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Solar Power Market in Brazil 2025-2029

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    Report

  • 158 Pages
  • May 2025
  • Region: Brazil
  • TechNavio
  • ID: 5546073
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The solar power market in brazil is forecasted to grow by USD 7.29 billion during 2024-2029, accelerating at a CAGR of 13.7% 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.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The 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
A robust vendor analysis within the report 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 SAB de CV, Enel Spa, ENGIE SA, First Solar Inc., Flex Ltd., JinkoSolar Holding Co. Ltd., Scatec ASA, Sengi Solar, Solaris Photovoltaic Technology, Tata Power Co. Ltd., TotalEnergies SE, Trina Solar Co. Ltd., and Yingli Solar. 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 report 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 primary and secondary research. 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 accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Brazil - Market size and forecast 2024-2029 ($ million)
Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
Chart on Brazil: Year-over-year growth 2024-2029 (%)
Data Table on Brazil: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Solar Power Market in Brazil 2019 - 2023
Historic Market Size - Data Table on Solar Power Market in Brazil 2019 - 2023 ($ million)
5.2 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.3 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ million)
5.4 Technology segment analysis 2019 - 2023
Historic Market Size - Technology Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 Impact of AI in solar power market in Brazil
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
8.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
8.3 Grid-connected - Market size and forecast 2024-2029
Chart on Grid-connected - Market size and forecast 2024-2029 ($ million)
Data Table on Grid-connected - Market size and forecast 2024-2029 ($ million)
Chart on Grid-connected - Year-over-year growth 2024-2029 (%)
Data Table on Grid-connected - Year-over-year growth 2024-2029 (%)
8.4 Off-grid - Market size and forecast 2024-2029
Chart on Off-grid - Market size and forecast 2024-2029 ($ million)
Data Table on Off-grid - Market size and forecast 2024-2029 ($ million)
Chart on Off-grid - Year-over-year growth 2024-2029 (%)
Data Table on Off-grid - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by End-user
9.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
9.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
9.3 Utility - Market size and forecast 2024-2029
Chart on Utility - Market size and forecast 2024-2029 ($ million)
Data Table on Utility - Market size and forecast 2024-2029 ($ million)
Chart on Utility - Year-over-year growth 2024-2029 (%)
Data Table on Utility - Year-over-year growth 2024-2029 (%)
9.4 Rooftop - Market size and forecast 2024-2029
Chart on Rooftop - Market size and forecast 2024-2029 ($ million)
Data Table on Rooftop - Market size and forecast 2024-2029 ($ million)
Chart on Rooftop - Year-over-year growth 2024-2029 (%)
Data Table on Rooftop - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
10 Market Segmentation by Technology
10.1 Market segments
Chart on Technology - Market share 2024-2029 (%)
Data Table on Technology - Market share 2024-2029 (%)
10.2 Comparison by Technology
Chart on Comparison by Technology
Data Table on Comparison by Technology
10.3 Photovoltaic systems - Market size and forecast 2024-2029
Chart on Photovoltaic systems - Market size and forecast 2024-2029 ($ million)
Data Table on Photovoltaic systems - Market size and forecast 2024-2029 ($ million)
Chart on Photovoltaic systems - Year-over-year growth 2024-2029 (%)
Data Table on Photovoltaic systems - Year-over-year growth 2024-2029 (%)
10.4 Concentrated solar power systems - Market size and forecast 2024-2029
Chart on Concentrated solar power systems - Market size and forecast 2024-2029 ($ million)
Data Table on Concentrated solar power systems - Market size and forecast 2024-2029 ($ million)
Chart on Concentrated solar power systems - Year-over-year growth 2024-2029 (%)
Data Table on Concentrated solar power systems - Year-over-year growth 2024-2029 (%)
10.5 Market opportunity by Technology
Market opportunity by Technology ($ million)
Data Table on Market opportunity by Technology ($ million)
11 Customer Landscape
11.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Drivers, Challenges, and Opportunity/Restraints
12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints
13 Competitive Landscape
13.1 Overview
13.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
Overview on factors of disruption
13.4 Industry risks
Impact of key risks on business
14 Competitive Analysis
14.1 Companies profiled
Companies covered
14.2 Company ranking index
Company ranking index
14.3 Market positioning of companies
Matrix on companies position and classification
14.4 Canadian Solar Inc.
Canadian Solar Inc. - Overview
Canadian Solar Inc. - Business segments
Canadian Solar Inc. - Key news
Canadian Solar Inc. - Key offerings
Canadian Solar Inc. - Segment focus
SWOT
14.5 Cox Energy SAB de CV
Cox Energy SAB de CV - Overview
Cox Energy SAB de CV - Product / Service
Cox Energy SAB de CV - Key offerings
SWOT
14.6 Enel Spa
Enel Spa - Overview
Enel Spa - Product / Service
Enel Spa - Key news
Enel Spa - Key offerings
SWOT
14.7 ENGIE SA
ENGIE SA - Overview
ENGIE SA - Business segments
ENGIE SA - Key offerings
ENGIE SA - Segment focus
SWOT
14.8 First Solar Inc.
First Solar Inc. - Overview
First Solar Inc. - Business segments
First Solar Inc. - Key news
First Solar Inc. - Key offerings
First Solar Inc. - Segment focus
SWOT
14.9 Flex Ltd.
Flex Ltd. - Overview
Flex Ltd. - Business segments
Flex Ltd. - Key offerings
Flex Ltd. - Segment focus
SWOT
14.10 JinkoSolar Holding Co. Ltd.
JinkoSolar Holding Co. Ltd. - Overview
JinkoSolar Holding Co. Ltd. - Product / Service
JinkoSolar Holding Co. Ltd. - Key news
JinkoSolar Holding Co. Ltd. - Key offerings
SWOT
14.11 Scatec ASA
Scatec ASA - Overview
Scatec ASA - Business segments
Scatec ASA - Key offerings
Scatec ASA - Segment focus
SWOT
14.12 Sengi Solar
Sengi Solar - Overview
Sengi Solar - Product / Service
Sengi Solar - Key offerings
SWOT
14.13 Solaris Photovoltaic Technology
Solaris Photovoltaic Technology - Overview
Solaris Photovoltaic Technology - Product / Service
Solaris Photovoltaic Technology - Key offerings
SWOT
14.14 Tata Power Co. Ltd.
Tata Power Co. Ltd. - Overview
Tata Power Co. Ltd. - Business segments
Tata Power Co. Ltd. - Key offerings
Tata Power Co. Ltd. - Segment focus
SWOT
14.15 TotalEnergies SE
TotalEnergies SE - Overview
TotalEnergies SE - Business segments
TotalEnergies SE - Key news
TotalEnergies SE - Key offerings
TotalEnergies SE - Segment focus
SWOT
14.16 Trina Solar Co. Ltd.
Trina Solar Co. Ltd. - Overview
Trina Solar Co. Ltd. - Product / Service
Trina Solar Co. Ltd. - Key news
Trina Solar Co. Ltd. - Key offerings
SWOT
14.17 Yingli Solar
Yingli Solar - Overview
Yingli Solar - Product / Service
Yingli Solar - Key news
Yingli Solar - Key offerings
SWOT
15 Appendix
15.1 Scope of the report
15.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
15.3 Currency conversion rates for US$
Currency conversion rates for US$
15.4 Research methodology
Research methodology
15.5 Data procurement
Information sources
15.6 Data validation
Data validation
15.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
15.8 Data synthesis
Data synthesis
15.9 360 degree market analysis
360 degree market analysis
15.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Application
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Market Segmentation by Technology
Exhibits 7: Executive Summary - Chart on Company Market Positioning
Exhibits 8: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 9: Overview on criticality of inputs and factors of differentiation
Exhibits 10: Overview on factors of disruption
Exhibits 11: Impact of drivers and challenges in 2024 and 2029
Exhibits 12: Parent Market
Exhibits 13: Data Table on - Parent Market
Exhibits 14: Market characteristics analysis
Exhibits 15: Value chain analysis
Exhibits 16: Offerings of companies included in the market definition
Exhibits 17: Market segments
Exhibits 18: Chart on Brazil - Market size and forecast 2024-2029 ($ million)
Exhibits 19: Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
Exhibits 20: Chart on Brazil: Year-over-year growth 2024-2029 (%)
Exhibits 21: Data Table on Brazil: Year-over-year growth 2024-2029 (%)
Exhibits 22: Historic Market Size - Data Table on Solar Power Market in Brazil 2019 - 2023 ($ million)
Exhibits 23: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits 24: Historic Market Size - End-user Segment 2019 - 2023 ($ million)
Exhibits 25: Historic Market Size - Technology Segment 2019 - 2023 ($ million)
Exhibits 26: Five forces analysis - Comparison between 2024 and 2029
Exhibits 27: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 28: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 29: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 30: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 31: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 32: Chart on Market condition - Five forces 2024 and 2029
Exhibits 33: Chart on Application - Market share 2024-2029 (%)
Exhibits 34: Data Table on Application - Market share 2024-2029 (%)
Exhibits 35: Chart on Comparison by Application
Exhibits 36: Data Table on Comparison by Application
Exhibits 37: Chart on Grid-connected - Market size and forecast 2024-2029 ($ million)
Exhibits 38: Data Table on Grid-connected - Market size and forecast 2024-2029 ($ million)
Exhibits 39: Chart on Grid-connected - Year-over-year growth 2024-2029 (%)
Exhibits 40: Data Table on Grid-connected - Year-over-year growth 2024-2029 (%)
Exhibits 41: Chart on Off-grid - Market size and forecast 2024-2029 ($ million)
Exhibits 42: Data Table on Off-grid - Market size and forecast 2024-2029 ($ million)
Exhibits 43: Chart on Off-grid - Year-over-year growth 2024-2029 (%)
Exhibits 44: Data Table on Off-grid - Year-over-year growth 2024-2029 (%)
Exhibits 45: Market opportunity by Application ($ million)
Exhibits 46: Data Table on Market opportunity by Application ($ million)
Exhibits 47: Chart on End-user - Market share 2024-2029 (%)
Exhibits 48: Data Table on End-user - Market share 2024-2029 (%)
Exhibits 49: Chart on Comparison by End-user
Exhibits 50: Data Table on Comparison by End-user
Exhibits 51: Chart on Utility - Market size and forecast 2024-2029 ($ million)
Exhibits 52: Data Table on Utility - Market size and forecast 2024-2029 ($ million)
Exhibits 53: Chart on Utility - Year-over-year growth 2024-2029 (%)
Exhibits 54: Data Table on Utility - Year-over-year growth 2024-2029 (%)
Exhibits 55: Chart on Rooftop - Market size and forecast 2024-2029 ($ million)
Exhibits 56: Data Table on Rooftop - Market size and forecast 2024-2029 ($ million)
Exhibits 57: Chart on Rooftop - Year-over-year growth 2024-2029 (%)
Exhibits 58: Data Table on Rooftop - Year-over-year growth 2024-2029 (%)
Exhibits 59: Market opportunity by End-user ($ million)
Exhibits 60: Data Table on Market opportunity by End-user ($ million)
Exhibits 61: Chart on Technology - Market share 2024-2029 (%)
Exhibits 62: Data Table on Technology - Market share 2024-2029 (%)
Exhibits 63: Chart on Comparison by Technology
Exhibits 64: Data Table on Comparison by Technology
Exhibits 65: Chart on Photovoltaic systems - Market size and forecast 2024-2029 ($ million)
Exhibits 66: Data Table on Photovoltaic systems - Market size and forecast 2024-2029 ($ million)
Exhibits 67: Chart on Photovoltaic systems - Year-over-year growth 2024-2029 (%)
Exhibits 68: Data Table on Photovoltaic systems - Year-over-year growth 2024-2029 (%)
Exhibits 69: Chart on Concentrated solar power systems - Market size and forecast 2024-2029 ($ million)
Exhibits 70: Data Table on Concentrated solar power systems - Market size and forecast 2024-2029 ($ million)
Exhibits 71: Chart on Concentrated solar power systems - Year-over-year growth 2024-2029 (%)
Exhibits 72: Data Table on Concentrated solar power systems - Year-over-year growth 2024-2029 (%)
Exhibits 73: Market opportunity by Technology ($ million)
Exhibits 74: Data Table on Market opportunity by Technology ($ million)
Exhibits 75: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 76: Impact of drivers and challenges in 2024 and 2029
Exhibits 77: Overview on criticality of inputs and factors of differentiation
Exhibits 78: Overview on factors of disruption
Exhibits 79: Impact of key risks on business
Exhibits 80: Companies covered
Exhibits 81: Company ranking index
Exhibits 82: Matrix on companies position and classification
Exhibits 83: Canadian Solar Inc. - Overview
Exhibits 84: Canadian Solar Inc. - Business segments
Exhibits 85: Canadian Solar Inc. - Key news
Exhibits 86: Canadian Solar Inc. - Key offerings
Exhibits 87: Canadian Solar Inc. - Segment focus
Exhibits 88: SWOT
Exhibits 89: Cox Energy SAB de CV - Overview
Exhibits 90: Cox Energy SAB de CV - Product / Service
Exhibits 91: Cox Energy SAB de CV - Key offerings
Exhibits 92: SWOT
Exhibits 93: Enel Spa - Overview
Exhibits 94: Enel Spa - Product / Service
Exhibits 95: Enel Spa - Key news
Exhibits 96: Enel Spa - Key offerings
Exhibits 97: SWOT
Exhibits 98: ENGIE SA - Overview
Exhibits 99: ENGIE SA - Business segments
Exhibits 100: ENGIE SA - Key offerings
Exhibits 101: ENGIE SA - Segment focus
Exhibits 102: SWOT
Exhibits 103: First Solar Inc. - Overview
Exhibits 104: First Solar Inc. - Business segments
Exhibits 105: First Solar Inc. - Key news
Exhibits 106: First Solar Inc. - Key offerings
Exhibits 107: First Solar Inc. - Segment focus
Exhibits 108: SWOT
Exhibits 109: Flex Ltd. - Overview
Exhibits 110: Flex Ltd. - Business segments
Exhibits 111: Flex Ltd. - Key offerings
Exhibits 112: Flex Ltd. - Segment focus
Exhibits 113: SWOT
Exhibits 114: JinkoSolar Holding Co. Ltd. - Overview
Exhibits 115: JinkoSolar Holding Co. Ltd. - Product / Service
Exhibits 116: JinkoSolar Holding Co. Ltd. - Key news
Exhibits 117: JinkoSolar Holding Co. Ltd. - Key offerings
Exhibits 118: SWOT
Exhibits 119: Scatec ASA - Overview
Exhibits 120: Scatec ASA - Business segments
Exhibits 121: Scatec ASA - Key offerings
Exhibits 122: Scatec ASA - Segment focus
Exhibits 123: SWOT
Exhibits 124: Sengi Solar - Overview
Exhibits 125: Sengi Solar - Product / Service
Exhibits 126: Sengi Solar - Key offerings
Exhibits 127: SWOT
Exhibits 128: Solaris Photovoltaic Technology - Overview
Exhibits 129: Solaris Photovoltaic Technology - Product / Service
Exhibits 130: Solaris Photovoltaic Technology - Key offerings
Exhibits 131: SWOT
Exhibits 132: Tata Power Co. Ltd. - Overview
Exhibits 133: Tata Power Co. Ltd. - Business segments
Exhibits 134: Tata Power Co. Ltd. - Key offerings
Exhibits 135: Tata Power Co. Ltd. - Segment focus
Exhibits 136: SWOT
Exhibits 137: TotalEnergies SE - Overview
Exhibits 138: TotalEnergies SE - Business segments
Exhibits 139: TotalEnergies SE - Key news
Exhibits 140: TotalEnergies SE - Key offerings
Exhibits 141: TotalEnergies SE - Segment focus
Exhibits 142: SWOT
Exhibits 143: Trina Solar Co. Ltd. - Overview
Exhibits 144: Trina Solar Co. Ltd. - Product / Service
Exhibits 145: Trina Solar Co. Ltd. - Key news
Exhibits 146: Trina Solar Co. Ltd. - Key offerings
Exhibits 147: SWOT
Exhibits 148: Yingli Solar - Overview
Exhibits 149: Yingli Solar - Product / Service
Exhibits 150: Yingli Solar - Key news
Exhibits 151: Yingli Solar - Key offerings
Exhibits 152: SWOT
Exhibits 153: Inclusions checklist
Exhibits 154: Exclusions checklist
Exhibits 155: Currency conversion rates for US$
Exhibits 156: Research methodology
Exhibits 157: Information sources
Exhibits 158: Data validation
Exhibits 159: Validation techniques employed for market sizing
Exhibits 160: Data synthesis
Exhibits 161: 360 degree market analysis
Exhibits 162: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the solar power market in brazil: Canadian Solar Inc., Cox Energy SAB de CV, Enel Spa, ENGIE SA, First Solar Inc., Flex Ltd., JinkoSolar Holding Co. Ltd., Scatec ASA, Sengi Solar, Solaris Photovoltaic Technology, Tata Power Co. Ltd., TotalEnergies SE, Trina Solar Co. Ltd., and Yingli Solar.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rising adoption of floating solar power plants."

According to the report, one of the major drivers for this market is the favorable climatic conditions for solar power.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Canadian Solar Inc.
  • Cox Energy SAB de CV
  • Enel Spa
  • ENGIE SA
  • First Solar Inc.
  • Flex Ltd.
  • JinkoSolar Holding Co. Ltd.
  • Scatec ASA
  • Sengi Solar
  • Solaris Photovoltaic Technology
  • Tata Power Co. Ltd.
  • TotalEnergies SE
  • Trina Solar Co. Ltd.
  • Yingli Solar