| Product Code: ETC4775937 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Guatemala`s solar panel import shipments in 2024 continued to be dominated by top exporters including China, USA, Hong Kong, Germany, and Spain, reflecting a highly concentrated market. The industry experienced remarkable growth with a CAGR of 67.94% from 2020 to 2024, and a particularly impressive growth rate of 42.97% from 2023 to 2024. This data suggests a strong demand for solar panels in Guatemala, driven by factors such as increasing awareness of renewable energy sources and government incentives for sustainable energy solutions.

The Solar Panel market in Guatemala is projected to grow at a stable growth rate of 0.01% by 2027, within the Latin America region led by Brazil, along with other countries like Mexico, Argentina, Colombia and Chile, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Panel Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Solar Panel Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Solar Panel Market - Industry Life Cycle |
3.4 Guatemala Solar Panel Market - Porter's Five Forces |
3.5 Guatemala Solar Panel Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Guatemala Solar Panel Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Guatemala Solar Panel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies for solar energy adoption |
4.2.2 Increasing awareness about environmental sustainability and the benefits of solar energy |
4.2.3 Rise in electricity prices leading to higher demand for alternative energy sources |
4.2.4 Technological advancements in solar panel efficiency and cost-effectiveness |
4.3 Market Restraints |
4.3.1 High initial installation costs of solar panels |
4.3.2 Lack of adequate infrastructure for solar energy distribution and storage |
4.3.3 Limited access to financing options for solar panel installations |
4.3.4 Dependence on weather conditions affecting solar energy production reliability |
5 Guatemala Solar Panel Market Trends |
6 Guatemala Solar Panel Market Segmentations |
6.1 Guatemala Solar Panel Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Solar Panel Market Revenues & Volume, By Crystal Silicon, 2021-2031F |
6.1.3 Guatemala Solar Panel Market Revenues & Volume, By Monocrystalline Silicon, 2021-2031F |
6.1.4 Guatemala Solar Panel Market Revenues & Volume, By Polycrystalline Silicon, 2021-2031F |
6.1.5 Guatemala Solar Panel Market Revenues & Volume, By Thin Film, 2021-2031F |
6.1.6 Guatemala Solar Panel Market Revenues & Volume, By Others, 2021-2031F |
6.2 Guatemala Solar Panel Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Solar Panel Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Guatemala Solar Panel Market Revenues & Volume, By Residential, 2021-2031F |
6.2.4 Guatemala Solar Panel Market Revenues & Volume, By Industrial, 2021-2031F |
7 Guatemala Solar Panel Market Import-Export Trade Statistics |
7.1 Guatemala Solar Panel Market Export to Major Countries |
7.2 Guatemala Solar Panel Market Imports from Major Countries |
8 Guatemala Solar Panel Market Key Performance Indicators |
8.1 Average cost per watt of solar panels in Guatemala |
8.2 Number of residential and commercial installations of solar panels |
8.3 Percentage increase in renewable energy consumption in Guatemala |
8.4 Capacity utilization rate of solar energy projects in the country |
8.5 Number of new solar energy projects approved by the government |
9 Guatemala Solar Panel Market - Opportunity Assessment |
9.1 Guatemala Solar Panel Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Guatemala Solar Panel Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Guatemala Solar Panel Market - Competitive Landscape |
10.1 Guatemala Solar Panel Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Solar Panel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |