Cleantech market in Mexico

Industry highlights

25.5 %

Environmental sector's contribution to Mexico's GDP USD $315 billion)


Mexico's ranking in the 2019 Fraser Institute's Investment Attractiveness Index


Mexico's ranking in the Global Cleantech Innovation Index


Mexico's ranking in the Sustainable Governance Indicators' Survey 2020

Mexico has a growing population of 126 million people, a thriving open economy which is among the largest in the world, numerous Free Trade Agreements covering over 42 countries and a strategic position connecting the U.S., Canada, South America, and Asia.

The size, complexity, and state of development of the Mexican market presents opportunities for technologies and state-of-the-art solutions to meet the pressing energy, environmental and urban growth challenges.

Mexico's cleantech market value reached approximately USD $14.05 billion in 2020 and had a compound annual growth rate (CAGR) of 1.99% for the period 2012-2020.

Key opportunities for Canadian cleantech companies in Mexico:

Notable challenges for Canadian cleantech companies in Mexico:

Mexico business landscape:

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Mexico is the country with the greatest economic potential in Latin America, and one of the top 5 developing countries worldwide. Regarding opportunities for cleantech products and services, the country has enormous potential in terms of resources which require high investments in infrastructure, renewable energies, energy efficiency, water treatment and of course sustainable mining projects.

There is a lag in the country in terms of innovation and development of new technologies. To a great extent, Mexico depends on foreign technologies; however, it has a wide infrastructure of highly specialized services in which the companies carrying technologies are supported, generating synergies throughout the country and along the complete value chain.

Mexico is a very attractive market for international companies looking to do business in the cleantech sector due to its:

Despite the burden of economic inequality, insecurity and corruption, Mexico has been one of the countries that has managed to implement one of the healthiest economies in the world. This is proof that the COVID-19 crisis has not impacted the domestic economy as in other countries, and its debt levels did not skyrocket as a result of the pandemic.

The richness of its resources, the population bonus, and its integration to the most powerful and dynamic economic regions in the world make it an economy of opportunity for companies that decide to face the challenges of entering this market.

For more information on Cleantech in the Mexico's market please contact

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