Mexico Combined Heat and Power Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The market for combined heat and power in Mexico is expected to grow at a CAGR of more than 4.8% during the forecast period of 2020 – 2025. Factors such as rising electricity demand and government policies supporting the adoption of combined heat and power (CHP) are expected to drive the market in Mexico over the forecast period. On the other hand, the Mexican economy has been sluggish, mainly due to the lower oil production, tighter fiscal policies, decreased oil prices, and low productivity growth is likely to hinder the market growth.
Key HighlightsThe market for combined heat and power in Mexico is moderately fragmented, with the presence of numerous players, including General Electric Company, Santos CMI, Siemens AG, Capstone Turbine Corporation, and MAN Energy Solutions.
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