Colombia Rooftop Solar Pv Market Size & Outlook, 2020-2027

The rooftop solar pv market in Colombia is expected to reach a projected revenue of US$ 1.5 billion by 2027. A compound annual growth rate of 9.8% is expected of Colombia rooftop solar pv market from 2021 to 2027.
Revenue, 2020 (US$B)
$0.8
Forecast, 2027 (US$B)
$1.5
CAGR, 2021 - 2027
9.4%
Report Coverage
Colombia

Colombia rooftop solar pv market highlights

  • The Colombia rooftop solar pv market generated a revenue of USD 0.8 billion in 2020 and is expected to reach USD 1.5 billion by 2027.
  • The Colombia market is expected to grow at a CAGR of 9.8% from 2021 to 2027.
  • In terms of segment, thin film was the largest revenue generating technology in 2020.
  • Thin Film is the most lucrative technology segment registering the fastest growth during the forecast period.


Rooftop solar pv market data book summary

Market revenue in 2020USD 0.8 billion
Market revenue in 2027USD 1.5 billion
Growth rate9.8% (CAGR from 2020 to 2027)
Largest segmentThin film
Fastest growing segmentThin Film
Historical data2016 - 2019
Base year2020
Forecast period2021 - 2027
Quantitative unitsRevenue in USD billion
Market segmentationThin Film, Crystalline Silicon
Key market players worldwideJinkoSolar Holding Co Ltd DR, SunPower Corp, Emeren Group Ltd ADR, First Solar Inc, Canadian Solar Inc, Hanwha


Other key industry trends

  • In terms of revenue, Colombia accounted for 1.5% of the global rooftop solar pv market in 2020.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
  • In Latin America, Brazil rooftop solar pv market is projected to lead the regional market in terms of revenue in 2027.
  • Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2.2 billion by 2027.

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Rooftop Solar PV Market Companies

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Colombia rooftop solar pv market size, by technology, 2016-2027 (US$B)

Colombia Rooftop Solar PV Market Outlook Share, 2020 & 2027 (US$B)

Colombia rooftop solar pv market size, by technology, 2016-2027 (US$B)

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