Market Size of Brazil Power Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 238.97 gigawatt |
| Market Volume (2029) | 336.10 gigawatt |
| CAGR (2024 - 2029) | 7.06 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Power Market Analysis
The Brazil Power Market size is estimated at 238.97 gigawatt in 2024, and is expected to reach 336.10 gigawatt by 2029, growing at a CAGR of 7.06% during the forecast period (2024-2029).
In 2020, COVID-19 had a detrimental effect on the market. Presently, the market has reached pre-pandemic levels.
- Over the long term, factors such as the increasing demand for clean and low-carbon power sources and favorable government policies are expected to drive the power market in Brazil.
- However, the long delays in the construction of power transmission projects due to logistical, environmental, and social challenges are likely to hamper the market during the forecast period.
- Nevertheless, Brazil has a strong future for coupling large-scale solar and wind power as hybrid power plants. In 2021, the Brazilian energy regulator, ANEEL, approved a new regulation for the operation of hybrid power plants. This, in turn, is expected to provide ample opportunity for Brazil's power market in the coming future.
- The country has many ambitious renewable energy projects lined up. With enormous solar, wind, and hydro energy potential, the country is ready to leap into the renewable market. Moreover, the government regulates policies to attract foreign investment in renewable power plants. This, in turn, is expected to drive the Brazilian power market during the forecast period.
