South America Smart Grid Market Forecast $25B and 104M Smart Meters
Research firm Northest Group has release its latest report on the smart grid market in developing countries title “South America Smart Grid Market Forecast (2011-2020)”. Accroding to the firm the smart grid market in the region will value at $25.1 billion and up to 104.5 million smart meters deployed by 2020. Brazil, Chile and Argentina are highlighted as the countries to begin large-scale roll out, with Brazil being first.
"South America's potential for smart grid is often overlooked. In the US and Europe where large-scale deployments are well underway, smart grid benefits center on demand reductions, savings in meter reading costs and reliability improvements,” said Northeast. They also expect other smart grid technologies such as distribution automation to grow quickly in the region.
Currently there is a smart meter roll out project being piloted by Trilliant and AES Eletropaulo in the Brzilian city of São Paulo. GE who has contributed the smart meter technology, is also building a $500 million research center in Rio de Janeiro, which it expect to provide smart grid solutions to the specific to needs of each country in the region.
"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.
Northeast Group, LLC is a Washington, DC-based research and consulting firm focused on the smart grid market in both developed and developing countries. We offer market research reports and client-based consulting services. www.northeast-group.com