Market Overview
| Study Period | 2020 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| Growth Rate | 3.00% CAGR |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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South And Central America Smart Grid Network Market Analysis by Mordor Intelligence
The South and Central America Smart Grid Network Market is expected to register a CAGR of greater than 3% during the forecast period.
- Advanced Metering Structure devices are fundamental devices in the modernization of the grid network. With sound installation, AMS is expected to witness considerable growth in the forecast period.
- In January 2018, the Colombian Ministry of Mines and Energy established a target for advanced metering infrastructure (AMI) to be deployed by 2030 to cover 95% of consumer units in urban centers and 50% of rural units, equivalent to 11 million units. This is going to create vast market opportunities for market players.
- Brazil is the largest producer of electricity in the entire South, and Central America has the potential to be the largest market for the smart grid in the forecast period. With more than 500 TWh of electricity in 2018, Brazil is expected to drive the smart grid market in South America.
South And Central America Smart Grid Network Market Trends and Insights
Advanced Metering Infrastructure to Witness a Significant Growth
- Advanced metering infrastructure (AMI) or smart metering is an integrated system of smart meters, which are expected to be installed widely with the growth of renewable electricity in the region to more than 150 TWh in 2018.
- In Chile, according to the Energy Ministry, the installation of more than 6.5 million smart meters by 2025 is planned. By this, Chile is expected to increase its share in the smart grid significantly.
- In 2019, the Eletrobras Distribution Rehabilitation project initiated distributing AMI meters with telemetering capability to low voltage (LV) users on a large-scale. This resulted in benefitting four million consumers in six states of Brazil and increasing the AMI market significantly.
- In January 2018, the Colombian Ministry of Mines and Energy established a target for advanced metering infrastructure (AMI) to be deployed by 2030 to cover 95% of consumer units in urban centers and 50% of rural units, equivalent to 11 million units. This is going to create vast market opportunities for market players
- With multiple advantages of modifying grids, more countries of Central and South America are accepting the smart meters and smart grid technology, which is anticipated to grow further in the forecast period.
Brazil to Emerge as a Largest Market for Smart Grid in the Region
- In 2018, Brazil generated 588 TWh of electricity out of which more than 100 TWh is generated from renewable resources. Large scale modification of the grid network is required to incorporate developing renewable energy
- With a vast network of a country-wide interconnected grid of 130,000 km of high voltage transmission lines, Brazil is expected to invest USD 41 billion by the end of 2024 in the development and modification of the transmission sector.
- In 2018, Enel Group acquired the Eletropaulo company, which distributes electricity to the 23 municipalities of the metropolitan area of Sao Paulo, working towards digitalization and automation of the grid network.
- In 2019, the United States Trade and Development Agency (USTDA) awarded a grant to Grupo Equatorial Energia to develop a smart grid network improving the delivery of electricity to more than 2.4 million customers in the state of Maranhão.
- Brazil, with its enormous resources and ambitious renewable projects, is expected to grow in the smart grid market considerably in the forecast period.
Competitive Landscape
The South and Central America Smart Grid Network Market is partially consolidated. Some of the major companies include Enel Group, Honeywell International Inc., Itron Inc., Siemens AG, Schneider Electric SE, and others.
South And Central America Smart Grid Network Industry Leaders
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Enel Group
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Honeywell International Inc.
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Siemens Ag
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Schneider Electric Se
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Itron Inc.
- *Disclaimer: Major Players sorted in no particular order
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South And Central America Smart Grid Network Market Report Scope
The South and Central America smart grid network market report includes:
Technology Application Area
| Transmission |
| Demand Response |
| Advanced Metering Infrastructure (AMI) |
| Other Technology Application Areas |
Geography
| Brazil |
| Argentina |
| Chile |
| Rest of South and Central America |
| Technology Application Area | Transmission |
| Demand Response | |
| Advanced Metering Infrastructure (AMI) | |
| Other Technology Application Areas | |
| Geography | Brazil |
| Argentina | |
| Chile | |
| Rest of South and Central America |
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Key Questions Answered in the Report
What is the current South and Central America Smart Grid Market size?
The South and Central America Smart Grid Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)
Who are the key players in South and Central America Smart Grid Market?
Enel Group, Honeywell International Inc., Siemens Ag, Schneider Electric Se and Itron Inc. are the major companies operating in the South and Central America Smart Grid Market.
What years does this South and Central America Smart Grid Market cover?
The report covers the South and Central America Smart Grid Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South and Central America Smart Grid Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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