Smart Grid Equipment Market in Brazil 2015-2019
Smart Grid is the integration and implementation of communication, automation and IT systems with the traditional electrical grid with the ability to monitor and control power flows from points of generation to consumption and manage the load to match generation in real-time or near real-time. Smart grid increases the predictability, visibility and control of generation and demand, bringing flexibility to the whole system. This facilitates the integration of intermittent energy from renewable generation and peak load management, which helps reduce the costs of peak power. The transformation of electrical grids to smarter grids depends on various smart grid equipment.
Smart Grid Equipment market in Brazil to grow at a CAGR of 21.17 percent over the period 2014-2019.
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,”
Covered in this Report
The Smart Grid Equipment market in Brazil can be segmented on the basis of equipment type: Smart Meters, Software and Hardware, Smart T&D Equipment, Communication and Wireless Network Infrastructure, and Sensors.
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Smart Grid Equipment market in Brazil 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Smart Grid Equipment market in Brazil forecast and its growth prospects in the coming years. The report also includes the segmentation of the Smart Grid Equipment market in Brazil on the basis of equipment type. The report also includes a discussion of the key vendors operating in this market.
“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,”
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.