The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: Our optimistic outlook for Mexico's non-hydro renewables industry is underpinned by the
country's strong commitment to developing renewable energy sources, large project pipeline and sound
industry fundamentals. Growth will be driven primarily by the wind and solar sectors, with smaller
contributions coming from geothermal and biomass projects. We note that continuously declining electricity
prices in Mexico present a downside risk to our forecasts, as they may gradually erode renewables'
competitiveness relative to traditional thermal generation sources.
Latest Updates And Structural Trends
? This quarter, we have maintained our forecasts for Mexico's non-hydro renewables industry. Supported
by strong industry and country-specific fundamentals, we forecast non-hydro renewables capacity to
average 15.5% growth during 2016-2025, reaching a total of 18.6GW. By 2025, we believe non-hydro
renewables' share in the country's total generation capacity will reach 10.4%, up from 4.2%.
? We hold our view that wind power will be the technology of choice in Mexico's non-hydro renewables
industry. The wind sector is set to grow at the fastest pace (in absolute terms) over the coming decade,
accounting for more than 58% of total non-hydro renewables generation and nearly 72% of total capacity