Eletrobras, a major Brazilian utility has selected Cisco’s FAN (Field Area Network) technology for a BRL $1.2 million project funded by the World Bank. The Energia+ project will cover the states of Acre, Rondonia, Piaui, Amazonas, Alagoas and Roraima. The aim is to help Eletrobras to improve operational efficiency and control of non-technical losses, which is as high as 22 per cent in some areas.
Landis+Gyr has further solified its position in the South American smart grid market by partnering with Brazilian electricity utility Light in a five year contract worth approximately R$750 million ($313 million USD). The agreement is the largest smart grid project in South American history; under the agreement Landis+Gyr will supply, implement its Gridstream smart grid solution with operation and maintenance of the system.
In a new report examining the global deployment of smart grid technologies and services from the perspective of growth and market share, GTM Research is expecting Smart Grid Market to Surpass $400 Billion Worldwide by 2020. The report looks at the trend of the smart grid market for the next seven years (2013-2020). GTM are predicting an average compound annual growth rate of over 8%, with China being the largest smart grid market in the world, accounting for over 24% of the global market.
The smart grid market is expected to be a major growth area over this decade to 2020, based on research done by Navigant Research. In their report titled “Smart Grid Technologies”, they expect the smart grid market to worth $73 Billion in annual revenue by the year 2020 from today’s $13 Billion. Another interesting prediction is that Mexico smart grid market alone will worth about 10 per cent of world the world’s annual revenue.
According to a report entitled “South America Smart Grid: Market Forecast (2013-2023) Volume II “ from Northeast Group, the cumulatively spend on smart grid in South America is expected to reach $49.8 billion by 2023. This spending will be allocated across the five segments of advanced metering infrastructure (or "smart meters"), distribution automation, wide area measurement, home energy management and information technology.