Between 2013 and 2023, the production of electricity, gas, steam, and air conditioning supply in Mexico experienced notable fluctuations. Significant growth occurred in 2014 (8%) and 2017 (37.79%), followed by a peak in 2018. However, the value decreased by 13.61% during 2020, likely due to the pandemic. By 2023, the value stood at 700.72 Billion Mexican Pesos, representing a 3.44% year-on-year increase. Over the previous five years, the average annual variation (CAGR) was 2.77%.
Future trends to watch for include continued moderate growth with a forecasted CAGR of 2.53% from 2024 to 2028. Industry stakeholders should closely monitor technological advances and regulatory changes that may impact production efficiencies and capacity alterations.