Solar Power Market In Brazil 2024-2028
The solar power market in Brazil is forecasted to grow by USD 6.35 bn during 2023-2028, accelerating at a CAGR of 13.47% during the forecast period. The report on the solar power market in Brazil provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by favorable climatic conditions for solar power, rising electricity demand and high cost of grid expansion, and emergence of zero-energy buildings.
Technavio's solar power market in Brazil is segmented as below:
By Application
By End-user
By Technology
- Photovoltaic systems
- Concentrated solar power systems
This study identifies the rising adoption of floating solar power plants as one of the prime reasons driving the solar power market in Brazil growth during the next few years. Also, advances in thin-film solar PV modules and growing application of concentrated solar power in buildings will lead to sizable demand in the market.
The report on the solar power market in Brazil covers the following areas:
- Solar power market in Brazil sizing
- Solar power market in Brazil forecast
- Solar power market in Brazil industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar power market in Brazil vendors that include Canadian Solar Inc., Cox Energy S.A.B., Enel Spa, ENGIE SA, First Solar Inc., Flex Ltd., JinkoSolar Holding Co. Ltd., Scatec ASA, Solar Provider Group LLC, Solaris Photovoltaic Technology, Tata Power Co. Ltd., TotalEnergies SE, Trina Solar Co. Ltd., and Yingli Green Energy Holding Co. Ltd.. Also, the solar power market in Brazil analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.