The market is dominated by foreign suppliers, as imports account for 77.1% of total market size in 2022. B2B drives market demand, with B2B spending representing 51.6% of total demand in 2022. Mexico has the largest market size for electricity distribution and control apparatus regionally, with demand reaching USD6.2 billion in 2022. Molex de México SA de CV is the largest company in Mexico, generating 4.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 9.6% of total production value in 2022. The total number of companies increases in 2022, to 23,025 units. The costs of the industry increase by 19.6% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 14.9% of production value in 2022, the third highest regionally. The industry’s exports share decreases in 2022 to 86.4% of total production output. With production value of USD7.6 billion, Mexico accounts for 65.2% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Electricity Distribution and Control Apparatus in Mexico: ISIC 312. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electricity Distribution and Control Apparatus in Mexico: ISIC 312 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of electricity generation, distribution and storage equipment, computers, office machinery and communications equipment, and medical and precision equipment.
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