The Brazil wind energy market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing demand for renewable energy and growing investment in wind power sector.
Depending on the size of the turbine and the lengths of its blades, the amount of power which can be collected is derived. Theoretically, when the speed of wind is doubled, wind energy generation capacity rises by the factor of eight. The output is directly proportional to the cube of wind speed and the dimension of the rotor. The average potential of wind turbine is between 1.6 MW to 2 MW. In commercial use, the wind turbine has reached 8 MW potential, with rotor diameter of 164 meters.
When wind flows across the blades, the pressure on one side of blade decreases. The increase and decrease of air pressure along the two side of blade create both drag and lift. The lift force is stronger than the drag force, which causes the rotor to spin. The rotor is connected to the generator directly through shaft and series of gearbox. The transmission of aerodynamic force to the rotation of generator creates electricity.
The amount of land required for wind energy system depends on the factor such as characteristics of local ground and the desired size of the wind farm. Offshore wind is stronger and steadier than on land. However, the maintenance and construction costs are higher than onshore wind systems. Generally, spacing of wind turbine depends on the local wind conditions and the rotor diameter.
As per the data published on REVE, around 635 wind farms and 7,738 wind turbines are built in Brazil. According to data published in June 2020 by the Brazilian Wind Energy Association, the installed capacity is about 16 GW. The National Energy Plan 2050 expects it to reach between 110 GW and 195 GW in the coming decades.
The report on the Brazil wind energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Wind Energy Market - Brazil Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Location of Deployments (Offshore and Onshore) |
Country |
Brazil |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
ABB Ltd.; Nordex SE; Siemens Gamesa Renewable Energy, S.A.; Neoenergia SA.; and Vestas Wind Systems A/S |
Based on location of deployments, the market is bifurcated into offshore and onshore. The onshore segment is expected to constitute a key share of the market during the projected period. The cost-effectiveness to build wind energy systems on land than offshore locations is driving the segment growth. However, the offshore segment is expected to grow at a robust rate owing to technological advancements in the sector.
Companies are able to install large wind energy turbines due to improvement in material, which is used in manufacturing of wind turbine material. This helps rotors to make use of higher altitude winds. Turbine have large size of blades, which provides them the ability to collect more area then smaller size turbines. Increasing size of turbine help to lower the cost of wind energy is driving the market growth. Various major companies and countries are looking toward the adoption of renewable source of energy. It has ability to produce large amount of clean form of energy. Improvement in technologies has attracted the companies to invest high amount in technologies.
The Brazil wind energy segmented on the basis of:
The key players competing in the Brazil wind energy market are ABB Ltd.; Nordex SE; Siemens Gamesa Renewable Energy, S.A.; Neoenergia SA.; and Vestas Wind Systems A/S.
The Brazil wind energy segmented on the basis of:
The key players competing in the Brazil wind energy market are ABB Ltd.; Nordex SE; Siemens Gamesa Renewable Energy, S.A.; Neoenergia SA.; and Vestas Wind Systems A/S.
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