South America Wind Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South American Wind Power Market is Segmented by Location (Onshore and Offshore) and Geography (Brazil, Chile, Argentina, and the rest of South America). The report offers the market size and forecasts in installed capacity (GW) for all the above segments.

South America Wind Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South America Wind Power Market Size

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South America Wind Power Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 7.90 %
Market Concentration Low

Major Players

South America Wind Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South America Wind Power Market Analysis

The South America Wind Power Market is expected to register a CAGR of less than 7.9% during the forecast period.

COVID-19 moderately impacted the market in 2020. Currently, the market is likely to reach pre-pandemic levels.

  • Over the medium term, major factors attributing to the growth include favorable government policies, the increasing investment in wind power projects, and the reduced cost of wind energy, which led to increased adoption of wind energy, thereby positively contributing to the demand for wind energy.
  • On the other hand, the increasing adoption of alternate energy sources, such as gas-based power and solar power, is likely to hinder the market growth.
  • Nevertheless, the technological advancements in efficiency and decrease in the production cost of offshore wind turbines are expected to create ample opportunity for the market players in South America.
  • In South America, Brazil had the highest installed capacity in 2021 and is expected to be the largest market during the forecast period, bolstered by constant growth in onshore wind power additions and upcoming offshore wind power projects.

South America Wind Power Industry Overview

South America Wind Power Market could be more cohesive. Some key players in the biogas market (not in particular order) include Acciona Energia SA, Vestas Wind Systems AS, Siemens Gamesa Renewable Energy SA, Xinjiang Goldwind Science & Technology Co. Ltd (Goldwind), EDF SA, and General Electric, among others.

South America Wind Power Market Leaders

  1. Acciona Energia SA

  2. EDF SA

  3. General Electric Company

  4. Siemens Gamesa Renewable Energy

  5. Vestas Wind Systems AS

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration - South America Wind Power Market.png
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South America Wind Power Market News

  • February 2022: Tenaris planned to invest USD 190 million in constructing a new Argentine wind farm, expected to come online by mid-2023, with a capacity of 101 MW. The project is located in Adolfo Gonzales Chaves, Buenos Aires province, and is expected to generate approximately 509 GWh a year.
  • November 2021: Acciona Energía, a Spanish renewable energy company, signed an agreement with Casa dos Ventos, a Brazilian investment group, to acquire two wind projects in the country. The Sento Se wind farms are developing, and their acquisition is likely to mark Acciona Energía's entry into the Brazilian renewable energy market.

South America Wind Power Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Wind Power Installed Capacity and Forecast in GW, until 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Location
    • 5.1.1 Onshore
    • 5.1.2 Offshore
  • 5.2 Geography
    • 5.2.1 Brazil
    • 5.2.2 Chile
    • 5.2.3 Argentina
    • 5.2.4 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Xinjiang Goldwind Science & Technology Co. Ltd (Goldwind)
    • 6.3.2 Siemens Gamesa Renewable Energy SA
    • 6.3.3 Vestas Wind Systems AS
    • 6.3.4 Acciona Energia SA
    • 6.3.5 EDF SA
    • 6.3.6 General Electric Company
    • 6.3.7 ABB Ltd
    • 6.3.8 Nordex SE
    • 6.3.9 Neoenergia SA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South America Wind Power Industry Segmentation

The wind produces electricity by converting the kinetic energy of air in motion into electricity. By rotating the rotor blades, wind transforms kinetic energy into rotational energy. The rotational energy is transferred to the generator through a shaft, generating electrical power.

South America wind power market is segmented by location of deployment. By location of deployment, the market is segmented into onshore and offshore. The report also covers the market size and forecasts for the wind power market across the countries in the region. For each segment, the market sizing and forecasts have been done based on installed capacity (GW).

Location Onshore
Offshore
Geography Brazil
Chile
Argentina
Rest of South America
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South America Wind Power Market Research FAQs

What is the current South America Wind Power Market size?

The South America Wind Power Market is projected to register a CAGR of less than 7.9% during the forecast period (2025-2030)

Who are the key players in South America Wind Power Market?

Acciona Energia SA, EDF SA, General Electric Company, Siemens Gamesa Renewable Energy and Vestas Wind Systems AS are the major companies operating in the South America Wind Power Market.

What years does this South America Wind Power Market cover?

The report covers the South America Wind Power Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the South America Wind Power Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Wind Power Industry Report

Statistics for the 2025 South America Wind Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Wind Power analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.