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South American smart grid market to reach $49.8bn by 2023, says study

Brazil leading in smart grid developments but other growth markets making “large strides” as South America’s set to achieve biggest benefits of all emerging markets

The report says South America stands to achieve some of the largest benefits from smart grid infrastructure for all emerging markets

Smart grid expenditure in South America will reach USD 49.8bn by 2023, according to a new US study. The study, released by Washington firm Northeast Group, LLC said Brazil is leading in smart grid developments, but other South American growth markets are also making "large strides." As a result, South America stands to achieve some of the largest benefits from smart grid infrastructure "among all emerging markets."

The study said countries making an impact on South America's smart grid sector contributing to the estimated 49.8bn include Chile, Peru, Columbia and Ecuador. The 260-page report titled, South America Smart Grid: Market Forecast (2013-2023) Volume II, said spending will be allocated across the five segments of advanced smart metering infrastructure, distribution automation, wide area measurement, home energy management and information technology. The bulk of the spending will be in distribution automation at USD 23.2bn, followed closely by smart metering at USD 19bn.

Northeast Group, LLC is a Washington DC-based smart grid market intelligence firm. The firms' research is focused on the smart grid opportunities in emerging market countries.

Ben Gardner, president of Northeast Group, said: "South America stands to achieve some of the largest benefits from smart grid infrastructure among all emerging markets. When we released our first South America study two years ago, there was a lot of potential but limited activity. Since then, several countries have drafted smart grid roadmaps, launched numerous pilot projects and vendor activity has accelerated across the region.

 

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