The market is dominated by domestic suppliers, as imports account for 26.8% of total market size in 2021. B2B drives market demand, with B2B spending representing 62.4% of total demand in 2021. Mexico has the largest market size for industrial process control equipment regionally, with demand reaching USD2.9 billion in 2021. Honeywell SA de CV is the largest company in Mexico, generating 8.0% of the industry’s total production value in 2021. The industry is fragmented, with the top five companies generating 20.2% of total production value in 2021. The total number of companies increases in 2021, to 3,548 units. The costs of the industry increase by 17.2% in 2021, largely driven by rising B2B costs. The industry’s profitability increases and stands at 8.1% of production value in 2021, the 10th highest regionally. With production value of USD1.8 billion, Mexico accounts for 70.0% of the Latin America total in 2021.
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This Euromonitor industrial report provides unique information on Industrial Process Control Equipment in Mexico: ISIC 3313. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial Process Control Equipment in Mexico: ISIC 3313 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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