
Latin America Power Distribution Component Market Is Projected To Grow In USD 79.11 Billion By 2029
The Latin America power distribution component market size was USD 44.61 billion in 2021. The market is projected to grow from USD 47.53 billion in 2022 to USD 79.11 billion by 2029 at a CAGR of 7.6% in 2022-2029. The global COVID-19 pandemic has been unprecedented and staggering, with power distribution component experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, this market exhibited a decline of -10.1% in 2020 as compared to 2019.