The high rate of demand and supply electricity gaps on account of the poor condition of the grid infrastructure across the region, coupled with the implementation of smart metering systems to address the immediate challenge of electricity supply-demand are the prominent reasons anticipated to enhance the market growth in the coming years
Smart Metering Industry Research Report & Latin America Market Summary:
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.
Installation of smart meters in the residential sector to monitor electricity is driving the growth of the industry
Smart electric meters hold a significant share of the market mainly due to their higher applicability across several areas including commercial, industrial, and residential sectors
The industrial sector which includes ports, power & utility, and manufacturing establishments registered a noteworthy smart meter’s adoption rate during the historical years. This is driven by the amplifying government inclination toward the production of renewable energy
Smart metering marketing in Mexico has been poised for significant growth during the previous years. This growth is attributed to the rising regulatory initiatives, energy efficiency goals and the integration of renewable energy across the country
As indicated in the latest market research report published by Markntel Advisors, titled “Latin America Smart Metering Market Research Report: By Type of Meter (Smart Electric Meters, Smart Gas Meters, Smart Water Meters), By Technology (Automatic Meter Reading [AMR], Advanced Metering Infrastructure [AMI]), By Component (Hardware, Software), By Communication (Radio Frequency, Power Line Communication, Cellular Network), By Analytical Tools (Load Forecasting Analysis, Preventive Analysis, Predictive Analysis, Others), By Data Storage (Cloud, On-Premise), By End User (Residential, Commercial, Industrial), By Countries (Mexico, Brazil, Argentina, Chile, Columbia, Peru, Rest of Latin America) Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Latin America Smart Metering market. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Download a sample PDF of this report to gain insights into the complete report structure - https://www.marknteladvisors.com/query/request-sample/latin-america-smart-metering-market.html
Top Smart Metering Companies Operating in the Latin America Are Given Below
· 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
Key Report Highlights:
· Market Dimensions & Projections
· Pricing Evaluation,
· Recent Strategic Moves by Companies,
· Primary Stakeholders,
· Analysis of Import and Export Trends,
· Competitive Landscape Assessment,
· Emerging Opportunities,
· Market Trends and Indicators
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Smart Metering adoption?
5. How has the competition been shaping up across the geography?
6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
Why Markntel Advisors Report?
Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comprehensive comparisons of products and services.
Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.
Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.
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