The production volumes of electrical equipment in Mexico have demonstrated a generally upward trend from 2013 to 2023, reaching 474.01 billion Mexican Pesos in 2023. Despite a significant dip in 2020, a recovery is evident with an increase of 21.87% in 2021 and more modest growth thereafter, culminating in a 1.08% increase in 2023. The compound annual growth rate (CAGR) over the last five years leading up to 2023 stands at 1.14%, indicating steady yet moderate growth.

Looking forward, forecasted data from 2024 to 2028 predict continuous growth, with the production volume anticipated to reach 500.56 billion Mexican Pesos by 2028. This forecast reflects a positive outlook with a 5-year CAGR of 0.86% and a forecasted total growth rate of 4.37%.

Future trends to watch for include: