Mexico Energy Management Systems Market Size & Outlook
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Mexico energy management systems market highlights
- The Mexico energy management systems market generated a revenue of USD 1,540.3 million in 2024 and is expected to reach USD 3,073.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 12.1% from 2025 to 2030.
- In terms of segment, industrial energy management system (iems) was the largest revenue generating system type in 2024.
- Building energy management system (BEMS) is the most lucrative system type segment registering the fastest growth during the forecast period.
Energy management systems market data book summary
| Market revenue in 2024 | USD 1,540.3 million |
| Market revenue in 2030 | USD 3,073.2 million |
| Growth rate | 12.1% (CAGR from 2025 to 2030) |
| Largest segment | Industrial energy management system (iems) |
| Fastest growing segment | Building energy management system (BEMS) |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial energy management system (IEMS), Building energy management system (BEMS), Home energy management system (HEMS) |
| Key market players worldwide | Schneider Electric SE, Honeywell International Inc, Siemens AG, Johnson Controls International PLC, C3.ai Inc Ordinary Shares - Class A, GE Aerospace, ABB Ltd, International Business Machines Corp, Cisco Systems Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.9% of the global energy management systems market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. energy management systems market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 6,590.7 million by 2030.
Industrial energy management system (iems) was the largest segment with a revenue share of 83.39% in 2024. Horizon Databook has segmented the Mexico energy management systems market based on industrial energy management system (iems), building energy management system (bems), home energy management system (hems) covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico's energy management systems market is still developing, but there is growing interest in adopting these systems to improve energy efficiency and reduce energy costs. The Mexican government has set ambitious targets for increasing the share of renewable energy in the country's energy mix, driving the adoption of energy management systems.
The use of smart energy management systems in Mexico is still relatively low, but there has been some progress in recent years. Several Mexican utilities have started to deploy smart meters to their customers, although the penetration rate is still low compared to other countries in the region.
However, some challenges remain to be addressed, such as the need for more investment in infrastructure and the development of regulatory frameworks to support the adoption of these systems.
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Energy Management Systems Market Scope
Energy Management Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| C3.ai Inc Ordinary Shares - Class A | View profile | 914 | 1400 Seaport Boulevard, Redwood City, CA, United States, 94063 | https://www.c3.ai |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
Mexico energy management systems market size, by system type, 2018-2030 (US$M)
Mexico Energy Management Systems Market Outlook Share, 2024 & 2030 (US$M)
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