Market Size of Brazil Power Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| 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.
Brazil Power Industry Segmentation
The Brazil power market includes cumulative power generation installed capacity from thermal, hydroelectric, nuclear, and renewable energy sources.
The Brazilian power market is segmented by power generation (thermal, hydropower, nuclear, and non-hydro renewables) and power transmission and distribution (T&D). For each segment, the market sizing and forecasts have been done based on installed capacity in GW.
| Power Generation | |
| Thermal | |
| Hydropower | |
| Nuclear | |
| Non-hydro Renewables |
Brazil Power Market Size Summary
The Brazilian power market is poised for significant growth, driven by an increasing demand for clean and low-carbon energy sources, alongside supportive government policies. The market is recovering from the setbacks caused by the COVID-19 pandemic and is now operating at pre-pandemic levels. Brazil's energy landscape is characterized by its vast potential in solar, wind, and hydro energy, with the government actively promoting renewable energy projects to attract foreign investment. The approval of regulations for hybrid power plants by the Brazilian energy regulator, ANEEL, is expected to create substantial opportunities in the market. Despite challenges such as delays in power transmission projects due to logistical and environmental issues, the country's commitment to renewable energy development remains strong.
Hydropower continues to dominate Brazil's energy matrix, benefiting from the country's extensive hydroelectric potential, which helps maintain low electricity tariffs. While large-scale hydropower growth may be limited, small hydropower projects are anticipated to increase, offering environmentally friendly and cost-effective solutions. The government has set ambitious targets for hydropower capacity, with ongoing upgrades to existing plants to enhance efficiency. Meanwhile, solar and wind energy sectors are rapidly expanding, supported by favorable regulations and significant investments. The Brazilian power market is moderately fragmented, with key players like Norte Energia SA and Enel Brasil driving developments. Collaborative efforts, such as those between Petrobras and Equinor, aim to explore offshore wind projects, further diversifying the energy mix.
Brazil Power Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Power Installed Capacity and Forecast in GW, till 2028
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1.3 Electricity Generation Mix in Brazil, 2022
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1.4 List of Major Upcoming Projects, 2022
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1.5 Recent Trends and Developments
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1.6 Government Targets, Policies, and Regulations
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1.7 Market Dynamics
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1.7.1 Drivers
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1.7.2 Restraints
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1.8 Supply Chain Analysis
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1.9 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Power Generation
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2.1.1 Thermal
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2.1.2 Hydropower
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2.1.3 Nuclear
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2.1.4 Non-hydro Renewables
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2.2 Power Transmission and Distribution (T&D)
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Brazil Power Market Size FAQs
How big is the Brazil Power Market?
The Brazil Power Market size is expected to reach 238.97 gigawatt in 2024 and grow at a CAGR of 7.06% to reach 336.10 gigawatt by 2029.
What is the current Brazil Power Market size?
In 2024, the Brazil Power Market size is expected to reach 238.97 gigawatt.
