Market Size of Brazil Wind Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 9.57 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Wind Energy Market Analysis
The Brazil Wind Energy Market size is expected to grow from 28.62 gigawatt in 2023 to 45.20 gigawatt by 2028, registering a CAGR of 9.57% during the forecast period.
- Over the medium term, factors such as rising electricity demand and renewable capacity installation targets set by the government, are expected to drive the wind energy market in the country.
- On the other hand, the rising adoption of alternative clean energy sources, such as solar photovoltaics (PV), is anticipated to restrain the market's growth.
- Nevertheless, the growing regulation and incentive schemes by the government of Brazil are likely to create lucrative growth opportunities for the market during the forecast period.
