| Product Code: ETC7402789 | 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`s solar PV module import market in 2024 continued to be dominated by top exporters such as China, USA, Hong Kong, Germany, and Spain. The High Herfindahl-Hirschman Index (HHI) indicates a high level of market concentration. The impressive compound annual growth rate (CAGR) of 67.94% from 2020 to 2024 highlights the rapid expansion of the market. Moreover, the growth rate of 42.97% in 2024 signifies sustained momentum in the sector, positioning Guatemala as a key player in the solar energy industry.

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 PV Module Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Solar PV Module Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Solar PV Module Market - Industry Life Cycle |
3.4 Guatemala Solar PV Module Market - Porter's Five Forces |
3.5 Guatemala Solar PV Module Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Guatemala Solar PV Module Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Guatemala Solar PV Module Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.8 Guatemala Solar PV Module Market Revenues & Volume Share, By Mounting, 2021 & 2031F |
3.9 Guatemala Solar PV Module Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Guatemala Solar PV Module Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government support and incentives for solar energy projects in Guatemala |
4.2.2 Growing awareness and adoption of renewable energy sources among consumers and businesses |
4.2.3 Declining costs of solar PV modules and installation |
4.2.4 Favorable environmental policies and regulations promoting the use of solar energy |
4.2.5 Rising demand for clean energy solutions to reduce carbon footprint |
4.3 Market Restraints |
4.3.1 Lack of grid infrastructure and connectivity in remote areas of Guatemala |
4.3.2 High initial investment costs for solar PV modules and installation |
4.3.3 Limited access to financing options for solar energy projects |
4.3.4 Dependence on imported solar PV modules leading to supply chain vulnerabilities |
4.3.5 Inconsistencies in government policies and regulations impacting market stability |
5 Guatemala Solar PV Module Market Trends |
6 Guatemala Solar PV Module Market, By Types |
6.1 Guatemala Solar PV Module Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Solar PV Module Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Guatemala Solar PV Module Market Revenues & Volume, By Thin Film, 2021- 2031F |
6.1.4 Guatemala Solar PV Module Market Revenues & Volume, By Crystalline Silicon, 2021- 2031F |
6.1.5 Guatemala Solar PV Module Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Guatemala Solar PV Module Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Solar PV Module Market Revenues & Volume, By Monocrystalline, 2021- 2031F |
6.2.3 Guatemala Solar PV Module Market Revenues & Volume, By Polycrystalline, 2021- 2031F |
6.2.4 Guatemala Solar PV Module Market Revenues & Volume, By Cadmium Telluride, 2021- 2031F |
6.2.5 Guatemala Solar PV Module Market Revenues & Volume, By Amorphous Silicon, 2021- 2031F |
6.2.6 Guatemala Solar PV Module Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Guatemala Solar PV Module Market, By Connectivity |
6.3.1 Overview and Analysis |
6.3.2 Guatemala Solar PV Module Market Revenues & Volume, By On-Grid, 2021- 2031F |
6.3.3 Guatemala Solar PV Module Market Revenues & Volume, By Off-Grid, 2021- 2031F |
6.4 Guatemala Solar PV Module Market, By Mounting |
6.4.1 Overview and Analysis |
6.4.2 Guatemala Solar PV Module Market Revenues & Volume, By Ground Mounted, 2021- 2031F |
6.4.3 Guatemala Solar PV Module Market Revenues & Volume, By Roof-Top, 2021- 2031F |
6.5 Guatemala Solar PV Module Market, By End Use |
6.5.1 Overview and Analysis |
6.5.2 Guatemala Solar PV Module Market Revenues & Volume, By Residential, 2021- 2031F |
6.5.3 Guatemala Solar PV Module Market Revenues & Volume, By Commercial, 2021- 2031F |
6.5.4 Guatemala Solar PV Module Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Guatemala Solar PV Module Market Import-Export Trade Statistics |
7.1 Guatemala Solar PV Module Market Export to Major Countries |
7.2 Guatemala Solar PV Module Market Imports from Major Countries |
8 Guatemala Solar PV Module Market Key Performance Indicators |
8.1 Average system efficiency of solar PV installations in Guatemala |
8.2 Number of new solar PV projects approved and initiated |
8.3 Capacity utilization rate of solar PV modules in the market |
8.4 Rate of return on investment for solar energy projects |
8.5 Percentage of electricity generated from solar PV in Guatemala's total energy mix |
9 Guatemala Solar PV Module Market - Opportunity Assessment |
9.1 Guatemala Solar PV Module Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Guatemala Solar PV Module Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Guatemala Solar PV Module Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
9.4 Guatemala Solar PV Module Market Opportunity Assessment, By Mounting, 2021 & 2031F |
9.5 Guatemala Solar PV Module Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Guatemala Solar PV Module Market - Competitive Landscape |
10.1 Guatemala Solar PV Module Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Solar PV 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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