| Product Code: ETC7402788 | 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 import market continues to thrive in 2024, with key exporters including China, USA, Hong Kong, Germany, and Spain. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting strong competition among these top exporting countries. The impressive compound annual growth rate (CAGR) of 65.13% from 2020 to 2024 highlights the significant expansion of the solar PV industry in Guatemala. Additionally, the remarkable growth rate of 42.97% from 2023 to 2024 underscores the ongoing momentum and increasing demand for solar PV imports in the country.

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 Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Solar PV Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Solar PV Market - Industry Life Cycle |
3.4 Guatemala Solar PV Market - Porter's Five Forces |
3.5 Guatemala Solar PV Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Guatemala Solar PV Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Guatemala Solar PV Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and policies promoting renewable energy adoption in Guatemala |
4.2.2 Increasing awareness about the benefits of solar energy and environmental concerns |
4.2.3 Declining costs of solar PV technology, making it more affordable for consumers and businesses |
4.3 Market Restraints |
4.3.1 Lack of grid infrastructure and storage capabilities in remote areas of Guatemala |
4.3.2 Regulatory barriers and bureaucratic processes delaying project implementation |
4.3.3 Limited access to financing options for solar PV installations |
5 Guatemala Solar PV Market Trends |
6 Guatemala Solar PV Market, By Types |
6.1 Guatemala Solar PV Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Solar PV Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Guatemala Solar PV Market Revenues & Volume, By Thin film, 2021- 2031F |
6.1.4 Guatemala Solar PV Market Revenues & Volume, By Multi-Si, 2021- 2031F |
6.1.5 Guatemala Solar PV Market Revenues & Volume, By Mono-Si, 2021- 2031F |
6.2 Guatemala Solar PV Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Solar PV Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Guatemala Solar PV Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 Guatemala Solar PV Market Revenues & Volume, By Utility, 2021- 2031F |
7 Guatemala Solar PV Market Import-Export Trade Statistics |
7.1 Guatemala Solar PV Market Export to Major Countries |
7.2 Guatemala Solar PV Market Imports from Major Countries |
8 Guatemala Solar PV Market Key Performance Indicators |
8.1 Average installation time for solar PV projects in Guatemala |
8.2 Number of new solar PV installations in rural areas |
8.3 Percentage increase in capacity of solar PV projects connected to the grid |
8.4 Average levelized cost of electricity (LCOE) for solar PV projects in Guatemala |
8.5 Number of partnerships between government agencies and private sector for solar PV initiatives |
9 Guatemala Solar PV Market - Opportunity Assessment |
9.1 Guatemala Solar PV Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Guatemala Solar PV Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Guatemala Solar PV Market - Competitive Landscape |
10.1 Guatemala Solar PV Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Solar PV 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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