Market Size of Colombia Solar Energy Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 1.48 gigawatt |
| Market Volume (2029) | 12.85 gigawatt |
| CAGR (2024 - 2029) | 54.06 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Colombia Solar Energy Market Analysis
The Colombia Solar Energy Market size in terms of installed base is expected to grow from 1.48 gigawatt in 2024 to 12.85 gigawatt by 2029, at a CAGR of 54.06% during the forecast period (2024-2029).
- Over the medium term, supportive government policies, urbanization activities, and abundant solar energy potential are expected to drive the market during the forecasted period.
- However, competition from other conventional energy resources is expected to hinder the growth of the power market.
- Nevertheless, the increasing demand for energy in the country presents significant opportunities for the Colombian solar energy market.
