Mexico - North America Microgrid Market Size & Outlook
- Energy & Power
- Power Distribution
- Microgrid Market Outlook
- Power Distribution
Global Market
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Mexico microgrid market highlights
- The Mexico microgrid market generated a revenue of USD 3,994.5 million in 2025 and is expected to reach USD 19,006.7 million by 2033.
- The Mexico market is expected to grow at a CAGR of 22% from 2026 to 2033.
- In terms of segment, chp was the largest revenue generating power source in 2025.
- CHP is the most lucrative power source segment registering the fastest growth during the forecast period.
Microgrid market data book summary
| Market revenue in 2025 | USD 3,994.5 million |
| Market revenue in 2033 | USD 19,006.7 million |
| Growth rate | 22% (CAGR from 2026 to 2033) |
| Largest segment | Chp |
| Fastest growing segment | CHP |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CHP, Natural Gas, Solar PV, Diesel, Fuel Cell |
| Key market players worldwide | ABB Ltd, Siemens AG, GE Aerospace, Eaton Corp PLC, Exelon Corp, Honeywell International Inc, NRG Energy Inc, Spirit AeroSystems Holdings Inc Class A, Northland Power Inc, Viridien |
Other key industry trends
- In terms of revenue, Mexico accounted for 4.0% of the global microgrid market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. microgrid market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 19,006.7 million by 2033.
Microgrid market in Mexico is projected to grow at a significant rate over the forecast period owing to the flourishing construction industry in the country. The growth of this industry in Mexico can be attributed to the increasing population and ongoing urbanization in the country.
The rising demand for affordable housing units in the country is anticipated to fuel construction activities in Mexico. For instance, according to Mexican government, approximately 14,000 new homes were constructed in the country in 2022.
Mexico still faces a demand for more than 60,000 new homes. This is anticipated to increase residential construction activities in the country in the coming years, thereby fueling the demand for power. It is expected to increase the use of microgrids in Mexico during the forecast period.
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Microgrid Market Scope
Microgrid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ABB Ltd | View profile | 108,700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | www.abb.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Eaton Corp PLC | View profile | 94,000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | www.eaton.com |
| Spirit AeroSystems Holdings Inc Class A | View profile | 20,655 | 3801 South Oliver Street, Wichita, KS, United States, 67210 | www.spiritaero.com |
| NRG Energy Inc | View profile | 18,131 | 910 Louisiana Street, Houston, TX, United States, 77002 | www.nrg.com |
| Exelon Corp | View profile | 19,962 | 10 South Dearborn Street, 54th Floor, P.O. Box 805379, Chicago, IL, United States, 60680-5379 | www.exeloncorp.com |
| Northland Power Inc | View profile | 1,344 | 30 Street Clair Avenue West, 17th Floor, Toronto, ON, Canada, M4V 3A1 | www.northlandpower.com |
| Viridien | View profile | 3,515 | 27 avenue Carnot, Massy, France, 91300 | www.cgg.com |
Mexico - North America Microgrid 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 Microgrid Market Outlook will help companies and investors design strategic landscapes.
Chp was the largest segment with a revenue share of 44.73% in 2025.
Horizon Databook has segmented the Mexico - North America microgrid market based on chp, natural gas, solar pv, diesel, fuel cell covering the revenue growth of each sub-segment from 2021 to 2033.
Microgrid market in Mexico is projected to grow at a significant rate over the forecast period owing to the flourishing construction industry in the country. The growth of this industry in Mexico can be attributed to the increasing population and ongoing urbanization in the country.
The rising demand for affordable housing units in the country is anticipated to fuel construction activities in Mexico. For instance, according to Mexican government, approximately 14,000 new homes were constructed in the country in 2022.
Mexico still faces a demand for more than 60,000 new homes. This is anticipated to increase residential construction activities in the country in the coming years, thereby fueling the demand for power. It is expected to increase the use of microgrids in Mexico during the forecast period.
- Mexico - North America Microgrid Market Power Source Outlook (Revenue, USD Million , 2021-2033)
- CHP
- Natural Gas
- Solar PV
- Diesel
- Fuel Cell
- Others
- Mexico - North America Microgrid Market Product Outlook (Revenue, USD Million , 2021-2033)
- Remote
- Grid Connected
- Hybrid
- Mexico - North America Microgrid Market Application Outlook (Revenue, USD Million , 2021-2033)
- Government
- Education
- Commercial
- Utility
- Defense
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - North America Microgrid Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Microgrid Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Mexico - North America Microgrid Market, 2021-2033 (US$M)
Mexico Power Source - Microgrid Market Statistics, 2025 - 2033 (US$M)
