Latin America Distributed Energy Generation Market Size & Outlook
Latin America distributed energy generation market, 2016-2027 (US$M)
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Latin America distributed energy generation market highlights
- The Latin America distributed energy generation market generated a revenue of USD 6,616.0 million in 2019.
- The market is expected to grow at a CAGR of 6.8% from 2020 to 2027.
- In terms of segment, fuel cells was the largest revenue generating technology in 2019.
- Solar Photovoltaic is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2020 to 2027.
Latin America data book summary
| Market revenue in 2019 | USD 6,616.0 million |
| Market revenue in 2027 | USD 11,191.5 million |
| Growth rate | 6.8% (CAGR from 2019 to 2027) |
| Largest segment | Fuel cells |
| Fastest growing segment | Solar Photovoltaic |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wind Turbine, Reciprocating Engines, Fuel Cells, Solar Photovoltaic, Gas & Steam Turbines |
| Key market players worldwide | Vestas Wind Systems A/S, Caterpillar Inc, Ballard Power Systems Inc, Rolls-Royce Holdings PLC, GE Aerospace, Siemens AG, Schneider Electric SE, Sharp Corp, First Solar Inc, Mitsubishi Electric Corp, Toyota Motor Corp, Doosan Heavy Industries & Construction, Suzlon Energy, Capstone Green Energy, ENERCON |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.7% of the global distributed energy generation market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 292,667.0 million by 2027.
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Distributed Energy Generation Market Scope
Distributed Energy Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America distributed energy generation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to distributed energy generation market will help companies and investors design strategic landscapes.
Fuel cells was the largest segment with a revenue share of 50.93% in 2019. Horizon Databook has segmented the Latin America distributed energy generation market based on wind turbine, reciprocating engines, fuel cells, solar photovoltaic, gas & steam turbines covering the revenue growth of each sub-segment from 2016 to 2027.
Central & South America distributed energy generation market is projected to grow at a steady rate over the forecast period. The growth can largely be attributed to regional markets of Argentina and Brazil.
Despite, the economic imbalance in Brazil, the distributed energy generation market observed positive trend. The investment in renewable energy is expected to rise as an increasing number of central & South American countries are setting renewable energy goals and are offering financial incentives for renewable power generation.
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Target buyers of Latin America distributed energy generation market databook
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Our clientele includes a mix of distributed energy generation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America distributed energy generation market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America distributed energy generation market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America distributed energy generation market size, by country, 2016-2027 (US$M)
Latin America Distributed Energy Generation Market Outlook Share, 2019 & 2027 (US$M)
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