Brazil Circuit Breakers Market: Key Insights
Robust infrastructural development and the rising demand for energy derived from solar power augur well for circuit breakers sales across Brazil. As per Transparency Market Research (TMR), the Brazil circuit breakers market is poised to surge at a positive CAGR of 6.3% between 2015 and 2021. Favorable policies encouraging rising spending in residential, public, and commercial construction fuel will considerably boost sales of circuit breakers across Brazil.
Contrary to this, the rising availability of counterfeit products will limit the scope of circuit breakers sales, despite the prevalence of lucrative opportunities in the country. Nevertheless, TMR forecasts, the growth run of the market to continue as demand for smart technologies rise in Brazil.
As per TMR, the Brazil circuit breakers market was valued at US$437.8 mn in 2014. The market is projected to reach US$645.9 mn by the end of 2021. By volume the market is expected to rise from 190.3 hundred units in 2014 to 241.1 hundred units in 2021, exhibiting 4.1% CAGR during the forecast period.
Urbanization in Brazil to Fuel Demand for Circuit Breakers from the Construction Sector
Based on application, the Brazil circuit breakers market constitutes automotive, construction, oil and gas, industrial, power generation, and other sectors. Of these, the power generation industry emerged dominant in the market in 2014. The segment held over 37.1% of the market in the year. The increasing installation of smart grids across Brazil is expected to seal the dominance of the power generation industry in the market. As per TMR, the power generation segment stood at US$162.4 mn in 2014. Rising at a CAGR of 6.9%, it is expected to reach US$248.1 mn by the end of 2021.
The circuit breakers market in Brazil will significantly gain from the rising demand from the oil and gas industry. It is expected to emerge as the second-largest application segment in the market exhibiting a CAGR of 6.6% during the forecast period. The rising construction activities in Brazil is also projected to boost the sales of circuit breakers. Brazil being a developing economy, considerable focus is given on planning the country’s urbanization. The consumption of electricity is thus likely to surge exponentially, fuelling demand for circuit breakers in response.
Besides this, the use of circuit breakers is also expected to increase in the automotive sector and other industrial purposes. In the automotive sector, the rising demand for electric and smart vehicles will fuel demand for circuit breakers.
Demand for Air Circuit Breakers to Rise due to their Economical Pricing
Based on arc quenching media, air circuit breakers emerged as the largest contributor to the Brazil circuit breakers market. It held a share of over 54.6% in the market in 2014. Accounting for around 24.1% of the market, the SF6 circuit breakers emerged as the second-largest segment in the same year. The increasing use of air circuit breakers to protect electrical machines such as capacitors, generators, motors, and transformers fuels their sales across Brazil. Their demand is likely to surge further in the forthcoming years, as air circuit breakers are available at a comparatively economical price.
By revenue, TMR pegs the air circuit breakers segment in the Brazil circuit breakers market at US$239.0 mn in 2014. Rising at a CAGR of 6.0%, the segment is projected to reach US$348.1 mn by the end of 2021.
With a share of around 9%, vacuum circuit breakers constituted the second-largest segment in the market in 2014. This type of switchgear are used in low voltage and medium voltage applications. Their demand is expected to increase significantly in the forthcoming years due to their environmental friendliness.
Some of the prominent companies operating in the Brazil circuit breakers market include General Electric (U.S.), Schneider Electric SE (France), Toshiba Corporation (Japan), Eaton Corporation (Ireland), Mitsubishi Electric (Japan), Maxwell Technologies (U.S.), Siemens AG (Germany), and others.
Brazil Circuit Breakers Market to Gain Significant Impetus Owing to Increasing Need for Smooth Flowing Power Services
A circuit breaker works by electromagnetism, invigorated by the force of the circuit. At the point when the current of the circuit gets to a specific level, it "trips" the breaker, making it switch back and break the circuit, detaching the force. Strong infrastructural improvement and the rising interest for energy got from sun based force foreshadow well for circuit breakers deals across Brazil. Great arrangements empowering rising spending in private, public, and business development fuel will impressively support deals of circuit breakers across Brazil.
Vigorous infrastructural improvement has been witnessed in Brazil since the most recent couple of years. It likewise flaunts a blossoming development industry. To pace up their advancement endeavors, policymakers in Brazil have been proactively spending on different private, public, and business development projects. Other than this, execution of positive guidelines has decreased intricacies in regards to project financing, which along these lines urged private players to wander in the country's development area.
With the bolstering rate of development of arising nations in a decade ago joined with rising populace the interest for power is set to develop altogether over the course of the two or three years. Also, this moderate development will misrepresent the force interest by the greater part of its current limit in not so distant future. Significant driver in worldwide circuit breaker market is developing development exercises and altogether rising interest for power which has pushed the interest for circuit breakers which are broadly utilized in each industry from food and refreshment to steel, cars, drugs and synthetic substances. Energy and private are the significant end clients for the circuit breakers which is probably going to drive tremendous growth opportunities in the years to come.
Chapter 1 Preface
1.1 Report description and scope
1.1.1 Market definition and scope
1.1.2 Exchange Rate Assumption
1.1.3 Market segmentation
1.2 Research methodology
1.2.1 Key data points from secondary sources
1.2.2 Key data points from primary sources
1.2.3 Models
1.3 Specific Sources Used to Compile the Data for 2014
1.3.1 Primary sources
1.3.2 Secondary sources
Chapter 2 Executive Summary
Chapter 3 Brazil Circuit Breakers Market Analysis
3.1 Introduction
3.2 Key Trends Analysis
3.3 Market Drivers
3.3.1 Growth of industrial and construction sector
3.3.2 Increasing demand for electricity and reliable power delivery
3.4 Market Restraints
3.4.1 Counterfeits of circuit breakers and its components
3.4.2 Economic slowdown
3.5 Market Opportunities
3.5.1 Demand from solar energy, electric vehicles, and smart meters
3.6 Brazil Circuit breakers Market: Market Attractiveness Analysis
3.7 Brazil Circuit breakers Market: Company Market Share Analysis
Chapter 4 Brazil Circuit Breakers Market, by Voltage Level of Installation
4.1 Overview
4.1.1 Brazil Circuit Breakers Market Revenue Share, by Voltage Level of Installation, 2014 and 2021 (%)
4.1.2 Brazil Circuit Breakers Market Volume Share, by Voltage Level of Installation, 2014 and 2021 (%)
4.2 Low voltage circuit breakers
4.2.1 Low Voltage Circuit Breakers Market Revenue, Volume and Forecast, 2014 – 2021 (USD Million and Hundred Units)
4.3 Medium voltage circuit breakers
4.3.1 Medium Voltage Circuit Breakers Market Revenue, Volume and Forecast, 2014 – 2021 (USD Million and Hundred Units)
4.4 High voltage circuit breakers
4.4.1 High Voltage Circuit Breakers Market Revenue, Volume and Forecast, 2014 – 2021 (USD Million and Hundred Units)
Chapter 5 Brazil Circuit Breakers Market, by Arc Quenching Media
5.1 Overview
5.1.1 Brazil Circuit Breakers Market Revenue Share, by Arc Quenching Media, 2014 and 2021 (%)
5.1.2 Brazil Circuit Breakers Market Volume Share, by Arc Quenching Media, 2014 and 2021 (%)
5.2 Air circuit breakers
5.2.1 Brazil Air Circuit Breakers Market Revenue, Volume and Forecast, 2014 – 2021 (USD Million and Hundred Units)
5.3 Vacuum circuit breakers
5.3.1 Brazil Vacuum Circuit Breakers Market Size and Forecast, 2014 - 2021 (USD Million and Hundred Units)
5.4 SF6 circuit breakers
5.4.1 Brazil SF6 Circuit Breakers Market Revenue, Volume and Forecast, 2014 – 2021 (USD Million and Hundred Units)
5.5 Other media circuit breakers (CO2, DCB, and Oil)
5.5.1 Brazil Other Media Circuit Breakers (CO2, DCB, and Oil) Market Revenue, Volume and Forecast, 2014 – 2021 (USD Million and Hundred Units)
Chapter 6 Brazil Circuit Breakers Market, by Application
6.1 Overview
6.1.1 Brazil Circuit Breakers Market Revenue Share, by Application, 2014 and 2021 (%)
6.2 Construction
6.2.1 Brazil Construction Sector Market Revenue and Forecast, 2014 - 2021 (USD Million)
6.3 Automotive
6.3.1 Brazil Automotive Sector Market Revenue and Forecast, 2014 - 2021 (USD Million)
6.4 Industrial
6.4.1 Brazil Industrial Sector Market Revenue and Forecast, 2014 - 2021 (USD Million)
6.5 Oil and Gas
6.5.1 Brazil Oil and Gas Market Revenue and Forecast, 2014 - 2021 (USD Million)
6.6 Power generation
6.6.1 Brazil Power Generation Market Revenue and Forecast, 2014 - 2021 (USD Million)
6.6.1.1 Brazil Circuit Breakers Market (Used in Power Sector) Revenue Share, by Voltage Level, 2014 and 2021 (%)
6.6.1.2 Brazil Circuit Breakers Market (Used in Power Sector) Revenue and Forecast, by Voltage level, 2014 and 2021 (USD Million)
6.7 Others (Healthcare, Mining and Food & Beverages)
6.7.1 Brazil Other Sectors Market Revenue and Forecast, 2014 - 2021 (USD Million)
Chapter 7 Company Profiles
7.1 ABB Ltd
7.2 Alstom SA
7.3 Eaton Corporation
7.4 G&W Electric Company
7.5 General Electric
7.6 Siemens AG
7.7 Schneider Electric SA
7.8 Toshiba Corporation
7.9 Mitsubishi Electrics
7.10 Pennsylvania Breaker, LLC.
7.11 Maxwell Technologies
7.12 WEG S.A.
List of Tables
TABLE 1 Brazil Circuit Breakers Market Snapshot
TABLE 2 Drivers for Circuit Breakers Market
TABLE 3 Restraints for Circuit Breakers Market
TABLE 4 Brazil Circuit Breakers Market (Used in Power Sector) Revenue and Forecast, by Voltage level, 2014 and 2021 (USD Million
List of Figures
FIG. 1 Market Segmentation: Brazil Circuit Breakers Market
FIG. 2 Market Attractiveness Analysis, by Application, 2014
FIG. 3 Market Share of Key Vendors in Circuit breakers Market, 2014 (Value %)
FIG. 4 Brazil Circuit breakers Market Revenue Share, by Voltage Level of Installation, 2014 and 2021 (%)
FIG. 5 Brazil Circuit breakers Market Volume Share, by Voltage Level of Installation, 2014 and 2021 (%)
FIG. 6 Low Voltage Circuit Breakers Market Revenue, Volume and Forecast, 2014 – 2021 (USD Million and Hundred Units)
FIG. 7 Medium Voltage Circuit Breakers Market Revenue, Volume and Forecast, 2014 – 2021 (USD Million and Hundred Units)
FIG. 8 High Voltage Circuit Breakers Market Revenue, Volume and Forecast, 2014 – 2021 (USD Million and Hundred Units)
FIG. 9 Brazil Circuit breakers Market Revenue Share, by Arc Quenching Media, 2014 and 2021 (%)
FIG. 10 Brazil Circuit breakers Market Volume Share, by Arc Quenching Media, 2014 and 2021 (%)
FIG. 11 Brazil Air Circuit Breakers Market Revenue, Volume and Forecast, 2014 - 2021 (USD Million and Hundred Units)
FIG. 12 Brazil Vacuum Circuit Breakers Market Size and Forecast, 2014 - 2021 (USD Million and Hundred Units)
FIG. 13 Brazil SF6 Circuit Breakers Market Revenue, Volume and Forecast, 2014 – 2021 (USD Million and Hundred Units)
FIG. 14 Brazil Other Media Circuit Breakers (CO2, DCB, and Oil) Market Revenue, Volume and Forecast, 2014 – 2021 (USD Million and Hundred Units)
FIG. 15 Brazil Circuit Breakers Market Revenue Share, by Application, 2014 and 2021 (%)
FIG. 16 Brazil Construction Sector Market Revenue and Forecast, 2014 - 2021 (USD Million)
FIG. 17 Brazil Automotive Sector Market Revenue and Forecast, 2014 - 2021 (USD Million)
FIG. 18 Brazil Industrial Sector Market Revenue and Forecast, 2014 - 2021 (USD Million)
FIG. 19 Brazil Oil and Gas Market Revenue and Forecast, 2014 - 2021 (USD Million)
FIG. 20 Brazil Power Generation Market Revenue and Forecast, 2014 - 2021 (USD Million)
FIG. 21 Brazil Circuit Breakers Market (Used in Power Sector) Revenue Share, by Voltage level, 2014 and 2021
FIG. 22 Brazil Other Sectors Market Revenue and Forecast, 2014 - 2021 (USD Million)
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