Market Size of Chile Wind Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 5.15 gigawatt |
| Market Volume (2029) | 10.14 gigawatt |
| CAGR (2024 - 2029) | 14.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chile Wind Energy Market Analysis
The Chile Wind Energy Market size is estimated at 5.15 gigawatt in 2024, and is expected to reach 10.14 gigawatt by 2029, growing at a CAGR of 14.5% during the forecast period (2024-2029).
- Over the medium term, the major driving factors of the market are the favorable government policies, increasing investments in wind power projects, and the reduced cost of tariffs for wind power generation are expected to drive the Chilean wind energy market during the forecast period.
- On the flip side, the increasing adoption of alternate energy sources, such as gas-based power and solar power, is likely to hinder the market growth.
- Nevertheless, Chilean ambitious wind energy targets are likely to provide huge opportunities for the market studied.
