According to a recent market research report published by Transparency Market Research, the Brazil circuit breakers market is estimated to expand at a CAGR of 4.1% during the period between 2015 and 2021. The report, titled “Circuit Breakers Market - Brazil Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” projects the circuit breakers market in Brazil to reach 241.1 hundred units by 2021. The overall market was valued at US$437.8 mn in 2014 and is anticipated to be worth US$645.9 mn by 2021.
Browse the full Circuit Breakers Market - Voltage Level: (Low Voltage, Medium Voltage and High Voltage); Arc Quenching Media: (Air, Vacuum and SF6); Applications: (Construction, Automotive, Industrial, Oil & Gas and Power Generation) - Brazil Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 report at http://www.transparencymarketresearch.com/brazil-circuit-breakers-market.html
Circuit breakers refer to electric switches that protect an electrical distribution system or electrical circuit from damage caused due to abnormal voltage fluctuation, short circuit, or overload. These devices are extensively used to detect interruption in current flow and malfunction across various industries such as oil and gas, healthcare, mining, food and beverages, and automotive.
The report states that the growth of the industrial and construction sectors in Brazil has propelled the growth of the circuit breakers market in the region. The growing demand for electricity and reliable power delivery is expected to further augment the growth of the Brazil circuit breakers market during the forecast period. However, economic slowdown in the country, coupled with the availability of counterfeit circuit breakers, might restrict the market growth. The overall market has a huge opportunity to grow with the increasing demand for solar energy, smart meters, and electric vehicles.
On the basis of voltage level, the report segments the Brazil circuit breakers market into low voltage, medium voltage, and high voltage. In terms of both volume and revenue, the low voltage circuit breakers segment led the market in 2014, accounting for over 75% and 48% respectively. Low voltage circuit breakers are usually implemented across commercial, domestic, and industrial applications. With the growing demand for protection of low voltage electrical distribution systems, the segment is expected to register a significant growth during the forecast period.
According to arc quenching media, the Brazil circuit breakers market has been segmented into vacuum, air, SF6, and others. The air circuit breakers segment dominated the overall market in 2014 and is expected to remain the market leader during the forecast horizon.
In terms of applications, the report segments the Brazil circuit breakers market into automotive, construction, industrial, power generation, oil and gas, and others. In 2014, in terms of revenue, the power generation sector dominated the overall market with over 35% share. Owing to the increased consumption of energy in the country, new power plants are being built. As a result, the demand for circuit breakers is expected to surge during the forecast period.
Describing the competitive landscape, the report profiles some of the key players in the Brazil circuit breakers market such as ABB Ltd. (Switzerland), General Electric (U.S.), Pennsylvania Breaker LLC (U.S.), Alstom S.A. (France), Schneider Electric SE (France), G&W Electric Company (U.S.), Toshiba Corporation (Japan), Eaton Corporation (Ireland), Mitsubishi Electric (Japan), Maxwell Technologies (U.S.), Siemens AG (Germany), and WEG S.A. (Brazil). The report further provides detailed information about the key players including their business overview, financial overview, and recent developments.
Brazil circuit breakers market has been segmented as:
Brazil Circuit Breakers Market by Voltage Level
- Low Voltage
- Medium Voltage
- High Voltage
Brazil Circuit Breakers Market by Arc Quenching Media
Brazil Circuit Breakers Market by Application
- Oil and Gas
- Power Generation
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