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Latin America Power & Energy Outlook, 2022 Updated Research Available

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

INDUSTRY
Energy

RELEASE DATE
23-Mar-2022

REGION
Latin America

DELIVERABLE TYPE
Market Outlook

RESEARCH CODE
K731-01-00-00-00

SKU
EG02222-LA-MO_26354

Latin America Power & Energy Outlook, 2022
Published on: 23-Mar-2022 | SKU: EG02222-LA-MO_26354

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Description

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

Table of Contents

Executive Summary

Key Highlights of the Power & Energy Industry, 2021

Top Predictions for 2022

The Strategic Imperative

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™

Industry Scope

Research Scope

What is Included in the Power & Energy Outlook?

Key Trends

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

Power Generation Investment Metrics

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)

Country Predictions

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 Universe

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)

Appendix

Abbreviations and Acronyms Used

Key Conclusions

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

List of Figures & Charts

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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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.--BEGIN PROMO--