Electrical Equipment Manufacturing in Mexico - Industry Market Research Report

Lighting up: Despite large fluctuations in revenue, the industry is expected to expand

Electrical Equipment Manufacturing in Mexico
The Electrical Equipment Manufacturing industry in Mexico manufactures distribution and specialty transformers as well as electric motors, generators and motor generator sets. Over the five years to 2019, the industry has steadily expanded. The overall success of electrical equipment manufacturing in Mexico has stemmed from an expanding economy in Mexico and its chief trading partner, the United States, favorable trade agreements and the comparatively lower production costs of locating in Mexico. During the current period, favorable economic conditions reflected by low unemployment, accessible credit and rising consumer confidence levels spurred demand for electrical equipment across several sectors. Over the five years to 2024, the industry is expected to continue growing, albeit at a slower rate. Although economic growth is expected to slow during the outlook period, manufacturers in Mexico will likely continue to rely on their substantial cost advantages and continue to build on trading pacts such as the recently ratified United States Mexico Canada Agreement.This industry includes companies primarily engaged in manufacturing power, distribution and specialty transformers as well as electric motors, generators and motor generator sets. Companies that manufacture electric and electronic control systems and motors are also included in the industry. However, operators that manufacture electronic component transformers, batteries and switches and distributors for automotive vehicles are excluded from this industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.