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Report

Latin America Renewable Energy Market Report and Forecast 2023-2028

Market Report I 2023-10-24 I 178 Pages I EMR Inc.

Latin America Renewable Energy Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Latin America renewable energy market size is supported by the growth of the global renewable energy market, which reached an installation capacity of more than 2661.97 gigawatts in 2022. Aided by evolving technologies and surging renewable energy policy reforms, the market in the region is expected to further witness a steady growth between 2023 and 2028.
Renewable energy in Latin America, covering solar, wind, hydroelectric, and biomass, has witnessed a rapid surge, positioning the region as an emerging leader in green energy adoption. As these resources are in abundant supply and offer reduced greenhouse gas emissions, they are pivotal in promoting both environmental sustainability and energy security.
A significant factor influencing the Latin America renewable energy market growth is the continent's growing adoption of renewable resources. Countries like Brazil, Costa Rica, and Argentina possess vast hydroelectric potential, while the Atacama Desert in Chile provides optimum conditions for solar energy generation. Moreover, vast plains in several nations have facilitated extensive wind farm installations. With governments offering incentives and progressive policies, private investments in renewable energy projects have seen a substantial rise.
One of the growing Latin America renewable energy market trends is the rise of hybrid renewable energy projects. These combine multiple renewable energy sources, ensuring consistent energy supply and optimising the use of available resources. For instance, the blending of solar and wind power installations is gaining popularity as it provides a balanced energy output.
The Latin America renewable energy market analysis reveals the shift of industrial sector towards renewable energy sources. As industries strive to lower their carbon footprints and operational costs, renewable energies such as solar, wind, and hydroelectricity have become an essential component. Additionally, public utilities are incorporating higher proportions of renewable sources to cater to the cleaner energy preferences of consumers.
Simultaneously, technological innovations in renewable energy storage solutions are fuelling the Latin America renewable energy market demand. The introduction of more efficient battery storage systems, pumped hydro storage, and other advanced mechanisms are ensuring that energy generated from renewable sources can be effectively stored and utilised as needed. With an amalgamation of resource availability, technological advancements, governmental support, and heightened public awareness, renewable energy is expected to observe a rising demand in the coming years.
Market Segmentation
The market can be divided based on type and country.
Market Breakup by Type
- Hydropower
- Onshore Wind
- Solar
- Bio Energy
- Others
Market Breakup by Country
- Brazil
- Argentina
- Mexico
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Latin America renewable energy market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ingenostrum S.L.
- Enel Green Power S.p.A
- Gauss Energy
- First Solar, Inc.
- Atlas Renewable Energy
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


















1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Latin America
7 Opportunities and Challenges in the Market
8 Global Renewable Energy Market Analysis
8.1 Key Industry Highlights
8.2 Global Renewable Energy Historical Market (2018-2022)
8.3 Global Renewable Energy Market Forecast (2023-2028)
8.4 Global Renewable Energy Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Latin America Renewable Energy Market Analysis
9.1 Key Industry Highlights
9.2 Latin America Renewable Energy Historical Market (2018-2022)
9.3 Latin America Renewable Energy Market Forecast (2023-2028)
9.4 Latin America Renewable Energy Market by Type
9.4.1 Hydropower
9.4.1.1 Historical Trend (2018-2022)
9.4.1.2 Forecast Trend (2023-2028)
9.4.2 Onshore Wind
9.4.2.1 Historical Trend (2018-2022)
9.4.2.2 Forecast Trend (2023-2028)
9.4.3 Solar
9.4.3.1 Historical Trend (2018-2022)
9.4.3.2 Forecast Trend (2023-2028)
9.4.4 Bio Energy
9.4.4.1 Historical Trend (2018-2022)
9.4.4.2 Forecast Trend (2023-2028)
9.4.5 Others
9.5 Latin America Renewable Energy Market by Country
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Mexico
9.5.4 Others
10 Regional Analysis
10.1 Brazil
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Market Breakup by Type
10.1.4 Electricity Generation by Fuel Source
10.2 Argentina
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Market Breakup by Type
10.2.4 Electricity Generation by Fuel Source
10.3 Mexico
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Market Breakup by Type
10.3.4 Electricity Generation by Fuel Source
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyer's Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Ingenostrum S.L.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Enel Green Power S.p.A
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Gauss Energy
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 First Solar, Inc.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Atlas Renewable Energy
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market

List of Key Figures and Tables
1. Global Renewable Energy Market: Key Industry Highlights, 2018-2028
2. Global Renewable Energy Historical Market: Breakup by Type (Gigawatts), 2018-2022
3. Global Renewable Energy Historical Market: Breakup by Country, 2018-2022
4. Latin America Renewable Energy Market: Key Industry Highlights, 2018 and 2028
5. Latin America Renewable Energy Market Forecast: Breakup by Type (Gigawatts), 2023-2028
6. Latin America Renewable Energy Historical Market: Breakup by Country (Gigawatts), 2018-2022
7. Latin America Renewable Energy Market Forecast: Breakup by Country (Gigawatts), 2023-2028
8. Brazil Renewable Energy Market: Key Industry Highlights, 2018 and 2028
9. Brazil Renewable Energy Market Forecast: Breakup by Fuel Source (Gigawatts), 2023-2028 Mexico Renewable Energy Market: Key Industry Highlights, 2018 and 2028
10. Argentina Renewable Energy Market: Key Industry Highlights, 2018 and 2028
11. Argentina Renewable Energy Market Forecast: Breakup by Fuel Source (Gigawatts), 2023-2028
12. Mexico Renewable Energy Market: Key Industry Highlights, 2018 and 2028
13. Mexico Renewable Energy Market Forecast: Breakup by Fuel Source (Gigawatts), 2023-2028
14. Latin America Renewable Energy Market Structure

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