Brazil Wind Energy Market Size, Share & Growth | Forecast 2031
Brazil Wind Energy Market Size, Share & Growth | Forecast 2031
Segments - Brazil Wind Energy Market by Location of Deployments (Offshore and Onshore) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
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| Report ID :EP-2605
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| 188 Pages
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Report Description
Brazil Wind Energy Market Outlook 2031
The Brazil wind energy market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of 9.57% during the forecast period 2023 - 2031. The growth of the market is attributed to increasing demand for renewable energy and growing investment in wind power sector.
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.
Brazil Wind Energy Market Trends, Drivers, Restraints, and Opportunities
- Favorable government policies and increasing investment in renewable sources of energy is anticipated to drive the market growth.
- Increasing focus on environmental sustainability across the region is estimated to spur the growth of the market.
- The COVID-19 outbreak hampered the growth of the market owing to supply chain disruption. However, the relaxation in restriction in international trade is stimulating the Brazil wind energy market growth.
- High noise pollution and lack of large-size land can hinder the Brazil wind energy market growth.
- Rising prices of electricity is also driving the demand for alternative source of energy Thus; this factor is expected to proliferate the growth of the market during the forecast period.
- Wind energy can create lucrative opportunities in value chain such as repair, maintenance, and installation.
Scope of Brazil Wind Energy Market Report
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 |
Brazil Wind Energy Market Segment Insights
Onshore segment is anticipated to constitute a key market share
Based on location of deployments, the Brazil wind energy market share 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.
Segments
The Brazil wind energy segmented on the basis of:
Location of Deployments
- Offshore
- Onshore
Country
- Brazil
Key Players
- ABB Ltd.
- Nordex SE
- Siemens Gamesa Renewable Energy, S.A.
- Neoenergia SA.
- Vestas Wind Systems A/S
Competitive Landscape
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.
Frequently Asked Questions
The onshore segment is expected to constitute a key share of the market during the projected period.
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.
Brazil Wind Energy Market is growing at a CAGR of 9.57% in forecast period.
The Brazil Wind Energy Market is studied from 2023 - 2031.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Wind Energy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wind Energy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wind Energy Market - Supply Chain
4.5. Global Wind Energy Market Forecast
4.5.1. Wind Energy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wind Energy Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Wind Energy Market Absolute $ Opportunity
5. Global Wind Energy Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Wind Energy Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Wind Energy Demand Share Forecast, 2019-2026
6. North America Wind Energy Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Wind Energy Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Wind Energy Demand Share Forecast, 2019-2026
7. Latin America Wind Energy Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Wind Energy Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Wind Energy Demand Share Forecast, 2019-2026
8. Europe Wind Energy Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Wind Energy Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Wind Energy Demand Share Forecast, 2019-2026
9. Asia Pacific Wind Energy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Wind Energy Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Wind Energy Demand Share Forecast, 2019-2026
10. Middle East & Africa Wind Energy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Wind Energy Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Wind Energy Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Wind Energy Market: Market Share Analysis
11.2. Wind Energy Distributors and Customers
11.3. Wind Energy Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. ABB Ltd.
11.4.2. Nordex SE
11.4.3. Siemens Gamesa Renewable Energy, S.A.
11.4.4. Neoenergia SA.
11.4.5. Vestas Wind Systems A/S
11.4.6.
Methodology
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