The market for nuclear power generation equipments in Brazil is driven majorly by rising electricity consumption which in turn depends on the power generation from various sources majorly hydroelectricity and nuclear electricity. Due to over dependence on hydroelectricity since decades, the power generation industry in Brazil is now looking beyond traditional methods of electricity generation. This factor forms the basis for the growth of nuclear power generation which has the potential to satisfy the rising electricity demand in Brazil.
The nuclear power generation equipments market in Brazil is expected to witness a growth in coming years on account of upcoming planned nuclear reactors. The focus of the government of Brazil has been on increasing share of nuclear electricity in energy mix of the country. In 2006, the Brazilian government announced plans to complete Angra 3 and to build four 1,000 MW nuclear power plants from 2015 at nearby single site. Replacement and life extension of ageing nuclear power plants deserve special attention by the equipment business partners, since the number of currently operating nuclear power plants in Brazil will arrive at the end of their original estimated plant lifetime before 2030. This generates an excellent opportunity for nuclear power generation equipments companies seeking business growth in Brazil and with the government support, the outlook for Brazilian nuclear energy industry is definitely positive.
The report from Ken Research titled ‘Brazil Nuclear Power Generation and Equipments Market Outlook to 2030 – Planned Nuclear Power Plants to Drive the Market Growth’ provides detailed overview of the nuclear power generation equipments market in Brazil and its pertinent market factors. This report helps readers to identify the major project profiles of nuclear power plants in Brazil and anticipated developments in future. The report will assist nuclear energy industry consultants, global nuclear power generation equipment companies and new market players willing to enter the Brazil nuclear power sector by aligning their market centric strategies through gaining perspectives from the research report.