| Product Code: ETC7402783 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Guatemala continues to see significant growth in its solar module import shipments, with top countries such as China, USA, Hong Kong, Germany, and Spain leading the way in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with a CAGR of 65.13% from 2020 to 2024. The impressive growth rate of 42.97% from 2023 to 2024 underscores the increasing demand for solar modules in Guatemala, highlighting a promising market for both domestic and international suppliers.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Guatemala Solar Module Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Solar Module Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Solar Module Market - Industry Life Cycle |
3.4 Guatemala Solar Module Market - Porter's Five Forces |
3.5 Guatemala Solar Module Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Guatemala Solar Module Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.7 Guatemala Solar Module Market Revenues & Volume Share, By Mounting, 2021 & 2031F |
3.8 Guatemala Solar Module Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Guatemala Solar Module Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and policies promoting the adoption of solar energy |
4.2.2 Increasing awareness about environmental sustainability and the benefits of renewable energy sources |
4.2.3 Growing demand for reliable and affordable energy solutions in Guatemala |
4.3 Market Restraints |
4.3.1 High initial investment costs for solar module installations |
4.3.2 Lack of adequate infrastructure for solar energy distribution and storage |
4.3.3 Limited availability of skilled workforce and technical expertise in the solar energy sector in Guatemala |
5 Guatemala Solar Module Market Trends |
6 Guatemala Solar Module Market, By Types |
6.1 Guatemala Solar Module Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Solar Module Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Guatemala Solar Module Market Revenues & Volume, By Crystalline Silicon, 2021- 2031F |
6.1.4 Guatemala Solar Module Market Revenues & Volume, By Thin Film, 2021- 2031F |
6.2 Guatemala Solar Module Market, By Connectivity |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Solar Module Market Revenues & Volume, By On-grid, 2021- 2031F |
6.2.3 Guatemala Solar Module Market Revenues & Volume, By Off-grid, 2021- 2031F |
6.3 Guatemala Solar Module Market, By Mounting |
6.3.1 Overview and Analysis |
6.3.2 Guatemala Solar Module Market Revenues & Volume, By Ground Mounted, 2021- 2031F |
6.3.3 Guatemala Solar Module Market Revenues & Volume, By Roof Top, 2021- 2031F |
6.4 Guatemala Solar Module Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Guatemala Solar Module Market Revenues & Volume, By Residential, 2021- 2031F |
6.4.3 Guatemala Solar Module Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4.4 Guatemala Solar Module Market Revenues & Volume, By Utility, 2021- 2031F |
7 Guatemala Solar Module Market Import-Export Trade Statistics |
7.1 Guatemala Solar Module Market Export to Major Countries |
7.2 Guatemala Solar Module Market Imports from Major Countries |
8 Guatemala Solar Module Market Key Performance Indicators |
8.1 Average cost of solar module installations in Guatemala |
8.2 Number of new solar module installations completed each quarter |
8.3 Percentage increase in government incentives and subsidies for solar energy projects |
8.4 Rate of growth in solar energy capacity in Guatemala |
8.5 Number of partnerships and collaborations between solar module manufacturers and local businesses or organizations |
9 Guatemala Solar Module Market - Opportunity Assessment |
9.1 Guatemala Solar Module Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Guatemala Solar Module Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
9.3 Guatemala Solar Module Market Opportunity Assessment, By Mounting, 2021 & 2031F |
9.4 Guatemala Solar Module Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Guatemala Solar Module Market - Competitive Landscape |
10.1 Guatemala Solar Module Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Solar Module Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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