Brazil Power and Distribution Transformers Market Set to Grow at Over 5% CAGR till 2019
Rising power generation coupled with increasing transmission and distribution requirements across industrial as well as residential segments to spur growth in Brazil’s power and distribution transformers market
As per a recently published report by TechSci Research, “Brazil Power and Distribution Transformers Market Forecast and Opportunities, 2019”, the country’s power and distribution transformers market is projected to witness a CAGR of over 5% during 2014-19. Major factors driving growth in the market include rising power generation, increasing transmission and distribution requirements across industrial as well as residential segments, and growing population in the country. In addition, the upcoming global sporting events including FIFA World Cup-2014 and Olympic Games-2016 that are being hosted in Brazil are significantly boosting the demand for reliable power supply, and hence, augmenting the power and distribution transformers market in the country.
In the coming years, the country is expected to meet majority of its power demand through hydro power and wind power projects. The existing as well as upcoming projects would create significant demand for new power and distribution transformers. Also, grid reinforcement and rapid expansion of Transmission & Distribution (T&D) network would require new transformers to be installed across the country. Aging T&D infrastructure including old distribution transformers are associated with high power losses, due to which, the demand for retrofit solutions is expected to increase over the coming years. The report also reveals that in industrial applications, customized and specialty transformers are playing an essential role in addressing the rising power and distribution requirements. Presently, Siemens Ltda., ABB Ltda., Alstom Hydro Energia Brasil Ltda., Comtrafo S.A. and Weg S.A. are the leading transformer manufacturers in Brazil.
“In Brazil, the upcoming global sporting events would require power utilities to ensure a continuous power supply during the events. This calls for strengthening the existing power infrastructure and expanding it further to support the rising power requirements. In addition, major transformer manufacturing companies are expanding their product portfolio by offering green transformers to reduce carbon dioxide emissions, which would also augment the overall market demand over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Brazil Power and Distribution Transformers Market Forecast and Opportunities, 2019” has analyzed the potential of Brazil’s power and distribution transformers market and provides statistics and information on market size, shares and trends. The report would suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges that exist in the power and distribution transformers market in Brazil.
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