openPR Logo
Press release

Circuit Breakers Market : Demand for Circuit Breakers to Surge Exponentially in Brazil

Circuit Breakers Market : Demand for Circuit Breakers to Surge

The Brazil circuit breakers market exhibits a fairly consolidated vendor landscape. As per Transparency Market Research (TMR), the top five companies operating in the market comprising ABB Ltd, Siemens, GE Co., Schneider Electric SE, and WEG S.A. held over 59.4% of the market in 2014.

Product innovation has emerged as the key strategy for enterprises to enjoy a stronghold in the Brazil circuit breakers market. These companies have been considerably investing in industry-leading technologies and research and development to emerge as the dominant market player. Many companies are also expanding their businesses across the country through mergers and acquisitions. GE Co. held a sizeable share of 16.3% in the market in 2014.

Browse The Report: http://www.transparencymarketresearch.com/brazil-circuit-breakers-market.html

The Brazil circuit breakers market exhibits a fairly consolidated vendor landscape. As per Transparency Market Research (TMR), the top five companies operating in the market comprising ABB Ltd, Siemens, GE Co., Schneider Electric SE, and WEG S.A. held over 59.4% of the market in 2014.

Product innovation has emerged as the key strategy for enterprises to enjoy a stronghold in the Brazil circuit breakers market. These companies have been considerably investing in industry-leading technologies and research and development to emerge as the dominant market player. Many companies are also expanding their businesses across the country through mergers and acquisitions. GE Co. held a sizeable share of 16.3% in the market in 2014.

Circuit Breakers Market in Brazil to Gain from Positive Investor Sentiment in Infrastructure Sector

Brazil has been exhibiting robust infrastructural development since the last few years. It also boasts a blooming construction industry. In order to pace up their development efforts, policymakers in Brazil have been proactively spending on various residential, public, and commercial construction projects. Besides this, implementation of favorable regulations has reduced complexities regarding project financing, which subsequently encouraged private players to venture in the country’s construction sector. Driven by these factors, TMR expects the demand for circuit breakers to rise in Brazil in response to the increasing spending on infrastructural development.

Alongside infrastructural development, demand for electricity is also projected to rise in Brazil. Economic growth and increase in population have thus emerged as key factors that are likely to fuel demand for electricity in the country. As per a TMR analyst, “Upgrades in existing network infrastructure and expansion of installed capacities will boost deployment of circuit breakers at different voltage levels to ensure uninterrupted power supply across the country. Hence, the demand for efficient electricity distribution will fuel the sales of circuit breakers in Brazil.”

Availability of Counterfeit Products Limits Sales of Circuit Breakers

On the flip side, rampant copying of patented products is limiting the sales of circuit breakers. Counterfeit switchgear is easily available in Brazil, which has a considerable negative impact on the sales opportunities for original product manufacturers. These counterfeit products are of poor quality and less reliable. Their presence in the market is a major challenge that original product manufacturers need to address in order to enjoy sustainable growth. Brazil’s vulnerability to economic slowdown also adversely influences the market’s trajectory.

Demand for Smart Technologies to Boost Installation of Circuit Breakers across Brazil

Nevertheless, the country has been exhibiting rising demand for electric vehicles, energy derived from solar power, and smart meters. None of these technologies can function with quality circuit breakers that would protect them from overheating. Thus, TMR forecasts impressive growth for the circuit breakers market in the near future, as demand for the latest technologies rise in Brazil. Furthermore, the increasing adoption of smart grid technologies will also provide leading players with lucrative opportunities in the near future.

Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7799

Based on application, TMR expects the power generation segment to exhibit the highest demand for circuit breakers in Brazil. It is expected to surge at 6.9% CAGR during the forecast period. The oil and gas industry is projected to emerge as the second-largest application segment in 2014. By arc quenching media, demand for air circuit breakers is expected to be the highest. The segment held over 54.6% of circuit breakers market in 2014.

The Brazil circuit breakers market stood at US$437.8 mn in 2014 and is expected to reach US$645.9 mn by the end of 2021. If these valuations hold true, the Brazil circuit breakers market will exhibit a positive CAGR of 6.3% from 2015 to 2021.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Circuit Breakers Market : Demand for Circuit Breakers to Surge Exponentially in Brazil here

News-ID: 712600 • Views: 426

More Releases from Transparency Market Research

Digital BSS Market is Projected to Exhibit Growth at 11.9% CAGR by 2031- TMR Stu …
The global Digital BSS market is estimated to attain a valuation of US$ 9.6 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 11.9% during the forecast period, 2021-2031. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of
GCC Condiment Sauces (for Hospitality Sector) Market Size is Expected to Be Valu …
The global GCC Condiment Sauces (for Hospitality Sector) market is estimated to attain a valuation of US$ 35.4 Bn by the end of 2032, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.8% during the forecast period, 2022-2032. The key objective of the TMR report is to offer a complete assessment of the global market including
Industrial Artificial Intelligence (AI) Market is Booming at A Cagr Of 20.6% to …
The global Industrial Artificial Intelligence [AI] market is estimated to attain a valuation of US$ 2.2 Trn Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 20.6% during the forecast period, 2022-2031. The key objective of the TMR report is to offer a complete assessment of the global market including major
Sales of North America Potato Protein Market is Forecast to Expand at A CAGR of …
The global North America Potato Protein market is estimated to attain a valuation of US$ 41.0 Bn by the end of 2032, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 5.7% during the forecast period, 2022-2032. The key objective of the TMR report is to offer a complete assessment of the global market including major leading

All 5 Releases


More Releases for Brazil

ATM Machine Market is Booming (18% CAGR)| NCR Brazil, Diebold Brazil, Wincor Nix …
HTF MI recently introduced ATM Machine Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Itautec S/A, NCR Brazil, Diebold Brazil, Wincor Nixdorf Brazil,
Brazil: Country Intelligence Report 2018 By Claro, Sky Brazil, Oi, Vivo, TIM Bra …
"Brazil: Country Intelligence Report", by GlobalData provides an executive-level overview of the telecommunications market in Brazil today, with detailed forecasts of key indicators up to 2021. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, and mobile, as well as a review of key regulatory trends.
Wine in Brazil
Latest Report on Wine in Brazil Similar to other alcoholic drinks, wine saw a total volume decline in 2016, with sales falling by 3%. Although this decline was slower than that seen in the previous year, of 4%, it is clear that the negative economic situation continued to affect consumers’ demand for wine. Since it is perceived by many as a non-essential product, other products and types of alcoholic drinks seemed
Brazil Juice Industry
Brazil Juice Industry Juice in Brazil was directly affected by the unstable economic situation and consumers’ shrinking disposable incomes. After registering a series of double-digit growth rates in off-trade volume terms earlier in the review period, the category registered a flat performance in 2015 and grew by just 2% in 2016. The two most important categories within juice in off-trade volume terms, nectars and juice drinks (up to 24% juice), faced
Brazil: Country Intelligence Report
Brazil: Country Intelligence Report Summary "Brazil: Country Intelligence Report", by GlobalData provides an executive-level overview of the telecommunications market in Brazil today, with detailed forecasts of key indicators up to 2021. Published annually, the report provides the detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, and mobile, as well as a review of key regulatory trends. SAMPLE REPORT: https://www.reportsandmarkets.com/sample-request/brazil-country-intelligence-report-1613311 GlobalData
Packaged Water in Brazil
ReportsWorldwide has announced the addition of a new report title Packaged Water in Brazil to its growing collection of premium market research reports. Packaged Water in Brazil industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource