 |
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.
Gratuitos
Sample PDF:
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.
In
order to support industrialization, Brazil and other emerging
countries are opting high voltage power transmission. In order to
ensure safety and reliability of high voltage power transmission,
urgency of high voltage circuit breakers deployment has been realized
in these countries. Smart circuit breakers are the latest technology
in the circuit breakers market. Numerous companies are planning to
develop next-generation smart circuit breakers that can detect any
kind of malfunction in the wiring. Smart circuit breakers have a
microprocessor wire that can detect any type of malfunction within
the device. These diagnostic boards are able to locate and predict
potentially catastrophic arcing in wire bundles before a short
circuit occurs. In other words, these are akin to a miniature
computer in the circuit breaker.
The
Brazilian circuit breakers market by voltage level has been segmented
broadly into: low voltage, medium voltage and high voltage. Low
voltage circuit breakers had the largest share in the market in 2014
and accounted for more than 48% and 75%, in terms of revenue and
volume respectively. Low voltage circuit breakers are generally used
in industrial, commercial, and domestic applications. Low voltage
circuit breakers are preferred in residential and commercial
construction sector due to safety issues, low cost installation and
flexibility in usage. Considering the rising demand for protection of
low voltage electrical distribution systems, demand for low voltage
circuit breakers is expected to increase in Brazil during the
forecast period.
In
terms of arc quenching media, the Brazilian market for circuit
breakers is further bifurcated into four segments, namely: air,
vacuum, SF6 and others. Both in terms of revenue and volume, air
circuit breakers held the largest share in 2014 and are expected to
remain the market leader throughout the forecast period. The market
for air circuit breakers is estimated to grow since they are
economical as compared to other circuit breakers. Besides, the
installation of air circuit breakers is less complicated in nature.
The
Brazilian circuit breakers market by applications has been classified
largely into six segments: construction, automotive, industrial, oil
and gas, power generation and others. 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).
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.Sudip
S
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
Email:
sales@transparencymarketresearch.com
No comments:
Post a Comment