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 (2024-2029) Read More

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. Read More

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 and 2023. The report also forecasts the South and Central America Smart Grid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

South and Central America Smart Grid Market Trends

Statistics for the 2023 & 2024 South and Central America Smart Grid market trends, created by Mordor Intelligence™ Industry Reports. South and Central America Smart Grid trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of South and Central America Smart Grid Industry

This section covers the major market trends shaping the South & Central America Smart Grid Market according to our research experts:

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.

Central and South America Smart Grid Market- Renewable Electricity Production

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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.