The Chile solar photovoltaics market size is projected to expand at a CAGR of 8.20% between 2025 and 2034.
The market is experiencing robust expansion as a result of the rising adoption of renewable energy to fulfil the escalating electricity demands and the government's increased investment in sustainable energy technology. The country's favourable geographical position ensures an ample supply of solar resources, ensuring a consistent and dependable source of sunlight for solar energy production. The nation's commitment to environment protection and endeavours to combat climate change are positively influencing the market. With an increasing awareness of the detrimental effects of conventional energy sources on the environment, Chileans are increasingly embracing cleaner alternatives, consequently driving up the Chile solar photovoltaics market share.
The increasing need for rooftop solar photovoltaic (PV) systems in both residential and commercial areas is fuelling the expansion of the market. Homeowners in the residential sector are more interested in rooftop solar installations to lower electricity expenses and attain energy self-sufficiency, leading to significant long-term savings. Likewise, businesses in the commercial sector are acknowledging the financial and environmental advantages of rooftop solar PV systems, favouring the Chile solar photovoltaics market growth.
Furthermore, the market is expected to benefit from increasing collaborations and partnerships among organisations seeking to support sustainable development. For instance, in February 2024, Enel O'Higgins completed a solar energy project for Geofrut, a prominent regional entity, showcasing their commitment to sustainable energy solutions. This initiative, specifically designed for self-consumption, incorporates 683 state-of-the-art solar panels, each with an impressive output of 575 Wp.
Market Segmentation
Chile Solar Photovoltaics Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Thin film
Multi-Si
Mono-Si
Market Breakup by Deployment:
Rooftop Solar
Ground-mounted
Market Breakup by Connectivity:
On-grid
Off-grid
Market Breakup by End Use:
Residential
Commercial
Utility
Competitive Landscape
The market participants are increasing their collaborations and partnerships to implement effective solar photovoltaic technologies and support sustainable development.
Mainstream Renewable Power Limited
Enel S.p.A.
Sonnedix Power Holdings Limited
Sociedad Abengoa S.L.
Urrejola Ingenieros SpA
ZNSHINE PV-TECH Co., Ltd.
SunRoof
Others
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Solar Photovoltaics Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Solar Photovoltaics Historical Market (2018-2024)
- 5.3 Latin America Solar Photovoltaics Market Forecast (2025-2034)
- 5.4 Latin America Solar Photovoltaics Market Share by Country
- 5.4.1 Brazil
- 5.4.2 Mexico
- 5.4.3 Argentina
- 5.4.4 Chile
- 5.4.5 Others
- 6 Chile Solar Photovoltaics Market Overview
- 6.1 Key Industry Highlights
- 6.2 Chile Solar Photovoltaics Historical Market (2018-2024)
- 6.3 Chile Solar Photovoltaics Market Forecast (2025-2034)
- 7 Chile Solar Photovoltaics Market by Type
- 7.1 Thin film
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Multi-Si
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Mono-Si
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 8 Chile Solar Photovoltaics Market by Deployment
- 8.1 Rooftop Solar
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Ground-mounted
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 Chile Solar Photovoltaics Market by Connectivity
- 9.1 On-grid
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Off-grid
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Chile Solar Photovoltaics Market by End Use
- 10.1 Residential
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Commercial
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Utility
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyers Powers
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Mainstream Renewable Power Limited
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Enel S.p.A.
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Sonnedix Power Holdings Limited
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Sociedad Abengoa S.L.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Urrejola Ingenieros SpA
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 ZNSHINE PV-TECH Co., Ltd.
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 SunRoof
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Others
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