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Acceleration of RE Deployment to Ensure Transformational Growth of the Power Sector and Strengthen the Business Case for Digitalization, Diversification of Business Models, and Green Hydrogen Projects
23-Mar-2022
Latin America
Market Outlook
K731-01-00-00-00
EG02222-LA-MO_26354
The Latin American power and energy market is going through a considerable transformation. Renewable energies (RE) are rapidly replacing hydropower and fossil fuels’ dominance in power generation expansion as energy regulations continue to evolve to support decarbonization and decentralization roadmaps, while securing energy access for a projected average electricity demand growth rate of 1.9% per year until 2030.
Despite the pandemic, 2021 was a great year for RE deployment in Latin America, and 2022 will witness the continuity of that momentum as governments and corporations continue pursuing their sustainability targets. Frost & Sullivan predicts that more than $29.66 billion will be invested in the power generation sector in the region in 2022, with RE sources accounting for 81% of that total. The growth in RE demands increased digitalization of grids and diversification of business models, and creates opportunities for green hydrogen projects.
Research Scope
This Frost & Sullivan research service covers the Latin America Power and Energy market from 2020 to 2030, with 2021 as the base year. The deliverable analyzes the main trends shaping the market in the current decade, including the growth in power demand, the shift toward cleaner energy, and the evolving commitment to decarbonization, the role of gas-fired generation, and the increasing interest in green hydrogen investment, among others. The report offers power generation investment and installation forecasts segmented by generation technology, as well as country-level analysis for Argentina, Brazil, Colombia, Mexico, and Peru. It also highlights future growth opportunities and the strategic imperatives market participants need to consider to capitalize on growth opportunities.
Author: Maria Benintende
Key Highlights of the Power & Energy Industry, 2021
Top Predictions for 2022
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives Latin America Power & Energy Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Scope
What is Included in the Power & Energy Outlook?
Key Power & Energy Industry Trends, Latin America
Key Power & Energy Industry Trends, Latin America (continued)
Trend 1—Mixed Fortunes for the Power Sector
Trend 2—Growing Significance of Carbon Neutral Pleas
Trend 3—Increasing Power Demand, a Strong Driver for Investment in Power Generation
Trend 4—RE at the Forefront of Capacity Additions
Trend 5—Green H2, a New Driver for Renewable Generation
Trend 6—Hydropower Modernization, Repowering, and Digitalization
Trend 7—Gas-fired Power Generation Continues to Expand
Trend 8—Latin America’s Transmission Grid Under Strain
Trend 9—Digital Investment in Distribution Grids
Trend 10—Smart Meter Deployment Gaining Traction
Trend 11—Latin American NOCs Diversify into Power
Trend 12—Battery Storage still Struggles to Make a Business Case
Annual Power Generation Investment Forecast
Installed Power Generation Capacity Forecast
Annual Power Generation Capacity Additions, GW
Annual Power Generation Investment by Country
Key Country Power Trends
Power Generation Investment Outlook
Power Generation Investment Outlook (continued)
Argentina Power & Energy Market
Brazil Power & Energy Market
Chile Power & Energy Market
Colombia Power & Energy Market
Mexico Power & Energy Market
Peru Power & Energy Market
Rest of LATAM Power & Energy Market
Growth Opportunity 1—Digitalization to Support the Emergence of the Power Retail Sector
Growth Opportunity 1—Digitalization to Support the Emergence of the Power Retail Sector (continued)
Growth Opportunity 2—Innovative Business Models to Propel Distributed Solar PV
Growth Opportunity 2—Innovative Business Models to Propel Distributed Solar PV (continued)
Growth Opportunity 3—RE Corporate PPAs and Low-carbon Services for Easier Energy Transition in the C&I Sector
Growth Opportunity 3—RE Corporate PPAs and Low-carbon Services for Easier Energy Transition in the C&I Sector (continued)
Abbreviations and Acronyms Used
Key Conclusions
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Power & Energy: RE¹ Generation Goals and Fulfillment, Latin America², 2021
- Power & Energy: Electricity Demand Forecast, Latin America, 2019–2030
- Power & Energy: Share of RE* in Total Capacity Expansion, Latin America, 2020 to 2030
- Power & Energy: Planned Transmission Infrastructure Investment in Key Latin American Countries, 2021–2030
- Investment in Digital Solutions for Grid Operation Optimization, Latin America, 2021, 2022, 2025, and 2030
- Power & Energy: Smart Meter Market Highlights, Latin America, 2021–2030
- Power & Energy: NOCs’ Current and Planned Investments in the Power Sector, Latin America, 2021
- Power & Energy: Annual Investment Forecast by Country and Fuel Type, Latin America, 2021, 2022, & 2030
- Power & Energy: Annual Installations by Country and Fuel Type, Latin America, 2022
- Power & Energy: Annual Capacity by Fuel Type, Latin America, 2020–2030
- Power & Energy: Investment by Country, Latin America, 2020–2030
- Power & Energy: Power Trends by Country, Latin America, 2021–2030
- Power & Energy: Investment Outlook by Technology, Latin America, 2022–2030
- Power & Energy: Power Generation Investment, Argentina, 2021, 2022, 2025, 2030
- Power & Energy: Power Generation Investment, Brazil, 2021, 2022, 2025, 2030
- Power & Energy: Power Generation Investment, Chile, 2021, 2022, 2025, 2030
- Power & Energy: Power Generation Investment, Colombia, 2021, 2022, 2025, 2030
- Power & Energy: Power Generation Investment, Mexico, 2021, 2022, 2025, 2030
- Power & Energy: Power Generation Investment, Peru, 2021, 2022, 2025, 2030
- Power & Energy: Power Generation Investment, Rest of LATAM, 2021, 2022, 2025, & 2030
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Research Scope
This Frost & Sullivan research service covers the Latin America Power and Energy market from 2020 to 2030, with 2021 as the base year. The deliverable analyzes the main trends shaping the market in the current decade, including the growth in power demand, the shift toward cleaner energy, and the evolving commitment to decarbonization, the role of gas-fired generation, and the increasing interest in green hydrogen investment, among others. The report offers power generation investment and installation forecasts segmented by generation technology, as well as country-level analysis for Argentina, Brazil, Colombia, Mexico, and Peru. It also highlights future growth opportunities and the strategic imperatives market participants need to consider to capitalize on growth opportunities.
Author: Maria Benintende
| Deliverable Type | Market Outlook |
|---|---|
| Author | Maria Benintende |
| GPS Codes | 9AFE-A4,9AFF-A4,9B00-A4,9851,9852,GETE |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Renewable energies (RE) |
| Keyword 2 | Power and Energy Outlook |
| Keyword 3 | Latin America power and energy market |
| List of Charts and Figures | Power & Energy: RE¹ Generation Goals and Fulfillment, Latin America², 2021~ Power & Energy: Electricity Demand Forecast, Latin America, 2019–2030~ Power & Energy: Share of RE* in Total Capacity Expansion, Latin America, 2020 to 2030~ Power & Energy: Planned Transmission Infrastructure Investment in Key Latin American Countries, 2021–2030~ Investment in Digital Solutions for Grid Operation Optimization, Latin America, 2021, 2022, 2025, and 2030~ Power & Energy: Smart Meter Market Highlights, Latin America, 2021–2030~ Power & Energy: NOCs’ Current and Planned Investments in the Power Sector, Latin America, 2021~ Power & Energy: Annual Investment Forecast by Country and Fuel Type, Latin America, 2021, 2022, & 2030~ Power & Energy: Annual Installations by Country and Fuel Type, Latin America, 2022~ Power & Energy: Annual Capacity by Fuel Type, Latin America, 2020–2030~ Power & Energy: Investment by Country, Latin America, 2020–2030~ Power & Energy: Power Trends by Country, Latin America, 2021–2030~ Power & Energy: Investment Outlook by Technology, Latin America, 2022–2030~ Power & Energy: Power Generation Investment, Argentina, 2021, 2022, 2025, 2030~ Power & Energy: Power Generation Investment, Brazil, 2021, 2022, 2025, 2030~ Power & Energy: Power Generation Investment, Chile, 2021, 2022, 2025, 2030~ Power & Energy: Power Generation Investment, Colombia, 2021, 2022, 2025, 2030~ Power & Energy: Power Generation Investment, Mexico, 2021, 2022, 2025, 2030~ Power & Energy: Power Generation Investment, Peru, 2021, 2022, 2025, 2030~ Power & Energy: Power Generation Investment, Rest of LATAM, 2021, 2022, 2025, & 2030~ |
| Podcast | No |
| WIP Number | K731-01-00-00-00 |