Brazil Microgrid Market Size & Outlook, 2023-2030
Brazil microgrid market, 2018-2030 (US$M)
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Brazil microgrid market highlights
- The Brazil microgrid market generated a revenue of USD 3,000.7 million in 2023 and is expected to reach USD 9,371.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 17.7% from 2024 to 2030.
- In terms of segment, chp was the largest revenue generating power source in 2023.
- CHP is the most lucrative power source segment registering the fastest growth during the forecast period.
Microgrid market data book summary
| Market revenue in 2023 | USD 3,000.7 million |
| Market revenue in 2030 | USD 9,371.9 million |
| Growth rate | 17.7% (CAGR from 2023 to 2030) |
| Largest segment | Chp |
| Fastest growing segment | CHP |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CHP, Natural Gas, Solar PV, Diesel, Fuel Cell |
| Key market players worldwide | ABB Ltd, Siemens AG, GE Aerospace, Eaton Corp PLC, Exelon Corp, Honeywell International Inc, NRG Energy Inc, Spirit AeroSystems Holdings Inc Class A, Northland Power Inc, Viridien |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.9% of the global microgrid market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil microgrid market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 9,371.9 million by 2030.
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Microgrid Market Scope
Microgrid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil microgrid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microgrid market will help companies and investors design strategic landscapes.
Chp was the largest segment with a revenue share of 36.69% in 2023. Horizon Databook has segmented the Brazil microgrid market based on chp, natural gas, solar pv, diesel, fuel cell covering the revenue growth of each sub-segment from 2018 to 2030.
The construction industry in Brazil is projected to grow at a significant rate during the forecast period owing to urbanization and increasing purchasing power of consumers. According to the Brazilian Institute of Geography and Statistics, the economy witnessed a growth of 1.2% in the second quarter of 2022 compared to the first quarter of 2022.
This growth can be attributed to the major contribution of the construction industry to the GDP. Thus, the growth of the construction industry of Brazil is expected to augment the power demand, which is expected to fuel the growth of microgrid in the country from 2023 to 2030.
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Our clientele includes a mix of microgrid market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil microgrid market , including forecasts for subscribers. This country databook contains high-level insights into Brazil microgrid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil microgrid market size, by power source, 2018-2030 (US$M)
Brazil Microgrid Market Outlook Share, 2023 & 2030 (US$M)
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