Market Size of Brazil Power EPC Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 7.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Power EPC Market Analysis
The Brazilian power EPC market is expected to register significant growth, with a CAGR greater than 7.5% during the forecast period.
The market was negatively impacted by COVID-19. Presently, the market has reached pre-pandemic levels.
- Over the long term, high investments in new projects and supportive government policies are likely to drive the Brazilian power EPC market during the forecast period.
- On the other hand, geopolitical tensions and high fiscal deficit with a high inflation rate are expected to negatively impact Brazil's power EPC market in the short term.
- Nevertheless, with the Renewable Target of 2030, Brazil aims to achieve a renewable capacity exceeding 60.8 GW. The government has also approved various projects, majorly solar and wind power plant projects, which may provide ample opportunities to the Brazilian power EPC market in the coming years.
