Growth in the Brazilian market for medium-voltage drives will outpace the market in China by 2% over the next three years, with revenue growth forecast at 18.5% annually in Brazil from 2011 to 2014, according to two new studies by IMS Research.
China’s market is still considerably larger, accounting for 28% of the world’s drive consumption, compared with just 3% for Brazil.
The report says the recent high growth in Brazil is driven predominately by oil and gas, and mining expansion, as well as projects for infrastructure improvement.
Among those of you that sell into Brazil and the rest of South America, do you see these types of upticks in the industrial machine arena?
