Latin America Solar Energy Systems Market Size & Outlook
Latin America solar energy systems market, 2019-2030 (US$B)
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Latin America solar energy systems market highlights
- The Latin America solar energy systems market generated a revenue of USD 4.1 billion in 2022.
- The market is expected to grow at a CAGR of 15.1% from 2023 to 2030.
- In terms of segment, solar panels was the largest revenue generating product in 2022.
- Solar Panels is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Colombia is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 4.1 billion |
| Market revenue in 2030 | USD 12.7 billion |
| Growth rate | 15.1% (CAGR from 2022 to 2030) |
| Largest segment | Solar panels |
| Fastest growing segment | Solar Panels |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Solar Panels, Charge Controllers, Battery, Inverter |
| Key market players worldwide | Huawei Technologies, Fimer, JinkoSolar Holding Co Ltd DR, LONGi Solar |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.2% of the global solar energy systems market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 20.2 billion by 2030.
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Solar Energy Systems Market Scope
Solar Energy Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America solar energy systems 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 solar energy systems market will help companies and investors design strategic landscapes.
Solar panels was the largest segment with a revenue share of 41.46% in 2022. Horizon Databook has segmented the Latin America solar energy systems market based on solar panels, charge controllers, battery, inverter covering the revenue growth of each sub-segment from 2019 to 2030.
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Target buyers of Latin America solar energy systems market databook
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Our clientele includes a mix of solar energy systems 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 solar energy systems market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America solar energy systems market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America solar energy systems market size, by country, 2019-2030 (US$B)
Latin America Solar Energy Systems Market Outlook Share, 2022 & 2030 (US$B)
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