Forecast: Import of Electric Generating Sets and Rotary Converters to Mexico

The import value of Electric Generating Sets and Rotary Converters to Mexico has shown significant fluctuations over the past decade with an actual value standing at $1803.7 million in 2023. Notably, the market reached its lowest in 2017 at $676.61 million and peaked in 2018 at $1708.6 million. The market rebounded steadily post-2018 showing an average annual growth rate (CAGR) of 2.92% from 2023 to 2028. The year-on-year growth rate in 2023 was 4.08%, a slight increase from the previous years at 4.34% in 2022 and 26.07% in 2021, indicating a trend toward stabilization.

Future trends to watch for:

  • Advancements in renewable energy technologies which may influence the import of more sophisticated generating sets and converters.
  • Government policies and infrastructure investments aimed at upgrading the power generation sector.
  • Potential supply chain disruptions or changes in global trade relations which could impact import volumes and prices.
  • Market demand driven by economic factors and energy consumption trends within the country.

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