London, 15 December 2014 – The Smart Grid Equipment Market in Brazil is expected to gain support from regulatory authorities and post a CAGR of 21.17 percent from 2014-2019, says research firm TechNavio.
With power consumption in Brazil set to double by the end of this decade, enhancing the country’s monitoring and measuring capabilities is becoming a priority. The Smart Grid Equipment Market is taking rapid strides in towards boosting efforts to curb power losses in the country.
About the Report
“The interest shown by regulatory authorities in installing smart grid equipment, especially smart meters, is the most important driver for the growth of the Smart Grid Equipment Market in Brazil,” says Faisal Ghaus, Vice President of TechNavio.
“Increased investments in smart grid technology are directly proportional to the growing Brazilian economy, thus stimulating growth and investment in smart grid equipment and technology,” says Ghaus.
Additionally, renewable energy is set to play a key role in fulfilling Brazil’s future power needs, and is expected to propel further demand for Smart Grid Equipment’s in Brazil.
In the future, an increase in investments in clean and renewable power generation will bolster the market.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Need to Reduce Technical and Commercial Losses
- For a full detailed list, view our report.
Market Challenges:
- Cost of Equipment
- For a full detailed list, view our report.
Market Trends:
- Increased Support from Regulatory Authorities
- For a full detailed list, view our report.
Key Vendors:
- ABB Ltd.
- Echelon Corp.
- Itron Inc.
- Landis+Gyr
- Silver Spring Networks
Other Prominent Vendors:
- Aclara
- Arbiter Systems
- Elster
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
