Propelled by Escalating Demand for Electricity, Brazil Circuit Breakers Market to Reach Us$645.9 Mn by 2021

According to a new market report published by Transparency Market Research “Circuit Breakers Market - Brazil Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, 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.

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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....