Mexico Wind Power Market Size, Share, Trends, and Forecast by Location and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30035

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Mexico Wind Power Market Overview:

The Mexico wind power market size reached 7.50 Gigawatt in 2024. Looking forward, IMARC Group expects the market to reach 8.50 Gigawatt by 2033, exhibiting a growth rate (CAGR) of 1.30% during 2025-2033. The market is driven by the imposition of supportive government policies, rapid technological advancements, growing focus on investment opportunities, rising demand for energy, and heightened awareness of wind power’s environmental and social benefits.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	7.50 Gigawatt
Market Forecast in 2033	8.50 Gigawatt
Market Growth Rate 2025-2033	1.30%

Mexico Wind Power Market Trends:

Imposition of Government Policies and Incentives:

The Federal Government of Mexico exhibits a critical role in bolstering the wind power industry via a varied range of incentives as well as policies. For instance, the Energy Transition Law (ETL) and the National Energy Strategy set ambitious targets for clean energy. The ETL mandates that 35% of Mexico’s energy should be extracted from clean sources by the year 2024 and 50% by 2050, with a significant portion anticipated to be generated from wind power. This policy framework offers prolonged certainty for both developers and investors, incentivizing the expansion of wind energy ventures. In addition to this, the government provides several beneficial financial incentives to endorse the advancement of wind energy. These encompass lowered import duties for components requisite for wind turbine, tax credits, and subsidies for research and development projects pertaining to wind technology. Furthermore, the government has deployed a Renewable Energy Certificates (REC) system, which enables several firms to trade certificates validating their utilization of renewable energy. Such system generates an additional revenue stream for wind power generators and significantly improves the financial appeal of wind initiatives.

Mexico Wind Power Market Size

Growing Investment and Financing Opportunities:

The wind power market in Mexico is majorly bolstered by significant investment and financing opportunities. For instance, as per industry reports, the Mexican government announced plans to significantly fuel its wind power capacity by the year 2025, with heavy investment if USD 46 Billion. In parallel, as of 2024, the wind capacity of the nation is 3283 megawatts. Moreover, the imposition of favorable regulations that encourage domestic and international participants to invest in the renewable energy sector is boosting the market growth. In line with this, multilateral development banks, private equity firms, and venture capitalists are actively investing in wind projects, providing essential capital for development and expansion. Mexico’s financial sector has also developed advanced financing mechanisms, involving investment funds for renewable energy as well as green bonds, to support wind power projects. These financial instruments offer investors opportunities to participate in the growth of the renewable energy sector while promoting sustainable development.

Mexico Wind Power Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on location.

Location Insights:

Onshore
Offshore

The report has provided a detailed breakup and analysis of the market based on the location. This includes onshore and offshore.

Regional Insights:

Northern Mexico
Central Mexico
Southern Mexico
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Mexico Wind Power Market News:

In March 2024, Sempra Infrastructure offered a 319 MW capacity of order for the Cimarron wind farm in Mexico. This installation will be Energia Sierra Juarez Wind Complex’s third phase, which is planned to have a total of 582 MW installed capacity. It encompasses both installation and supply of 18 V162-6.2 and 46 V163-4.5 MW turbines.
In January 2024, GE Vernova announced that the company will employ 674 of its new wind turbines for the SunZia venture and Pattern Energy, its developer, near Corona, Mexico. It will be completed in the year 2026 and the venture will weigh 3,500 MW, positioning it as a largest wind farm across Western Hemisphere. The company claims that this will be able to provide enough power for some 3 million people.

Mexico Wind Power Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Gigawatt
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Location Region
Location Covered	Onshore, Offshore
Regions Covered	Northern Mexico, Central Mexico, Southern Mexico, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Mexico wind power market performed so far and how will it perform in the coming years?
What is the breakup of the Mexico wind power market on the basis of location?
What is the breakup of the Mexico wind power market on the basis of region?
What are the various stages in the value chain of the Mexico wind power market?
What are the key driving factors and challenges in the Mexico wind power?
What is the structure of the Mexico wind power market and who are the key players?
What is the degree of competition in the Mexico wind power market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Mexico wind power market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Mexico wind power market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Mexico wind power industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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Mexico Wind Power Market Report