Latin America Renewable Energy Market Size & Outlook
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Latin America renewable energy market highlights
- The Latin America renewable energy market generated a revenue of USD 137.2 billion in 2024.
- The market is expected to grow at a CAGR of 15.4% from 2025 to 2033.
- In terms of segment, wind was the largest revenue generating product in 2024.
- 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 2025 to 2033.
Latin America data book summary
| Market revenue in 2024 | USD 137.2 billion |
| Market revenue in 2033 | USD 460.1 billion |
| Growth rate | 15.4% (CAGR from 2025 to 2033) |
| Largest segment | Wind |
| Fastest growing segment | Solar |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hydropower, Wind, Solar, Bioenergy |
| Key market players worldwide | ABB 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 9.1% of the global renewable energy market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,122.3 billion by 2033.
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Renewable Energy Market Scope
Renewable Energy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Invenergy | View profile | 1001-5000 | Chicago, Illinois, United States, North America | https://invenergy.com |
| Innergex Renewable Energy Inc | View profile | 602 | 1225 Saint-Charles Street West, 10th Floor, Longueuil, QC, Canada, J4K 0B9 | https://www.innergex.com |
| Siemens Gamesa Renewable Energy | View profile | 10001+ | Zamudio, Pais Vasco, Spain, Europe | https://www.siemensgamesa.com/en-int |
| Tata Power Renewable Energy | View profile | 251-500 | Mumbai, Maharashtra, India, Asia | https://www.tatapowerrenewables.com |
| Suzlon Energy | View profile | 10001+ | Pune, Maharashtra, India, Asia | http://suzlon.com/ |
| Enel SpA | View profile | 60905 | Viale Regina Margherita, 137, Rome, Italy, 00198 | https://www.enel.com |
| Acciona SA | View profile | 57843 | Avenida de Europa 18, Parque Empresarial La Moraleja, Alcobendas, Madrid, Spain, 28108 | https://www.acciona.com |
| Haier Smart Home Co Ltd ADR | View profile | 112458 | Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, China, People's Republic of, 266101 | https://smart-home.haier.com/cn |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
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 38.99% in 2024. 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 2021 to 2033.
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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
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Our clientele includes a mix of renewable energy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America renewable energy market size, by country, 2021-2033 (US$B)
Latin America Renewable Energy Market Outlook Share, 2024 & 2033 (US$B)
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