Mexico Energy Harvesting System Market Size & Outlook
Mexico energy harvesting system market, 2016-2028 (US$M)
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Mexico energy harvesting system market highlights
- The Mexico energy harvesting system market generated a revenue of USD 8.7 million in 2019 and is expected to reach USD 18.0 million by 2028.
- The Mexico market is expected to grow at a CAGR of 8.4% from 2020 to 2028.
- In terms of segment, home and building automation was the largest revenue generating application in 2019.
- Home and Building Automation is the most lucrative application segment registering the fastest growth during the forecast period.
Energy harvesting system market data book summary
| Market revenue in 2019 | USD 8.7 million |
| Market revenue in 2028 | USD 18.0 million |
| Growth rate | 8.4% (CAGR from 2019 to 2028) |
| Largest segment | Home and building automation |
| Fastest growing segment | Home and Building Automation |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumer Technology, Home and Building Automation, Industrial, Transportation, Security |
| Key market players worldwide | ABB Ltd, Schneider Electric SE, Ekso Bionics Holdings Inc, STMicroelectronics NV, Analog Devices Inc, Texas Instruments Inc, Cymbria Corp Class A, Energean PLC, Power Corporation of Canada Shs Subord.Voting, MAHLE |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.6% of the global energy harvesting system market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. energy harvesting system market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 18.0 million by 2028.
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Energy Harvesting System Market Scope
Energy Harvesting System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico energy harvesting system 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 energy harvesting system market will help companies and investors design strategic landscapes.
Home and building automation was the largest segment with a revenue share of 36.78% in 2019. Horizon Databook has segmented the Mexico energy harvesting system market based on consumer technology, home and building automation, industrial, transportation, security covering the revenue growth of each sub-segment from 2016 to 2028.
Mexico is one of developing economies, with more than 40 million consumers of electricity and provides significant opportunities for the growth of the untapped energy harvesting system market. Based on provisional numbers released by the Mexican Solar Energy Association (Asolmex), Mexico reached operational installed PV capacity of around 4 GW in 2019, which creates significant opportunities for light/solar energy harvesting systems.
Such opportunities, coupled with increasing penetration of IoT devices in industrial sector, are anticipated to drive consumer awareness and implementation of energy harvesting devices in the near future.
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Our clientele includes a mix of energy harvesting system market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico energy harvesting system market , including forecasts for subscribers. This country databook contains high-level insights into Mexico energy harvesting system market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico energy harvesting system market size, by application, 2016-2028 (US$M)
Mexico Energy Harvesting System Market Outlook Share, 2019 & 2028 (US$M)
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