The Argentina power market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 2.58% during 2023–2031. Growth of the market is attributed to increasing energy consumption, rapid industrialization, growing demand for electricity, and developed electricity transmission infrastructure.
Most of the electricity of Argentina comes from thermal power, natural gas, and hydropower. The total production of electricity in Argentina is 132 billion kWh, which is 109% of countries own consumptions. Argentina is selling energy to other countries. The Argentina power market is the third major power market in Latin America.
The covid-19 outbreak was not able to affect the Argentina power energy corporations. The market players faced several problems varying from getting components required to develop electricity and providing end products to attracting workers from quarantines. However, the power trade is returning to traditional and witnessing the steady increasing energy demand, particularly from the commercial sectors.
Market Trends, Drivers, Restraints, and Opportunities
Increasing consumer purchasing capacity and continually growing population is projected to boost the market in the coming years.
Rapid development in industrial and residential sector is the major factor fuelling the market.
Development of renewable energy is not a priority of the Argentina government this is anticipated to hamper the market growth.
Increasing economic crisis in the region is projected to hamper the market in the coming years.
R&D investment and technological advancement in power sector is projected to create lucrative opportunities for the market players.
Scope of Argentina Power Market Report
The report on the Argentina power market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Power Market - Argentina Industry Analysis, Growth, Share, Size, Trends, and Forecast
Power Sectors [Generation (Hydropower, Non-hydroelectric Renewables, Thermal, and Nuclear), Transmission and Distribution (T&D)], End-users [Industrial, Residential, Commercial, and Others]
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players covered in the Report
360 Energy Limited, Empresa Mendocina De Energias A.P.E.M, Genneia SA, Edenor SA, YPF Luz, Pampa Energia SA, Enel SA, AES Argentina Generacion SA, Empresa Distribuidora de Electricidad del Sur, S.A., and Energia San Juan
Argentina Power Market Segment Insights
The industrial segment accounts for key share of the market
Based on end-users, the Argentina power market is segregated into industrial, residential, commercial, and others. The industrial segment is estimated to expand at a rapid pace during the forecast period.
Growth of the market is attributed to the increase in energy consumption, growing demand for electricity, and rapid industrialization. The residential segment is anticipated to expand at a substantial CAGR during the forecast period due to factors such as rapid urbanization, government policies, and increasing population.
The thermal power segment is anticipated to hold a major market share
Based on power sectors, the Argentina power market is fragmented into generation transmission and distribution (T&D). The generation segment is further sub-segmented into hydropower, non-hydroelectric renewables, thermal, and nuclear. The thermal power segment is anticipated to dominate the market. Growth of the market is attributed to increasing population and rising disposable income.
The thermal power held a major market share in the Argentina power market. The 60% energy comes from thermal power, 36% comes from hydropower, and remaining 4% comes from other power sources. The Argentina power market is third major power market in Latin America.
Argentina and the US officials signed a contract to work jointly to increase the power infrastructure in both countries. They have decided to change present fossil fuel to combined-cycle natural gas technology to create and expand electricity generation from natural gas.
In Argentina there are new thermal power plants in developing stage. Extension of Guillermo Brown thermal power plant and Vuelta de Obligado power plant is anticipated to be the major development in Argentina.
The Argentina power market has been segmented on the basis of
- Non-hydroelectric Renewables
- Transmission and Distribution [T&D]
- 360 Energy Limited
- Empresa Mendocina De Energias A.P.E.M
- Genneia SA
- Edenor SA
- YPF Luz
- Pampa Energia SA
- Enel SA
- AES Argentina Generacion SA
- Empresa Distribuidora de Electricidad del Sur, S.A.
- Energia San Juan
Key players competing in the Argentina power market includes 360 Energy Limited, Empresa Mendocina De Energias A.P.E.M, Genneia SA, Edenor SA, YPF Luz, Pampa Energia SA, Enel SA, AES Argentina Generacion SA, Empresa Distribuidora de Electricidad del Sur, S.A., and Energia San Juan
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and raise their production line of the business in the coming years.