In 2023, the import volume of hydraulic turbines and water wheels of a power not exceeding 1000 kW to Brazil was comparable to the forecasted 2024 value of 9.85 thousand kilograms. This forecast indicates a negative trend with imports decreasing steadily at an approximate average of 1% per year. Specifically, a year-on-year decline is expected, culminating in a Compound Annual Growth Rate (CAGR) of -7% over the next 5 years.
Future trends to watch for:
- Technological advancements in renewable energy sources.
- Government policies promoting local production and use of alternative energy solutions.
- Market demand shifts towards more efficient energy systems.