Mexico Solar Photovoltaic (PV) Market Overview
The Mexico Solar Photovoltaic (PV) Market is anticipated to grow at a CAGR of 9.12% between 2020 to 2030. The Mexican government is investing high in power generation by using renewable energy resources including solar energy, In order to promote uses of green energy for environmental welfare and to reduce carbon emission. For instance, out of total energy allocated in Mexico, solar energy accounted for greater than 55% share followed by wind energy. Thus, the demand for solar photovoltaic cells is growing consistently in the country for the last few years.
Moreover, the pricing of various solar technologies is reducing constantly since the last few years due to technological advancement in the manufacturing of these devices. The government subsidies for solar equipment his father help in helping in a significant reduction in prices of various solar technologies. However, factors such as unavailability of sufficient land, political fluctuation, and adverse economic situation of Mexico is affecting the market growth of solar photovoltaic cells in Mexico.
The report published by conference research provides an in-depth analysis of the Mexico solar PV cells market including market estimates and forecast, identification of key market trends, qualitative and quantitative analysis, and key competitor analysis.
Key research findings:
- Currently, Mexico has 23 photovoltaic power generation plants, With the combined capacity of 214 MW & a total of 344GWH power generated till 2017.
- The Mexican government has spent about USD 3400 million on providing Energy consumption subsidies across the country.
- By deployment type, the utility-scale segment accounted for the largest Market share in 2019 going to large scale installation capacity in Mexico.
- Mexico solar photovoltaic market, by deployment type, 2017 to 2030, USD million
- Distributed solar generation ( residential, commercial and industrial)
- Mexico solar photovoltaic market, by geography, 2017 to 2030, USD million
Mexico solar photovoltaic (PV) market share insights
- Domestic Players
- CPM Solar
- Enlight Mexico
- International Player
- Canadian Solar Inc.
- Engie SA
- Enel SpA
- Risen Energy Co. Ltd
The target audience for this report
- Solar photovoltaic cells manufacturers, distributors, suppliers
- Private investment companies
- Management consultancies
- Industry Association and government entities