Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
The Latin America renewable energy market attained a capacity of more than 300.8 gigawatts in 2023. The market is further expected to grow at a CAGR of 4.1% during the forecast period of 2024-2032 to reach a capacity of more than 431.9 gigawatts by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Renewable Energy Market Analysis
The Latin America renewable energy market is driven by the high investment in the small bioenergy capacities connected to the grid. The abundant availability of raw materials such as woods and bio-wastes in the region is enhancing the bioenergy in the region, bolstering the market growth of renewable energy in Latin America. The alternative power sources in the region are significantly affected by hydro and biomass, among other sources. Few countries such as Chile and Brazil are witnessing rising solar and wind investments. Hydro power is the key source of energy generation in most countries in Latin America, which is augmenting the market growth.
Latin America exhibits excellent potential for hydropower. In 2018, the total installed capacity of hydropower was 170.82 gigawatts. Although the effect of solar and wind power is less, it is expected to have strong growth in the public and private investment. In Brazil, hydroelectric power will remain a substantial contributor to the overall electricity production of Brazil, and it is expected to receive continued healthy investments. Wind power is expected to go through the largest relative growth, multiplying by more than ten times in the ten-year period. Electricity generation through biomass is majorly being driven by the sugarcane and pulp processing industries, further strengthening the Latin America renewable energy market growth. In Brazil, the solar potential is high, which is untapped yet due to a lack of government support.
Argentina is expected to achieve a 20% demand for national energy from renewable sources by 2026. The country is inviting the best energy companies in its auction 2 gigawatts of renewable power projects. The country is expected to develop policies and award contracts with the help of the RenovAr program to help provide widespread alternative power projects in solar, wind, and biomass. In 2017, the Argentina government announced it the ‘renewable energy year.’ The electricity consumption of the country is increasing due to the rising use of the residential and commercial sectors, catalysing the market in Argentina.
Latin America Renewable Energy Market Report Snapshots
Latin America Renewable Energy Market Size
Latin America Renewable Energy Market Growth
Latin America Renewable Energy Market Analysis
Latin America Renewable Energy Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2023, the market attained capacity of nearly 300.8 gigawatts in 2023.
The Latin America renewable energy market is projected to grow at a CAGR of 4.1% between 2024 and 2032.
The major drivers of the market include the increasing deployment of hydro energy, rising environmental consciousness, and increasing demand for electricity across the globe.
The rising investment in the small bioenergy capacities connected to the grid and the abundant availability of raw materials such as woods and bio-wastes are the key trends propelling the market growth.
The major countries in the Latin America market include Brazil, Argentina, and Mexico, among others.
The various types of renewable energy include hydropower, onshore wind, solar, and bio energy, among others.
The major players in the market are Ingenostrum S.L., Enel Green Power S.p.A, Gauss Energy, First Solar, Inc., and Atlas Renewable Energy, among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a capacity of around 431.9 gigawatts by 2032.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
- Our Insights Store:
-
Industry Statistics
-
Procurement Insights
-
Consumer Insights
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124