Mexico Distributed Energy Generation Market Size & Outlook
Mexico distributed energy generation market, 2016-2027 (US$M)
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Mexico distributed energy generation market highlights
- The Mexico distributed energy generation market generated a revenue of USD 4,814.9 million in 2019 and is expected to reach USD 14,720.6 million by 2027.
- The Mexico market is expected to grow at a CAGR of 15% from 2020 to 2027.
- In terms of segment, fuel cells was the largest revenue generating technology in 2019.
- Solar Photovoltaic is the most lucrative technology segment registering the fastest growth during the forecast period.
Distributed energy generation market data book summary
| Market revenue in 2019 | USD 4,814.9 million |
| Market revenue in 2027 | USD 14,720.6 million |
| Growth rate | 15% (CAGR from 2019 to 2027) |
| Largest segment | Fuel cells |
| Fastest growing segment | Solar Photovoltaic |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wind Turbine, Reciprocating Engines, Fuel Cells, Solar Photovoltaic, Gas & Steam Turbines |
| Key market players worldwide | Vestas Wind Systems A/S, Caterpillar Inc, Ballard Power Systems Inc, Rolls-Royce Holdings PLC, GE Aerospace, Siemens AG, Schneider Electric SE, Sharp Corp, First Solar Inc, Mitsubishi Electric Corp, Toyota Motor Corp, Doosan Heavy Industries & Construction, Suzlon Energy, Capstone Green Energy, ENERCON |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.0% of the global distributed energy generation market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. distributed energy generation market is projected to lead the regional market in terms of revenue in 2027.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 14,720.6 million by 2027.
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Distributed Energy Generation Market Scope
Distributed Energy Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico distributed energy generation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to distributed energy generation market will help companies and investors design strategic landscapes.
Fuel cells was the largest segment with a revenue share of 50.48% in 2019. Horizon Databook has segmented the Mexico distributed energy generation market based on wind turbine, reciprocating engines, fuel cells, solar photovoltaic, gas & steam turbines covering the revenue growth of each sub-segment from 2016 to 2027.
In terms of volume, Mexico accounted for a share of over 8.01% in North America DEG market in 2019 and is projected at a CAGR of 14.5% during the forecast period. Mexico government has set up ambitious goal to reduce carbon emissions by targeting to have 35% of power generation from clean energy sources by 2035 and to make it 50% by 2050.
Further, initiatives have taken by government to increase energy conservation and energy efficiency practices. These factors will result to boost the growth of distributed energy generation market in the country over the forecast period.
Mexico is one of developing economies with more than 40 million electricity customers, provides significant opportunity for the growth of untapped renewable energy sector.
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Our clientele includes a mix of distributed energy generation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico distributed energy generation market , including forecasts for subscribers. This country databook contains high-level insights into Mexico distributed energy generation market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Mexico distributed energy generation market size, by technology, 2016-2027 (US$M)
Mexico Distributed Energy Generation Market Outlook Share, 2019 & 2027 (US$M)
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