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
14-Feb-2019
North America
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.
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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
No Index | No |
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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 |