Abstract
Summary
Brazil Low Voltage Components Market Research Report Forecast to 2030
Major Players
The Brazil low voltage components market is rapidly growing due to the requirement of protection of electrical systems with low voltage switchgear, and the growing advantages of low voltage components. Furthermore, the growing adoption of smart grids and increased installation of photovoltaic solar energy projects are likely to present a growth opportunity for the players in the market. Low voltage systems are comprised of electrical equipment that uses 50 volts (V) of electricity or less. The components comprise sssMCB, MCCB, ACB, Motor CB, RCCB, SPD, switch disconnectors, fuse and transfer switches, automatic transfer switches, fuses, contactors, soft starters, meters, pushbuttons, light indicator, and relays.
The Brazil low voltage components market is expected to be driven by the requirement of protection of electrical systems with low voltage switchgear. However, the high cost of installation and the requirement for skilled manpower will likely restrain the market. On the other hand, the growing adoption of the smart grid is expected to create growth opportunities for players operating in the market.
Market Segmentation
The Brazil low voltage components market has been segmented based on industry and product. Based on industry, the Brazil low voltage components market has been segmented into building, utilities, solar photovoltaic, mining, mineral and meta, F&B, transport infrastructure, automotive, agribusiness, data center, healthcare (hospital), oil & gas (petrochemical), others. The building segment is expected to grow at 4.7% CAGR during the forecast period. In 2021, the building segment held 13.6% of the Brazil low voltage components market.
Based on product, the Brazil low voltage components market has been segmented into MCB, MCCB, ACB, Motor CB, RCCB, SPD, Switch Disconnectors, Fuse and Transfer Switches, Automatic Transfer Switches, Fuses, Contactors, Inverters (Variable Speed Drives), Soft Starters, Meters, Pushbuttons, Light Indicator, and Relays (Thermal, Auxiliary, Interface). The meters segment is expected to grow at 3.7% CAGR during the forecast period. In 2021, the meters segment held a 12.2% share of the Brazil low voltage components market.
Major Players
ABB, Siemens, Schneider Electric, WEG, Rockwell Automation, Mitsubishi Electric, Tee Electric Components, TUV Rheinland, Eaton, Dekra Certification B.V are the major players in the market.
Table of Contents
1 EXECUTIVE SUMMARY 11
2 MARKET INTRODUCTION 15
2.1 DEFINITION 15
2.2 SCOPE OF THE STUDY 15
2.3 RESEARCH OBJECTIVE 15
2.4 MARKET STRUCTURE 16
3 RESEARCH METHODOLOGY 17
3.1 RESEARCH PROCESS 17
3.2 PRIMARY RESEARCH 18
3.3 SECONDARY RESEARCH 19
3.4 MARKET SIZE ESTIMATION 20
3.5 FORECAST MODEL 21
3.6 LIST OF ASSUMPTIONS 22
4 MARKET DYNAMICS 23
4.1 OVERVIEW 23
4.1.1 REQUIREMENT OF PROTECTION OF ELECTRICAL SYSTEMS WITH LOW VOLTAGE SWITCHGEAR 24
4.1.2 GROWING ADVANTAGES OF LOW VOLTAGE COMPONENTS 24
4.1.3 GROWING NUMBER OF CONSTRUCTION PROJECTS IN THE COUNTRY 24
4.1.4 DRIVER IMPACT ANALYSIS 25
4.2 RESTRAINTS 25
4.2.1 HIGH COST OF INSTALLATION AND REQUIREMENT OF SKILLED MANPOWER 25
4.2.2 REQUIREMENTS FOR HIGH MAINTENANCE 25
4.2.3 RESTRAINT IMPACT ANALYSIS 26
4.3 OPPORTUNITY 26
4.3.1 GROWING ADOPTION OF SMART GRID 26
4.3.2 INCREASE INSTALLATION OF PHOTOVOLTAIC SOLAR ENERGY PROJECT 27
4.4 COVID-19 IMPACT ANALYSIS 27
5 MARKET FACTOR ANALYSIS 28
5.1 SUPPLY CHAIN ANALYSIS 28
5.1.1 DESIGN & DEVELOPMENT 29
5.1.2 RAW MATERIAL & COMPONENTS SUPPLY 29
5.1.3 MANUFACTURE & ASSEMBLY 29
5.1.4 SALES & DISTRIBUTION 29
5.1.5 END-USE 29
5.2 PORTER'S FIVE FORCES MODEL 30
5.2.1 THREAT OF NEW ENTRANTS 30
5.2.2 BARGAINING POWER OF SUPPLIERS 31
5.2.3 THREAT OF SUBSTITUTES 31
5.2.4 BARGAINING POWER OF BUYERS 31
5.2.5 INTENSITY OF RIVALRY 31
6 BRAZIL LOW VOLTAGE COMPONENTS MARKET, BY INDUSTRY 32
6.1 OVERVIEW 32
6.2 BUILDING 34
6.3 UTILITIES 34
6.4 SOLAR PHOTOVOLTAIC 34
6.5 MINING, MINERAL AND METAL 35
6.6 F&B 35
6.7 TRANSPORT INFRA STRUCTURE 35
6.8 AUTOMOTIVE 35
6.9 AGRIBUSINESS 36
6.10 DATA CENTER 36
6.11 HEALTHCARE (HOSPITAL) 36
6.12 OIL & GAS (PETROCHEMICAL) 37
6.13 OTHERS 37
7 BRAZIL LOW VOLTAGE COMPONENTS MARKET, BY PRODUCT 38
7.1 OVERVIEW 38
7.2 MCB 40
7.3 MCCB 40
7.4 ACB 41
7.5 MOTOR CB 41
7.6 RCCB 41
7.7 SPD 41
7.8 SWITCH DISCONNECTORS, FUSE AND TRANSFER SWITCHES 42
7.9 AUTOMATIC TRANSFER SWITCHES 42
7.10 FUSES 42
7.11 CONTACTORS 43
7.12 INVERTERS (VARIABLE SPEED DRIVES) 43
7.13 SOFT STARTERS 43
7.14 METERS 43
7.15 PUSHBUTTONS 44
7.16 LIGHT INDICATOR 44
7.17 RELAYS (THERMAL, AUXILIARY, INTERFACE) 44
8 COMPETITIVE LANDSCAPE 45
8.1 OVERVIEW 45
8.2 COMPETITIVE BENCHMARKING 46
8.3 MARKET SHARE ANALYSIS 46
8.3.1 BRAZIL LOW VOLTAGE COMPONENTS MARKET SHARE ANALYSIS, 2021 % 46
8.4 KEY DEVELOPMENTS IN THE BRAZIL LOW VOLTAGE COMPONENTS MARKET 47
8.4.1 PRODUCT LAUNCH/DEVELOPMENT 47
8.4.2 COLLABORATION 48
8.4.3 EXPANSION 48
8.4.4 ACQUISITION 49
8.4.5 PARTNERSHIP 50
9 COMPANY PROFILES 51
9.1 ABB 51
9.1.1 COMPANY OVERVIEW 51
9.1.2 FINANCIAL OVERVIEW 52
9.1.3 PRODUCT/SOLUTION/SERVICES OFFERED 52
9.1.4 KEY DEVELOPMENTS 53
9.1.5 SWOT ANALYSIS 54
9.1.6 KEY STRATEGIES 54
9.2 SIEMENS 55
9.2.1 COMPANY OVERVIEW 55
9.2.2 FINANCIAL OVERVIEW 56
9.2.3 PRODUCTS OFFERED 57
9.2.4 KEY DEVELOPMENTS 57
9.2.5 SWOT ANALYSIS 58
9.2.6 KEY STRATEGIES 58
9.3 MITSUBISHI ELECTRIC CORPORATION 59
9.3.1 COMPANY OVERVIEW 59
9.3.2 FINANCIAL OVERVIEW 60
9.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 61
9.3.4 KEY DEVELOPMENTS 61
9.3.5 SWOT ANALYSIS 62
9.3.6 KEY STRATEGIES 62
9.4 SCHNEIDER ELECTRIC 63
9.4.1 COMPANY OVERVIEW 63
9.4.2 FINANCIAL OVERVIEW 64
9.4.3 PRODUCTS OFFERED 65
9.4.4 KEY DEVELOPMENTS 66
9.4.5 SWOT ANALYSIS 67
9.4.6 KEY STRATEGIES 67
9.5 DEKRA CERTIFICATION B.V 68
9.5.1 COMPANY OVERVIEW 68
9.5.2 FINANCIAL OVERVIEW 69
9.5.3 PRODUCTS OFFERED 70
9.5.4 KEY DEVELOPMENTS 70
9.5.5 SWOT ANALYSIS 72
9.5.6 KEY STRATEGY 72
9.6 EATON CORPORATION 73
9.6.1 COMPANY OVERVIEW 73
9.6.2 FINANCIAL OVERVIEW 74
9.6.3 PRODUCTS OFFERED 75
9.6.4 KEY DEVELOPMENTS 75
9.6.5 SWOT ANALYSIS 76
9.6.6 KEY STRATEGIES 77
9.7 ROCKWELL AUTOMATION 78
9.7.1 COMPANY OVERVIEW 78
9.7.2 FINANCIAL OVERVIEW 79
9.7.3 PRODUCTS OFFERED 80
9.7.4 KEY DEVELOPMENTS 80
9.7.5 SWOT ANALYSIS 81
9.7.6 KEY STRATEGIES 81
9.8 WEG 82
9.8.1 COMPANY OVERVIEW 82
9.8.2 FINANCIAL OVERVIEW 83
9.8.3 PRODUCTS OFFERED 84
9.8.4 KEY DEVELOPMENTS 84
9.8.5 SWOT ANALYSIS 85
9.8.6 KEY STRATEGIES 85
9.9 TEE ELETRIC COMPONENTS 86
9.9.1 COMPANY OVERVIEW 86
9.9.2 FINANCIAL OVERVIEW 86
9.9.3 PRODUCTS OFFERED 86
9.9.4 KEY DEVELOPMENTS 87
9.9.5 SWOT ANALYSIS 87
9.9.6 KEY STRATEGIES 87
9.10 TUV RHEINLAND 88
9.10.1 COMPANY OVERVIEW 88
9.10.2 FINANCIAL OVERVIEW 89
9.10.3 PRODUCTS OFFERED 90
9.10.4 KEY DEVELOPMENTS 90
9.10.5 SWOT ANALYSIS 91
9.10.6 KEY STRATEGIES 91