Mexico Medium Voltage Cable Market Overview, 2028

Mexico Medium Voltage Cable Market Overview, 2028

The Medium Voltage Cable market in Mexico represents a critical sector within the country's electrical infrastructure landscape. As Mexico continues to experience robust economic growth and urbanization, the demand for reliable and efficient power transmission and distribution systems has surged. Mexico has made huge investments in the construction of its infrastructure, including projects related to transportation, electricity, and housing. Since they are necessary for the dependable transmission and distribution of energy in these infrastructure projects, this trend is fueling the need for medium voltage cables. The Mexican cable market places a strong emphasis on product quality and reliability. Customers expect Medium Voltage Cables to meet rigorous industry standards and performance requirements. Manufacturers and suppliers are keenly aware of the importance of delivering high-quality products to maintain their reputation and gain customer trust.

According to the research report “Mexico Medium Voltage Cable Market Overview, 2028,"" published by Bonafide Research, The Mexico Medium Voltage Cable market is projected to reach market size of more than USD 1.28 Billion by 2028. Mexico has been actively promoting renewable energy sources to diversify its energy mix and reduce dependence on fossil fuels. The integration of renewable energy, particularly wind and solar, requires extensive Medium Voltage Cable installations to transmit power from renewable generation sites to the grid and end-users. Modernization of the electrical grid is a priority for Mexico. Smart grid initiatives, such as advanced metering infrastructure, grid automation, and intelligent distribution systems, are being implemented. This trend creates opportunities for Medium Voltage Cables equipped with communication and monitoring capabilities to enable efficient grid management and enhance reliability.

The Mexican Medium Voltage Cable market adheres to local and international regulations and standards to ensure safety, reliability, and compliance. Manufacturers and suppliers are expected to meet or exceed regulatory requirements, including those related to product certifications, electrical safety, and environmental considerations. Commission Federal de Electrician (CFE) is the state-owned utility company responsible for the generation, transmission, and distribution of electricity in Mexico. Grupo Elektra is a leading Mexican conglomerate with a strong presence in the electricity distribution sector. It operates through its subsidiary, Luz y Fuerza Del Centro (LyFC), primarily serving the central region of Mexico, including Mexico City. Grupo Elektra utilizes Medium Voltage Cables for electricity distribution in its service area. Important end-user segments for medium voltage cables include the business and residential sectors. Office buildings, malls, hotels, hospitals, and other commercial establishments use medium voltage cables for power distribution in the commercial sector. Medium Voltage Cables are utilised in the residential sector to distribute energy throughout housing developments, apartment buildings and private residences. The combined use of medium voltage cables in the commercial and residential sectors of Mexico is enormous.

Mexico's infrastructure development, including transportation, housing, and commercial projects, drives the consumption of electricity. Medium Voltage Cables are utilized to provide electricity to infrastructure projects, ensuring reliable power supply for lighting, heating, cooling, and other electrical systems.The growing demand for data centres in Mexico, driven by the increasing digitalization and expansion of cloud services, requires reliable power distribution systems. Medium Voltage Cables play a vital role in ensuring uninterrupted power supply and efficient data center operations. The Medium Voltage Cable market is witnessing advancements in cable technology, such as improved insulation materials, higher ampacity, and better resistance to environmental factors. These technological advancements enhance the performance, reliability, and safety of Medium Voltage Cables, meeting the evolving needs of customers.

The Association Nacional de Distribuidores de Energy Electric (ANADE) is the organisation that works for the Mexican power distribution industry. A national organisation called ANADE brings together several power distribution businesses that are active in Mexico. ANADE strives to enhance the quality of electricity distribution services, promote safety and reliability, and support the adoption of new technologies and practices in the sector. The Mexican government has implemented policies and programs to support electricity production, such as the Energy Reform and the Renewable Energy Law. These initiatives aim to attract investments, promote competition, and diversify the energy mix, ultimately increasing the overall production of electricity.

Considered in this report:
• Geography: Mexico
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Mexico medium voltage cable with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Installation Type:
• Overhead
• Underground
• Submarine

By End Users:
• Power Infrastructure (Energy, Power Transmission, and Distribution)
• IT & Telecommunication
• Building & Construction (Commercial and Residential)
• Aerospace & Defence
• Consumer Electronics
• Automotive (Passenger, Commercial, and Utility Vehicles)
• Others (Oil & Gas Industry, Industrial Machinery and Manufacturing, Medical Equipment, Logistics, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analysing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Medium Voltage Cable market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry