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The solar energy market share in Argentina is expected to increase by 53.73 terawatt-hour units from 2021 to 2026, at a CAGR of 70.64%.
This solar energy market in Argentina research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the solar energy market in Argentina segmentation by end-user (utility and rooftop) and application (grid-connected and off-grid). The Argentina solar energy market segmentation report also offers information on several market vendors, including 360 Energy SA, ABB Ltd., Canadian Solar Inc., Cox Energy SAB de CV, Emesa, Enel Spa, Genneia SA, Huawei Investment and Holding Co. Ltd., Pampa Energia SA, and Trina Solar Co. Ltd. among others.
Download the Free Report Sample to Unlock the Solar Energy Market Size in Argentina for the Forecast Period and Other Important Statistics
The increasing demand for electricity is notably driving the solar energy market growth in Argentina, although factors such as intermittency in solar power generation may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the solar energy industry in Argentina. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Solar Energy Market Driver in Argentina
One of the key factors driving the solar energy market growth in Argentina is the increasing demand for electricity. Concerns about the large carbon footprint of traditional power plants are also projected to increase demand for solar PV to fulfill Argentina's expanding electricity demand. Because more than half of Argentina receives yearly average sunshine of more than 3.5 kWh/m2, solar PV is a technically viable alternative for meeting the increased power demand. Moreover, as part of the RenovAr Program, the country intends to add 10,000 megawatts of renewable energy to the grid by 2025. To achieve this goal, 58 prospective solar projects with a total capacity of 2,834 megawatts were submitted in the first renewable energy tender, propelling the solar PV sector even further. As a result, the country has a lot of solar PV projects in the planning and execution stages, which are expected to propel the growth of the market in focus during the forecast period.
Key Solar Energy Market Trend in Argentina
Another key factor driving the solar energy market growth in Argentina is the increasing investments in renewable energy. Argentina has some of the most abundant renewable energy resources in Latin America, including unobstructed and strong winds in southern Patagonia, year-long sunshine in the distant northwest, and hydropower and biomass supplied by rivers and its vast agricultural and livestock farms, respectively. Argentina's government had designated 2017 as the ?Year of Renewable Energy,? with the goal of diversifying the country's energy mix, reducing its reliance on imported fossil fuels, and lowering carbon emissions. Argentina's objective in the future years is to attract USD 35 billion in energy investments, with renewable energy accounting for almost half of that total. Thus, the systematic approach is expected to encourage private sector investments and innovation, which will support the market growth during the forecast period.
Key Solar Energy Market Challenge in Argentina
One of the key challenges to the solar energy market growth in Argentina is the intermittency in solar power generation. Solar PV output is not continuous and depends on several factors, such as the degree of shade, panel efficiency, and solar irradiation, which tends to vary over the duration of the day. Hence, it is not viable to have a power system that is completely reliant on solar power. Furthermore, if the solar panel is not at its peak production, a secondary power system such as a battery, wind power, a hybrid generator, or grid power is needed to provide power, which requires additional investment. Moreover, rainy and cloudy weather also adversely affects the generation of solar power. Though solar power technology is constantly evolving, the conversion rate cannot match that of fossil fuels, which is expected to challenge the growth of the solar energy market in Argentina during the forecast period.
This solar energy market in Argentina analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the solar energy market in Argentina as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the solar energy market in Argentina during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the Argentina solar energy market encompasses successful business strategies deployed by the key vendors. The solar energy market in Argentina is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The solar energy market in Argentina forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the solar energy market in Argentina, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global renewable electricity market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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The solar energy market share growth in Argentina by the utility segment will be significant during the forecast period. A utility-scale solar power plant provides the benefit of fixed electricity prices, especially when the prices of electricity generated from fossil fuels increase during periods of peak demand. The solar energy generated from these plants can also be stored in energy storage systems for use when there is no sunlight. These factors will drive the adoption of utility-scale solar power in the country.
This report provides an accurate prediction of the contribution of all the segments to the growth of the solar energy market size in Argentina and actionable market insights on post COVID-19 impact on each segment.
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Solar Energy Market Scope in Argentina |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 70.64% |
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Market growth 2022-2026 |
53.73 TWh units |
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Market structure |
Fragmented |
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YoY growth (%) |
82.21 |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
360 Energy SA, ABB Ltd., Canadian Solar Inc., Cox Energy SAB de CV, Emesa, Enel Spa, Genneia SA, Huawei Investment and Holding Co. Ltd., Pampa Energia SA, and Trina Solar Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 6
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent Market
*Exhibit 06: Parent market
*Exhibit 07: Market Characteristics
**2.2 Value chain analysis
*Exhibit 08: Value chain analysis : Renewable Electricity
*2.2.1 Inputs
*2.2.2 Electricity generation
*2.2.3 Electricity transmission
*2.2.4 Electricity distribution
*2.2.5 End-users
*2.2.6 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 11: Global - Market size and forecast 2021 - 2026 (TWh)
*Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5. Market Segmentation by Application
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 20: Application - Market share 2021-2026 (%)
**5.2 Comparison by Application
*Exhibit 21: Comparison by Application
**5.3 Grid-connected - Market size and forecast 2021-2026
*Exhibit 22: Grid-connected - Market size and forecast 2021-2026 (TWh)
*Exhibit 23: Grid-connected - Year-over-year growth 2021-2026 (%)
**5.4 Off-grid - Market size and forecast 2021-2026
*Exhibit 24: Off-grid - Market size and forecast 2021-2026 (TWh)
*Exhibit 25: Off-grid - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Application
*Exhibit 26: Market opportunity by Application
***6. Market Segmentation by End-user
**6.1 Market segments
*The segments covered in this chapter are:
*Exhibit 27: End-user - Market share 2021-2026 (%)
**6.2 Comparison by End-user
*Exhibit 28: Comparison by End-user
**6.3 Utility - Market size and forecast 2021-2026
*Exhibit 29: Utility - Market size and forecast 2021-2026 (TWh)
*Exhibit 30: Utility - Year-over-year growth 2021-2026 (%)
**6.4 Rooftop - Market size and forecast 2021-2026
*Exhibit 31: Rooftop - Market size and forecast 2021-2026 (TWh)
*Exhibit 32: Rooftop - Year-over-year growth 2021-2026 (%)
**6.5 Market opportunity by End-user
*Exhibit 33: Market opportunity by End-user
***7. Customer Landscape
**7.1 Overview
*Exhibit 34: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increasing demand for electricity
*8.1.2 Providing environmental balance
*8.1.3 Favorable government regulations
**8.2 Market challenges
*8.2.1 Intermittency in solar power generation
*8.2.2 Low conversion efficiency of solar PVs
*8.2.3 Inclination for energy from hydropower plants
*Exhibit 35: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Increasing investments in renewable energy
*8.3.2 Low cost
*8.3.3 Rising adoption of floating solar power plants
***9. Vendor Landscape
**9.1 Overview
*Exhibit 36: Vendor landscape
**9.2 Landscape disruption
*Exhibit 37: Landscape disruption
*Exhibit 38: Industry risks
**9.3 Competitive scenario
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 39: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 40: Market positioning of vendors
**10.3 360 Energy SA
*Exhibit 41: 360 Energy SA - Overview
*Exhibit 42: 360 Energy SA - Product and service
*Exhibit 43: 360 Energy SA - Key offerings
**10.4 ABB Ltd.
*Exhibit 44: ABB Ltd. - Overview
*Exhibit 45: ABB Ltd. - Business segments
*Exhibit 46: ABB Ltd. - Key offerings
*Exhibit 47: ABB Ltd. - Segment focus
**10.5 Canadian Solar Inc.
*Exhibit 48: Canadian Solar Inc. - Overview
*Exhibit 49: Canadian Solar Inc. - Business segments
*Exhibit 50: Canadian Solar Inc. - Key offerings
*Exhibit 51: Canadian Solar Inc. - Segment focus
**10.6 Cox Energy SAB de CV
*Exhibit 52: Cox Energy SAB de CV - Overview
*Exhibit 53: Cox Energy SAB de CV - Product and service
*Exhibit 54: Cox Energy SAB de CV - Key offerings
**10.7 Emesa
*Exhibit 55: Emesa - Overview
*Exhibit 56: Emesa - Product and service
*Exhibit 57: Emesa - Key offerings
**10.8 Enel Spa
*Exhibit 58: Enel Spa - Overview
*Exhibit 59: Enel Spa - Business segments
*Exhibit 60: Enel Spa - Key offerings
*Exhibit 61: Enel Spa - Segment focus
**10.9 Genneia SA
*Exhibit 62: Genneia SA - Overview
*Exhibit 63: Genneia SA - Product and service
*Exhibit 64: Genneia SA - Key offerings
**10.10 Huawei Investment and Holding Co. Ltd.
*Exhibit 65: Huawei Investment and Holding Co. Ltd. - Overview
*Exhibit 66: Huawei Investment and Holding Co. Ltd. - Business segments
*Exhibit 67: Huawei Investment and Holding Co. Ltd. - Key offerings
*Exhibit 68: Huawei Investment and Holding Co. Ltd. - Segment focus
**10.11 Pampa Energia SA
*Exhibit 69: Pampa Energia SA - Overview
*Exhibit 70: Pampa Energia SA - Business segments
*Exhibit 71: Pampa Energia SA - Key offerings
*Exhibit 72: Pampa Energia SA - Segment focus
**10.12 Trina Solar Co. Ltd.
*Exhibit 73: Trina Solar Co. Ltd. - Overview
*Exhibit 74: Trina Solar Co. Ltd. - Business segments
*Exhibit 75: Trina Solar Co. Ltd. - Key offerings
*Exhibit 76: Trina Solar Co. Ltd. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 Objective
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 77: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 78: Research Methodology
*Exhibit 79: Validation techniques employed for market sizing
*Exhibit 80: Information sources
**11.4 List of abbreviations
*Exhibit 81: List of abbreviations
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