The Latin America Smart Metering Market size is valued at around USD 10.88 million units in 2024 and is projected to grow at a CAGR of around 8.16% during the forecast period, i.e., 2023-28.                                                          

Latin America Smart Metering Market Dynamics:

Installation of Smart Meter in Residential Sector to Monitor Electricity Usage - Countries in Latin America have been installing smart metering systems for efficient management of electricity usage and monitoring the energy consumption of its residential sector. These smart meters are installed with advanced technology and are ideal for predictive analysis, which allows the government and the distribution companies to identify transmission and distribution (T&D) losses. For instance, in 2021, as per the Brazilian Electricity Regulatory Agency, the estimated overall energy losses in the T&D networks were around 17%.  As a result, the use of smart meters enables them to control & ration electricity usage in the residential sector at the time of energy crisis.

Along with it, the residential sector is one of the major energy-consuming sectors in the Latin America region. For instance, in 2021, Chile and Uruguay announced their plans to roll out smart grids and installation of smart meters in the residential sector. Therefore, to optimize the electricity use the government has been encouraging the adoption of smart metering solutions in the region, positively impacting the demand for smart meters across the region, which further will enhance the market share during 2023-2028.

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Market Dimensions & Projections

  • Pricing Evaluation
  • Recent Strategic Moves by Companies
  • Primary Stakeholders
  • Import/Export Trend Analysis
  • Competitive Landscape Assessment
  • Emerging Opportunities
  • Market Trends and Indicators

 

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Latin America Smart Metering Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

  • By Type of Meter
    • Smart Electric Meters- Market Size & Forecast 2018-2028F, USD Million
    • Smart Gas Meters- Market Size & Forecast 2018-2028F, USD Million
    • Smart Water Meters- Market Size & Forecast 2018-2028F, USD Million
  • By Technology
    • Automatic Meter Reading (AMR)- Market Size & Forecast 2018-2028F, USD Million
    • Advanced Metering Infrastructure (AMI)- Market Size & Forecast 2018-2028F, USD Million
  • By Component
    • Hardware- Market Size & Forecast 2018-2028F, USD Million
    • Software- Market Size & Forecast 2018-2028F, USD Million
  • By Communication
    • Radio Frequency- Market Size & Forecast 2018-2028F, USD Million
    • Power Line Communication- Market Size & Forecast 2018-2028F, USD Million
    • Cellular Network- Market Size & Forecast 2018-2028F, USD Million
  • By Analytical Tools
    • Load Forecasting Analysis- Market Size & Forecast 2018-2028F, USD Million
    • Preventive Analysis- Market Size & Forecast 2018-2028F, USD Million
    • Predictive Analysis- Market Size & Forecast 2018-2028F, USD Million
    • Others (Tamper Analysis, Diagnostic Analysis, etc.) - Market Size & Forecast 2018-2028F, USD Million
  • By Data Storage
    • Cloud- Market Size & Forecast 2018-2028F, USD Million
    • On-Premise- Market Size & Forecast 2018-2028F, USD Million
  • By End User
    • Residential- Market Size & Forecast 2018-2028F, USD Million
    • Commercial- Market Size & Forecast 2018-2028F, USD Million
    • Industrial- Market Size & Forecast 2018-2028F, USD Million
  • By Countries
    • Mexico
    • Brazil
    • Argentina
    • Chile
    • Columbia
    • Peru
    • Rest of Latin America

 

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Kamstrup Spain SL, Sensus [Eylem Brand], Honeywell Inc., General Electric Company, Itron, Landis+Gyr, Aclara Technologies, Siemens AG, Schneider Electric SE, Holley Technology Ltd., Others

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