Latin America Rooftop Solar Pv Market Size & Outlook

The rooftop solar pv market in Latin America is expected to reach a projected revenue of US$ 9.8 billion by 2027. A compound annual growth rate of 8.9% is expected of Latin America rooftop solar pv market from 2021 to 2027.
Revenue, 2020 (US$B)
$5.4
Forecast, 2027 (US$B)
$9.8
CAGR, 2021 - 2027
8.9%
Report Coverage
Latin America

Latin America rooftop solar pv market highlights

  • The Latin America rooftop solar pv market generated a revenue of USD 5.4 billion in 2020.
  • The market is expected to grow at a CAGR of 8.9% 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.
  • Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2027.


Latin America data book summary

Market revenue in 2020USD 5.4 billion
Market revenue in 2027USD 9.8 billion
Growth rate8.9% (CAGR from 2020 to 2027)
Largest segmentThin film
Fastest growing segmentThin Film
Historical data covered2016 - 2019
Base year for estimation2020
Forecast period covered2021 - 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, Latin America region accounted for 10.7% of the global rooftop solar pv market in 2020.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
  • MEA is the fastest growing regional market and is projected to reach USD 12.4 billion by 2027.

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Rooftop Solar PV Market Companies

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Latin America rooftop solar pv market size, by country, 2016-2027 (US$B)

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

Latin America rooftop solar pv market size, by country, 2016-2027 (US$B)

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