Market Share of Mexico Factory Automation and ICS Industry
The Mexican factory automation and industrial controls market is pushing towards fragmentation and consists of several major players. In terms of market share, some significant players presently dominate the market. However, with innovative and sustainable products and solutions, many companies are growing their market presence by securing unique contracts and tapping into new markets.
In August 2022, Honeywell announced the expansion of its Research and Development Center for Technological Solutions. It aims to attract specialized local talent for the venue, where the brand has invested more than USD 8 million and is located in Tecnoparque in Mexico City.
In August 2022, ABB announced that it signed an agreement to acquire Siemens’ low-voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, this acquisition gives a well-regarded product portfolio, a long-standing North American consumer base, and an experienced operations, sales, and management team. The business operates around 600 people and generated revenues of approx. USD 63 million recently, and the transaction is anticipated to close in the second quarter of 2023.
Mexico Factory Automation & ICS Market Leaders
Honeywell International Inc.
General Electric Co.
ABB Ltd.
Emerson Electric Company
Siemens AG
*Disclaimer: Major Players sorted in no particular order
