The Mexico air conditioning and ventilation system market is experiencing significant growth due to various factors. The market size was estimated at USD 857.5 million in 2023 and is expected to continue expanding at a rate of 5.0% per year until 2030. This growth is primarily driven by the continuous expansion of the commercial sector, which includes retail spaces, office buildings, and hospitality establishments. Additionally, the increasing focus on sustainability and the favorable regulatory environment for green technologies are encouraging investments in eco-friendly air conditioning and ventilation systems.
The growing demand for comfortable and controlled environments in industries such as hospitality, IT, retail, and manufacturing is further contributing to the market's growth. The industrial sector in Mexico has been adopting air conditioning systems that not only provide efficient cooling but also comply with strict environmental regulations.