Harrisburg, NC -- (SBWIRE) -- 10/27/2020 -- The Mexico Wind Energy Market Research Report 2020-2025 research report offers an in-depth evaluation of each crucial aspect of the Mexico Wind Energy industry that relates to market size, share, revenue, demand, sales volume, and development in the market. The report analyzes the Wind Energy market over the values, historical pricing structure, and volume trends that make it easy to predict growth momentum and precisely estimate forthcoming opportunities in the Wind Energy Market. The report explores the current outlook in Mexico and key regions from the perspective of players, countries, product types, and end industries.
The Mexican market for wind energy is expected to register a CAGR of more than 8% during the forecast period of 2020-2025.
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Mexico Major Players in Wind Energy Market are:
Siemens Gamesa Renewable Energy SA, General Electric Company, Vestas Wind Systems, Acciona SA, EDF Renewables Inc., Enel SpA, and others.
Mexico has some of the most attractive territories for wind energy, which lie between the latitudes 14 ° N and 33 ° N and the longitudes 86 ° W and 119 ° W, signifying that it is one of the few countries that lie within the most favorable sunbelt on the planet that provides better wind current in the offshore region. Moreover, in 2019, the country expected an increase of more than 25% in its installed wind energy capacity, which was likely to be driven by the number of such new wind projects that were anticipated to come online during the year. In addition, the declining costs of wind technologies are becoming competitive with fossil fuel sources, and additional subsidies on wind energy systems are driving the wind energy market further. On the other hand, in the absence of any new initiatives, an underdeveloped power grid of 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 project. During 2018, Mexico registered about 23.19% increase in its installed wind power capacity, owing to increasing environmental concerns. Currently, the market is largely driven by commercial interests.
- The new wind capacity installed in the country increased by almost 100% in 2018, as compared to that in 2017. The Mexican wind industry is focusing on reaching about 13 GW and 50 GW of wind power generation capacity by 2020 and 2030, respectively, by attracting foreign investment. This, in turn, is expected to provide better opportunities to the Mexico wind energy market in future.
- Increasing wind installations, owing to the projects announced and the ambitious renewable energy targets, are expected to drive the wind market in Mexico during the forecast period.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Mexico and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Mexico Wind Energy Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Customization of this Report: This Wind Energy market report could be customized to the customer's requirements. Please contact our sales professional (email@example.com), we will ensure you obtain the report which works for your needs.
The research includes historic data from 2015 to 2020, and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs
Market Intelligence Data provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc., Market Intelligence Data provides Mexico and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.