Market Trends of Brazil Facility Management Industry
This section covers the major market trends shaping the Brazil Facility Management Market according to our research experts:
Increased Focus on Energy Management and Services
- The energy management systems in Brazil are gaining momentum as the energy demand is rising in the country. Although conventional energy sources dominate a significant chunk of the market, the shares of renewable energy sources like solar, wind, and tidal have increased steadily.
- Tourism and commercial buildings have resulted in the growth of energy management systems in the country as these buildings aim to cut energy costs which form a major chunk of their operational costs.
- The demand for energy management and related services is on the rise for the systematic integration of sustainable energy sources to achieve energy efficiency, fueling the growth of energy management facility services in the country.
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Commercial End User is Expected to Hold a Significant Market Share
- The government's commercial projects in the country focus on the construction of smart cities and the implementation of advanced automation technologies are expected to propel the demand for the Brazil facility management market throughout the forecast period.
- In addition, ongoing infrastructure development activities, a rising real estate sector, and a surge in demand for energy-efficient green buildings are expected to add growth to Brazil's facility management market's demand in the coming years.
- Moreover, the rise in foreign direct investments for infrastructure developments and the growing construction of commercial buildings creates enormous market growth opportunities in the country. For instance, according to the United Nations Conference on Trade and Development (UNCTAD) report, Brazil's infrastructure sector received a 53% increase in financing proposals in 2021 alone. Furthermore, the increasing FDI investments and new opportunities from infrastructural projects across the country are further anticipated to propel the market demand in Brazil.
