Solar Power Market in Brazil 2024-2028

The solar power market in Brazil is forecasted to grow by USD 6.35 bn during 2023-2028, accelerating at a CAGR of 13.47% during the forecast period. The report on the solar power market in Brazil provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by favorable climatic conditions for solar power, rising electricity demand and high cost of grid expansion, and emergence of zero-energy buildings.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	12.87%
CAGR	13.47%
Incremental Value	$6.35bn

Technavio's solar power market in Brazil is segmented as below:

By Application

Grid-connected
Off-grid

By End-user

Utility
Rooftop

By Technology

Photovoltaic systems
Concentrated solar power systems

This study identifies the rising adoption of floating solar power plants as one of the prime reasons driving the solar power market in Brazil growth during the next few years. Also, advances in thin-film solar PV modules and growing application of concentrated solar power in buildings will lead to sizable demand in the market.

The report on the solar power market in Brazil covers the following areas:

Solar power market in Brazil sizing
Solar power market in Brazil forecast
Solar power market in Brazil industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar power market in Brazil vendors that include Canadian Solar Inc., Cox Energy S.A.B., Enel Spa, ENGIE SA, First Solar Inc., Flex Ltd., JinkoSolar Holding Co. Ltd., Scatec ASA, Solar Provider Group LLC, Solaris Photovoltaic Technology, Tata Power Co. Ltd., TotalEnergies SE, Trina Solar Co. Ltd., and Yingli Green Energy Holding Co. Ltd.. Also, the solar power market in Brazil analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR72182

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Application
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 12: Chart on Brazil - Market size and forecast 2023-2028 ($ billion)
Exhibit 13: Data Table on Brazil - Market size and forecast 2023-2028 ($ billion)
Exhibit 14: Chart on Brazil: Year-over-year growth 2023-2028 (%)
Exhibit 15: Data Table on Brazil: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Solar power market in Brazil 2018 - 2022
Exhibit 16: Historic Market Size - Data Table on solar power market in Brazil 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 17: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 18: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Technology Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Technology Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 23: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 24: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 25: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 27: Chart on Application - Market share 2023-2028 (%)
Exhibit 28: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 29: Chart on Comparison by Application
Exhibit 30: Data Table on Comparison by Application
6.3 Grid-connected - Market size and forecast 2023-2028
Exhibit 31: Chart on Grid-connected - Market size and forecast 2023-2028 ($ billion)
Exhibit 32: Data Table on Grid-connected - Market size and forecast 2023-2028 ($ billion)
Exhibit 33: Chart on Grid-connected - Year-over-year growth 2023-2028 (%)
Exhibit 34: Data Table on Grid-connected - Year-over-year growth 2023-2028 (%)
6.4 Off-grid - Market size and forecast 2023-2028
Exhibit 35: Chart on Off-grid - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Data Table on Off-grid - Market size and forecast 2023-2028 ($ billion)
Exhibit 37: Chart on Off-grid - Year-over-year growth 2023-2028 (%)
Exhibit 38: Data Table on Off-grid - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 39: Market opportunity by Application ($ billion)
Exhibit 40: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 41: Chart on End-user - Market share 2023-2028 (%)
Exhibit 42: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 43: Chart on Comparison by End-user
Exhibit 44: Data Table on Comparison by End-user
7.3 Utility - Market size and forecast 2023-2028
Exhibit 45: Chart on Utility - Market size and forecast 2023-2028 ($ billion)
Exhibit 46: Data Table on Utility - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Chart on Utility - Year-over-year growth 2023-2028 (%)
Exhibit 48: Data Table on Utility - Year-over-year growth 2023-2028 (%)
7.4 Rooftop - Market size and forecast 2023-2028
Exhibit 49: Chart on Rooftop - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Data Table on Rooftop - Market size and forecast 2023-2028 ($ billion)
Exhibit 51: Chart on Rooftop - Year-over-year growth 2023-2028 (%)
Exhibit 52: Data Table on Rooftop - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by End-user
Exhibit 53: Market opportunity by End-user ($ billion)
Exhibit 54: Data Table on Market opportunity by End-user ($ billion)

8 Market Segmentation by Technology

8.1 Market segments
Exhibit 55: Chart on Technology - Market share 2023-2028 (%)
Exhibit 56: Data Table on Technology - Market share 2023-2028 (%)
8.2 Comparison by Technology
Exhibit 57: Chart on Comparison by Technology
Exhibit 58: Data Table on Comparison by Technology
8.3 Photovoltaic systems - Market size and forecast 2023-2028
Exhibit 59: Chart on Photovoltaic systems - Market size and forecast 2023-2028 ($ billion)
Exhibit 60: Data Table on Photovoltaic systems - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Chart on Photovoltaic systems - Year-over-year growth 2023-2028 (%)
Exhibit 62: Data Table on Photovoltaic systems - Year-over-year growth 2023-2028 (%)
8.4 Concentrated solar power systems - Market size and forecast 2023-2028
Exhibit 63: Chart on Concentrated solar power systems - Market size and forecast 2023-2028 ($ billion)
Exhibit 64: Data Table on Concentrated solar power systems - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Chart on Concentrated solar power systems - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on Concentrated solar power systems - Year-over-year growth 2023-2028 (%)
8.5 Market opportunity by Technology
Exhibit 67: Market opportunity by Technology ($ billion)
Exhibit 68: Data Table on Market opportunity by Technology ($ billion)

9 Customer Landscape

9.1 Customer landscape overview
Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 70: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 71: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 72: Overview on factors of disruption
11.4 Industry risks
Exhibit 73: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 74: Vendors covered
12.2 Market positioning of vendors
Exhibit 75: Matrix on vendor position and classification
12.3 Canadian Solar Inc.
Exhibit 76: Canadian Solar Inc. - Overview
Exhibit 77: Canadian Solar Inc. - Business segments
Exhibit 78: Canadian Solar Inc. - Key news
Exhibit 79: Canadian Solar Inc. - Key offerings
Exhibit 80: Canadian Solar Inc. - Segment focus
12.4 Cox Energy S.A.B.
Exhibit 81: Cox Energy S.A.B. - Overview
Exhibit 82: Cox Energy S.A.B. - Product / Service
Exhibit 83: Cox Energy S.A.B. - Key offerings
12.5 Enel Spa
Exhibit 84: Enel Spa - Overview
Exhibit 85: Enel Spa - Product / Service
Exhibit 86: Enel Spa - Key offerings
12.6 ENGIE SA
Exhibit 87: ENGIE SA - Overview
Exhibit 88: ENGIE SA - Business segments
Exhibit 89: ENGIE SA - Key offerings
Exhibit 90: ENGIE SA - Segment focus
12.7 First Solar Inc.
Exhibit 91: First Solar Inc. - Overview
Exhibit 92: First Solar Inc. - Business segments
Exhibit 93: First Solar Inc. - Key offerings
Exhibit 94: First Solar Inc. - Segment focus
12.8 Flex Ltd.
Exhibit 95: Flex Ltd. - Overview
Exhibit 96: Flex Ltd. - Business segments
Exhibit 97: Flex Ltd. - Key news
Exhibit 98: Flex Ltd. - Key offerings
Exhibit 99: Flex Ltd. - Segment focus
12.9 JinkoSolar Holding Co. Ltd.
Exhibit 100: JinkoSolar Holding Co. Ltd. - Overview
Exhibit 101: JinkoSolar Holding Co. Ltd. - Product / Service
Exhibit 102: JinkoSolar Holding Co. Ltd. - Key offerings
12.10 Scatec ASA
Exhibit 103: Scatec ASA - Overview
Exhibit 104: Scatec ASA - Business segments
Exhibit 105: Scatec ASA - Key offerings
Exhibit 106: Scatec ASA - Segment focus
12.11 Solar Provider Group LLC
Exhibit 107: Solar Provider Group LLC - Overview
Exhibit 108: Solar Provider Group LLC - Product / Service
Exhibit 109: Solar Provider Group LLC - Key offerings
12.12 Solaris Photovoltaic Technology
Exhibit 110: Solaris Photovoltaic Technology - Overview
Exhibit 111: Solaris Photovoltaic Technology - Product / Service
Exhibit 112: Solaris Photovoltaic Technology - Key offerings
12.13 Tata Power Co. Ltd.
Exhibit 113: Tata Power Co. Ltd. - Overview
Exhibit 114: Tata Power Co. Ltd. - Business segments
Exhibit 115: Tata Power Co. Ltd. - Key offerings
Exhibit 116: Tata Power Co. Ltd. - Segment focus
12.14 TotalEnergies SE
Exhibit 117: TotalEnergies SE - Overview
Exhibit 118: TotalEnergies SE - Business segments
Exhibit 119: TotalEnergies SE - Key news
Exhibit 120: TotalEnergies SE - Key offerings
Exhibit 121: TotalEnergies SE - Segment focus
12.15 Trina Solar Co. Ltd.
Exhibit 122: Trina Solar Co. Ltd. - Overview
Exhibit 123: Trina Solar Co. Ltd. - Product / Service
Exhibit 124: Trina Solar Co. Ltd. - Key offerings
12.16 Yingli Green Energy Holding Co. Ltd.
Exhibit 125: Yingli Green Energy Holding Co. Ltd. - Overview
Exhibit 126: Yingli Green Energy Holding Co. Ltd. - Product / Service
Exhibit 127: Yingli Green Energy Holding Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 128: Inclusions checklist
Exhibit 129: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 130: Currency conversion rates for US$
13.4 Research methodology
Exhibit 131: Research methodology
Exhibit 132: Validation techniques employed for market sizing
Exhibit 133: Information sources
13.5 List of abbreviations
Exhibit 134: List of abbreviations