Mexico Power Market Outlook to 2035 – Market Trends, Regulations and Competitive Landscape
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Mexico Power Market Report Overview
The annual power consumption in Mexico was 290.3 Terawatt hours (TWh) in 2022. It is expected to grow at a CAGR of more than 2% during 2022-2035. The growing government focus on the modernization of generation equipment, increasing the use of co-generation and combined cycle equipment, and installation of clean and efficient technologies will drive the power market growth in Mexico during the forecast period. It is also focusing more on power generation from natural gas and reducing generation from coal and oil. This will open opportunities for gas turbine and related equipment manufacturers and suppliers.
Mexico Power Market Outlook (2022-2035)
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The Mexico power market research report discusses the power market in the country in-depth and predicts future outcomes until 2035. Detailed coverage of the regulations and policies governing the market is also provided in the report. The Mexico power market report highlights the cumulative installed capacity and power generation trends by individual generation source from 2010 to 2035 in the country’s power market. Furthermore, the report also provides company snapshots of a few of the major market participants.
Total Power Consumption (2022) | 290.3TWh |
CAGR (2022-2035) | >2% |
Historical Period | 2010-2022 |
Forecast Period | 2023-2035 |
Key Sector | · Industrial Sector
· Residential Sector · Commercial Sector · Transport Sector |
Key Deal Types | · Partnerships
· Debt Offerings · Acquisition · Asset Transactions · Private Equity · Venture Financing |
Key Companies | · Comision Federal de Electricidad
· Iberdrola SA · Global Infrastructure Partners · Petroleos Mexicanos · Naturgy Energy Group SA |
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Mexico Power Market by Sectors
The industrial sector had the dominant share in power consumption in 2022
The key sectors in the Mexican power market are the residential sector, industrial sector, transport sector, commercial sector, and other sectors. In 2022, the industrial sector had the dominant share in power consumption, accounting for more than 61% in the Mexican power market. This was followed by the residential sector and the commercial sector.
Mexico Power Consumption Market Analysis by Sectors, 2022 (%)
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Mexico Power Market Segmentation by Deal Types
Most of the deals in the Mexico power market were partnerships in 2022
The key deal types recorded in the Mexico power market in 2022 were partnerships, debt offerings, acquisitions, asset transactions, and others. Based on deal type, Mexico’s power market was dominated by partnerships in 2022, followed by debt offerings and acquisitions.
Mexico Power Market Analysis by Deal Types, 2022 (%)
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Mexico Power Market – Competitive Landscape
In 2022, Mexico’s power generation market was dominated by Comision Federal de Electricidad (CFE), the state-owned utility
The key companies in the Mexico power market include:
- Comision Federal de Electricidad
- Iberdrola SA
- Global Infrastructure Partners
- Petroleos Mexicanos
- Naturgy Energy Group SA
Iberdrola SA: Headquartered in Bilbao, Spain, Iberdrola SA (Iberdrola) constructs, operates, and manages power generation plants, transmission and distribution facilities and other assets. The company produces electricity using conventional and renewable energy sources. It also trades electricity and gas in wholesale markets, and retails electricity, gas, and other related products and services. Iberdrola retails energy to residential, commercial, industrial, institutional, and other customers. In its transition to a sustainable energy model, the company is making considerable investments in smart grids, renewable energy, large-scale energy storage, and digital transformation.
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Latest Developments
- In March 2023, Iberdrola subsidiary ScottishPower, announced to install a pilot plant that will test a new electrolyzer technology that may reduce green hydrogen production costs. The pilot project is named, GreeNH3 and will use up to 20% less energy to produce same amount of hydrogen through a regular process. The company will be also testing the technology for large-scale ammonia production.
- During the same time, Naturgy Energy Group SA acquired a 100 MW photovoltaic plant in Andujar from Magnon Green Energy. This acquisition would help the company to continue diversifying and creating value within the sector of renewable energy.
Segments Covered in the Report
Mexico Power Type Industry Outlook (Value, 2010-2035)
- Residential Sector
- Industrial Sector
- Transport Sector
- Other Sector
- Commercial Sector
Mexico Power Market Deal Type Outlook (Value, 2010-2035)
- Debt Offerings
- Acquisition
- Asset Transactions
- Partnerships
- Private Equity
- Venture Financing
Scope
The report includes:
- Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity imports and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
- Statistics for installed capacity, generation, and consumption from 2010 to 2022, and forecast for the next 13 years to 2035.
- Capacity, generation, and major power plants by technology.
- Data on leading active and upcoming power plants.
- Information on transmission and distribution infrastructure, electricity imports and exports,
- Policy and regulatory framework governing the market.
- Detailed analysis of top market participants, including market share analysis and SWOT analysis.
Reasons to Buy
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector.
- Identify key factors driving investment opportunities in the country’s power sector.
- Facilitate decision-making based on strong historical and forecast data.
- Develop strategies based on the latest regulatory events.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Identify key partners and business development avenues.
- Identify key strengths and weaknesses of important market participants.
- Respond to your competitors’ business structure, strategy, and prospects.
Iberdrola SA
Global Infrastructure Partners
Petroleos Mexicanos
Naturgy Energy Group SA
Table of Contents
Table
Figures
Frequently asked questions
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What was the annual power consumption in Mexico in 2022?
The annual power consumption in Mexico was 290.3TWh in 2022.
-
What is the Mexico power market growth rate?
The Mexican power market is expected to grow at a CAGR of more than 2% during 2022-2035.
-
Which sector dominated the Mexican power market in terms of consumption?
In 2022, the industrial sector had the dominant share in power consumption in the Mexican power market.
-
Which was the preferred deal type in the Mexican power market?
Based on deal type, Mexico’s power market was dominated by partnerships in 2022.
-
Who are the key market players in the Mexican power market?
The key companies in the Mexican power market include Comision Federal de Electricidad, Iberdrola SA, Global Infrastructure Partners, Petroleos Mexicanos, and Naturgy Energy Group SA, among others.
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