 |
Circuit breakers are electric switches that protect an electrical
circuit or electrical distribution systems from damage caused by
overload, abnormal voltage fluctuation or short circuit. These
devices are used to detect malfunction and interruption in current
flow. Manufacturers of circuit breakers are significantly investing
in research and development activities for innovation in latest
technologies.
Complete Market Description of Circuit Breakers in Brazil @
http://is.gd/8GpgD2
The Brazil Circuit Breakers Market in terms of revenue was valued at
US$437.8 mn in 2014 and is expected to reach US$645.9 mn by 2021, at
a CAGR of 6.3% through the forecast period. By volume, the market
accounted for 190.3 hundred units in 2014 and is expected to reach
241.1 hundred units in 2021, growing at a CAGR of 4.1% throughout the
forecast period from 2015 to 2021.
Increasing demand for electricity, reliable power delivery and rapid
growth of construction and industrial sectors are some of the major
factors fueling the growth of circuit breakers market in Brazil.
Demand for electricity has been significantly high due to several
factors such as technological advancements, economic growth, and
increase in population in the past few decades. New upgrades and
installed capacities in power infrastructure are required to meet
rise in demand for electricity. Rising demand for protection of
electrical distribution systems installed in industrial and
residential construction projects is expected to boost circuit
breakers market in Brazil during the forecast period from 2015 to
2021. With increase in foreign direct investment (FDI) and
cross-border lending, Brazil has been linked more closely to global
capital markets as compared to other networks. It ranks seventh among
all countries in attracting FDI, with an annual average of
approximately US$57 billion in inflows from 2008 to 2012. There has
been rapid investment in commodity sectors such as oil and mining
along with manufacturing sector for Brazil’s domestic market. FDI
has brought state of the art technologies, quality assurance and best
practices developed in other countries.
Air Circuit Breakers to Dominate Circuit Breakers Market in Brazil
Air circuit breakers are in the leading position in the circuit
breakers market of Brazil as of 2014. This segment is expected to
continue its dominance as the demand for air as a medium of
insulation in low-voltage circuit breakers and switchgears will
remain high. Furthermore, air circuit breakers are also a preferred
option in the residential construction sector, which is a burgeoning
industry in Brazil. Air circuit breakers are mainly used for
protecting electrical machinery such as capacitors, generators,
motors, and transformers.
The power generation sector acquired the largest share in the Brazil
market in terms of revenue in 2014 and accounted for more than 35% of
the market share. Consumption of energy is estimated to increase
steadily. Numerous initiatives have been taken by governments in a
bid to safeguard the environment. Moreover, efficient and smart power
generation is needed to address the demand for electricity in the
near future. As power generation increases, the market for protection
devices such as circuit breakers is likely to grow. New power plants
are anticipated to be built as demand for electricity continues to
increase and this is likely to drive the circuit breakers market
further.
Some of the leading players in the circuit breakers market are
General Electric (U.S.), ABB Ltd. (Switzerland), Pennsylvania
Breaker, LLC (U.S.), Schneider Electric SE (France), Alstom S.A.
(France), G&W Electric Company (U.S.), Eaton Corporation
(Ireland), Toshiba Corporation (Japan), Mitsubishi Electric (Japan),
Siemens AG (Germany), Maxwell Technologies (U.S.) and WEG S.A.
(Brazil).
Download the Brochure @ http://bit.ly/1TsKmpt
No comments:
Post a Comment