Market Size of Mexico Wind Energy Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 7.30 gigawatt |
| Market Volume (2029) | 7.80 gigawatt |
| CAGR (2024 - 2029) | > 1.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Wind Energy Market Analysis
The Mexico Wind Energy Market size in terms of installed base is expected to grow from 7.30 gigawatt in 2024 to 7.80 gigawatt by 2029, at a CAGR of greater than 1% during the forecast period (2024-2029).
- Factors such as the declining costs of wind technologies and additional subsidies on wind energy systems, demand for cleaner energy, and supportive government policies are expected to drive the wind energy market.
- On the other hand, in the absence of any new initiatives, an underdeveloped power grid in Mexico is expected to hinder the growth of the wind energy market in the coming years.
- Mexico is focusing on onshore wind power, which may dominate the market due to high investment and better wind current, providing economic viability for large projects. This, in turn, is expected to provide better opportunities to the Mexico wind energy market in the future.
