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.
With the upcoming hydropower projects and targets, along with the massive hydropower potential in Brazil, the hydropower generation segment is expected to dominate the power market during the forecast period.
The Brazilian power market is moderately fragmented. Some of the major companies operating in the market (in no particular order) include Norte Energia SA, Petróleo Brasileiro SA, Enel Brasil, Eletrosul Centrais Elétricas SA (CGT Eletrosul), and Transmissora Aliança de Energia Elétrica SA.
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