Mexico - North America Energy Storage Systems Market Size & Outlook
Mexico - North America Energy Storage Systems Market, 2018-2030 (US$M)
Global Market
Related Markets
Mexico energy storage systems market highlights
- The Mexico energy storage systems market generated a revenue of USD 234.1 million in 2022 and is expected to reach USD 693.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 14.5% from 2023 to 2030.
- In terms of segment, pumped hydro was the largest revenue generating technology in 2022.
- Advanced is the most lucrative technology segment registering the fastest growth during the forecast period.
Energy storage systems market data book summary
| Market revenue in 2022 | USD 234.1 million |
| Market revenue in 2030 | USD 693.1 million |
| Growth rate | 14.5% (CAGR from 2022 to 2030) |
| Largest segment | Pumped hydro |
| Fastest growing segment | Advanced |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pumped Hydro, Advanced |
| Key market players worldwide | Altair Engineering Inc Class A, Ecolab Inc, Electrovaya Inc, GE Aerospace, Longfor Group Holdings Ltd, LG Chem, Safety Insurance Group Inc, Showa Paxxs Corp, Furukawa Battery Co Ltd, Fluence Energy Inc, Samsung SDI Co Ltd GDR - 144A |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.1% of the global energy storage systems market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. energy storage 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 18,384.3 million by 2030.
Mexico government has set up ambitious goal to reduce carbon emissions by targeting to have 35% of power generation from clean energy sources by 2035 and to make it 50% by 2050. Further, initiatives have taken by government to increase energy conservation and energy efficiency practices. These factors will result to boost the growth of market the country in the forecast period.
Similarly, in September 2019 ON Energy Storage, a developer of battery energy storage systems, announced the successful installation of 30kW/60kWh system for a commercial site located in Tehuacan, Puebla in Mexico. These factors and developments are expected to increase the adoption of these systems in the country in the coming years.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
Energy Storage Systems Market Scope
Energy Storage Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Altair Engineering Inc Class A | View profile | 3,200 | 1820 East Big Beaver Road, Troy, MI, United States, 48083 | www.altair.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.lgchem.com |
| Fluence Energy Inc | View profile | 1,112 | 4601 Fairfax Drive, Suite 600, Arlington, VA, United States, 22203 | www.fluenceenergy.com |
| Ecolab Inc | View profile | 48,000 | 1 Ecolab Place, Saint Paul, MN, United States, 55102 | www.ecolab.com |
| Samsung SDI Co Ltd GDR - 144A | View profile | 12,452 | 150-20 Gongsero-ro, Giheung-gu, Gyeonggi-do, Yongin, Korea, Republic of | www.samsungsdi.co.kr |
| Longfor Group Holdings Ltd | View profile | 29,116 | No. 8 Beiyuan Street, Building 6, Beijing Longfor Blue Engine Industrial Park, Beijing, China, People's Republic of, 100012 | www.longfor.com |
| Electrovaya Inc | View profile | 97 | 6688 Kitimat Road, Mississauga, ON, Canada, L5N 1P8 | www.electrovaya.com |
| Safety Insurance Group Inc | View profile | 539 | 20 Custom House Street, Boston, MA, United States, 02110 | - |
| Showa Paxxs Corp | View profile | 793 | 2-12 Ichigayahonmura-cho, Shinjuku-ku, Tokyo, Japan, 162-0845 | www.showa-paxxs.co.jp |
Mexico - North America Energy Storage Systems Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Energy Storage Systems Market Outlook will help companies and investors design strategic landscapes.
Pumped Hydro was the largest segment with a revenue share of 72.96% in 2022.
Horizon Databook has segmented the Mexico - North America energy storage systems market based on pumped hydro, advanced covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico government has set up ambitious goal to reduce carbon emissions by targeting to have 35% of power generation from clean energy sources by 2035 and to make it 50% by 2050. Further, initiatives have taken by government to increase energy conservation and energy efficiency practices. These factors will result to boost the growth of market the country in the forecast period.
Similarly, in September 2019 ON Energy Storage, a developer of battery energy storage systems, announced the successful installation of 30kW/60kWh system for a commercial site located in Tehuacan, Puebla in Mexico. These factors and developments are expected to increase the adoption of these systems in the country in the coming years.
- Mexico - North America Energy Storage Systems Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Pumped Hydro
- Advanced
Reasons to subscribe to Energy Storage Systems Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Energy Storage Systems Market Outlook databook
- Our clientele includes a mix of Energy Storage Systems Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - North America Energy Storage Systems Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Energy Storage Systems Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - North America Energy Storage Systems Market, 2018-2030 (US$M)
Mexico energy storage systems market statistics, by technology, 2018-2030 (US$M)
