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A Growing Economy and Exponential Rise in Power Consumption Will Propel the Smart Grid Equipment Market in Brazil: TechNavioThe Smart Grid Equipment Market in Brazil is expected to gain support from regulatory authorities and post a CAGR of 21.17 percent from 2014-2019, says research firm TechNavio. With power consumption in Brazil set to double by the end of this decade, enhancing the country's monitoring and measuring capabilities is becoming a priority. The Smart Grid Equipment Market is taking rapid strides in towards boosting efforts to curb power losses in the country. About the Report "The interest shown by regulatory authorities in installing smart grid equipment, especially smart meters, is the most important driver for the growth of the Smart Grid Equipment Market in Brazil," says Faisal Ghaus, Vice President of TechNavio. "Increased investments in smart grid technology are directly proportional to the growing Brazilian economy, thus stimulating growth and investment in smart grid equipment and technology," says Ghaus. Additionally, renewable energy is set to play a key role in fulfilling Brazil's future power needs, and is expected to propel further demand for Smart Grid Equipment in Brazil. In the future, an increase in investments in clean and renewable power generation will lso serve to bolster the market. Key Information Covered in the Report:
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on smart grids: Smart Grid Market in the Americas 2014-2018 If you are interested in more information, please contact our media team at [email protected].
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