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Electric Power Generation in Mexico - Market Research Report (2009-2024)

John Madigan John Madigan New York, United States Last Updated: June 2019 NAICS 22111MX

Revenue

$470.4bn

2019

$470.4bn

Past 5-Year Growth

Profit

$XX.Xbn

Employees

110k

Businesses

24

Wages

$XX.Xbn

Electric Power Generation in Mexico industry analysis

The Electric Power Generation industry in Mexico generates electric power via a wide variety of combustible and renewable fuels. Primarily, power generation in Mexico is dominated by oil and gas combustion plants, which account for over 50.0% of industry revenue in 2019, with all thermal sources accounting for over 75.0% of electricity generation. This industry is predominantly controlled by the Comisión Federal de Electricidad (Federal Electricity Commission, CFE), which is a requirement of the Mexican constitution. In 1992, this industry was opened to private involvement; however, the CFE still controls nearly 75.0% of net generation capacity today. Due to this industry's heavy regulation, private operators are required by law to sell their electricity output directly to the CFE, since private operators are disallowed from selling directly to users. In 2008, Mexico announced a range of reforms aimed at increasing renewable net generation capacity, which has increased solar and combined cycle generation as a share of total electricity output. Additionally, the Mexican government announced a sweeping round of new regulations in 2014 to move the sector away from public vertical integration and expand opportunities for private involvement in the industry. Overall, these reforms have had some interesting effects on industry performance over the five years to 2019.

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    Market size and recent performance (2009-2024)

    Industry revenue has declined at a CAGR of -1.0% over the past five years, to reach an estimated $470.4bn in 2019.

    Trends and Insights

    • Rising private market participation has increased operational efficiencies while reducing costs, which has actually marginally reduced industry revenue
    • Additional trends and insights available with purchase

    Biggest companies in the Electric Power Generation in Mexico

    Company
    2019
    Market Share (%)
    2019
    Revenue ($m)
    2019
    Profit ($m)
    2019
    Profit Margin (%)
    2019
    Comisión Federal de Electricidad
    Sempra Energy
    Acciona-Energia SA

    To view the market share and analysis for all 4 top companies in this industry, view purchase options.

    Products & Services Segmentation

    Industry revenue is measured across several distinct product and services lines, including Thermoelectric generation, Hydroelectric generation and Combined-cycle generation. Thermoelectric generation is the largest segment of the Electric Power Generation in Mexico.

    Trends and Insights

    • Combined-cycle power generation is the largest industry product segment, accounting for 50.2% of total net generation in 2019.

    • This figure has declined slightly as new energy initiatives to install renewable generation capacity have proliferated. Combined-cycle plants recycle excess heat from the combustion of fossil fuels to generate secondary steam power.
    • More insights available in the full report

    Table of Contents

    About this industry

    Industry definition

    The Electric Power Generation industry in Mexico generates electric power via a wide variety of combustible and renewable fuels. Primarily, power generation in Mexico is dominated by oil and gas combustion plants, which account for over 50.0% of industry revenue in 2019, with all thermal sources accounting for over 75.0% of electricity generation. This industry is predominantly controlled by the Comisión Federal de Electricidad (Federal Electricity Commission, CFE), which is a requirement of the Mexican constitution. In 1992, this industry was opened to private involvement; however, the CFE still controls nearly 75.0% of net generation capacity today. Due to this industry's heavy regulation, private operators are required by law to sell their electricity output directly to the CFE, since private operators are disallowed from selling directly to users. In 2008, Mexico announced a range of reforms aimed at increasing renewable net generation capacity, which has increased solar and combined cycle generation as a share of total electricity output. Additionally, the Mexican government announced a sweeping round of new regulations in 2014 to move the sector away from public vertical integration and expand opportunities for private involvement in the industry. Overall, these reforms have had some interesting effects on industry performance over the five years to 2019.

    What's included in this industry?

    Generating electric powerThermoelectric generationHydroelectric generationCombined-cycle generationSteam power generationCoal power generationNuclear power generationWind power generationSolar, geothermal and other

    Companies

    Comisión Federal de ElectricidadSempra EnergyAcciona-Energia SA

    Purchase this report to view all 4 major companies in this industry.

    Related Terms

    CFECREPEMEX

    Industry Code

    NAICS

    NAICS 22111MX - Electric Power Generation in Mexico

    Performance

    Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

    Analyst insights

    Value of utilities construction. The value of utilities construction encompasses broad demand for industry power generation plants. As the value of utilities construction rise...

    In this chapter (4)

    • Current Performance
    • Outlook
    • Volatility
    • Life Cycle

    Key metrics

    • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
    • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
    • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
    • Total Profit, Profit Margin, Profit per Business

    Charts

    • Revenue, including historical (2009-2018) and forecast (2019-2024)
    • Employees, including historical (2009-2018) and forecast (2019-2024)
    • Businesses, including historical (2009-2018) and forecast (2019-2024)
    • Profit, including historical (2009-2019)
    • Industry Volatility vs. Revenue Growth
    • Industry Life Cycle

    Detailed analysis

    • Trends in supply, demand and current events that are driving current industry performance
    • Expected trends, economic factors and ongoing events that drive the industry's outlook
    • Key success factors for businesses to overcome volatility
    • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

    Products and Markets

    Learn about an industry's products and services, markets and trends in international trade.

    Analyst insight

    • Combined-cycle power generation is the largest industry product segment, accounting for 50.2% of total net generation in 2019. This figure has declined slightly as new ...

    In this chapter

    • Products & Services
    • Major Markets

    Key metrics

    • Largest market segment and value in 2019
    • Product innovation level

    Charts

    • Products & services segmentation in 2019
    • Major market segmentation in 2019

    Detailed analysis

    • Trends impacting the recent performance of the industry's various segments
    • Innovations in the industry's product or service offering, specialization or delivery method
    • Key factors that successful businesses consider in their offerings
    • Buying segments and key trends influencing demand for industry products and services

    Geographic Breakdown

    Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

    Analyst insights

    The distribution of establishments for utilities industries typically follows the dispersal of the nation's population. However, in the Electric Power Generation industry in M...

    In this chapter (1)

    • Business Locations

    Charts

    • Share of revenue, establishment, wages and employment in each region
    • Share of population compared to establishments in each region in 2019

    Tables

    • Number and share of establishments in each region in 2019
    • Number and share of revenue each region accounts for in 2019
    • Number and share of wages each region accounts for in 2019
    • Number and share of employees in each region in 2019

    Detailed analysis

    • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
    • Key success factors for businesses to use location to their advantage

    Competitive Forces

    Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

    Analyst insights

    Ability to accommodate environmental requirements. With new environmental regulations, it is critical that power plants comply with new energy initiatives.

    In this chapter (4)

    • Concentration
    • Barriers to Entry
    • Substitutes
    • Buyer & Supplier Analysis

    Key metrics

    • Industry concentration level
    • Industry competition level and trend
    • Barriers to entry level and trend
    • Substitutes level and trend
    • Buyer power level and trend
    • Supplier power level and trend

    Charts

    • Market share concentration among the top 4 suppliers from 2014-2019
    • Supply chain including upstream supplying industries and downstream buying industries, flow chart

    Detailed analysis

    • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
    • Key success factors for businesses to manage the competitive environment of the industry.
    • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
    • Key success factors for potential entrants to overcome barriers to entry.
    • Competitive threats from potential substitutes for the industry’s own products and services.
    • Key success factors for how successful businesses can compete with substitutes.
    • Advantages that buyers have to keep favorable purchasing conditions.
    • Advantages that suppliers have to maintain favorable selling conditions.
    • Key success factors for how businesses can navigate buyer and supplier power.

    Companies

    Learn about the performance of the top companies in the industry.

    Analyst insights

    The Comisión Federal de Electricidad (Federal Electricity Commission, CFE) is by far the largest operator in Mexico, as it is a state-run public enterprise that controls nearl...

    In this chapter

    • Market Share Concentration
    • Companies
    • Company Spotlights

    Charts

    • Industry market share by company in 2015 through 2019
    • Major companies in the industry, including market share, revenue, profit and profit margin in 2019
    • Overview of Comisión Federal de Electricidad's performance by revenue, market share and profit margin from 2013 through 2019
    • Overview of Sempra Energy's performance by revenue, market share and profit margin from 2013 through 2019
    • Overview of Acciona-Energia SA's performance by revenue, market share and profit margin from 2013 through 2019
    • Overview of revenue, market share and profit margin trend for one additional company

    Detailed analysis

    • Description and key data for Comisión Federal de Electricidad, and factors influencing its performance in the industry
    • Description and key data for Sempra Energy, and factors influencing its performance in the industry
    • Description and key data for Acciona-Energia SA, and factors influencing its performance in the industry
    • Description, key data and performance trends for one additional company

    External Environment

    Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

    Analyst insights

    This Electric Power Generation industry in Mexico is heavily regulated. In fact, the industry did not permit private market entrants until 1992. Prior to 1992, the Federal Ele...

    In this chapter

    • External Drivers
    • Regulation & Policy
    • Assistance

    Key metrics

    • Regulation & policy level and trend
    • Assistance level and trend

    Charts

      Detailed analysis

      • Demographic and macroeconomic factors influencing the industry
      • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
      • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

      Key Statistics

      Industry Data

      Data Tables

      Including values and annual change:

      • Revenue (2009-2024)
      • IVA (2009-2024)
      • Establishments (2009-2024)
      • Enterprises (2009-2024)
      • Employment (2009-2024)
      • Exports (2009-2024)
      • Imports (2009-2024)
      • Wages (2009-2024)

      Top Questions Answered

      Unlock comprehensive answers and precise data upon purchase. View purchase options.

      What is the estimated market size of the Electric Power Generation industry in Mexico in 2019?

      The market size of the Electric Power Generation industry in Mexico is $470.4bn in 2019.

      How many businesses are there in the Electric Power Generation in Mexico industry in 2019?

      There are 24 businesses in the Electric Power Generation industry in Mexico, which has declined at a CAGR of 0.9% between 2014 and 2019.

      Has the Electric Power Generation industry in Mexico grown or declined over the past 5 years?

      The market size of the Electric Power Generation industry in Mexico has been at a CAGR of -1.0% between 2014 and 2019.

      What is the forecast growth of the Electric Power Generation industry in Mexico over the next 5 years?

      The Electric Power Generation in Mexico market is forecast to over the five years from 2019 to 2024

      What are the biggest companies in the Electric Power Generation market in Mexico?

      The biggest companies operating in the Electric Power Generation market in Mexico are Comisión Federal de Electricidad, Sempra Energy and Acciona-Energia SA

      What does the Electric Power Generation in Mexico include?

      Generating electric power and Thermoelectric generation are part of the Electric Power Generation industry.

      Which companies have the highest market share in the Electric Power Generation in Mexico?

      The company holding the most market share in Mexico is Comisión Federal de Electricidad.

      How many people are/were employed in the Electric Power Generation in Mexico in 2019?

      There are 110k employed in the Electric Power Generation industry in Mexico 2019.

      Widen your competitive advantage with related industries

      Related Domestic Industries

      • This industry extracts hydrocarbons such as natural gas and crude oil. This industry is heavily regulated and is a key supplier of inputs to the Electric Power Generation industry in Mexico.

      View all industries in Mexico

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      IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

      What data sources do IBISWorld analysts use?

      Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

      Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

      These sources include:

      • Industry and trade associations
      • Industry federations or regulators
      • Major industry players annual or quarterly filings

      Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

      How does IBISWorld forecast its data?

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