Americas Solar Power Market, Forecast to 2022

Americas Solar Power Market, Forecast to 2022

Solar PV Installed Capacity is Set to More than Double by 2022 Due to Stable Growth in the US and Emerging Markets in Latin America

RELEASE DATE
14-Feb-2019
REGION
North America
Research Code: K304-01-00-00-00
SKU: EG01959-NA-MR_22866

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Description

This research presents an in-depth analysis of select solar power markets across the Americas countries of Argentina, Brazil, Canada, Chile, Colombia, Mexico, and the United States. Market size metrics and forecasts to 2022 are presented for total installed capacity, annual capacity additions, and annual investment for two types of projects: -utility-scale and distributed generation (DG). The study also analyses the regulatory environment and key players in each country, and identifies technologies trends, drivers, and restraints affecting the regional solar market.

The studied countries are at different stages of development, but are all driven by the same factors of increasing solar technology price competitiveness, energy matrix decarbonization, and diversification goals.

Except for Chile, Latin American countries have lagged behind North American markets but are now experiencing considerable expansion due to favorable regulations that include auction systems and net metering policies. Utility-scale projects are the key drivers of installation growth. However, DG is expected to start/continue to expand steadily in Latin America, representing significant market opportunities, especially in Brazil and Mexico. Chile started solar farm deployment in 2012 and since then, has witnessed massive installations, with solar becoming the preferred RE technology and already accounting for 8% of the total electricity generation capacity.

The United States solar market is strong and quite autonomous and is forecast to continue expanding at 8 GW-10 GW per year, driven by the decline in system costs despite the negative effects of import duties. The outlook for Canada is not that optimistic. Even though Canada has been one of the pioneers in terms of solar development, it has favored natural gas and wind power as the main sources to meet its greenhouse gas emissions reduction goals. For further expansion, it is crucial that solar power generation thrives in Canadian provinces other than just Ontario.

Total installed capacity in select countries in the region will expand at a compound annual growth rate (CAGR) of 19.2%, adding 82.2 GW in new capacity between 2018 and 2022, with $141.2 billion in investment.

Why Partner with Frost & Sullivan?
• Frost & Sullivan has a robust and proven research methodology that delivers high-quality findings. It has established relationships with leading participants in the renewable energy market value chain, which has helped it conduct primary research for the purpose of its research services.
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Key Issues Addressed

  • Is the Americas solar power market growing; how long will it continue to grow for, and at what rate?
  • What is the regulatory environment in key markets and what mechanisms are in place to support solar PV? What is the current size of the solar PV market in select countries and what are the growth trends?
  • What are the drivers of and challenges to forecast capacity additions?
  • What type of PV systems present the greatest market opportunities in each country, and are existing competitors structured correctly to make the most of them?
  • Who are the key players across the Americas solar PV market?

Author: Maria Benintende

Table of Contents

Key Findings

Market Engineering Measurements

Solar Power Market Forecast to 2022

Solar Power Market Forecast to 2022—Explained

CEO’s Perspective

Associated Multimedia and Related Research

Market Scope

Market Definitions

Market Definitions (continued)

Information Sources

Key Questions this Study will Answer

Market Structure

Americas Solar Ecosystem

Distribution Channels

Business Models

Solar Power Market Evolution—Country-level Analysis

Investment Segmentation by Country

Residential PV Systems Overview

Technology Trends—Cells and Modules

Technology Trends—Cells and Modules (continued)

Technology Trends—Cells and Modules (continued)

Technology Trends—BOS

Market Drivers

Market Drivers Explained

Market Drivers Explained (continued)

Market Restraints

Market Restraints Explained

Market Engineering Measurements

Annual Installed Capacity Forecast

Installed Capacity Forecast

Market Share of Annual Installed Capacity

Annual Installed Capacity Forecast by Project Type

DG Annual Installed Capacity Forecast by Country

Utility-scale Annual Installed Capacity Forecast by Country

Pricing Trends

Investment Forecast

Investment Forecast by Country

Combined Discussion of Capacity and Investment Forecast

Argentina—Regulatory Snapshot

Argentina—Distributed Generation

Argentina—Total Installed Capacity Forecast

Argentina—Annual Installed Capacity Forecast by Project Type

Argentina—Annual Installed Capacity Forecast Discussion

Argentina—Annual Installed Capacity Forecast Discussion (continued)

Argentina—Investment Forecast

Argentina—Investment Forecast Discussion

Argentina—Competitive Environment

Brazil—Regulatory Snapshot

Brazil—Distributed Generation

Brazil—Total Installed Capacity Forecast

Brazil—Annual Installed Capacity Forecast by Project Type

Brazil—Annual Installed Capacity Forecast Discussion

Brazil—Annual Installed Capacity Forecast Discussion (continued)

Brazil—Investment Forecast

Brazil—Investment Forecast Discussion

Brazil—Competitive Environment

Canada—Regulatory Snapshot

Canada—Distributed Generation

Canada—Total Installed Capacity Forecast

Canada—Annual Installed Capacity Forecast by Project Type

Canada—Annual Installed Capacity Forecast Discussion

Canada—Annual Installed Capacity Forecast Discussion (continued)

Canada—Investment Forecast

Canada—Investment Forecast Discussion

Canada—Competitive Environment

Chile—Regulatory Overview

Chile—Regulatory Overview (continued)

Chile—Distributed Generation

Chile—Distributed Generation (continued)

Chile—Total Installed Capacity Forecast

Chile—Annual Installed Capacity Forecast by Project Type

Chile—Annual Installed Capacity Forecast Discussion

Chile—Annual Installed Capacity Forecast Discussion (continued)

Chile—Investment Forecast

Chile—Investment Forecast Discussion

Chile—Competitive Environment

Colombia—Regulatory Snapshot

Colombia—Regulatory Snapshot (continued)

Colombia—Distributed Generation

Colombia—Total Installed Capacity Forecast

Colombia—Annual Installed Capacity Forecast by Project Type

Colombia—Annual Installed Capacity Forecast Discussion

Colombia—Annual Installed Capacity Forecast Discussion (continued)

Colombia—Investment Forecast

Colombia—Investment Forecast Discussion

Colombia—Competitive Environment

Mexico—Regulatory Snapshot

Mexico—Distributed Generation

Mexico—Total Installed Capacity Forecast

Mexico—Annual Installed Capacity Forecast by Project Type

Mexico—Annual Installed Capacity Forecast Discussion

Mexico—Investment Forecast

Mexico—Investment Forecast Discussion

Mexico—Competitive Environment

The United States—Regulatory Snapshot

The United States—Distributed Generation

The United States—Total Installed Capacity Forecast

The United States—Annual Installed Capacity Forecast by Project Type

The United States—Annual Installed Capacity Forecast Discussion

The United States—Investment Forecast

The United States—Investment Forecast Discussion

The United States—Competitive Environment

Growth Opportunity 1—Expand Offerings to Include Related Products and Services

Growth Opportunity 2—Focus on Distributed Generation

Growth Opportunity 3—Consolidate Presence in Latin American Countries

Strategic Imperatives for Success and Growth

The Last Word—3 Big Predictions

Legal Disclaimer

Acronyms

Acronyms (continued)

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
This research presents an in-depth analysis of select solar power markets across the Americas countries of Argentina, Brazil, Canada, Chile, Colombia, Mexico, and the United States. Market size metrics and forecasts to 2022 are presented for total installed capacity, annual capacity additions, and annual investment for two types of projects: -utility-scale and distributed generation (DG). The study also analyses the regulatory environment and key players in each country, and identifies technologies trends, drivers, and restraints affecting the regional solar market. The studied countries are at different stages of development, but are all driven by the same factors of increasing solar technology price competitiveness, energy matrix decarbonization, and diversification goals. Except for Chile, Latin American countries have lagged behind North American markets but are now experiencing considerable expansion due to favorable regulations that include auction systems and net metering policies. Utility-scale projects are the key drivers of installation growth. However, DG is expected to start/continue to expand steadily in Latin America, representing significant market opportunities, especially in Brazil and Mexico. Chile started solar farm deployment in 2012 and since then, has witnessed massive installations, with solar becoming the preferred RE technology and already accounting for 8% of the total electricity generation capacity. The United States solar market is strong and quite autonomous and is forecast to continue expanding at 8 GW-10 GW per year, driven by the decline in system costs despite the negative effects of import duties. The outlook for Canada is not that optimistic. Even though Canada has been one of the pioneers in terms of solar development, it has favored natural gas and wind power as the main sources to meet its greenhouse gas emissions reduction goals. For further expansion, it is crucial that solar power generation thrives in Canadian provinces
More Information
No Index No
Podcast No
Author Maria Benintende
Industries Energy
WIP Number K304-01-00-00-00
Is Prebook No
GPS Codes 9AFE-A4,9B00-A4,9851,GETE