The Latin America Geothermal Energy Market is on the rise, with an expected growth from USD 0.59 billion in 2024 to USD 0.99 billion by 2033, fueled by the region's abundant volcanic and tectonic activity. Geothermal energy, a reliable and sustainable alternative to fossil fuels, has gained traction in countries like Mexico, El Salvador, and Costa Rica, paving the way for clean energy diversification and climate change mitigation. Latin America's commitment to geothermal energy is evident through its integration into long-term decarbonization strategies and NDCs under the Paris Agreement. The market benefits from consistent output, making it attractive for base-load power generation and contributing to energy independence in nations like El Salvador and Nicaragua. Government support and policy frameworks, including feed-in tariffs and financial incentives, have propelled geothermal development, attracting private investment and regional bank funding. However, challenges persist, such as high initial investment requirements, exploration risks, and the shortage of technical expertise and skilled workforce. Public-private partnerships and risk-sharing mechanisms are vital to address these constraints and ensure the sustainable growth of the geothermal market in Latin America.