Brazil's booming smart grid renewables integration market
Brazil's high-voltage transformers market will be booming as a result of the 2014 FIFA World Cup and the 2016 Olympic Games both giving a boost to the country's economy, according to research from Frost & Sullivan.
The research finds that the market earned revenues of more than $1.06 billion in 2011 and estimates it will reach $1.17 billion in 2016.
Sustainable demand for organic energy and the consequent expansion of generation capacity for wind and hydro power have made the high-voltage power transformers market more investment-friendly.
"Major transmission and distribution grid reinforcements will further improve the market's prospects over the next five years, although at a slow pace," said Frost & Sullivan Business Unit Leader Juliana Passadore. "The requirement from industrial and power distribution segments will rise marginally, in line with the country's GDP."