Photovoltaic market trend in Latin America

 

The Latin American market currently has a population of 440 million people, distributed in 33 countries, and is currently experiencing a visible growth trend towards photovoltaic energies in the residential and commercial sectors.

All this indicates that the business model is going to focus on hybrid systems in the residential segment between 1 Kilowatt to 5 Kilowatts of installed power and between 3 to 10 Kilowatts in energy storage.

And in the commercial sector between 15 to 50 Kilowatts of installed power and between 25 to 80 Kilowatts of storage.

In mounting or racking systems, in the residential sector the opportunities will be for those who offer roof kits that allow the installation of from 1 solar panel to 25 solar panels, and in the commercial sector for those manufacturers that offer mounting systems for up to 200 panels.

Also with regard to the public lighting market, manufacturers of solar LED lamps are assured of an important market if they enter with competitive prices.

For the wind market, only manufacturers of small turbines or wind turbines ranging from 3 to 15 Kilowatts will have real market opportunities.

Lubio Lenin Cardozo, installer of photovoltaic systems