for modern switchgear equipment. Apart from this, one of the significant trends in the Mexico Switchgear Industry is the adoption of automation techniques. With the help of automation systems, switchgear operators can connect and control switchgear operations in real-time.

Additionally, 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. However, there are several 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. Moreover, intense competition in the market puts pressure on vendors to innovate and provide better products. Nevertheless, with the growth in demand for electricity, there is huge potential for the switchgear market in Mexico. 

Government policies and schemes introduced in the Mexico Switchgear Market 

The Mexico Switchgear Market has been emerging over the years. The country's growing energy needs have driven the development of the sector owing to abundant government policies and schemes to upsurge power generation and encourage private sector participation in the industry. The government of Mexico has introduced various policies and schemes to nurture the development of the energy sector. The government's Energy Reform is one of the most vital, which facilitated private sector participation in the energy industry. Additionally, the government's National Development Plan for the energy industry is focused on growing power generation, and there are ongoing deliberations to promote the use of renewable energy sources. 

Foremost players in the Mexico Switchgear Market

The Mexico Switchgear Market has witnessed notable growth on the back of major players such as ABB Ltd., Siemens AG, Schneider Electric SE, and General Electric Company. Siemens is one of the leading players in the market, with a broad portfolio of switchgear services. Similarly, ABB Ltd., is another important player in the Mexico Switchgear Industry, supplying an inclusive range of innovative switchgear solutions to meet customer requirements.

Market Analysis by Insulation

According to Shubhamdeep, Senior Research Analyst, 6Wresearch, the medium voltage GIS segment is poised to grow during the forecast period, on account of the safety and reliability provided by these switchgear in medium voltage power systems. On the other hand, the high-voltage GIS segment is expected to grow at a higher rate than AIS, primarily due to its capability to endure high-voltage pressure and provide safe power transmission.

Market Analysis by Applications

Based on applications, the residential sector has been dominating the Mexico Switchgear Market Share due to the widespread adoption of smart device systems. 

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Mexico Switchgear Market Overview
  • Mexico Switchgear Market Outlook
  • Mexico Switchgear Market Forecast
  • Historical Data of Mexico Switchgear Market Revenues & Volume for the Period 2020-2030
  • Mexico Switchgear Market Size and Mexico Switchgear Market Forecast of Revenues & Volume, Until 2030
  • Historical Data of Mexico Switchgear Market Revenues & Volume, By Voltage, for the Period 2020-2030
  • Market Size & Forecast of Mexico Switchgear Market Revenues & Volume, By Voltage, Until 2030
  • Historical Data of Mexico Switchgear Market Revenues & Volume, By Insulation, for the Period 2020-2030
  • Market Size & Forecast of Mexico Switchgear Market Revenues & Volume, By Insulation, Until 2030
  • Historical Data of Mexico Switchgear Market Revenues & Volume, By Applications, for the Period 2020-2030
  • Market Size & Forecast of Mexico Switchgear Market Revenues & Volume, By Applications, Until 2030
  • Market Drivers and Restraints
  • Mexico Switchgear Market Price Trends
  • 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 Share, By Regions
  • Mexico Switchgear Market Overview on Competitive Benchmarking
  • Company Profiles
  • 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 (2024-2030): FAQs
The switchgear market in Mexico is projected to register a CAGR of 5.6% during the forecast period.
Some of the major players in the Mexico switchgear market are General Electric, Schneider Electric, and Eaton Corporation.
One of the key challenges faced by the market is increased competition from low-cost Chinese products. The country is also facing inflation, currency fluctuations, and weak economic growth.
The demand for power infrastructure and industrial development in Mexico is expected to remain high coupled with increasing investments in renewable energy.
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 2020-2030F
3.3 Mexico Switchgear Market Revenue Share, By Voltage, 2020 & 2030F
3.4 Mexico Switchgear Market Revenue Share, By Insulation, 2020 & 2030F
3.5 Mexico Switchgear Market Revenue Share, By Application, 2020 & 2030F
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
4.3 Market Restraints
5. Mexico Switchgear Market Trends
6. Mexico Switchgear Market Overview, By Voltage
6.1 Mexico Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2020-2030F
6.2 Mexico Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2020-2030F
6.3 Mexico Switchgear Market Revenues & Volume, By High Voltage Switchgear 2020-2030F
7. Mexico Switchgear Market Overview, By Insulation
7.1 Mexico Switchgear Market Revenues, By Medium Voltage Switchgear, 2020-2030F
7.2 Mexico Switchgear Market Revenues, By High Voltage Switchgear, 2020-2030F
7.3 Mexico Switchgear Market Revenues, By Low Voltage Switchgear, 2020-2030F
8. Mexico Switchgear Market Overview, By Application
8.1 Mexico Switchgear Market Revenues & Volume, By Residential, 2020-2030F
8.2 Mexico Switchgear Market Revenues & Volume, By Commercial, 2020-2030F
8.3 Mexico Switchgear Market Revenues & Volume, By Industrial, 2020-2030F
8.4 Mexico Switchgear Market Revenues & Volume, By Power Utilities, 2020-2030F
9.  Mexico Switchgear Market - Key Performance Indicators
10. Mexico Switchgear Market - Opportunity Assessment
10.1 Mexico Switchgear Market Opportunity Assessment, By Voltage 2030F
10.2 Mexico Switchgear Market Opportunity Assessment, By Insulation 2030F
10.3 Mexico Switchgear Market Opportunity Assessment, By Application, 2030F
11. Mexico Switchgear Market Competitive Landscape
11.1 Mexico Switchgear Market Revenue Share, By Company, 2023
11.2 Mexico Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters
12. Company Profiles
13. Key Recommendations
14. Disclaimer

Argentina Switchgear Market (2019-2025): 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.), 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(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), High voltage Switchgear (<36 KV), By Insulation Type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.)

Brazil Switchgear Market (2019-2025): 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.), 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(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure, etc.), High voltage Switchgear (<36 KV), By Insulation Type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure, etc.), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure, etc.)

Chile Switchgear Market (2019-2025): 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.), 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(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), High voltage Switchgear (<36 KV), By Insulation Type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.)

Latin America Switchgear Market (2019-2025): 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.), 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(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure, etc.), High voltage Switchgear (<36 KV), By Insulation Type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure, etc.), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure, etc.)

Southeast Asia Switchgear Market (2019-2025): Market Forecast By Voltage (Low Voltage Switchgear (<1.1 kV), Medium Voltage Switchgear (1.1 kV – 36 kV) and High Voltage Switchgear (>36 kV), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated, and Others including Hybrid and Oil), High Voltage Switchgear (Air Insulated, Gas Insulated, and Others including Hybrid and Oil)), By Types (Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS and Others including Distribution Boards, RCB and ELCB), Medium Voltage Switchgear (Indoor Switchgear (ISG), Outdoor Switchgear (OSG) and Others including RMU and CSS)), By Applications (Residential, Commercial, Industrial, Power Utilities and Others including Transportation Infrastructure, etc), By Countries (Indonesia, Vietnam, Thailand, Malaysia, Singapore, Myanmar, Cambodia, Laos and Rest of SEA including Philippines, Brunei, and Timor-Leste) and Competitive Landscape

Myanmar Switchgear Market (2018-2024): Market Forecast By Voltage (Low Voltage (< 1.1 kV), Medium Voltage (1.1 kV - 36 kV) and High Voltage (> 36 kV)), By Insulation (Medium Voltage (AIS, GIS and Others) and High Voltage (AIS, GIS and Others)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS, and Others) and Medium Voltage (ISG, OSG, and Others)), By Verticals (Residential, Commercial, Industrial, Power Utilities and Others), By Regions (Northern and Southern) and Competitive Landscape

Canada Switchgear Market (2019-2025): Market Report  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.), 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(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), High voltage Switchgear (<36 KV), By Insulation type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.) And Competitive Landscape.

China Switchgear Market (2019-2025): Market Report  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.), 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(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), High voltage Switchgear (<36 KV), By Insulation type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.) And Competitive Landscape.

France Switchgear Market (2019-2025): Market Report  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.), 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(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), High voltage Switchgear (<36 KV), By Insulation type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.) And Competitive Landscape.

 

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.)
    • 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.)
    • 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 Applications
    • Residential
    • Commercial
    • Industrial
    • Power Utilities
    • Others (Transportation infrastructure etc.)

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