Brazil News- Electricity Requirement Increasing the Demand of Circuit Breakers
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