South & Central America Solar Energy Market Forecast to 2030

South & Central America Solar Energy Market Forecast to 2030

South & Central America Solar Energy Market Forecast to 2030 – Regional Analysis – by Technology (Photovoltaic Systems and Concentrated Solar Power Systems), Application (Electricity Generation, Heating, and Others), and End User (Residential, Commercial & Industrial, and Utility Scale)

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Description

The South & Central America solar energy market is expected to grow from US$ 8,395.61 million in 2022 to US$ 18,783.31 million by 2030. It is estimated to grow at a CAGR of 10.6% from 2022 to 2030.

Application of Solar Power in Aerospace, Space, and Defense Industries Fuels South & Central America Solar Energy Market

The growing technological development and government initiatives are boosting the application of solar energy in various end-use sectors such as aerospace and defense. One of the key applications of solar power in the aerospace and defense industries is solar-powered UAVs. Solar-driven UAVs are unarmed platforms that depend solely on energy powered by the SUN to properly perform their functions. Solar UAVs are utilized in roles such as communications and persistent ISR. Solar-powered UAVs help secure communication in remote areas among defense forces, improving broadband connection. In addition, spacecraft have solar panels that transform the Sun’s energy into electricity that provides power to the spacecraft. Also, solar energy has been utilized to power spacecraft on Mars, including NASA’s Mars Exploration Rovers—Spirit and Opportunity and Mars’ Phoenix lander. Thus, the rising application of solar power in the aerospace, space, and defense industries is likely to create lucrative opportunities for the solar energy market players to boost the adoption of solar energy-based systems in the coming years.

South & Central America Solar Energy Market Overview

In South & Central America, Brazil and Argentina are the major countries in terms of solar energy generation. Brazil dominates the solar energy market in the region, followed by Argentina. The mounting energy demand from the residential, industrial, and commercial sectors and the increasing application of renewable energy drives positively influence on the solar energy requirement in countries in South America. The rise in government initiatives to boost the application of renewable energy resources by offering tax credits and rebates is driving the market. Changing energy domain scenarios and growing consideration toward energy security will enhance the solar energy demand across the region in the coming years.

South & Central America Solar Energy Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Solar Energy Market Segmentation

The South & Central America solar energy market is segmented into technology, application, end user, and country .

Based on technology , the South & Central America solar energy market is segmented into photovoltaic systems and concentrated solar power systems. The photovoltaic systems segment held a larger share of the South & Central America solar energy market in 2022. The photovoltaic systems is further sub segmented into monocrystalline, polycrystalline, and others. The concentrated solar power systems is further sub segmented into linear concentrator, dish/engine, and power tower systems.

Based on application , the South & Central America solar energy market is segmented into electricity generation, heating, and others . The electricity generation segment held the largest share of the South & Central America solar energy market in 2022.

Based on end user, the South & Central America solar energy market is segmented into residential, commercial & industrial, and utility scale . The utility scale segment held the largest share of the South & Central America solar energy market in 2022.

Based on country, the South & Central America solar energy market is segmented int o Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America solar energy market in 2022.

Abengoa SA, Acciona SA, Canadian Solar Inc, and Trina Solar Co Ltd are some of the leading companies operating in the South & Central America solar energy market.

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At 10.6% CAGR, the South & Central America Solar Energy Market is speculated to be worth US$ 18,783.31 million by 2030, says The Research Team

According to The Research Team’ research, the South & Central America solar energy market was valued at US$ 8,395.61 million in 2022 and is expected to reach US$ 18,783.31 million by 2030, registering a CAGR of 10.6% from 2022 to 2030. Growing greenhouse gas emission and energy uncertainties and growing focus on deploying concentrated solar power technology are among the critical factors attributed to the South & Central America solar energy market expansion.

Concentrated solar power (CSP) technologies leverage mirrors to reflect and concentrate daylight onto receivers that accumulate light energy and transform it into thermal energy or heat. The deployment of CSP systems is increasing globally due to the growing need for energy in different sectors and government concerns about environmental pollution. Further, the rise in the development of the renewable energy sector and favorable government initiatives toward using a sustainable approach to reduce carbon emissions are fueling the investment in CSP plants. Thus, the growing focus on deploying concentrated solar power technology in various equipment is expected to fuel the solar energy market growth in the coming years.

On the contrary, irregular power supply and expensive storage facilities hamper the South & Central America solar energy market.

Based on technology, the South & Central America solar energy market is segmented into photovoltaic systems and concentrated solar power systems. The photovoltaic systems segment held 100.00% share of South & Central America solar energy market in 2022, amassing US$ 8,395.61 million. It is projected to garner US$ 18,783.31 million by 2030 to expand at 10.6% CAGR during 2022–2030. The photovoltaic systems is further sub segmented into monocrystalline, polycrystalline, and others. The concentrated solar power systems is further sub segmented into linear concentrator, dish/engine, and power tower systems.

Based on application, the South & Central America solar energy market is segmented into electricity generation, heating, and others. The electricity generation segment held 67.8% share of South & Central America solar energy market in 2022, amassing US$ 5,694.46 million. It is projected to garner US$ 13,095.44 million by 2030 to expand at 11.0% CAGR during 2022–2030.

Based on end user, the South & Central America solar energy market is segmented into residential, commercial & industrial, and utility scale. The utility scale segment held 66.1% share of South & Central America solar energy market in 2022, amassing US$ 5,550.90 million. It is projected to garner US$ 12,463.95 million by 2030 to expand at 10.6% CAGR during 2022–2030.

Based on country, the South & Central America solar energy market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 65.9% share of South & Central America solar energy market in 2022. It was assessed at US$ 5,529.15 million in 2022 and is likely to hit US$ 12,813.97 million by 2030, exhibiting a CAGR of 11.1% during 2022–2030.

Key players operating in the South & Central America solar energy market are Abengoa SA, Acciona SA, Canadian Solar Inc, and Trina Solar Co Ltd, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America Solar Energy Market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America Solar Energy Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Solar Energy Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
5. South & Central America Solar Energy Market – Key Industry Dynamics
5.1 South & Central America Solar Energy Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Concerns Regarding Greenhouse Gas Emission and Energy Uncertainties
5.2.2 Rising Government Initiatives for Solar Power
5.2.3 Growing Demand for Energy
5.2.4 Growing Photovoltaic Applications in Residential, Commercial, and Industrial Sectors
5.3 Market Restraints
5.3.1 Irregular Power Supply and Expensive Storage Facilities
5.3.2 High Initial Expenditure for Installation
5.4 Market Opportunities
5.4.1 Application of Solar Power in Aerospace, Space, and Defense Industries
5.5 Future Trends
5.5.1 Growing Focus on Deploying Concentrated Solar Power Technology
5.6 Impact of Drivers and Restraints:
6. Solar Energy Market – South & Central America Market Analysis
6.1 South & Central America Solar Energy Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America Solar Energy Market Forecast and Analysis
7. South & Central America Solar Energy Market Analysis – Technology
7.1 Photovoltaic Systems
7.1.1 Overview
7.1.2 Photovoltaic Systems: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
7.1.3 Monocrystalline
7.1.3.1 Overview
7.1.3.2 Monocrystalline: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
7.1.4 Polycrystalline
7.1.4.1 Overview
7.1.4.2 Polycrystalline: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
7.1.5 Others
7.1.5.1 Overview
7.1.5.2 Others: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Concentrated Solar Power Systems
7.2.1 Overview
7.2.2 Concentrated Solar Power Systems: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
7.2.3 Linear Concentrator
7.2.3.1 Overview
7.2.3.2 Linear Concentrator: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
7.2.4 Dish/Engine
7.2.4.1 Overview
7.2.4.2 Dish/Engine: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
7.2.5 Power Tower Systems
7.2.5.1 Overview
7.2.5.2 Power Tower Systems: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Solar Energy Market Analysis – Application
8.1 Electricity Generation
8.1.1 Overview
8.1.2 Electricity Generation: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Heating
8.2.1 Overview
8.2.2 Heating: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Others
8.3.1 Overview
8.3.2 Others: South & Central America Solar Energy Market Revenue, and Forecast to 2030 (US$ Million)
9. South & Central America Solar Energy Market Analysis – End User
9.1 Residential
9.1.1 Overview
9.1.2 Residential: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
9.2 Commercial & Industrial
9.2.1 Overview
9.2.2 Commercial & Industrial: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Utility Scale
9.3.1 Overview
9.3.2 Utility Scale: South & Central America Solar Energy Market, Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Solar Energy Market – Country Analysis
10.1.1 South & Central America Solar Energy Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 Brazil: South & Central America Solar Energy Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.1.1 Brazil: South & Central America Solar Energy Market Breakdown by Technology
10.1.1.1.1.1 Brazil: South & Central America Solar Energy Market Breakdown by Photovoltaic Systems
10.1.1.1.2 Brazil: South & Central America Solar Energy Market Breakdown by Application
10.1.1.1.3 Brazil: South & Central America Solar Energy Market Breakdown by End User
10.1.1.2 Argentina: South & Central America Solar Energy Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 Argentina: South & Central America Solar Energy Market Breakdown by Technology
10.1.1.2.1.1 Argentina: South & Central America Solar Energy Market Breakdown by Photovoltaic Systems
10.1.1.2.2 Argentina: South & Central America Solar Energy Market Breakdown by Application
10.1.1.2.3 Argentina: South & Central America Solar Energy Market Breakdown by End User
10.1.1.3 Rest of SAM: South & Central America Solar Energy Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 Rest of SAM: South & Central America Solar Energy Market Breakdown by Technology
10.1.1.3.1.1 Rest of SAM: South & Central America Solar Energy Market Breakdown by Photovoltaic Systems
10.1.1.3.2 Rest of SAM: South & Central America Solar Energy Market Breakdown by Application
10.1.1.3.3 Rest of SAM: South & Central America Solar Energy Market Breakdown by End User
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Acciona SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Abengoa SA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Trina Solar Co Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Canadian Solar Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About The Research Team
13.2 Word Index

LIST OF TABLES

Table 1. South & Central America Solar Energy Market Segmentation
Table 2. South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million) – Technology
Table 4. South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million) – Photovoltaic
Table 5. South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million) – Concentrated Solar Power
Table 6. South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 7. South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 8. South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 9. Brazil: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 10. Brazil: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By Photovoltaic Systems
Table 11. Brazil: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 12. Brazil: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 13. Argentina: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 14. Argentina: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By Photovoltaic Systems
Table 15. Argentina: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 16. Argentina: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 17. Rest of SAM: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 18. Rest of SAM: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By Photovoltaic Systems
Table 19. Rest of SAM: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 20. Rest of SAM: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 21. List of Abbreviation

LIST OF FIGURES

Figure 1. South & Central America Solar Energy Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: South & Central America Solar Energy Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. South & Central America Solar Energy Market Revenue (US$ Million), 2022 – 2030
Figure 6. South & Central America Solar Energy Market Share (%) – Technology, 2022 and 2030
Figure 7. Photovoltaic Systems: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Monocrystalline: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Polycrystalline: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Others: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Concentrated Solar Power Systems: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Linear Concentrator: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Dish/Engine: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Power Tower Systems: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. South & Central America Solar Energy Market Share (%) – Application, 2022 and 2030
Figure 16. Electricity Generation: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Heating: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Others: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. South & Central America Solar Energy Market Share (%) – End User, 2022 and 2030
Figure 20. Residential: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Commercial & Industrial: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Utility Scale: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. South Solar Energy Market, By Key Country – Revenue (2022) (US$ Million)
Figure 24. South & Central America Solar Energy Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 25. Brazil: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Argentina: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Rest of SAM: South & Central America Solar Energy Market Revenue and Forecasts To 2030 (US$ Mn)

The List of Companies – South & Central America Solar Energy Market

o Abengoa SA
o Acciona SA
o Canadian Solar Inc
o Trina Solar Co Ltd

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