Brazil Power and Distribution Transformers Market Forecast and Opportunities, 2019
With rising current electricity demand and the need to broaden access to electricity, transmission expansion continues to be a key priority for the Brazilian government.
In addition, accelerated construction activities in the power generation segment (hydroelectric, thermal, renewable and biomass plants) necessitate expansion of transmission networks to carry additional power.
The installation of power and distributions transformers thus continues to grow in importance.
Brazil's grid is expected to witness serious congestion in the coming future necessitating network expansion which will give rise to opportunity for players operating in Brazil's power and distribution transformers market.
According to the government's plan, an estimated $58.6 billion will be required to expand the country's installed capacity and transmission grids by 2015. The gross benefits of the large investment will be levied by transmission companies, EPC companies and equipment suppliers which also includes power & distribution transformers.
According to Brazil Power & Distribution Transformers Market Forecast & Opportunities, 2019, the power & distribution transformers market in Brazil is forecast to grow at a CAGR of around 5.6% till 2019.
Brazil depends mainly on hydropower projects for electricity generation, and presently, the country has various large scale hydropower projects in pipeline such as Itaipu hydroelectric project and Belo Monte hydro power project which is expected to drive sales for transformers.
Brazil is also focusing on increasing the use of alternative energy resources including wind and solar energy for power generation which will further spur the demand for power and distribution transformers.
Brazil Power & Distribution Transformers Market Forecast & Opportunities, 2019 report elaborates on the following:
- Brazil Transformers Market Size, Share & Forecast
- Segment Analysis High Power (Above 100 MVA), Medium Power (1 MVA to 100 MVA) and Low Power (10 KVA to 1 MVA)
- Policy & Regulatory Landscape
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
See more on the report here