Solar Energy Market in Mexico Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Solar Companies in Mexico and the market is Segmented by Deployment (Residential, Commercial, and Utility-scale) and Technology (Photovoltaic and CSP).

Solar Energy Market in Mexico Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Mexico Solar Energy Market Size

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Mexico Solar Energy Market  - Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 8.00 %
Market Concentration Low

Major Players

Mexico Solar Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Mexico Solar Energy Market Analysis

The Mexico Solar Energy Market is expected to register a CAGR of greater than 8% during the forecast period.

  • Utility-scale solar energy projects have been growing in Mexico, which may dominate the market during the forecast period, owing to higher investment and government policies. Many ambitious solar energy projects are lined up during the forecast period, which may drive the solar market at the estimated growth rate.
  • In Mexico, the solar financing wave is being fueled in large part by the country's renewable energy goals, which are 35% by 2024 and 50% by 2050. The higher investment and government policies are expected to provide good opportunity to the Mexican solar energy market during the forecast period.
  • Increasing solar energy installations, owing to the projects announced in the LTAs during 2015-2018, increasing demand for decentralized solar energy systems, and the ambitious renewable energy targets are expected to drive the solar energy market in Mexico during the forecast period.

Mexico Solar Energy Industry Overview

The Mexican solar energy market is fragmented. The major companies include Sojitz Corporation, Enel Green Power SpA, Trina Solar Ltd, Martifer Solar SA, and Jinko Solar Corporation.

Mexico Solar Energy Market Leaders

  1. Sojitz Corporation

  2. Enel Green Power SpA

  3. Trina Solar Ltd

  4. Martifer Solar SA

  5. Jinko Solar Corporation

  6. *Disclaimer: Major Players sorted in no particular order
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Mexico Solar Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTEL Analysis

5. MARKET SEGMENTATION

  • 5.1 Deployment
    • 5.1.1 Residential
    • 5.1.2 Commercial
    • 5.1.3 Utility-scale
  • 5.2 Technology
    • 5.2.1 Photovoltaic
    • 5.2.2 CSP

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Solar Power Plant Developers
    • 6.3.1.1 Sojitz Corporation
    • 6.3.1.2 Alten Renewable Energy Developments BV
    • 6.3.1.3 Enel Green Power SpA
    • 6.3.1.4 Sun Power Corporation
    • 6.3.1.5 Jinko Solar Corporation
    • 6.3.1.6 Neoen SAS
    • 6.3.2 EPC Companies
    • 6.3.2.1 Trina Solar Ltd
    • 6.3.2.2 Martifer Solar SA
    • 6.3.2.3 Energia Aljaval SL
    • 6.3.3 Equipment Suppliers
    • 6.3.3.1 Suntech Power Holdings Co.
    • 6.3.3.2 Usol Energy LLC
    • 6.3.3.3 Soltec Energias Renovables SL
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Mexico Solar Energy Industry Segmentation

The scope of the Mexican solar energy market report includes:

Deployment Residential
Commercial
Utility-scale
Technology Photovoltaic
CSP
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Mexico Solar Energy Market Research FAQs

What is the current Mexico Solar Energy Market size?

The Mexico Solar Energy Market is projected to register a CAGR of greater than 8% during the forecast period (2025-2030)

Who are the key players in Mexico Solar Energy Market?

Sojitz Corporation, Enel Green Power SpA, Trina Solar Ltd, Martifer Solar SA and Jinko Solar Corporation are the major companies operating in the Mexico Solar Energy Market.

What years does this Mexico Solar Energy Market cover?

The report covers the Mexico Solar Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Mexico Solar Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Solar Energy in Mexico Industry Report

Statistics for the 2025 Mexico Solar Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Solar Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.