South America smart grid market to reach 104.5 million smart meters by 2020

Northeast Group, LLC (Washington, D.C.), a research and consulting firm, on Tuesday released its South America Smart Grid Market Forecast (2011-2020) which projects the smart meter market alone will reach 104.5 million meters and $25.1 billion by 2020.

Other smart grid technologies – including distribution automation – will also grow quickly in the region. According to Northeast Group, Brazil will be first to begin large-scale deployments. Chile and Argentina will be next to follow, with other countries set to launch deployments in the latter half of the decade.

"South America's potential for smart grid is often overlooked. In the U.S. and Europe where large-scale deployments are well underway, smart grid benefits center on demand reductions, savings in meter reading costs and reliability improvements. In the emerging market context, the benefit case often rests on electricity theft reduction, social and economic development benefits and other region-specific drivers," said the Northeast Group, LLC.

According to Northeast Group, LLC, Brazil is the leading country in South America with a smart grid regulatory framework in development and attractive market conditions. Brazil's actions are expected to lay the groundwork for deployments in neighboring countries throughout the decade. Aging grid infrastructure and rapidly growing energy demand mean that large scale investment will be necessary to maintain regional GDP growth of more than 4% in the medium-term.

"The South America region exhibits several market conditions attractive for smart grid development compared with other emerging market regions such as Asia. These include per capita energy consumption and non-technical loss (theft) rates higher than Asia, as well as enormous potential for distributed generation. All are key drivers of smart grid, yet South America has lagged behind other emerging markets. This is about to change as governments in the region begin to take action in developing regulatory frameworks to encourage smart grid," according to Northeast Group, LLC.

With a large projected smart meters growth in Brazil in 2020, there are also predictions of other smart technology increases, such as electric vehicles and EV charging stations. Brazilian utility CPFL in Sao Paulo is projecting a penetration rate of 5% by 2020 for electric vehicles. Also, CPFL is working with Fiat in a partnership to expand EV charging infrastructure, according to one forecast in the report.

ArticleTools

Featured Big Data Reports

Market Opportunity: Big Data in the Internet of Things
Big Data and Analytics software and applications will play a crucial role in making IoT a success. The data generated through sensors embedded in various things/objects will generate massive amounts of unstructured (big) data on real-time basis that holds the promise for intelligence and insights for dramatically improved decision processes.

 

Structured and Unstructured (Big) Data in Telecom Analytics
This report provides the reader with a broad understanding of telecom data (structured and unstructured/big data) and related analytics. The report identifies market drivers and opportunities as well as forecasts for certain key growth areas such as deep packet inspection.

 

Telecom Carrier Big Data Operations, Applications, and Services
Telcos have a major advantage in that they have many sources of data but if they want to monetize that data and derive meaningful, actionable analytics it could be challenging due to the complexities of correlation, prediction, and the massive volumes of data from different sources.

 

Affordable Market Reports on Big Data, IoT, CDN & More!
Access the exclusive new series of market research reports brought to you through the partnership of Mind Commerce research and TelecomEngine.com.
Browse the latest titles

 

 

 

Featured Events & Partners

The Telecom Exchange (TEX)
Wednesday, June 24, 2015

Cipriani Wall Street, New York City

Designed to navigate enterprise and carrier network operators through all carrier hotels and colocation houses available in the US and globally.

Visit event website...