Brazil Power Epc Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Brazil power EPC market is witnessing significant growth with CAGR greater than 7.5%. Factors such as huge investment and government policies are likely to drive the Brazil power EPC market during the forecast period. In the Brazilian Energy Expansion Plan for 2024, published by the Brazilian Ministry of Mines and Energy (MME), the Brazilian energy matrix goal is to maintain a high share of 45 percent from renewable energy by 2024. Furthermore, the Upcoming wind power project, solar project, and nuclear power plant, such as Angra 3 power plant, are expected to drive the Brazil power EPC market during the forecast period. However, geopolitical tensions and the high fiscal deficit with a high inflation rate are expected to negatively impact the Brazil power EPC market in the short term.
Key HighlightsThe Brazil power EPC market is moderately fragmented due to many companies operating in the industry. The key players in this market include Fluor Daniel Brasil, Ltda., General Electric Company, ENEL S.P.A, Canadian Solar Inc., Siemens Renewable energy S.A, and others.
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