Latin America Renewable Energy Market Size & Outlook

The renewable energy market in Latin America is expected to reach a projected revenue of US$ 336.3 billion by 2030. A compound annual growth rate of 17% is expected of Latin America renewable energy market from 2023 to 2030.

Revenue, 2022 (US$B)
$95.8
Forecast, 2030 (US$B)
$336.3
CAGR, 2023 - 2030
17%
Report Coverage
Latin America

Latin America renewable energy market highlights

  • The Latin America renewable energy market generated a revenue of USD 95.8 billion in 2022.
  • The market is expected to grow at a CAGR of 17% from 2023 to 2030.
  • In terms of segment, wind was the largest revenue generating product in 2022.
  • Solar is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.

Latin America data book summary

Market revenue in 2022USD 95.8 billion
Market revenue in 2030USD 336.3 billion
Growth rate17% (CAGR from 2022 to 2030)
Largest segmentWind
Fastest growing segmentSolar
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD billion
Market segmentationHydropower, Wind, Solar, Bioenergy
Key market players worldwideABB Ltd, Acciona SA, Enel SpA, Haier Smart Home Co Ltd ADR, Innergex Renewable Energy Inc, Invenergy, Schneider Electric SE, Siemens Gamesa Renewable Energy, Suzlon Energy, Tata Power Renewable Energy

Other key industry trends

  • In terms of revenue, Latin America region accounted for 9.0% of the global renewable energy market in 2022.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,543.3 billion by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Renewable Energy Market Companies

Name Profile # Employees HQ Website

Latin America renewable energy 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 renewable energy market will help companies and investors design strategic landscapes.


Wind was the largest segment with a revenue share of 37.37% in 2022. Horizon Databook has segmented the Latin America renewable energy market based on hydropower, wind, solar, bioenergy covering the revenue growth of each sub-segment from 2018 to 2030.


  • Latin America Renewable Energy Product Outlook (Revenue, USD Billion, 2018-2030)
    • Hydropower
    • Wind
    • Solar
    • Bioenergy
    • Others
  • Latin America Renewable Energy Application Outlook (Revenue, USD Billion, 2018-2030)
    • Industrial
    • Commercial
    • Residential

Reasons to subscribe to Latin America renewable energy market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Latin America renewable energy market databook

  • Our clientele includes a mix of renewable energy market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America renewable energy market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America renewable energy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Latin America renewable energy market size, by country, 2018-2030 (US$B)

Latin America Renewable Energy Market Outlook Share, 2022 & 2030 (US$B)

Latin America renewable energy market size, by country, 2018-2030 (US$B)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more