Argentina is the third-largest producer of electricity in Latin America. It relies on hydropower and thermal stations for its power supply. The electricity supply market is mostly controlled by private companies. It is predicted that at least 1000 MW (megawatts) of electricity is needed each year. But the energy demand in Argentina has exceeded 24000 MW as of 2015, and requires a centralized sector to keep up with the demand. The country has yet to reach 30% of its rural population, as they survive without power. This untapped demand could result in increased demand for electricity control and distribution equipments. —
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Relief will soon hit the country, as China aims to supply a nuclear reactor to build up its power base. The reactor will rely on Canadian technology called Canada Deuterium Uranium or Candu.
The global electrical control and distribution equipment market is projected to grow at a CAGR exceeding 5% over the forecast period (2014-2020). The regional market is expected to display a moderate growth over the same period. Products of the regional market include electric relays, electric fuses, automatic circuit breakers, electrical distribution and control boards, make-and-break switches, lightning arresters and voltage limiters, electrical sockets and plugs, and electrical lamp-holders.
Regions covered by the market in Argentina are Buenos Aires, Cuyo, Littoral, Comahue, Patagonia, Northeast, and Northwest. Wind farms in Patagonia are expected to meet up to 12% of the country’s electricity demands. The country is plagued with social issues like resettlement and environmental damage, hampering market growth prospects. This has led to Yacyreta and Salto Grande, hydroelectric stations to be run by the private sector. The market aims to supply small generators in remote villages in order to keep the industries functional. The country aims to dispel any harmful effects of nuclear power plants by installing natural gas-fueled plants.
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Notable players of the electrical and distribution equipment market in Argentina include Gemax SRL, Conectech S.A., Cram Electro SA, and Electro Integral Sudamericana. In 2015, Electro Integral Sudamericana has joined hands with Eaton to distribute and manufacture electrical equipment in Argentina. This union aims to target the construction, manufacturing, and food processing industries to sustain in the market.
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