Mexico Wires And Cables Market (2021-2027)
Market Forecast By Voltage (Low (Up To 1000 V), Medium (1000.1 V To 35 Kv), High (35.1 Kv To 160 Kv), Extra-High (Above 160 Kv)), By Installation Type (Overhead, Underground), By Material Type (Copper, Aluminium, Glass), By Regions (Northern Region, Central Region, Southern Region), By Applications (Residential, Buildings And Commercial (Retail, Office, Hospitality, Entertainment, Educational, Others (Stadiums, Community Centers, Museums, And Sports Complexes)), Industrial (Consumer Electronics, Manufacturing Facilities, Warehouses And Cold Storage, Oil And Gas, Others (Flex Buildings, Randd Centers)), Power And Energy (Power Generation Plants, Substation And Transmission Network), IT And Telecommunications (Telecom Centers, Data Centers), Healthcare (Hospitals, Clinics, Medical Offices, Diagnostics Centre), Gaming And Amusements (Theme Parks, Gaming Centers, Casinos), Automotive (Light Vehicles, Heavy Vehicles, EV, Motor Bikes, Others), Others (Marine, Agriculture, Waste Management System And Transportation)) And Competitive Landscape
According to 6Wresearch, Mexico Wires and Cables Market size is projected to grow at CAGR of 2.9% during 2021-27. Numerous electrification projects in Mexico, on the account of bilateral agreements with American and European companies and financial support from the Mexican Regime-owned enterprises (ROEs), construction of industrial parks, tech-parks, construction-related projects, Trans-Isthmus project would boost the demand for the wires, cables, and related components installation across residential, commercial, and government segments in the coming years.
The Mexico wires and cables market has witnessed a fall in revenues during 2020 due to the ongoing pandemic of COVID-19, which resulted in a halt in electrification, construction of data centres projects, suspension of economic activities, and lockdown across South-American countries. However, previously it was growing at a steady rate due to several mandatory government regulations, including promoting state-owned utilities such as CFE and Pemex dealing in cables and wires in different ventures across the nation.
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Market Analysis by Applications
By Applications, Aerospace, Industrial, Marine, Healthcare and Automotive together comprise of a cumulative market share of around 60% in the overall market revenues in 2020.
Key Highlights of the Report
Mexico Wires and Cables Market Overview
Mexico Wires and Cables Market Trends
Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Mexico Wires and Cables Market Outlook
Mexico Wires and Cables Market Forecast
Market Drivers and Restraints
Mexico Wires and Cables Market Share, By Companies
Mexico Wire and Cables Market COVID-19 Impact Analysis
Historical Data and Forecast of Market Revenues, By Verticals, for the Period 2017-2027F
Historical Data and Forecast of Market Revenues, By Regions, for the Period 2017-2027F
Historical Data and Forecast of Market Revenues, By Installation Types, for the Period 2017-2027F
Historical Data and Forecast of Market Revenues, By Material Types, for the Period 2017-2027F
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