Mexico Wires And Cables Market (2021-2027) | Value, Size, COVID-19 IMPACT, Share, Trends, Analysis, Outlook, Companies, Industry, Forecast, Growth & Revenue

Topics Covered in the Mexico Wires And Cables Market Report

Mexico Wires And Cables Market report thoroughly covers the market by voltages, installation, material, and regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Mexico Wires And Cables Market Synopsis

Mexico Wires and Cables Market has witnessed a fall in revenues during 2020 due to the ongoing pandemic of COVID-19, which resulted in a halt in electrification, construction of data centres projects, suspension of economic activities, and lockdown across South American countries. The market is now projected to grow significantly due to several factors.

According to 6Wresearch, Mexico Wires and Cables Market size is projected to grow at CAGR of 2.9% during 2021-2027. Numerous electrification projects in Mexico, on the account of bilateral agreements with American and European companies and financial support from the Mexican Regime-owned enterprises (ROEs), construction of industrial parks, tech-parks, construction-related projects, Trans-Isthmus project would boost the demand for the wires, cables, and related components installation across residential, commercial, and government segments in the coming years.

The upsurge in the technical proliferation and industrialization projects in different horizons, the digital revolution on the back of the huge influx of FDI by private players, and rapid developmental projects launched by the Mexican government were the key catalyzers for the overall growth of the cables and wires market in Mexico. However, the novel COVID-19 has disrupted the overall economy of Mexico, leaving its devastating imprint on numerous sectors and refraining from the growth of the wire and cables market in Mexico during the year 2020. The economy of Mexico has already forged ahead on the path of gradual economic recovery due to the introduction of the vaccine, reviving the consumption sector through e-commerce, and resumption of other economic activities that were kept on hold amid the global pandemic.

Mexico Wires and Cables Industry: Key Players

Many companies have entered the Mexico wires and cables market of Mexico in recent years, making it more competitive. Mexichem Specialty Compounds, Polycab Wires, Cables Mexico, Nexans, and General Cable Corporation are some of the market's major players. The companies operate in different market segments, such as power and communication cables, fiber optics, and copper wiring. They aim to produce high-quality, efficient, and cost-effective cables suitable for different sectors.

Wires and Cables Market in Mexico: Government Regulations

The government of Mexico's interest in the wires and cables market is evident in its recent initiatives. One of the initiatives is aimed at the electric sector, where the state plans to invest $23 billion in expanding its electric grid infrastructure and developing renewable energy sources. This investment will undoubtedly drive the demand for wires and cables in the country. In addition, the government has launched the National Infrastructure Plan 2019-2024, which aims to expand the country's infrastructure to spur economic growth. The plan includes investing in transport and energy infrastructure, which requires the expansion of power plant capacities, transmission, and distribution networks. Such projects are anticipated to create immense opportunities for companies in the wires & cables market.

Market Segmentation by Voltage

According to Dhaval, Research Manager, 6Wresearch, the high-voltage cables and wires segment generated the majority of the revenue. There is a high demand for high voltage cables from end-users like telecom, power distribution, oil & gas, as well as aerospace & Defense is anticipated to be the key factor accountable for the growth of wires and cables over the forecast period.

Key Attractiveness of the Report

 

• COVID-19 Impact on the Market.
• 11 Years of Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
•  Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Mexico Wires and Cables Market Overview
• Mexico Wires and Cables Market Outlook
• Mexico Wires and Cables Market Forecast
• Historical Data and Forecast of Mexico Wires and Cables Market Revenues and Volume for the Period 2017-2027F
• Historical Data and Forecast of Market Revenues, By Components, for the Period 2017-2027F
• Historical Data and Forecast of Market Revenues and Volumes, By Voltage Types, for the Period 2017-2027F
• Historical Data and Forecast of Market Revenues, By Installation Types, for the Period 2017-2027F
• Historical Data and Forecast of Market Revenues, By Material Types, for the Period 2017-2027F
• Historical Data and Forecast of Market Revenues, By Verticals, for the Period 2017-2027F
• Historical Data and Forecast of Market Revenues, By Regions, for the Period 2017-2027F
• Market Drivers and Restraints
• Mexico Wires and Cables Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Mexico Wires and Cables Market Share, By Companies
• Mexico Wire and Cables Market COVID-19 Impact Analysis
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Voltage

• Low (Up to 1000 V)
• Medium (1000.1 V to 35 kV)
• High (35.1 Kv to 160 kV)
• Extra-High (Above 160 kV)

By Installation Type

• Overhead
• Underground

By Material Type

• Copper
• Aluminium
• Glass

By Regions

• Northern Region
• Central Region
• Southern Region

Frequently Asked Questions About the Market Study: FAQ